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Proliferation of Big Data Analytics to give Cloud Robotics Market a Major Boost
MarketResearchReports.biz announces the addition of a new report to its repository, titled “Global Cloud Robotics Market Research Report 2017”. The study discusses the structure, performance, and future trajectory of the worldwide market and offers sharp and actionable insights to readers.
Cloud robotics refers to the amalgamation of cloud computing technologies with robots to improve their learning abilities. This avenue comprises four fundamental operations: gathering data with the help of integrated and on-board nodes and sensors, processing this information on cloud servers, applying this processed data, and sending feedback to servers for additional evaluation.
The report sheds light on some of the major factors driving and hindering the growth of the cloud robotics market. Industry experts are of the opinion that one of the most significant forces boosting the demand for cloud robotics is the proliferation of big data analytics and cloud computing platforms. In addition to this, the market is fueled by increasing advancements in artificial intelligence and rising need for automation in a number of industries. On the contrary, concerns over data privacy and security are likely to hamper the growth trajectory of the cloud robotics market. However, the emergence of Industrial Internet of Things (IIoT) is anticipated to offer numerous opportunities to players in the market.
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The global cloud robotics market has been studied on the basis of application, type, connectivity technology, deployment, and region. By way of type, the key segments include industrial, commercial, military, and personal. On the basis of deployment, the market comprises private, public, and hybrid. The main connectivity technologies involved are Wi-Fi, Bluetooth, 3G, 4G, and 5G. The major application areas of cloud robotics are aerospace and defense, logistics, home and construction, manufacturing, education, and agriculture.
Regionally, the study on the worldwide market for cloud robotics covers Europe, North America, India, China, Japan, and Southeast Asia. North America is a massive market for cloud robotics, fueled by rising applications in warehousing and by virtue of being one of the early adopters of this technology. Asia is a rather lucrative market and is slated to witness impressive growth over the coming years, which can be attributed to the rising demand for advanced technologies.
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The main players competing in the cloud robotics market include Fanuc Corporation, Hit Robot Group, Boston Dynamics, IRobot, Abb Group, IBM, and Adept Technology. Considering that the number of players in this market are few, the degree of competition is also relatively low at the moment. The fewer number of companies in this space can be attributed to the fact that the field of cloud robotics is still in a nascent stage. Although there are plenty of cloud service providers across the globe, not many of them are actually associated with cloud robotics. Higher upfront costs have also managed to limit the entry of small and new players.
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