Press release
Cloud Robotics Market - Demand for Advanced Technologies to Aid Expansion of Software Segment
The emergence of cloud connected robots and their expanding applications are expected to drive the global cloud robotics market. Cloud connectivity offers increased data storage, collective learning solutions, and increased brain power. Increase in the uptake of cloud robotics is thus on cards subsequent to advancements in the cloud technology. In addition, the surging demand for automation across manufacturing, automotive, defense and logistics, agriculture, and healthcare sectors will push deployment of cloud robotics.Transparency Market Research (TMR) has prophesized the market to expand at an impressive 32.4% CAGR between 2016 and 2024. The global cloud robotics market was valued at US$1.38 bn in 2015. Considering its pace of gain, the market is forecast to reach US$21.94 bn by the end of 2024.
Get an exclusive sample of this report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17222
On the basis of component, the global cloud robotics market is segmented into hardware, software and services. In 2015, the hardware segment contributed nearly 74% to the overall revenue generated in the global cloud robotics market. In the forthcoming years, hardware and software segments alike will exhibit robust opportunities. The rising demand for advanced technologies such as robotics as a service (Raas) and platform as a service (PaaS) will help the software segment gain momentum in the near future.
By connectivity technology, the market can be segmented into WI-Fi, 3G, 4G, 5G, RF and Infrared. Of these, the 3G segment was helmed as the market leader in 2015. However, the technology has become standard as more number of companies are launching competitive products. Threat of rapidly losing share thus looms on the 3G connectivity technology segment. As per TMR, in the near future, the demand for 5G technology will pace higher. Likewise, in terms of application, the market will witness demand rising at a higher rate in the personal service segment despite the dominance of the industrial cloud robotics in 2015.
Browse Research Report @
https://www.transparencymarketresearch.com/cloud-robotics-market.html
Asia Pacific to Emerge as Most Lucrative Regional Market
Regionally, North America, Asia Pacific, Europe, South America, and the Middle East and Africa constitute the key segments in the global cloud robotics market. While North America emerged as the dominant market in 2015, Asia Pacific will show the highest CAGR during the forecast period. TMR forecasts, the Asia Pacific cloud robotics market to rise at a CAGR of 33.9% between 2016 and 2024. During this time, China and Japan will demonstrate the most lucrative opportunities in the market.
The cloud robotics market is still at a nascent stage, which explains the concentration of leading also because they are the early technology adopters. Emerging nations will soon catch up on account of the increasing demand for advanced technologies witnessed in the region. Over the course of the report’s forecast period the market is thus expected to witness lucrative opportunities in Asia Pacific especially in countries such as India and China. Besides this, the market is forecast to gain traction across emerging markets in South America and the Middle East and Africa.
Some of the major players in the global cloud robotics market with the significant developments are Rockwell Automation, Inc., Kuka AG, ABB Group, Fanuc Corporation, Yaskawa Electric Corporation, Tend.ai, Rapyuta Robotics Co. Ltd., Universal Robotics A/S, Calvary Robotics, HotBlack Robotics Srl, Motion Controls Robotics, Wolf Robotics LLC, Tech Con Automation Inc., Matrix Industrial Automation and Automation IG, among others.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cloud Robotics Market - Demand for Advanced Technologies to Aid Expansion of Software Segment here
News-ID: 816016 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
