Cloud Robotics Market SWOT Analysis, Business Growth Opportunities By Top Companies | Amazon Robotics, Google, Huawei, IBM, Microsoft, C2RO, CloudMinds

The Cloud Robotics Market size is estimated to grow from USD XX Billion in 2020 to USD 24.9 Billion by 2027, growing at a CAGR of 29.4 % during the forecast year from 2021 to 2027.

Market definition, market segmentation, key developments in the market, competitive analysis and research methodology are the major topics in which this Cloud Robotics market research report is divided. This market research provides clients with the information on their business scenario with which they can build business strategies to thrive in the market. The report covers all the market shares and approaches of the major competitors or the key players in the market. Each of the topics covered in the Cloud Robotics market analysis report is studied very well to get clear idea about all the factors that are influencing the market growth.

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Global Cloud Robotics Market: Snapshot

The emergence of cloud connected robots and their expanding applications are expected to drive the global cloud robotics market. Cloud connectivity offers increased data storage, collective learning solutions, and increased brain power. Increase in the uptake of cloud robotics is thus on cards subsequent to advancements in the cloud technology. In addition, the surging demand for automation across manufacturing, automotive, defense and logistics, agriculture, and healthcare sectors will push deployment of cloud robotics.

Demand for Advanced Technologies to Aid Expansion of Software Segment

On the basis of component, the global cloud robotics market is segmented into hardware, software and services. In 2015, the hardware segment contributed nearly 74% to the overall revenue generated in the global cloud robotics market. In the forthcoming years, hardware and software segments alike will exhibit robust opportunities. The rising demand for advanced technologies such as robotics as a service (Raas) and platform as a service (PaaS) will help the software segment gain momentum in the near future.

By connectivity technology, the market can be segmented into WI-Fi, 3G, 4G, 5G, RF and Infrared. Of these, the 3G segment was helmed as the market leader in 2015. However, the technology has become standard as more number of companies are launching competitive products. Threat of rapidly losing share thus looms on the 3G connectivity technology segment. As per MarketDigits, in the near future, the demand for 5G technology will pace higher. Likewise, in terms of application, the market will witness demand rising at a higher rate in the personal service segment despite the dominance of the industrial cloud robotics in 2015.

Asia Pacific to Emerge as Most Lucrative Regional Market

Regionally, North America, Asia Pacific, Europe, South America, and the Middle East and Africa constitute the key segments in the global cloud robotics market. While North America emerged as the dominant market in 2015, Asia Pacific will show the highest CAGR during the forecast period. MarketDigits forecasts, the Asia Pacific cloud robotics market to rise at a CAGR of 33.9% between 2016 and 2027. During this time, China and Japan will demonstrate the most lucrative opportunities in the market.

The cloud robotics market is still at a nascent stage, which explains the concentration of leading also because they are the early technology adopters. Emerging nations will soon catch up on account of the increasing demand for advanced technologies witnessed in the region. Over the course of the report’s forecast period the market is thus expected to witness lucrative opportunities in Asia Pacific especially in countries such as India and China. Besides this, the market is forecast to gain traction across emerging markets in South America and the Middle East and Africa.

Some of the major players in the global cloud robotics market with the significant developments are Rockwell Automation, Inc., Kuka AG, ABB Group, Fanuc Corporation, Yaskawa Electric Corporation, Tend.ai, Rapyuta Robotics Co. Ltd., Universal Robotics A/S, Calvary Robotics, HotBlack Robotics Srl, Motion Controls Robotics, Wolf Robotics LLC, Tech Con Automation Inc., Matrix Industrial Automation and Automation IG, among others.

The emergence of automation processes in a plethora of industries and sectors has led to numerous innovations. Cloud robotics is one of them. Based on the increasing influence of automation in varied industries, the global cloud robotics market may gain exponential growth across the assessment period of 2016-2027.

The enhancing demand for automation across numerous sectors such as defense, logistics, agriculture, healthcare, manufacturing, and others may bring extensive growth prospects for the cloud robotics market. The growing adoption of smart devices and IoT connected devices may increase the growth rate of the cloud robotics market to a great extent.
Even If the cloud robotics market is at a nascent stage, the growth looks promising. The escalating influence of cloud infrastructure and rapid advancements of wireless technology may prove to be a notable growth indicator for the cloud robotics market.
Industries hare using robots on a large scale for various operations that are tedious for humans. This aspect is promoting employee safety and assures efficiency. Thus, the cloud robotics market may bring tremendous advancements on this factor. The widespread adoption of cloud robotics by small and medium-sized enterprises may further enhance the growth prospects across the assessment period of 2016-2027.
The COVID-19 outbreak led to growth disruption across the cloud robotics market. The advent of the outbreak forced numerous countries to impose strict lockdown restrictions. This factor led to a decline in demand. However, as the industries started their operations based on the relaxations in lockdown, the demand for cloud robotics has grown extensively. Social distancing norms and less human contact have become the growth touchpoints for the cloud robotics market. To avoid frequent human contact, cloud robotics is being utilized on a large scale. This aspect may enhance the growth prospects across the cloud robotics market.

This report would help you answer the following questions:
1. What is the market size and forecast of the Global  Cloud Robotics Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global  Cloud Robotics Market during the forecast period?
3. Which region outstands in the Global  Cloud Robotics Market?
4. Which are the segments to invest in over the forecast period in the Global  Cloud Robotics Market?
5. What is the competitive strategic window for opportunities in the Global  Cloud Robotics Market?
6. What are the technology trends and regulatory frameworks in the Global  Cloud Robotics Market?
7. What are the major company in the Global  Cloud Robotics Market?

Table of Contents:
1 Introduction
2 Research Methodologies
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Compliance in Cloud Robotics Market
8 Cloud Robotics Market, By Service
9 Cloud Robotics Market, By Deployment Type
10 Cloud Robotics Market, By Organization Size
11 Cloud Robotics Market Analyses, By Vertical
12 Geographic Analyses
North America
Europe
Asia-Pacific
South America
Middle East & Africa
13 Competitive Landscapes
14 Detailed Company Profiles
15 Related Reports

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This release was published on openPR.