Press release
Cloud Robotics Market Size, Growth, Key Players And Forecast To 2033
Cloud Robotics Market Trends
As per the report, the cloud robotics market size has grown exponentially in recent years. It will grow from $9 billion in 2023 to $11.42 billion in 2024 at a compound annual growth rate (CAGR) of 26.9%. The cloud robotics market size is expected to see exponential growth in the next few years. It will grow to $30.05 billion in 2028 at a compound annual growth rate (CAGR) of 27.4%.
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Growing Use Of Robots In Industrial Automation And Robotics-As-A-Service (RAAS) Boosts Cloud Robotics Market
During the forecasting period, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) will drive the cloud robotics market. The automotive industry is increasingly shifting towards a robot-as-a-service model due to the increasing labour costs, labour shortage, and reduction in the cost of robotic systems. For instance, according to the Association for Advancing Automation (A3) data, by 2025, utilization of cloud computing is expected to increase by 17% to 2018 levels, and Factories and industrial concerns in North America ordered a record 29,000 robots during the first nine months of 2021, a 37% increase from the previous year. Therefore, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) ultimately drives the cloud robotics market growth.
Technological Advancements In Cloud Robotics
Technological advancement is a key trend gaining popularity in the cloud robotics market. Key players operating in the cloud robotics market are focusing on developing robotics and automation more broadly to strengthen their position in the market. For instance, in November 2021, Amazon launched AWS IoT RoboRunner, a new robotics service-designed incubator program in collaboration with nonprofit MassRobotics to make it easier for enterprises to build and deploy apps that enable fleets of robots to work together and to tackle challenges in automation, robotics, and industrial internet of things (IoT) technologies.
The cloud robotics market covered in this report is segmented -
1) By Implementation Type: Peer Based, Proxy Based, Clone Based
2) By Deployment Type: Private Cloud, Public cloud, Hybrid cloud
3) By End-User Industry: Manufacturing, Military and Defense, Retail and E-Commerce, Healthcare and Life Sciences, Other End-User Industries
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Major companies operating in the cloud robotics market report are ABB Ltd., Microsoft Corporation, IBM Corporation, C2RO Cloud Robotics Inc., Amazon Robotics LLC,Calvary Automation Robotics LLC,CloudMinds,Fanuc Corporation,Google LLC,Hit Robot Group Co Ltd.,Huawei Technologies,Kuka AG,Ortelio Ltd.,Rapyuta Robotics Co. Ltd.,Rockwell Automation Inc.,V3 Smart Technologies PTE Ltd.,CNC Robotics Ltd.,Robocloud Co. Ltd.,Relativity Space,Arrow Electronics Inc.,Boston Dynamics,Clearpath Robotics,Fetch Robotics Inc.,Grey Orange Pte. Ltd.,Locus Robotics,Omron Adept Technologies,Rethink Robotics,Sarcos Robotics,Soft Robotics,Universal Robots
Contents of the report:
1. Executive Summary
2. Cloud Robotics Market Report Structure
3. Cloud Robotics Market Trends And Strategies
4. Cloud Robotics Market - Macro Economic Scenario
5. Cloud Robotics Market Size And Growth
…..
27. Cloud Robotics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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