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Detailed examination of the Global cloud robotics market that is anticipated to reach at a valuation of about USD 3100.1 million by the end of 2024

Global Cloud Robotics Market by Connectivity (Bluetooth, Wi-Fi, 3G, 4G, 5G, RF, Infrared) by Development (Hybrid, Private, Public) by Application (Aerospace, Manufacturing, Education, Logistic, Home, Construction) and Region - Global Forecast to 2024

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Cloud robotics is modern robotics which is used in cloud computing and cloud storage. Cloud robotics makes robots to do many intensive tasks such as image processing, scanning and voice recognition.

Cloud robotics allows robots to access the data and information such as updated image library, maps, product data and others. 

Market Size & Forecast

Global cloud robotics market is anticipated to flourish at a compound annual growth rate (CAGR) of 30.1% over the forecast period.

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Global cloud robotics market is anticipated to reach at a valuation of about USD 3100.1 Million by the end of 2024.

Rising technological advancement of robots and wide adoption of robotics in service sector are some of the major factors expected to propel the growth of global cloud robotics market over the forecast period.

In terms of region, global cloud robotics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.  In terms of market share, Europe region is the biggest market of the cloud robotics .Rising consumer’s awareness towards robotics and presence of some major cloud robotics companies such as Cervi Robotics and Torninova are the major factors which are driving the growth of cloud robotics market in Europe region.

By share, North America region is the second leading market of cloud robotics and is anticipated to witness remarkable growth over the forecast period.

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Apart from this, Asia Pacific region is the fastest growing regional market of cloud robotics and is expected to flourish at a compound annual growth (CAGR) of 34.1% over the forecast period. Japan & China are expected to be the key contributors in growth of cloud robotics in this region.

Middle East & Africa and Latin America regions are also anticipated to grow at a satisfactory growth rate over the forecast period.

Market Segmentation

Our-in depth analysis of the global cloud robotics market includes the following segments:

By End User

  • Industrial
  • Military
  • Commercial
  • Personal

By Connectivity

  • Bluetooth
  • Wi-Fi
  • 3G
  • 4G
  • 5G
  • RF
  • Infrared

By Deployment

  • Hybrid
  • Private
  • Public

By Application

  • Aerospace
  • Manufacturing
  • Education
  • Logistic
  • Agriculture
  • Home
  • Construction

By Region

Global cloud robotics market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers & Challenges

Global cloud robotics market is driven by rising adoption of high-tech machines and their benefits in our personal and professional life. Application of cloud robotics in agriculture sector has made them more intelligent in terms of operation and control.

This advancement in agriculture sector by using cloud robotics is anticipated to propel the growth of global cloud robotics market in near future. Moreover, rising adoption of cloud robotics in defense & security sector for the enhancement of existing security system is a major driver which is likely to foster the growth of global cloud robotics market in near future.

Utilization of cloud robotics for enhancement of old robots in the terms of intelligence and to arm them with skills like walking, running, speaking and others are some of the major reasons driving the growth of cloud robotics market.

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Apart from this, rising adoption of cloud robotics in education sector is likely to foster the growth of cloud robotics market. Cloud robotics has a wide range of applications including manufacturing, logistic, homes and others.

Further, use of cloud robotics in manufacturing sector has resulted in increased production, reduction of human errors, improved quality. These advantages are anticipated to propel the involvement of cloud robotics in manufacturing sector.

Additionally, cloud robotics is used in logistic sector. Expansion of logistic service across the globe is envisioned to bolster the growth of global cloud robotics market over the forecast period.

However, high cost of cloud robotics and lack of user guidance are some major challenges which are restraining the growth of global cloud robotics market. Apart from this, slow adoption rate is also hampering the growth of global cloud robotics market.

Key Players

  • V3 Smart Technology Pvt. Ltd.

o    Company Overview

o    Key Product Offerings

o    Business Strategy

o    SWOT Analysis

o    Financials

  • Hit Robot Group
  • ABB Group
  • Adept Technology
  • Boston Dynamics
  • Fanuc Corporation
  • Rockwell Automation Inc.
  • Rapyuta Robotics Co. Ltd.
  • Universal Robotics A/S
  • Hotblack Robotics Srl
  • Motion Controls Robotics

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global cloud robotics market is segmented as follows:

  • By End User Market Size & Y-O-Y Growth Analysis
  • By Connectivity Market Size & Y-O-Y Growth Analysis
  • By Deployment Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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