Cloud Robotics Market |(CAGR) of 21.4%| Future Growth with Technology and Current Trends 2023 to 2031

The global cloud robotics market size was US$ 5.5 billion in 2021. The global cloud robotics market is projected to grow to US$ 12.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 21.4% during the forecast period from 2022 to 2030.

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Cloud robotics includes the use of cloud technologies such as cloud storage, cloud computing, etc. Cloud computing and other internet-based technologies allow robots to benefit users through storage capacity and resources.

Factors Influencing the Market
The efficient performance of cloud robotics will primarily drive the growth of the cloud robotics market during the study period.
The integration of cloud technology with robotic systems can result in multi-robot systems offering high performance. Moreover, the fact that these robots find applications in various industries will continue to propel the overall cloud robotics market forward.
The rising penetration of IoT and high robotics expenditure will benefit the cloud robotics market during the analysis period. Additionally, the advancement of industrial robots and programmable robots to attain an excellent level of accuracy, resilience, compatibility, etc., will contribute to the cloud robotics market growth during the study period.
The accessibility of low-cost, small-capacity industrial automation systems from small and medium-sized firms has an impact on their uptake. Moreover, rising investments in the cloud sector will escalate market growth.
On the flip side, the high cost of cloud robotics may restrict the growth of the cloud robotics market.

COVID-19 Impact Analysis
The COVID-19 outbreak has negatively affected the cloud robotics market at some point as various governments imposed strict lockdown restrictions. As a result, it created supply chain disruptions, which ultimately hampered the cloud robotics market. However, the market witnessed a sudden spike in the demand for cloud robotics due to the social distancing norms and prime need for less human contact. Various industries, including healthcare, food & beverage, and aerospace, started adopting cloud robotics to minimize the risk of infection. Thus, it positively affected the cloud robotics market.

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Regional Analysis
North America dominated the cloud robotics market in terms of revenue and is forecast to hold the largest share throughout the projected period. The highest share of the region is attributed to the presence of a large number of vendors, such as IBM, Microsoft, Google, and Amazon Robotics, in the region. The demand for AI and machine learning technologies will also continue to grow due to the rise in R&D activities, which will potentially boost the adoption of the cloud robotics market.

Competitors in the Market
• Amazon Robotics (US)
• Google (US)
• Huawei (China)
• IBM (US)
• Microsoft (US)
• C2RO (Canada)
• CloudMinds (US)
• Hit Robot Group (US)
• V3 Smart Technologies (Singapore)
• Rapyuta Robotics (Japan)
• Ortelio (UK)
• Tend (US)
• Other Prominent Players

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Market Segmentation
The global cloud robotics market segmentation focuses on Deployment, Component, and Region.
By Deployment Type
• Public
• Private
• Hybrid Cloud
By Component
• Software
• Services
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific

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● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

Table of Content

Chapter 1: Global Cloud Robotics Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Cloud Robotics market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Cloud Robotics Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Cloud Robotics market Size Forecast (2023-2031).

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This release was published on openPR.