Cloud Robotics Market Size is Projected to Reach US$ 19.7 Billion by 2028

Industry Overview of Cloud Robotics Market

Cloud robotics usually involves the use of automation systems, Big Data, deep learning, the Internet of Things (IoT), and other emerging advanced technologies that focus on centralized infrastructures and shared services. It enables robots to benefit from the storage and communications resources of modern data centers, perform computation, share data and code, etc. Cloud robotics helps to remove maintenance and updates overhead and minimize dependence on custom middleware. It also enables a high level of human-robot learning and interaction and contributes to digital transformation. Consequently, cloud robotics is extensively utilized by numerous organizations across the globe.

How Big Is the Cloud Robotics Market?

The global cloud robotics market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.7 Billion by 2028, exhibiting a growth rate (CAGR) of 19.6% during 2023-2028.

Global Industry Trends and Drivers:

The growing number of data that is transferred to offload compute-intensive tasks, such as voice recognition, image processing, and downloading new skills instantly, is primarily driving the cloud robotics market. Additionally, the emerging trend of industrial automation is further bolstering the market growth. Besides this, the inflating popularity of autonomous cars is propelling the demand for cloud robotics in the automotive industry to index images, maps, and data on prior driving trajectories, weather, and traffic, make decisions, determine spatial localization, etc., which is acting as another significant growth-inducing factor. Moreover, it is also adopted to enable logistics and warehouse automation by using mobile platforms and a local network to coordinate platforms, move pallets, share updates in real-time, etc., thereby positively influencing the global market. Apart from this, the introduction of innovative solutions that can enable power and cognitive collaboration, handle computationally heavy tasks, increase the available data to share with humans and other machines, etc., is anticipated to fuel the cloud robotics market over the forecasted period.

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What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Component:

• Hardware
• Software
• Services

Breakup by Connectivity:

• 3G
• Bluetooth
• Wi-Fi
• 4G
• 5G
• RF
• Infrared

Breakup by Deployment Mode:

• Public Cloud
• Private Cloud
• Hybrid Cloud

Breakup by Application:

• Industrial Cloud Robotics
• Service Cloud Robotics
• Personal Service Cloud Robotics

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

• ABB Group
• Calvary Robotics
• CloudMinds
• FANUC Corporation
• inVia Robotics Inc.
• Kuka AG (Midea Group)
• Ortelio Ltd
• Rapyuta Robotics Co. Ltd.
• Universal Robots A/S (Teradyne Inc.)
• V3 Smart Technologies
• Yaskawa Electric Corporation

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Tags: Cloud Robotics Market, Cloud Robotics Market Size, Cloud Robotics Market Trends, Cloud Robotics Market Growth, Cloud Robotics market share