The Cloud Robotics Market size is estimated to grow from USD 4.1 Billion in 2020 to USD 24.9 Billion by 2027, growing at a CAGR of 29.4 % during the forecast year from 2021 to 2027.
The base year for calculation in this Cloud Robotics Market business report is taken as 2020 while the historic year is 2019 which will tell how the market will perform in the forecast years by informing what the market definition, classifications, applications, & engagements are. This Cloud Robotics Market report is also all-embracing of the data which covers market definition, classifications, applications, engagements, market drivers & market restraints that are based on the SWOT analysis. A large scale Cloud Robotics Market report is a comprehensive study about the market which tells about the market status in the forecast period of 2021-2027.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Cloud Robotics Market, By Components (Software, Services), Service Model (PaaS, IaaS, SaaS), Application (Industrial robots, Customer robots, Military robots, Commercial robots), End user & Geography – Global Forecast To 2027”. Early buyers will get 10% customization on study.
To Avail deep insights of Cloud Robotics Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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The cloud robotics market size is estimated to grow from USD 4.1 Billion in 2020 to USD 24.9 Billion by 2027, growing at a CAGR of 29.4 % during the forecast year from 2021 to 2027. The major factors driving the market growth are the proliferation of the cloud technology, broad spectrum use of wireless technologies increase in the adoption of IoT and advancements in AI and machine learning technologies.
This report aims at estimating the market size and growth potential of the cloud robotics market across different segments: components (software and services), service models (Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS)), applications (industrial robots, military robots, commercial robots and personal robots), deployment models, end-users (verticals and third-party users), and regions. The primary objective of the report is to provide a detailed analysis of the major factors (drivers, restraints, opportunities, industry-specific challenges, and recent developments) influencing the market growth, analyze the market opportunities for stakeholders, and offer details of the competitive landscape to the market leaders.
The research methodology used to estimate and forecast the cloud robotics market size began with capturing data on the key vendor revenues through secondary sources, such as annual reports, ResearchGate, Springer, IEEE Xplore, press releases and investor presentations of companies, and white papers, certified publications, and articles from recognized associations and government publishing sources. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenues of the key market players. After arriving at the overall market size, the market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the primary participants is depicted in the figure below:
The cloud robotics market includes companies such as Amazon Robotics (US), Google (US), Huawei (China), IBM (US), Microsoft (US), C2RO (Canada), CloudMinds (US), Hit Robot Group (US), V3 Smart Technologies (Singapore), Rapyuta Robotics (Japan), Ortelio (UK),and Tend (US).
Key Target Audience
- Software vendors
- Machine-to-Machine (M2M) and telecom providers
- Internet of Things (IoT) platform/middleware providers
- Device and sensor providers
- Cloud platform providers
- Third-party integration providers
- Consultancy firms and advisory firms
- Robot manufacturers
- Investors and venture capitalists
- Value-added Resellers (VARs)
- Software and application developers
- Government agencies
The research report categorizes the market to forecast the revenues and analyze the trends in each of the following subsegments:
Cloud Robotics Market By Component
Market By Service Model
Cloud Robotics Market By Application
- Industrial robots
- Customer robots
- Military robots
- Commercial robots
Market By End-user
- Third party users
Cloud Robotics Market By Region
- North America
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
With the given market data, MarketDigits offers customizations as per the company’s specific requirements. The following customization options are available for the report:
- Product matrix provides detailed product information and comparison
- Further breakdown of the North American cloud robotics market
- Further breakdown of the European market
- Further breakdown of the APAC market
- Further breakdown of the MEA market
- Further breakdown of the Latin American market
- Detailed analysis and profiling of additional market players
In the components segment, the software segment is expected to have the larger market share during the forecast period, due to the rapid need for developing businesses and building better applications and the changing database environment. This is expected to result in the need for advanced and flexible robot cloud software solutions for addressing multiple challenges. In the services segment, the training and support services segment is expected to grow at the fastest growth rate during the forecast period. These services are designed to provide a wide range of service offerings that help meet the specific needs of customers who require maximum benefits from their hardware and software. These services also assist the robot manufacturers and integrators in successfully implementing cloud robotics solutions.
In the deployment types segment, the public cloud deployment type is expected to carry the largest market share as compared to that of the private and hybrid cloud deployment types. Most of the cloud robotics developers prefer using the public cloud deployment model, because of its cost-effectiveness and benefits. The public cloud is highly scalable, flexible, and cost-efficient as compared to the private cloud. The public cloud services may be offered free of cost, or on a pay-per-use model, depending upon the requirements of the end-users. The cloud storage providers prefer the public cloud deployment model the most, due to the ease of access and faster deployment feature. In the verticals segment, the manufacturing vertical is expected to have the largest market share in the cloud robotics market in 2017. The demand for robotic machines is continuously increasing among manufacturers, as they are looking for ways to improve their operational efficiencies as well as mitigate their costs. In the manufacturing industry, robotic arms are used for replacing manual labour. Manufacturers are taking benefits of robot simulations, which are increasing the efficiency of production processes, quality control, predictive maintenance, and product innovation. This also helps companies in reducing the production time as well as the costs associated with it.
North America is expected to have the largest share in the cloud robotics market during the forecast period. The reason being, the majority of vendors, such as IBM, Microsoft, Google, and Amazon Robotics, are based in North America. The region is also expected to account for the major market share and considered the most advanced region in terms of cloud, AI, and machine learning technologies. The region witnesses many R&D activities in the field of robotics for o bringing advancements to cloud computing, AI, robotics, and machine learning technologies. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period, as the region is home to a creditable amount of manufacturing units, which are gradually embracing the adoption of advanced technologies, such as cloud robotics.
The proliferation of cloud technology, broad spectrum use of wireless technologies and smart devices, increase in adoption of IoT, and advancements in AI and machine learning technologies are expected to drive the growth of the cloud robotics market. However, data privacy and security concerns, and high initial costs and R&D expenses may hinder the market growth and act as a restraining factor that can hamper business-critical functions in the market.
The major vendors in the cloud robotics market are Amazon Robotics (US), Google (US), Huawei (China), IBM (US), Microsoft (US), C2RO (Canada), CloudMinds (US), Hit Robot Group (US), V3 Smart Technologies (Singapore), Rapyuta Robotics (Japan), Ortelio (UK), and Tend (US).
All viewpoints in the report are based on iterative validation by engaging influencer, experts of the market, whose opinions supersede all other research methodologies. Both primary and secondary approach are used and detailed product portfolio / service offering were analysed and have been presented in a separate chapter of competitive landscape along with company profile.
Detailed Insights on Market Concentration Rate:
CR4, CR8 and HHI Index Analysis of Overall Market
Comparative Market Share Analysis (Y-o-Y)
Emerging Players – Heat Map Analysis
MarketDigits MR also offers Custom Research services providing focused, comprehensive and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter wise section or region wise report like North America, Europe or Asia.
Table of Content:
Chapter 1: Introduction and Scope
Chapter 2: Key Company Profiles
Chapter 3: Cloud Robotics Market Explanations, Share and Forecast across type, application and geography
Chapter 4: Cloud Robotics Industry Consumption by Regions
Chapter 5: Market Explanation of Asia Pacific region
Chapter 6: Market Explanations of Europe region
Chapter 7: Market Explanation of Asia Pacific region
Chapter 8: Market Explanations of North America region
Chapter 9: Market Explanations of Middle East and Africa region
Chapter 10: Key Important features of the Cloud Robotics market
Chapter 11: Key trends of the market and the Cloud Robotics market Opportunities
Chapter 12: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 13: Research Findings and Conclusion
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