Cloud Robotics Market Definition
Cloud robotics is an emerging field of robotics rooted in cloud computing, cloud storage, and other Internet technologies centered around the benefits of converged infrastructure and shared services. It allows robots to benefit from the powerful computational, storage, and communications resources of modern data centers. In addition, it removes overheads for maintenance and updates, and reduces dependence on custom middleware. The global cloud robotics market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising implementation of cloud-based technologies for automation across different end use industries and growing adoption of robotics-as-a-service (RaaS) are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few year but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is broken down, by Application (Industrial Robots, Consumer Robots, Military Robots and Commercial Robots) and major geographies with country level splits.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cloud Robotics market throughout the predicted period.
Amazon Robotics (United States), C2RO (Canada), CloudMinds Technology Inc. (United States), Google LLC (United States), HIT Robot Group (United States), Huawei Technologies Co., Ltd. (China), IBM (United States), Microsoft (United States), Ortelio Ltd (United Kingdom), Rapyuta Robotics (Japan), Tend.ai Inc. (United States) and V3 Smart Technologies (Singapore) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Cloud Robotics market by Type, Application and Region.
On the basis of geography, the market of Cloud Robotics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service Model, the sub-segment i.e. Infrastructure-as-a-Service (IaaS) will boost the Cloud Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Manufacturing will boost the Cloud Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Public Cloud will boost the Cloud Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Cloud Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In June 2018, Microsoft announced that it has completed the acquisition of AI startup Bonsai which is specialized in reinforcement learning for autonomous systems.
Stringent Worldwide Government Regulations Regarding Shutting Down the Production & Services Across Different Countries of the World to Avoid the Spread of COVID-19
- Increase in the Adoption of IoT and Advancements in AI and Machine Learning Technologies
- Rising Implementation of the Cloud-based Technology
- Rapid Increase in the Adoption of Wireless Technologies and Smart Devices
- Increasing Demand for Automation Across Different End Use Industries
- Rise in Demand for Robotics-As-A-Service (RaaS)
- Industry 4.0 is Expected to Create Huge Opportunities for Market Vendors During the Forecast Period Propelled by Rising Use of Robots for Industrial Automation
- Longer Time to Commercialize the Robots
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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