Cloud Robotics Market Growth 2022-2027: Industry Report, Size, Trends, Share, Forecast

The latest research study "Cloud Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global cloud robotics market size reached US$ 4.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.64 Billion by 2027 exhibiting a growth rate (CAGR) of 20.50% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Cloud robotics represents the field involving automation systems, deep learning, big data, the internet of things (IoT), and other emerging technologies that focus on centralized infrastructures and shared services. It usually allows robots to benefit from the storage and communications resources of modern data centers, share code, perform computation, etc. Cloud robotics assists in removing maintenance as well as updates overhead and reducing dependence on custom middleware.

It enables a high level of human-robot learning and interaction. In line with this, cloud robotics also contributes to digital transformation. Consequently, it is extensively utilized in various industries, such as healthcare, agriculture, construction, etc., across countries.

Cloud Robotics Market Trends and Drivers:

The emerging trend of industrial automation and the growing digitization of businesses are primarily driving the cloud robotics market. Additionally, the inflating popularity of autonomous cars is augmenting the adoption of these services in the automotive industry to index maps, images, and data on prior trajectories, weather, and traffic, determine spatial localization, make decisions, etc., which is further catalyzing the market growth.

Besides this, the rising utilization of cloud robotics to enable warehouse and logistics automation by using mobile platforms and a local network to move pallets, coordinate platforms, share updates in real-time, etc., is positively influencing the global market.

Moreover, the introduction of innovative solutions that can handle computationally heavy tasks, allow power and cognitive collaboration, increase the available data to share with other machines and humans, etc., is anticipated to fuel the cloud robotics market over the forecasted period.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Component:
• Hardware
• Software
• Services

Breakup by Connectivity:
• 3G
• Bluetooth
• Wi-Fi
• 4G
• 5G
• RF
• Infrared

Breakup by Deployment Mode:
• Public Cloud
• Private Cloud
• Hybrid Cloud

Breakup by Application:
• Industrial Cloud Robotics
• Service Cloud Robotics
• Personal Service Cloud Robotics

By Geography:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

List of Major Key Players:
The major players in the market are
• ABB Group
• Calvary Robotics
• CloudMinds
• FANUC Corporation inVia Robotics Inc.
• Kuka AG (Midea Group)
• Ortelio Ltd
• Rapyuta Robotics Co. Ltd.
• Universal Robots A/S (Teradyne Inc.)
• V3 Smart Technologies
• Yaskawa Electric Corporation.

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