Cloud Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

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Cloud Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

Status : March, 2020 | Technology & Media | PPT format

Report Digest


Global Cloud Robotics Market: Snapshot

Cloud robotics leverages remote computing resources for greater memory, collective learning, computational power, and interconnectivity for applications in robotics. Those come in especially handy when storage or computational demands surpass on-board capacity. Massive resources in a datacenter are a great way to supplement the limited local resources.

Cloud robotics in the past few years has disrupted the functioning of robots drastically. From the single-purpose robotics of that could vacuum floors or wash dishes to the much smarter, better, faster versions that have their own neural networks, ability to process data, process language, recognize, and so on – cloud computing has completely changed the face of robotics.

The biggest USP of cloud is that it does not require the robot to learn any other task which a connected robot has. It can simply download the information. This interconnectedness let robots work together seamlessly by automatically coordinating their functions.

The most prominent example of cloud robotics is the self-driving cars of Google. Those accumulate data from Google Maps and images that are stored in the cloud to navigate the immediate surroundings and move ahead. Those also are important means of gathering information on road and traffic which are then sent back to the cloud for processing.

The market for cloud robotics is expected to explode in the next couple of years with both large companies and small startups betting big on new and innovative applications. Going forward, with the help of smartphones and fitness bands one would be able to interact with the robots seamlessly. App stores would be developed for robots with everything being automated. Most importantly, hardware is expected to become smaller and prices less. All these will have a tremendous positive impact on the market, alongside manufacturing units lapping those up.

Global Cloud Robotics Market: Overview

The global cloud robotics market is benefitting from the advent of cloud connected robots and expansion of their applications. This coupled with advancements in cloud technology is leading to the uptake of cloud robotics. In addition, rising trend of automation of several industry verticals such as manufacturing, agriculture, defense and logistics, and healthcare will elevate demand for cloud robotics.

Global Cloud Robotics Market: Key Trends

The demand for cloud robotics is primarily driven by the rising trend of automation across several industry verticals. The need to enhance the efficiency of industrial processes is leading to automation, which in turn is creating opportunities for deployment of cloud robotics. Cloud connected robots use electrical, mechanical, and software systems to deliver higher accuracy, precision, and speed, hence their installation is likely to increase in the future.

Further, rapid advancements in artificial technology are likely to open growth opportunities for the global cloud robotics market in the upcoming years. Besides this, expansion of cloud computing and big data analytics will stoke growth of the cloud robotics market.

However, the cloud robotics market could face cutbacks due to several factors. Despite several growth opportunities, cloud robotics poses risks of security threats and data theft that could limit the market’s growth to some extent. Cloud robotics deals with critical information from clients as well as their personal data, which in the event of hacking puts personal information as well security of individuals at risk.

Nevertheless, the market is foreseen to be benefitted by the emergence of advanced technologies such as 5G. The deployment of cloud robotics necessitates reliable and unbroken connectivity so as to ensure that robots carry out their task efficiently regardless of the environment where they function. With the emergence of 5G technology, cloud robotics will be benefitted by a reliable platform to reach a wider audience.

Besides this, recent developments in robotic applications will boost the expansion of cloud robotics market in the future.

Global Cloud Robotics Market: Market Potential

In an unusual move, Chinese online retailer JD.com have forayed into the autonomous driving space. With this move, the Beijing based company has joined the bandwagon with technology giants Google and Baidu that have been pumping vast sum of money for developing self-driving technology along with established car makers.

The online retailer will pump in US$1.5 billion in a project in Changsha, and have signed a contract with the Changsha government along with other companies in new projects pertaining to driverless technology, artificial intelligence, and robotics and the cloud.

Global Cloud Robotics Market: Geographical Analysis

The report classifies the global cloud robotics market in terms of geography into: North America, Europe, Asia Pacific, South America, and the Middle East and Africa. As per the report analysis, North America held supremacy in the market in 2015 vis-à-vis revenue; however, Asia Pacific will display the leading CAGR of 33.9% between 2016 and 2024. China and India will emerge as key domestic markets in Asia Pacific due to rising trend of adoption of advanced technology.

Global Cloud Robotics Market: Competitive Landscape

Kuka Robotics, ABB Group, Fanuc Corporation, Cavalry Robotics, and Wolf Robotics are the handful of companies that hold command due to global presence in the cloud robotics market. This amounts to limited competition in this market. However, in the upcoming years, the entry of regional players will limit the expansion of market leaders due to customer loyalty issues.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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