New York, June 10, 2022 (GLOBE NEWSWIRE) -- The Insight Partners adds "Cloud Robotics Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Software and Service); Deployment Model (Private, Public and Hybrid); Service Model (SaaS, PaaS and IaaS); and Vertical (Industrial Cloud Robotics, Professional Service Cloud Robotics and Domestic Service Cloud Robotics)" research report to the Technology, Media and Telecommunications category of its store.
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Strategic Insights – Cloud Robotics Market
| Report Coverage | Details |
| Market Size | USD Value in 2021 |
| Market Size | USD Value by 2028 |
| Growth rate | Compound Annual Growth Rate During (2022-2028) |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
| No. of Pages | 150 |
| No. of Tables | Yes |
| No. of Charts & Figures | Yes |
| Historical data available | Yes |
| Segments covered | Component, Deployment Model, Service Model and Vertical |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Rising Demand for Industrial Robotics are expected to the global cloud robotics market growth during the forecast period:
The combination of cloud technology with robotic systems allows for the construction of multi-robot systems with high performance and complexity, thanks to the development of cloud computing, big data, and other developing technologies. The expansion of industrial robots has been fueled by the IoT's increasing penetration and robotics expenditures.
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Due to the implementation of smart factory systems, industrial robotics has seen a surge in demand over the last decade. With the advancement of industrial robots, programmable robots have attained great levels of accuracy, resilience, and compatibility in real-time applications. The adoption of industrial automation is influenced by the availability of small-capacity and cost-effective solutions from small and medium-sized businesses. Aside from that, linking robots, machines, and automation equipment to the cloud allows manufacturers to get the most out of their automation systems in terms of performance and reliability.
Regional Insights: Cloud Robotics Market
During the forecast period, North America is estimated to have the highest share of the cloud robotics market. The reason for this is that the bulk of vendors are situated in North America, including IBM, Microsoft, Google, and Amazon Robotics. In terms of cloud, AI, and machine learning technologies, the area is predicted to account for the majority of market share and is regarded the most advanced region.
Many robotics R&D activities are taking place in the region in order to enhance cloud computing, AI, robotics, and machine learning technologies. Asia Pacific (APAC) is predicted to develop at the fastest rate throughout the forecast period, owing to the region's large number of industrial units that are gradually adopting sophisticated technologies. The cloud robotics market is predicted to rise due to the proliferation of cloud technology, widespread use of wireless technologies and smart devices, increased acceptance of IoT, and advancements in AI and machine learning technologies. However, worries about data privacy and security, as well as expensive starting prices and R&D spending, may stifle market expansion and act as a restraining factor that impedes the industry's business-critical activities.
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Impact of COVID-19 Pandemic on Cloud Robotics Market:
The global market was held back by the COVID19 pandemic. During the pandemic, the global economy's overall rate remained quite low. The lockdown limits brought the manufacturing units to a standstill, causing major supply chain disruptions. To some extent, the supply-demand mismatch widens. Cloud robotics market sales, on the other hand, have had a less impact on the pandemic. Industries were unable to execute manual operations as a result of the lockdown restriction, therefore they shifted their focus to automated robotics technology. The market's worth increased as a result of the shift to automated technology.
Key Recent Developments: Cloud robotics Market
- Sep 2019, BM announced partnerships with Volkswagen, Moovster, and Vinturas in Europe to reinvent the future of their auto sector using hybrid cloud and AI. This collaboration is centred on providing tailored digital services in and around the car.
- April 2019. Microsoft Corporation (Microsoft) and Sony Corporation (Sony) have announced that they would collaborate on new technologies to improve customer experiences in their direct-to-consumer entertainment platforms and artificial intelligence (AI) solutions. To support their respective game and content-streaming services, the two businesses plan to collaborate on future cloud solutions under Microsoft Azure.
The report segments the global cloud robotics market as follows:
- Cloud robotics Market - By Component
- Software
- Services
- Cloud robotics Market - By Deployment Model
- Private
- Public
- Hybrid
- Cloud robotics Market - By Service Model
- SaaS
- PaaS
- IaaS
- Cloud robotics Market - By Vertical
- Industrial Cloud Robotics,
- Professional Service Cloud Robotics
- Domestic Service Cloud Robotics
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By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Australia
- South Korea
- Japan
- Rest of APAC
- Middle East and Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of SAM
Cloud Robotics Market - Company Profiles:
- Rockwell Automation, Inc.
- KUKA AG
- ABB Group
- FANUC Corporation
- Yaskawa Electric Corporation
- Rapyuta Robotics Co Ltd.
- Universal Robots A/S.
- Calvary Robotics
- Tech-Con Automation Inc.
- Automation IG.
Browse Adjoining Reports:
Industrial Robotics Market to 2025 - Global Analysis and Forecasts by Types (Articulated, Cartesian, SCARA, and Collaborative); by Function (Soldering & Welding, Material Handling, Assembling & Disassembling, Painting & Dispensing, Milling, and Cutting & Processing) and Industry (Automotive, Medical & Pharmaceuticals, Electrical & Electronics, Rubber & Plastics, Metal & Machinery, and Food & Agriculture)
Industrial Robotics Services Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Service Type (Engineering and Consulting, Installation and Commissioning, Robot Programming, Maintenance and Repair, Training); Application (Material Handling, Assembling and Disassembling, Soldering and Welding, Others) and Geography
Automotive Robotics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Articulated, Cartesian, SCARA, Cylindrical); Component (Controller, Robotic Arm, End Effector, Sensors, Drive); Application (Welding, Painting, Cutting, Material Handling) and Geography
Nanorobotics Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Nanomanipulator, Bacteria-Based, Magnetically Guided, Bio-Nanorobotics); Application (Nanomedicine, Mechanical, Biomedical, Others) and Geography
Vision Guided Robotics Software Market to 2027 - Global Analysis and Forecasts by Robot Type (Mobile Robot, and Fixed Robot), Technology (2D Vision Guided, and 3D Vision Guided), Application (Arc Welding, Assembly, Cutting, Palletizing & Machine Tending, Navigation, Random Bin Picking, Collaborative Robots, and Others), and Vertical (Automotive, Electrical & Electronics, Aerospace, Healthcare, Transportation & Logistics, Food & Beverages, and Others)
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