PUBLISHER: Allied Market Research | PRODUCT CODE: 1225128
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225128
The notion of the "Internet of Robotic Things" describes a network of intelligent devices that can observe events, combine sensor data from various sources, apply intelligence to decide on the best course of action, and move physical items. The Industrial Internet of Things, intelligent networking, cloud computing, artificial intelligence, digital twins, distributed ledger technology, and many more are the technologies that are most frequently employed in the IoRT.
Surge in adoption in e-commerce sector and rise in implementation of new technologies integrated with robotics for industry 4.0 primarily drive growth of the Internet of robotics things market. However, expensive R&D and maintenance and product development is a time consuming process hamper the market growth to some extent. Moreover, increasing deployment of robotics in education and health industry are expected to provide lucrative opportunities for the market growth during the forecast period.
The IoRT market is segmented on the basis of component, software type, platform, type, end user, and region. On the basis of component, it is segregated into software, and service. On the basis of software type, it is divided into network bandwidth management, data management, remote monitoring system, security solution, and real time streaming analytics. On the basis of type, it is bifurcated into sensors, actuators, control system, power source and others. On the basis of platform, it is classified into device management platform, application management platform, and network management platform. On the basis of end user, it is segregated into aerospace and defense, automotive and manufacturing, healthcare, food and beverages, logistics, media and entertainment and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include ABB Ltd., Aethon inc., Amazon.com, Bluefin Robotic Corporation, Cisco, ECA Group, FANUC Corporation, Google, Intel corporation, iRobotic Corporation. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.
By Type
By Platform
By Component
By End User
By Software Type
By Region