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The global market for cloud robotics is expected to increase at a compound annual growth rate (CAGR) of 30.1% over the period covered by this projection, from USD 2.28 billion in 2022 to USD 7.59 billion by 2030. The widespread adoption of cloud computing, the expanding use of wireless technologies across a broad spectrum, the rising popularity of internet of things devices, and the rapid development of artificial intelligence and machine learning technologies are the primary forces behind the expansion of the market.
Cloud robotics refers to the seamless integration of robotics, cloud computing, internet technologies, and cloud storage. Cloud robotics may also refer to cloud computing. Cloud robotics allows for increased learning capabilities in automated systems. It gives robots the ability to make use of the enormous computational, storage, and communication capabilities that are available in modern data centres. In addition to this, it gives robots the ability to make use of the exponential increase in the speed at which data can be transferred, which enables them to offload tasks that do not have to be completed in strict accordance with real-time standards. As a consequence of this, it is possible to create an intelligent robot that has its "brain" stored on the cloud. All of the components of the brain, such as the knowledge base, the data centre, deep learning, task planners, and so on, are incorporated. The processing of the obtained data on cloud servers, the application of the processed data, and cloud robotics are the four important robotic operations. Data capturing is accomplished with the assistance of robots.
The compound annual growth rate (CAGR) of the cloud robotics market is expanding as a result of the rise in automation. Robotic automation can take the place of a number of different industrial processes, including as welding, assembling, material handling, painting, and machining. These robots are superior to humans in terms of accuracy, speed, and precision because they utilise electrical, mechanical, and software systems to do the tasks that have been given to them. Automation in industrial robots has also shown to be quite successful as a result of the high degree of precision and speed it can achieve in well-organized industrial settings. In order for these robots to function effectively in settings where there is no obvious hierarchy, network technology must be incorporated. As a direct consequence of this development, robots can now be connected to the cloud, giving them the ability to remotely access datasets that enable a variety of functions. Therefore, it is predicted that throughout the time that is projected, the expansion of the global market for cloud robotics would be fuelled by the automation of various industries.
To enable robotics by exploiting the benefits of converged infrastructure and shared services, there is a subfield of robotics known as "cloud robotics." Cloud robotics is an attempt to employ cloud technologies such as cloud computing, cloud storage, and other Internet technologies. Robots that are connected to the cloud are able to make use of the enormous processing, storage, and communication capacity of today's cloud data centres, which are able to analyse and exchange information from a number of robots or agents (including other machines, smart objects, humans, and others). During the COVID-19 pandemic, there was an increase in demand for work that could be done from home or remotely, which helped to fuel the expansion of the worldwide cloud robotics market. However, the difficult problems with data privacy and security that cloud robotics platforms present may make it difficult to forecast the market for cloud robotics. On the other hand, a strong drive towards centralised monitoring and control of industrial equipment is projected to give lucrative chances for expansion of the cloud robotics market throughout the forecast period. These opportunities are anticipated to be available in the coming years.
The market is likely going to be driven forward by the developments in mobile cloud robotics. In the years ahead, the market is going to be presented with a large number of chances thanks to the growing demand for 5G. It is anticipated that rising need for robotics and automation across a variety of industries, including manufacturing, automotive, logistics, healthcare, and others, will boost the demand for cloud-based robotics. The purpose of the application of cloud robots in warehouse management is to generate customer demand. In addition, the Robot as a Service, also known as RaaS, is projected to gain popularity in the near future because of its capacity to integrate robots and embedded devices in a cloud environment in an unobtrusive manner.
Aside from the traditional benefits that cloud integration can provide, such as artificial intelligence, machine learning, data analytics, storage, security, and computation services, improving communications standards are enabling cloud robotics to integrate the functionalities of edge computing and the benefits of ultra-low network latency with the assistance of modern 5G networks. This is in addition to the traditional benefits that cloud integration can provide, such as artificial intelligence, machine learning, data analytics, storage, security, and computation services. Robots and system automation have transitioned from being the future discoveries of research labs to really becoming a major cost-saving, time-saving, and energy-saving feature of modern industry and business. This shift has occurred as a direct result of the increased speed of communication networks.
Report Coverage
Global Cloud Robotics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cloud Robotics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cloud Robotics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cloud Robotics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cloud Robotics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cloud Robotics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kuka AG (Germany), Fanuc Corporation (Japan), Rapyuta Robotics Co. Ltd. (Japan), Calvary Robotics (U.S.), Rockwell Automation, Inc. (U.S.), Yaskawa Electric Corporation (Japan), ABB Group (Switzerland), Motion Controls Robotics (U.S.) and Ortelio Ltd. (UK)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cloud Robotics market based on the below-mentioned segments:
Global Cloud Robotics Market, By Type
Peer Based
Proxy Based
Clone Based
Global Cloud Robotics market, By Application
Defense
Manufacturing
Retail
Agriculture
Healthcare
Global Cloud Robotics market, Regional Analysis
Cloud robotics refers to the seamless integration of robotics, cloud computing, internet technologies, and cloud storage. Cloud robotics may also refer to cloud computing. Cloud robotics allows for increased learning capabilities in automated systems. It gives robots the ability to make use of the enormous computational, storage, and communication capabilities that are available in modern data centres. In addition to this, it gives robots the ability to make use of the exponential increase in the speed at which data can be transferred, which enables them to offload tasks that do not have to be completed in strict accordance with real-time standards. As a consequence of this, it is possible to create an intelligent robot that has its "brain" stored on the cloud. All of the components of the brain, such as the knowledge base, the data centre, deep learning, task planners, and so on, are incorporated. The processing of the obtained data on cloud servers, the application of the processed data, and cloud robotics are the four important robotic operations. Data capturing is accomplished with the assistance of robots.
