Cloud Robotics Market Size, Share & Industry Analysis, By Component (Software, Services), By Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), Robot as a Service (RaaS)), By Industry (Manufacturing, Logistics, Automotive, Military and Defense,Retail and E-commerce, Healthcare, Others) And Regional Forecast 2023-2030

Cloud robotics is a technology that combines robotics and cloud computing. The development in cloud computing, big data, cloud storage is expected to offer potential growth for the market. The cloud-connected robots offer intelligent communication resources, high storage options, real-time computational dynamics, and more. The increasing adoption of the internet of things, connected devices, artificial intelligence, and machine learning is likely to enhance the cloud robotics capabilities. It offers real-time data transfer that helps in reducing the task duration anticipated to boost the market.

The advancements in mobile cloud robotics are likely to drive the market. The rising demand for 5G is likely to create vast opportunities for the market in the coming years. Rising demand for robotics and automation across industries such as manufacturing, automotive, logistics, healthcare and more is expected to drive the cloud robotic demand. The cloud robotics application in warehouse management is to drive the demand. Also, the Robot as a Service (RaaS) is likely to gain traction owing to its capability of integrating robots and embedded devices in the cloud environment seamlessly.

Key Market Driver -

• Increasing adoption of robotics across the industries is likely to drive the market growth. • The rising demand for self-driving cars is likely to drive the cloud robotics demand in automotive industry

Key Market Restraint -

• Privacy and security concerns are likely to challenge the market

Key Players Covered:

Cloud Robotics providers in the global market include ABB Ltd, Microsoft Corporation, IBM Corporation, CNC Robotics Ltd., Amazon Robotics LLC, C2RO Cloud Robotics Inc., Huawei Technologies, CloudMinds, Google LLC, V3 Smart Technologies, Rapyuta Robotics, Robocloud, among others. The growing market is encouraging the key cloud provider such as Google LLC, Microsoft Corporation, Amazon LLC to invest in the cloud robotics market. The companies are offering advanced services by integrating technologies such as internet of things, AI, machine learning and more.

Regional Analysis

North America is expected to have the largest market share during the forecast period. The rapidly growing demand for advanced technologies such as artificial intelligence, machine learning, cloud computing, internet of things, is to drive the market. US is expected to grow owing to the significant presence of cloud providers such as Google LLC, Microsoft Corporation, Amazon LLC, and more in the country. The country is also witnessing the exponential growth of industries such as automotive, manufacturing, logistics and more. This is expected to boost the demand for cloud robotics market. Europe is expected to grow steadily owing to the increasing demand for robotic automation in automotive industry. The robotics industry is witnessing growing investments in the Europe. The significant growth in industries of Germany and France are likely to boost the market growth.

 Asia Pacific is anticipated to show exponential growth during the forecast period owing to the increasing penetration of cloud computing, robotics, and automation. Countries such as China, India, Japan, and South Korea are witnessing a surge in demand for automation. According to the International Federation of Robotics (IFR), in 2017 Asia Pacific has witnessed strong growth in industrial robotics. China is expected to lead the market is a key robot manufacturer.

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Segmentation

Key Industry Developments

• May 2019 – IBM Corporation in partnership with Siemens AG and IBM Watson AI has developed the cloud robotics platform. The platform offers visual recognition, industrial virtual assistant and voice recognition for control tasks along with the AI capabilities.


• May 2019 – Microsoft Corporation launched autonomous robot platform. The platform offers machine learning and machine teaching tools for the third-party simulator. The company is also aiming to integrate its AI capabilities to provide human like features to the robots.