What is the global market size of Cloud Robotics Market?

Cloud Robotics Market size was valued at USD 5.86 billion in 2021 and is poised to grow from USD 7.51 billion in 2022 to USD 54.45 billion by 2030, growing at a CAGR of 28.1% in the forecast period (2023-2030).

Who are the key vendors in the Cloud Robotics Market?

The competitive environment of the 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. 'Fanuc Corporation (Japan)', 'Yaskawa Electric Corporation (Japan)', 'ABB Ltd. (Switzerland)', 'Kuka AG (Germany)', 'Kawasaki Heavy Industries Ltd. (Japan)', 'Mitsubishi Electric Corporation (Japan)', 'Denso Corporation (Japan)', 'Nachi-Fujikoshi Corp. (Japan)', 'Omron Corporation (Japan)', 'Universal Robots A/S (Denmark)', 'FANUC America Corporation (US)', 'Epson Robotics (Japan)', 'Staubli International AG (Switzerland)', 'YRG Inc. (US)', 'Comau S.p.A. (Italy)', 'Northrop Grumman Corporation (US)', 'Honda Motor Co., Ltd. (Japan)', 'Seiko Epson Corporation (Japan)', 'Yamaha Motor Co., Ltd. (Japan)', 'Adept Technology, Inc. (US)'.

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 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.

Cloud Robotics Market Report Snapshots

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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 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. '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)'

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.

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.

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.

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Cloud Robotics Market Dynamics

Cloud Robotics Market Report Snapshots

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What is the global market size of Cloud Robotics Market?

Who are the key vendors in the Cloud Robotics Market?

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Which region accounted for the largest share in Cloud Robotics Market?

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