Global Cloud robotics Market to grow at 27.4% CAGR, which is anticipated to reach USD 13 billion by 2030.
CRI Report has released a report titled “Cloud robotics Market – Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030” which is anticipated to reach USD 13 billion by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 27.4% between 2020 and 2030. Both robotics applications and cloud-based technologies are used in the worldwide market, making cloud robotics the most efficient. One of the next developments in the artificial intelligence industry is cloud robotics. The worldwide cloud robotics market has reached its peak thanks to the integration of robots and cloud technology.
The market report on global Cloud robotics market includes in-depth insights as:
- The estimated value of the market was USD 5.2 billion in the year 2020.
- Region-wise, the market in APAC, which held the largest market share of XX% in the year 2019, emerged as a key market for Cloud robotics Market.
- Based on components, Services emerged as a key segment in the global Cloud Robotics Market.
- Based on deployment, Public emerged as a key segment in the global Cloud robotics Market
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“The combination of cloud technology with robotic systems enables the construction of multi-robot systems with high performance and complexity, owing to the improvement of cloud computing, big data, and other developing technologies. The expansion of industrial robots has been fueled by the IoT’s increasing penetration and robotics expenditures.”, according to this report
The cloud robotics business promotes cloud technologies such as cloud storage, clouds computing, and a variety of other internet-related technologies, with a focus on the benefits of connected infrastructure and shared services. It allows robots to take advantage of sophisticated data centers’ high processing power, storage capacity, and resources. The quantity of benefits provided by the global market is the primary reason for its growing popularity. The job unloading process increases faster with faster data transfer rates, which meets the real-time requirements.
Global Cloud Robotics market is divided by components into Software and Services. Due to the increased requirement for developing businesses and constructing better applications, as well as the changing database environment, the software category is predicted to have the largest market share during the projection period. As a result, innovative and versatile robot cloud software solutions for solving diverse difficulties are projected to be required. The training and support services section in the services segment is predicted to increase at the quickest rate throughout the projection period. These services are designed to give a diverse range of service options to fulfill the unique needs of clients who demand the most out of their hardware and software. These services also help robot manufacturers and integrators execute cloud robotics solutions successfully.
Key Players in the Market
- Some of the key players operating in the global 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), Other Prominent Players
Get Valuable Insights into Global Cloud robotics Market
In the new report, CRI Report thrives to present an unbiased analysis of the global Cloud robotics market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by deployment model into Public, Private, and Hybrid Cloud, by component into Software and Services. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.