Global Cloud Robotics Market- Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global cloud robotics market was valued at USD 4.0 billion in 2020 and it is expected to reach USD 30.1 billion by 2030 with the CAGR of 22.3% during 2020-2030. Cloud robotics is the combination of robots and automation systems which share data and code to perform computation via networks enabling greater memory, computational power and collective learning. In cloud robotics, rather than relying solely on large on-board processing system, it can use programs on the cloud to process data and perform calculations. Along with computation, the cloud provides cloud robots with a large database of information including video and image analysis and mapping. In addition, the cloud facilitates the sharing of data from robot learning. Cloud robots that are connected to a common network can share data with one another and each individual robot can use this information to make decisions based on what it learned from the group. Increasing adoption of smart devices and rising cloud streaming services are supplementing the cloud robotics market growth.
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Market Dynamics and Factors :
Rising demand for robots across industries and rapid progress of wireless technology are the major drivers for the growth of the global cloud robotics market. Moreover, increase in the adoption of IoT and accumulation of the cloud technology is also contributing in the market growth. A forecast from International Data Corporation (IDC) estimates that there will be 41.6 billion connected IoT devices present which were 26.66 billion in 2019. Furthermore, the use of cloud based Artificial Intelligence (AI) and Machine Learning (ML) technologies are likely to shape the development of the cloud robotics market significantly over the forecast period. However, lack of technical expertise is hampering expected to hamper the growth of cloud robotics market to some extent. Moreover, the emergence of the 5G technology in the cloud robotics creates immense opportunities for the cloud robotics market growth.
Market Segmentation:
Global Cloud Robotics Market – By Component
Hardware
Software
Services
Global Cloud Robotics Market – By Implementation Type
Peer Based
Proxy Based
Clone Based
Global Cloud Robotics Market – By Connectivity Technology
Bluetooth
Wi-Fi
3G
4G
5G
RF
Infrared
Global Cloud Robotics Market – By Application
Industrial Cloud Robotics
Professional Service Cloud Robotics
Personal Service Cloud Robotics
Global Cloud Robotics Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis :
In terms of revenue, North America dominates the global cloud robotics market owing to the adoption of robotics technology in the field of defense, security & health care and advancements to cloud computing. Moreover, the presence of a large number of enterprises such as IBM, Microsoft, Google, and Amazon Robotics is further driving the growth cloud robotics market in this region. Asia-Pacific is expected to grow at a fast pace over the forecast period majorly due to growing penetration of cloud computing and increasing demand for advanced technologies. From Asia-Pacific, the automation adoption rate in China, India and Japan is the highest in the world.
Competitive Scenario :
The key players of global cloud robotics market are Google, Microsoft Corporation, ABB Ltd, Mitsubishi, Amazon Robotics LLC, Rapyuta Robotics, IBM Corporation, NVidia Corporation, Cruise LLC and Brain Corp.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Cloud Robotics Market- industry, although key threats, opportunities and disruptive technologies that could shape the Global Cloud Robotics Market- Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Cloud Robotics Market- Market most.
The data analysis present in the Global Cloud Robotics Market- Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Cloud Robotics Market- Market business.
The 2021 Annual Global Cloud Robotics Market- Market offers:
100+ charts exploring and analysing the Global Cloud Robotics Market- Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Cloud Robotics Market- Market type.
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