Market Insights: Global Cloud Robotics Market is forecast to reach US$21.94 bn 2016-2024

This report aims to provide a comprehensive strategic analysis of the global cloud robotics market along with revenue and growth forecasts for the period from 2014 to 2024. With advancements in cloud robotics and rising demand for cloud robotics in industrial sectors such as manufacturing and transportation & logistics, the cloud robotics market is expected to experience high growth in the coming decade. Some of the factors supporting the growth of the market worldwide include the proliferation of cloud computing technology and growing need for automation in developing regions such as Asia Pacific, high demand from the manufacturing sector, advent of industry specific cloud robotics in developed regions such as North America & Europe and increasing awareness of cloud based Robotics. The impact of these and other macro-micro economic factors has been analyzed while developing the market growth models.

This research study on the global cloud robotics market provides a detailed analysis of cloud robotics deployed for different applications by end-users depending upon their needs. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the study identifies various trends prominent in the industry and are expected to influence the market growth during the forecast period from 2016 to 2024.

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It includes a comprehensive coverage of the underlying economic and technological factors influencing the cloud robotics market growth. It provides the competitive landscape of key players in the cloud robotics market in order to highlight the state of competition therein. The report also provides a detailed competitive analysis of the key players in the market and identifies various business strategies adopted by them. The study explains the penetration within each market segment across various geographies, and how these segments have accelerated the growth of the market as a whole.

Global Cloud Robotics Market: Key Segments

The global cloud robotics market is analyzed by segmenting it on the basis of component, implementation type, connectivity technology and application. Based on component, the market is classified into hardware, software and services. The software segment further classified into infrastructure as a service (IaaS), robotics as a service (RaaS) & platform as a service and robotic application software. Furthermore, services segment is fragmented into system integration, connectivity service and other professional services. The implementation types covered in the report are peer based, proxy based and clone based. In terms of connectivity technology, the global cloud robotics market is segmented into Bluetooth, WI-Fi, 3G, 4G, 5G, RF and Infrared. The application segment is classified into industrial cloud robotics which includes automotive, defense, manufacturing, transportation & logistics and others, professional service cloud robotics which includes agriculture, healthcare (hospitals & clinics), aerospace (travel & tourism), retail & others and personal service cloud robotics which includes entertainment, education, personal healthcare and others.

Geographically, the global market for cloud robotics has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. The market size and forecast for each region has been provided for the period from 2014 to 2024 along with the CAGR (%) for the forecast period from 2016 to 2024. The analysis by component, implementation type, connectivity technology, application and region helps in evaluating the present scenario and growth prospects of the cloud robotics market over the forecast period from 2016 to 2024.

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Global Cloud Robotics Market: Competitive Landscape

A list of recommendations have been provided for new entrants to help them establish a strong presence and for existing market players to take strategic decisions and strengthen their market position in the global cloud robotics market. The report concludes with the profiles of major players in the cloud robotics market on the basis of various attributes, such as company overview, financial overview, business strategies, SWOT analysis, segment presence, and recent developments.

The major players profiled in this report include Kuka AG, ABB Group, Fanuc Corporation, Yaskawa Electric Corporation, Tend.ai, Rapyuta Robotics Co. Ltd., Universal Robotics A/S, Rockwell Automation, Inc., Calvary Robotics, HotBlack Robotics Srl, Motion Controls Robotics, Wolf Robotics LLC, Tech Con Automation Inc., Matrix Industrial Automation and Automation IG, among others.

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