Global Cloud Robotics Industry By End-Users (Manufacturing, Military and Defense, Retail/e-commerce, Healthcare and Life Sciences), and By Type (Industrial Robot, Service Robot) - Global Size Analysis and Market Forecast 2019-2025. Global Cloud Robotics Industry was valued at USD 2.44 Billion in the year 2017. Global Cloud Robotics Industry is further estimated to grow at a CAGR of 29% from 2019 to reach USD 18.69 Billion by the year 2025.
Cloud robotics is based on a model where remote computing resources enable higher memory, computational power, collective learning, and interconnectivity for robotics application. It can be classified as hardware, software, and services
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The global Cloud Robotics Industry is segmented on the basis of Type, By End-Users, and by region.
Growing penetration of the IoT and investments in robotics have been the major contributors to the growth of industrial robotics. On the basis of End-Users, the Industry is segmented as Manufacturing, Military and Defense, Retail/e-commerce, Healthcare and Life Sciences and Others (Personal Assistance, Entertainment) in which Manufacturing segment holds the highest Industry share in the forecasted period.
Major market players in Cloud Robotics Industry are Amazon Robotics, Google, Huawei, IBM, Microsoft, C2RO, Cloudminds, Hit Robot Group, V3 Smart Technologies, Tend, and brief information of 10 companies will be provided in the report. Rising research and development expenses to address the changing demand of end users.
Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
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SWOT Analysis of Cloud Robotics Industry:
Proliferation of the Cloud Technology.
Broad Spectrum Use of Wireless Technologies and Smart Devices
Data Privacy and Security Concerns
High Initial Costs and R&D Expenses
Increase in the Use of Robots for Industrial Automation
Rise in Demand for Robotics-As-A-Service (RaaS)
Longer Time to Commercialize the Robots
North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At the country level, China is the major industries in the Asia Pacific region and holds a substantial Industry share in 2017 and it is projected to grow at a gradual pace in the coming years.
China is one of the biggest industries for robotics in the world. According to the IFR, 29% of the total supply of industrial robots in 2016 were installed in China.
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Cloud Robotics Industry Segmentation:
• Military and Defense
• Healthcare and Life Sciences
• Others (Personal Assistance, Entertainment)
• Industrial Robot
• Service Robot
• North America
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East & Africa
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