PUBLISHER: Allied Market Research | PRODUCT CODE: 1140194
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140194
Cloud robotics refers to the use of offsite computing resources to increase robotics systems' memory, processing capability, collective learning, and interconnectivity. Cloud robotics enables robots to take advantage of modern data centers' tremendous computing, storage, and communication resources to increase their efficiency and speed. Moreover, critical business industries such as logistics, security and surveillance, personal help and care, education, entertainment, and manufacturing, have witnessed a significant increase in the number of applications for cloud robotics solutions.
Rise in demand for work from home and remote working tools during the period of the COVID-19 pandemic aided in propelling the growth of the global cloud robotics market. However, the complex security and privacy challenges of the cloud robotics platforms can hamper the cloud robotics market forecast. On the contrary, a positive drive toward centralized monitoring and control of industrial tools is expected to offer remunerative opportunities for expansion of the cloud robotics market during the forecast period.
The cloud robotics market is segmented on the basis of component, service model, robot type, enterprise size, industry vertical, and region. On the basis of component, the industry is divided into software and services. Depending on the service model, the market is classified into IaaS, PaaS, and SaaS. Based on robot types, the market is segmented into industrial robots and service robots. On the basis of enterprise size, the industry is segmented into large enterprises and small & medium enterprises. The industry vertical covered in the study include manufacturing, healthcare, aerospace & defense, media & entertainment, logistics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global cloud robotics market is dominated by key players such as ABB, Amazon Robotics, C2RO, Calvary Robotics, CloudMinds, Fanuc Corporation, Google, Hit Robot Group, Huawei, IBM, Kuka AG, Microsoft, Ortelio Ltd., Rapyuta Robotics Co. Ltd., Rockwell Automation Inc., V3 Smart Technologies, and XTend Robotics. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
Key Market Segments
By Component
By Service Model
By Robot Type
By Enterprise Size
By Industry Vertical
By Region