Study papers on Cloud Robotics market and regional forecast. Cloud Robotics market players are Amazon Robotics (US), Google (US), Huawei (China), IBM (US), Microsoft (US), C2RO (Canada), CloudMinds (US), Hit Robot Group (US), V3 Smart Technologies (Singapore), Rapyuta Robotics (Japan), Ortelio (UK), Tend (US).
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cloud robotics market is expected to grow from USD 2.20 billion in 2017 to USD 7.51 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period.
The proliferation of the cloud technology, broad spectrum use of wireless technologies, increase in the adoption of IoT, and advancements in AI are some of the factors that are expected to drive the growth of the global cloud robotics market. However, privacy and security concerns, and high initial costs and R&D expenses may hinder the market growth.
- Software vendors
- Machine-to-Machine (M2M) and telecom providers
- Internet of Things (IoT) platform/middleware providers
- Device and sensor providers
- Cloud platform providers
- Third-party integration providers
- Consultancy firms and advisory firms
- Robot manufacturers
- Investors and venture capitalists
- Value-added Resellers (VARs)
- Software and application developers
- Government agencies
The APAC region includes emerging economies, such as China, Japan, Singapore, South Korea, and India. The enterprises in these economies are using cloud robotics solutions and services to streamline their business processes. The APAC region is expected to grow at the highest CAGR during the forecast period. As the region houses a large number of manufacturing units that are gradually embracing the adoption of advanced technologies, such as cloud robotics, it is expected to offer potential growth opportunities for the cloud robotics vendors. On the other hand, North America is estimated to have the largest market size in the cloud robotics market in 2017.
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In the services segment, the training and support services segment is expected to grow at the highest CAGR during the forecast period. These services are designed to provide a wide range of service offerings that help meet the specific needs of customers who require maximum benefits from their hardware and software. These services also assist the robot manufacturers and integrators in successfully implementing the cloud robotics solutions.
In the service model, the PaaS segment is expected to have the highest CAGR during the forecast period. This is because, it enables enterprises to develop, run, and manage software and tools, without the hassle of maintaining and updating the hardware and software infrastructure. Enterprises of all sizes are globally adopting the Paas segment, because of its simplicity, scalability, and reliability. In addition to this, PaaS applications have a high adaptability rate, because they have the latest features, such as easy upgradation.
2 Prominent Players Operating in the Cloud Robotics Market
3 Competitive Scenario
3.1 Partnerships, Agreements, and Collaborations
3.2 New Product/Service Launches
3.3 Business Expansions
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The cloud robotics market has been segmented on the basis of components (software and services), service models, applications, deployment models, end-users (verticals and third-party users), and regions. A detailed analysis of the key industry players has been done to provide insights into their business overview; products and services; key strategies; new product launches; partnerships, agreements, and collaborations; expansions; and the competitive landscape associated with the global cloud robotics market.
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