USD 5.86 billion
Cloud Robotics Market Size, Share, Growth Analysis, By Component(Software, Services (Consulting Services, Implementation Services, Training and Support Services)), By Service Model(Infrastructure-As-A-Service, Platform-As-A-Service, Software-As-A-Service), By Application(Industrial Robots, Consumer Robots, Military Robots, Commercial Robots), By Deployment Model(Public Cloud, Private Cloud, Hybrid Cloud), By End-User(Verticals (Manufacturing, Defense, Banking, Financial Services), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45A2215 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|Tables:
121
|Figures:
77
Cloud Robotics Market Insights
Cloud Robotics Market size was valued at USD 7.6 billion in 2022 and is poised to grow from USD 9.77 billion in 2023 to USD 72.6 billion by 2031, growing at a CAGR of 28.50% during the forecast period (2024-2031).
The evolution of cloud-based Artificial Intelligence (AI) and connectivity stands as a key using force shaping the trajectory of the cloud robotics marketplace within the forecast period. Major era entities have made giant strides in growing AI-infused structures, main to vast adoption.
Consequently, these providers' investments inside the robotics quarter are poised to spark innovation, ushering in new answers inside the realm of cloud robotics.
The convergence of robotics, teleoperation, Multi-Access Edge Computing (MEC), and center cloud technology represents a transformative shift with profound implications across various enterprise verticals, basically changing employer operations, business processes, and purchaser offerings. This convergence is set to seriously increase purpose-constructed and widespread-cause robotics segments, wherein cloud operations will synergize with terrestrial and aerial robots.
In the wider spectrum, there may be an anticipation of mass consumerization as give up-customers increasingly include self-sufficient and faraway-control robots for an array of personal provider obligations, signifying a paradigm shift in patron reviews and expectations.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Software
Fastest Growth
Software-As-A-Service
Growth Rate
28.1% CAGR
Global Cloud Robotics Market ($ Bn)
Country Share for North America Region (%)
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Cloud Robotics Market Segmental Analysis
Global Cloud Robotics Market is segmented by Component, Service Model, Application, Deployment Model, End-User, and Region. Based on Component, the market is segmented into Software, and Services. Based on Service Model, the market is segmented into Infrastructure-As-A-Service, Platform-As-A-Service, Software-As-A-Service. Based on Application, the market is segmented into Industrial Robots, Consumer Robots, Military Robots, and Commercial Robots. Based on Deployment Model, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on End-User, the market is segmented into Verticals, Third-Party Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Cloud Robotics Market Analysis by Component
As of 2023, the solution segment commands an outstanding 80% of the market percentage in cloud robotics, indicative of the considerable call for and reliance on these progressive answers. Industries are more and more acknowledging the transformative impact of cloud robotics answers, propelling their adoption throughout various sectors. The attraction of connecting robots to the cloud lies in its ability to provide scalability, sturdy statistics, analytics capabilities, and real-time updates, as a consequence using giant traction across key industry verticals including production, healthcare, logistics, and agriculture.
The software phase stands as a keystone in the cloud robotics market, gambling a pivotal role in driving innovation and functionality across this transformative landscape. Software paperwork is the backbone of cloud robotics, facilitating the seamless integration and orchestration of robot systems with cloud-based systems. These software solutions allow the green management, management, and coordination of robotic operations remotely through cloud connectivity.
Cloud Robotics Market Analysis by Application
The business quarter stands poised as an extensive driving force propelling the boom of the marketplace, primarily because of its full-size usage throughout diverse business packages. Robots locate tremendous use in important features including welding, cutting, grinding, portraying, and fabric managing, bolstering efficiency and precision in industrial operations. Anticipated in the upcoming years is a great adoption of wise manufacturing technologies inside various manufacturing sectors. This adoption encompasses robotics, automation, synthetic intelligence (AI), and cloud computing, all geared toward augmenting manufacturing performance, fostering competitiveness, and attaining operational excellence.
The carrier section within the cloud robotics marketplace plays a vital function in augmenting the functionality and efficacy of those advanced systems. This phase incorporates a spectrum of offerings together with upkeep, aid, consulting, and schooling, vital for optimizing the overall performance and toughness of cloud robotics answers. Service companies offer comprehensive aid offerings, ensuring seamless integration, troubleshooting, and continuous upkeep of cloud-linked robot systems.
Global Cloud Robotics Market By Component
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Cloud Robotics Market Regional Insights
During the forecast length, North America is projected to assert the dominant proportion within the cloud robotics market, normally thanks to several key elements. The region's prominence stems from web hosting a majority of leading carriers like IBM, Microsoft, Google, and Amazon Robotics, pivotal players renowned for his or her contributions to cloud robotics. Additionally, North America is anticipated to spearhead the marketplace due to its standing as the most advanced area in cloud infrastructure, synthetic intelligence (AI), and machine getting to know technology.