The compound annual growth rate (CAGR) of the cloud robotics market is expanding as a result of the rise in automation. Robotic automation can take the place of a number of different industrial processes, including as welding, assembling, material handling, painting, and machining. These robots are superior to humans in terms of accuracy, speed, and precision because they utilise electrical, mechanical, and software systems to do the tasks that have been given to them. Automation in industrial robots has also shown to be quite successful as a result of the high degree of precision and speed it can achieve in well-organized industrial settings. In order for these robots to function effectively in settings where there is no obvious hierarchy, network technology must be incorporated. As a direct consequence of this development, robots can now be connected to the cloud, giving them the ability to remotely access datasets that enable a variety of functions. Therefore, it is predicted that throughout the time that is projected, the expansion of the global market for cloud robotics would be fuelled by the automation of various industries.
To enable robotics by exploiting the benefits of converged infrastructure and shared services, there is a subfield of robotics known as "cloud robotics." Cloud robotics is an attempt to employ cloud technologies such as cloud computing, cloud storage, and other Internet technologies. Robots that are connected to the cloud are able to make use of the enormous processing, storage, and communication capacity of today's cloud data centres, which are able to analyse and exchange information from a number of robots or agents (including other machines, smart objects, humans, and others). During the COVID-19 pandemic, there was an increase in demand for work that could be done from home or remotely, which helped to fuel the expansion of the worldwide cloud robotics market. However, the difficult problems with data privacy and security that cloud robotics platforms present may make it difficult to forecast the market for cloud robotics. On the other hand, a strong drive towards centralised monitoring and control of industrial equipment is projected to give lucrative chances for expansion of the cloud robotics market throughout the forecast period. These opportunities are anticipated to be available in the coming years.
The market is likely going to be driven forward by the developments in mobile cloud robotics. In the years ahead, the market is going to be presented with a large number of chances thanks to the growing demand for 5G. It is anticipated that rising need for robotics and automation across a variety of industries, including manufacturing, automotive, logistics, healthcare, and others, will boost the demand for cloud-based robotics. The purpose of the application of cloud robots in warehouse management is to generate customer demand. In addition, the Robot as a Service, also known as RaaS, is projected to gain popularity in the near future because of its capacity to integrate robots and embedded devices in a cloud environment in an unobtrusive manner.
Aside from the traditional benefits that cloud integration can provide, such as artificial intelligence, machine learning, data analytics, storage, security, and computation services, improving communications standards are enabling cloud robotics to integrate the functionalities of edge computing and the benefits of ultra-low network latency with the assistance of modern 5G networks. This is in addition to the traditional benefits that cloud integration can provide, such as artificial intelligence, machine learning, data analytics, storage, security, and computation services. Robots and system automation have transitioned from being the future discoveries of research labs to really becoming a major cost-saving, time-saving, and energy-saving feature of modern industry and business. This shift has occurred as a direct result of the increased speed of communication networks.
Report Coverage
Global Cloud Robotics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cloud Robotics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cloud Robotics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cloud Robotics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Kuka AG (Germany), Fanuc Corporation (Japan), Rapyuta Robotics Co. Ltd. (Japan), Calvary Robotics (U.S.), Rockwell Automation, Inc. (U.S.), Yaskawa Electric Corporation (Japan), ABB Group (Switzerland), Motion Controls Robotics (U.S.) and Ortelio Ltd. (UK) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Cloud Robotics Market from 2021 to 2030.
- Market Forecast for Cloud Robotics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Cloud Robotics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Cloud Robotics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cloud Robotics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cloud Robotics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kuka AG (Germany), Fanuc Corporation (Japan), Rapyuta Robotics Co. Ltd. (Japan), Calvary Robotics (U.S.), Rockwell Automation, Inc. (U.S.), Yaskawa Electric Corporation (Japan), ABB Group (Switzerland), Motion Controls Robotics (U.S.) and Ortelio Ltd. (UK)
Primary Target Market
- Market Players of Cloud Robotics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cloud Robotics market based on the below-mentioned segments:
Global Cloud Robotics Market, By Type
Peer Based
Proxy Based
Clone Based
Global Cloud Robotics market, By Application
Defense
Manufacturing
Retail
Agriculture
Healthcare
Global Cloud Robotics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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