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, e.t.c. 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.
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).
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Further key findings from the report suggest
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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)
Type of Application (Revenue, USD Million; 2016–2026)
Industry (Revenue, USD Million; 2016–2026)
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Regional Outlook (Revenue, USD Million; 2016–2026)
Finally, all aspects of the Cloud Robotics market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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