The growth of the market
for Cloud Robotics is driven by the Enhanced growth in the use of smart phones
and wireless technologies and Growth in need for IoT and machine learning
technologies
Market Size – USD 2.21
billion in 2018, Market Growth - CAGR of 13.4%, Market Trends – Penetration of
IoT technologies.
The Cloud
Robotic market is expected to
grow from USD 2.21 billion in 2018 to USD 9.41 billion by 2026, at a CAGR of
13.4% during the forecast period. The driving factor for growth being the
enhanced growth in use of smart phones and wireless technologies and the
growing penetration of IOT.
Cloud robotics is a part
of robotics that uses cloud technologies like cloud storage, cloud computing,
etc. It is used for the processing and sharing of information from other
machines or humans. With the advancement of technology and involvement of IoT,
cloud robotics has become an important part of the day to day life. It has made
the human life easier by its easy use to implement tasks through the
involvement of the network. The features of cloud computing allows the robot
system to implement work faster by reducing the cost and help in building low
cost, light weight and smarter robots. Many industries are using the cloud
robotics in order to grow the business for a smarter and more advanced world.
Players will require
increased investments to tackle these challenges and facilitate growth in the
coming years. This report comprises drivers, restraints, opportunities, and
challenges pertaining to the Cloud robotics market; and extensive value chain
analysis, patent analysis, analysis of the current manufacturing capability and
technology status, commercialization potential in different devices, along with
market size forecasts till 2026.
The report “Cloud Robotics Market By Mode Of
Deployment (Public Cloud, Private Cloud, Hybrid Cloud), Type Of
Application (Industrial Robot, Military Robot, Consumer Robot And Commercial
Robot), Industry (Banking & Financial, Defense, Government, Transport And
Logistics, Healthcare & Life Sciences, Education) And Geography - Global
Forecast 2026” is available now to Reports and Data customers and can also
be purchased directly at: https://www.reportsanddata.com/sample-enquiry-form/1082
Further key findings from the report suggest
- The Cloud Robotic market is
expected to grow from USD 2.21 billion in 2018 to USD 9.41 billion by
2026, at a CAGR of 13.4% during the forecast period.
- The driving factor for growth
being the enhanced growth in use of smart phones and wireless technologies
and the growing penetration of IOT.
- Based on deployment type, the
market is segmented as on private cloud, public cloud and hybrid cloud.
The cloud deployment uses less expensive algorithms to perform along with
the features of being flexible, easy and quite affordable, which makes it
the faster growing deployment type accepted by various industries than the
on premise. The installation and maintenance cost is also affordable than
the on premise
- Based on Application type, the
market is segmented as industrial, military, consumer and commercial. The
industrial and military sectors uses both aerial and land based robots.
The robots are used to perform many repetitive and dangerous tasks. The
adoption and usage of cloud robotics will increase rapidly in the future
due the involvement of IoT and AI.
- The Industry types are
Financial and Banking, IT, Healthcare, Retail, Education, Government,
Telecom & logistics, Hospitality & life science. The cloud
robotics is becoming popular along with the involvement of IoT and AI. It
helps to make the functions of a simple robot more efficient by the use of
cloud computing as an extra source for memory and processing. The cloud
robotics in the field of healthcare and life sciences is expected to bring
the highest growth of 4%. It is use for several purposes such as keeping
the electronic medical records, monitoring health conditions of a patient,
analytics services, clinical solutions, e.t,c. The robot can connect to
the cloud to provide clinical assistance for patients. Moreover, it can
also provide collaboration service by sharing the information between
doctors and patients.
- Some of the Key players in the
Cloud robotics market are Google (US), CloudMinds (US), IBM (US), Hit
Robot Group (US), C2RO (Canada), Amazon Robotics (US), V3 Smart
Technologies (Singapore), Microsoft (US), Huawei (China), Ortelio
(UK),and Tend (US).
Purchase full Cloud Robotics Market report covered with
tables and figures for better illustration@ https://www.reportsanddata.com/checkout-form/1082
For the purpose of this report, the market has
been segmented on the basis of Mode of deployment, type of application,
industry and region:
- Deployment model (Revenue, USD
Million; 2016–2026)
- Private cloud
- Public Cloud
- Hybrid cloud
- Type of Application (Revenue,
USD Million; 2016–2026)
- Industrial
- Military
- Consumer
- Commercial
- Industry (Revenue, USD Million;
2016–2026)
- Banking & Financial
services
- IT & Telecom
- Healthcare & life science
- Government
- Education
- Defenses
- Regional Outlook (Revenue, USD
Million; 2016–2026)
- North America
- US
- Canada & Mexico
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Rest of the World
- South America
- Middle East and Africa
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