Internet of Robotic Things Market to Hit $2.46 Trillion by 2031 | CAGR 28.6% Boom

According to a new report published by Allied Market Internet of Robotic Things Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component (Software, Services), by Software Type (Network Bandwidth Management, Data Management, Remote Monitoring System, Security Solution, Real Time Streaming Analytics), by Type (Sensors, Actuators, Control System, Power Source, Others), by Platform (Device Management Platform, Application Management Platform, Network Management Platform), by End User (Aerospace and Defense, Automotive and Manufacturing, Healthcare, Food and Beverages, Logistics, Media and Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2021 - 2031, The global internet of robotic things market was valued at $208 billion in 2021, and is projected to reach $2.46 trillion by 2031, growing at a CAGR of 28.6% from 2022 to 2031.

The Internet of Robotic Things (IoRT) refers to the convergence of robotics with Internet of Things (IoT) technologies, artificial intelligence, cloud computing, and advanced analytics. By connecting robots to networks and data platforms, IoRT enables machines to sense, communicate, learn, and make decisions in real time, significantly enhancing automation and operational efficiency.

IoRT is increasingly adopted across manufacturing, healthcare, logistics, agriculture, and smart cities. The technology supports collaborative robots, autonomous mobile robots, drones, and service robots, allowing enterprises to optimize workflows, reduce human intervention, and improve safety and productivity in complex environments.

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Market Dynamics
One of the key drivers of the IoRT market is the growing demand for industrial automation and smart manufacturing. Industries are deploying connected robots to improve precision, reduce downtime, and achieve higher production efficiency while lowering operational costs.

Advancements in artificial intelligence, machine learning, and edge computing are further accelerating market growth. These technologies allow robots to process data locally, respond faster, and perform complex tasks autonomously without heavy reliance on centralized systems.

The increasing adoption of IoRT in healthcare is also contributing to market expansion. Connected robotic systems are being used for surgery, rehabilitation, diagnostics, and hospital logistics, improving patient outcomes and operational efficiency.

However, data security and privacy concerns pose challenges to market growth. As robots become more connected, the risk of cyberattacks and unauthorized access increases, prompting the need for robust cybersecurity frameworks and secure communication protocols.

Additionally, high initial investment and integration complexity may limit adoption among small and medium-sized enterprises. Despite this, ongoing technological advancements and declining hardware costs are expected to reduce these barriers over time.

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Segment Overview
The Internet of Robotic Things (IoRT) market is segmented by component, software type, platform, type, end user, and region. By component, the market is divided into software and services. Based on software type, it includes network bandwidth management, data management, remote monitoring systems, security solutions, and real-time streaming analytics. By type, the market is categorized into sensors, actuators, control systems, power sources, and others. On the basis of platform, it is classified into device management, application management, and network management platforms. End users include aerospace and defense, automotive and manufacturing, healthcare, food and beverages, logistics, media and entertainment, and others. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In terms of software type, the network bandwidth management segment led the IoRT market in 2021 and is expected to continue its dominance in the coming years. Meanwhile, the data management segment is projected to register the highest growth during the forecast period, driven by increasing adoption of IoRT solutions to establish structured data usage practices, improve decision-making, and reduce operational errors.

Regional Analysis
Region-wise, North America dominated the IoRT market in 2021 and is expected to maintain its leadership throughout the forecast period, supported by growing awareness of IoT and artificial intelligence and their role in seamless system integration. However, Asia-Pacific is anticipated to witness substantial growth due to rapid expansion of the manufacturing sector and rising demand for industrial safety solutions.

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Competitive Analysis
The key players profiled in the internet of robotic things market analysis are ABB Ltd., Aethon inc., Amazon.com, Bluefin Robotic Corporation, Cisco, ECA Group, FANUC Corporation, Google, Intel corporation, iRobotic Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the internet of robotic things industry.

Key Findings of the Study
• By component, the software segment accounted for the internet of robotic things market share in 2021.
• On the basis of software type, the network bandwidth management segment generated the highest revenue in 2021.
• On the basis of type, the sensors segment generated the highest revenue in 2021.
• By platform, the device management segment accounted for the largest internet of robotic things market size in 2021.
• On the basis of end user, the aerospace and defense segment generated the highest revenue in 2021.
• Region-wise, North America generated the highest revenue in 2021 for internet of robotic things industry.

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