Cloud Robotics Market Share
What industry-specific factors are fueling the growth of the cloud robotics market?
The surge in industrial automation with robots and the escalating demand for robotics-as-a-service (RaaS) are key driving forces for the cloud robotics market. There’s a visible tilt in the automotive sector towards a robot-as-a-service model, fuelled by growing labor costs, a shortage of labor, and a decrease in the pricing of robotic systems. For instance, data from the Association for Advancing Automation (A3) suggests that there will be a 17% increase in the use of cloud computing from 2018 to 2025. Industrial businesses and factories in North America have already placed orders for an unprecedented 29,000 robots in the initial nine months of 2021, marking a 37% increase from the prior year. Consequently, the continual growth in the application of robots for industrial automation and the heightened demand for robotics-as-a-service (RaaS) are indeed steering the market growth for cloud robotics.
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What Is the projected market size and growth rate for the cloud robotics market?
In recent times, there has been a substantial expansion in the size of the cloud robotics market. It is predicted to expand from $11.2 billion in 2024 to $14.08 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 25.7%. Various factors are responsible for this growth during the historic period, including the cost-effectiveness and scalability of cloud robotics, their data storage and processing abilities, the globalization of supply chains, measures for security and data privacy, and capabilities for remote observation and maintenance.
The market size for cloud robotics is forecasted to witness a prolific expansion in the upcoming years, reaching a size of $39.07 billion by 2029 at an impressive compound annual growth rate (CAGR) of 29.1%. The predicted growth within this period is largely credited to factors like the structure of decentralized cloud robotics, an emphasis on energy efficiency, the rise of robotic process automation (RPA), individual customization, and the development of modular robotics. Key trends expected during this forecast period involve the implementation of 5G for high-speed, low latency communication, the incorporation of edge computing, the emergence of Robotics as a Service (RaaS) models, the use of digital twins for simulation and training purposes, and the broad adoption across multiple industries.
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What new trends are reshaping the cloud robotics market and its opportunities?
The upsurge in technological progress is a primary trend gaining traction in the cloud robotics sector. Major players in this market are prioritizing wider implementation of robotics and automation to establish a stronger foothold. For example, in November 2022, Amazon Web Services (AWS) introduced AWS IoT RoboRunner, a system for managing robotic fleets that aims to turbocharge interconnectedness in the realm of robotics. This service enables businesses to control a variety of robots from multiple manufacturers via a unified platform, thereby tackling a major hurdle in rolling out robotics.
What major market segments define the scope and growth of the cloud robotics market?
The cloud robotics market covered in this report is segmented –
1) By Implementation Type: Peer Based, Proxy Based, Clone Based
2) By Deployment Type: Private Cloud, Public cloud, Hybrid cloud
3) By End-User Industry: Manufacturing, Military and Defense, Retail and E-Commerce, Healthcare and Life Sciences, Other End-User Industries
Subsegments:
1) By Peer Based: Collaborative Robotics, Multi-Robot Coordination, Distributed Learning Systems
2) By Proxy Based: Remote Control Robotics, Telepresence Robots, Cloud-Connected Interfaces
3) By Clone Based: Virtual Robot Cloning, Simulation And Testing Environments, Digital Twin Technology
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Which region dominates the cloud robotics market?
North America was the largest region in the cloud robotics market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the cloud robotics industry growth?
Major companies operating in the cloud robotics market include ABB Ltd., Microsoft Corporation, IBM Corporation, C2RO Cloud Robotics Inc., Amazon Robotics LLC,Calvary Automation Robotics LLC,CloudMinds,Fanuc Corporation,Google LLC,Hit Robot Group Co Ltd.,Huawei Technologies,Kuka AG,Ortelio Ltd.,Rapyuta Robotics Co. Ltd.,Rockwell Automation Inc.,V3 Smart Technologies PTE Ltd.,CNC Robotics Ltd.,Robocloud Co. Ltd.,Relativity Space,Arrow Electronics Inc.,Boston Dynamics,Clearpath Robotics,Fetch Robotics Inc.,Grey Orange Pte. Ltd.,Locus Robotics,Omron Adept Technologies,Rethink Robotics,Sarcos Robotics,Soft Robotics,Universal Robots
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What Is Covered In The Cloud Robotics Global Market Report?
•Market Size Forecast: Examine the cloud robotics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cloud robotics market for a structured understanding.
•Key Players Overview: Analyze major players in the cloud robotics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cloud robotics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cloud robotics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cloud robotics market.
•Industry Challenges: Identify potential risks and obstacles affecting the cloud robotics market.
•Competitive Landscape: Review strategic developments in the cloud robotics market, including expansions, agreements, and new product launches.
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