Press release
Cloud Robotics Market: Rapid Expansion and Innovation to Boost Market to $14.08 Billion By 2025 & $39.07 Billion By 2029
Cloud Robotics Market
Projected Market Size of the Global Cloud Robotics Market and its Growth Rate?
Cloud Robotics Market has shown significant growth and projected to expand further:
• 2024 Market Size: $11.2 billion
• 2025 Market Size: $14.08 billion (25.7% CAGR), driven by cost-efficiency, scalability, and advancements in data storage and processing
• 2029 Market Size: $39.07 billion (29.1% CAGR), due to factors such as decentralization of cloud robotics architecture, energy efficiency focus, and growth in robotic process automation
What Is Driving The Growth In The Cloud Robotics Market?
The growth in the cloud robotics market is primarily driven by the increase in the use of robots for industrial automation and the rising demand for robotics-as-a-service (RaaS). The increasing shift in the automotive industry towards a robot-as-a-service model, due to rising labor costs, labor shortage, and a reduction in the cost of robotic systems, plays a significant role. For example, the Association for Advancing Automation (A3) data indicates that the utilization of cloud computing will increase by 17% to 2018 levels by 2025. Additionally, factories and industrial concerns in North America ordered a record 29,000 robots during the first nine months of 2021, marking a 37% increase from the previous year.
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Who Are the Key Players Driving Cloud Robotics Market Growth?
• 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
What Are The Key Trends In The Cloud Robotics Market?
Key trends in the market include:
• 5G connectivity for low-latency communication
• Integration of edge computing
• Emergence of Robotics as a Service (RaaS) models
• Digital twins for simulation and training
• Cross-industry adoption
What Are The Segments Of The Global Cloud Robotics Market?
• By Implementation Type: Peer Based, Proxy Based, Clone Based
• By Deployment Type: Private Cloud, Public cloud, Hybrid cloud
• By End-User Industry: Manufacturing, Military and Defense, Retail and E-Commerce, Healthcare and Life Sciences, Other End-User Industries
Which Region Leads The Cloud Robotics Market?
North America was the largest region in the cloud robotics market in 2024 and is projected to be the fastest-growing region in the forecast period. The regional coverage of the market report includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Cloud Robotics Market Global Market Report?
- Market Size Analysis: Analyze the Cloud Robotics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud Robotics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cloud Robotics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud Robotics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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