The Asia-Pacific showcases a growth driven with the aid of the increasing attainment of cloud computing and the great integration of robotics and automation throughout numerous quit-consumer industries. This location reports a sizable surge in automation adoption, in particular witnessed in key countries which include China, India, and Japan, surpassing global prices. The rapid pace of automation adoption in these international locations underpins the place's market enlargement.
Global Cloud Robotics Market By Region
- Largest
- Fastest
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Cloud Robotics Market Dynamics
Cloud Robotics Market Drivers
Rising Demand for Industrial Robotics
- The evolution of cloud computing, big statistics analytics, and other emergent technologies has facilitated a large integration between cloud technology and robotic systems. This integration has unlocked the functionality to craft multi-robotic systems boasting incredible performance and complexity. The burgeoning adoption of the Internet of Things (IoT) and full-size investments in robotics have emerged as principal catalysts propelling the enlargement of industrial robotics.
Cloud Robotics Market Restraints
Lack of Skilled Workforce
- A sizable hurdle hindering the growth trajectory of the robotics market is the scarcity of a professional body of workers. The complex nature of growing and deploying robots demands adept professionals proficient in designing, programming, and retaining these complicated structures. However, the enterprise faces an extraordinary scarcity of professional people specialized in this subject, impeding the seamless progression of the robotics market. This shortage of skilled professionals has emerged as a crucial bottleneck, obstructing the industry's ability for growth and innovation.
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Cloud Robotics Market Competitive Landscape
The competitive environment of the global cloud robotics market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Cloud Robotics Market Top Player’s Company Profiles
- Amazon Robotics (US)
- Google (US)
- Huawei (China)
- IBM (US)
- Microsoft (US)
- C2RO (Canada)
- Cloudminds (China)
- Hit Robot Group (China)
- V3 Smart Technologies (Canada)
- Rapyuta Robotics (Japan)
- Ortelio (US)
- Tend (US)
- ABB Ltd. (Switzerland)
- NVIDIA Corporation (US)
- KUKA AG (Germany)
- Omron Corporation (Japan)
- Robot Operating System (ROS) - Open Source (Global)
- Fetch Robotics, Inc. (US)
- SoftBank Robotics (Japan)
- Blue Ocean Robotics (Denmark)
- Cyberdyne Inc. (Japan)
- Yaskawa Electric Corporation (Japan)
Cloud Robotics Market Recent Developments
- In August 2022, Hyundai Motor Group made a tremendous contribution of USD 400 million closer to the status quo of the Boston Dynamics AI Institute, aiming to propel improvements in AI and robotics. The institute's middle assignment revolves round fostering essential development in synthetic intelligence, robotics, and wise machine technology. Its strategic recognition is on cognitive AI, athletic AI, and organic hardware design, every committed to pushing the limits of fairly state-of-the-art machines. This vast investment underscores Hyundai's commitment to riding innovation in AI and robotics, aiming to liberate new frontiers in technological development and gadget talents.
- In August 2022, Max Super Speciality Hospital in Mohali delivered the Da Vinci Xi Surgical Robot, showcasing modern-day generation in India's healthcare landscape. This groundbreaking addition aligns with healthcare providers' commitment to prioritize affected person-targeted care, granting sufferers entry to top-tier scientific treatment. The incorporation of the Da Vinci Xi Surgical Robot represents a giant soar forward in imparting patients advanced and specific scientific interventions, underscoring a dedication to enhancing healthcare standards and leveraging contemporary era for progressed affected person effects.
Cloud Robotics Key Market Trends
- The fast progress in AI and system studying has heralded a new technology of opportunities in the robotics market. Integrating these contemporary technologies with robots has revolutionized their competencies, permitting them to execute difficult duties with incredible precision and efficiency. This integration has paved the manner for a transformative shift, empowering robots to adopt complex operations that had been once deemed difficult or unfeasible. Particularly, the emergence of collaborative robots, referred to as cobots, has substantially extended the spectrum of applications in which robots can be efficiently deployed.
Cloud Robotics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global cloud robotics marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. Over the past decade, business robotics has experienced an exponential surge in call for, predominantly propelled by the significant adoption of clever factory structures. This evolution has ushered in a brand new era where business robots, through continuous advancements, have attained excellent ranges of overall performance. Programmed robots, as a result of ongoing development, have done unheard of heights in various important components of real-time applications. Their skills now encompass top notch stages of accuracy, robustness, and compatibility with various operational environments.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.6 billion |
| Market size value in 2031 | USD 72.6 billion |
| Growth Rate | 28.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cloud Robotics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cloud Robotics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cloud Robotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cloud Robotics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cloud Robotics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cloud Robotics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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