Skip to main content

Cloud Robotics Market: Demand for Advanced Technologies to Aid Expansion of Software Segment

On account of being at a nascent stage, the global Cloud Robotics Market witnesses limited competition. Because cloud robotics is a relatively new technology, threat from substitute is also low in the market. Currently, only a handful of companies enjoy a global presence, finds Transparency Market Research (TMR) in a new study. However, a several smaller companies, which are well-established as regional players, are likely to enter the market in the coming years. Besides this, the market players are also reeling under low customer royalty, which is a factor inhibiting their expansion across the world.

Among the various companies, Kuka Robotics, Fanuc Corporation, ABB Group, Calvary Robotics, and Wolf Robotics have distinction of being the leading companies. However, this dynamics can change in the near future with the advent of advanced technologies. Hence, efforts are underway by the leading enterprises to ascertain sustainable growth. As part of strategy, the companies are engaging in various mergers and acquisitions, focusing on research and development and enriching customer experience through investment in cloud robotics.

According to TMR, the global cloud robotics market will exhibit a CAGR of 32.4% between 2016 and 2024. At this pace the market, which stood at US$1.38 bn in 2015, will reach US$21.9 bn by the end of 2024. Regionally, North America emerged dominant with a share of 37.9% in 2015. However, during the forecast period, the market in Asia Pacific is likely to exhibit higher CAGR. Based on component, the hardware segment contributed nearly 74% to the overall revenue generated by the market in 2015.


Deployment of Cloud Robotics to Increase as Demand for Automation Rises

The rising demand for automation across industries is the chief driver of the global cloud robotics market. The need for improving efficiency in diverse industrial processes is fuelling the demand for automation, which in turn will create opportunities for deploying cloud robotics. As these robots utilize mechanical, electrical, and software systems for higher accuracy, speed, and precision, their installation is expected to increase in the near future.

With rapid advancements in artificial technology, the global cloud robotics market is forecast to witness greater opportunities in the near future. Besides this, the proliferation of cloud computing and big data analytics platform will aid the expansion of the global cloud robotics market.


Vulnerability to Data Theft Could Limit Growth

Despite the existing opportunities, the vulnerability to security threats and data theft could restraint the market’s growth to an extent. Cloud robotics contain critical information from clients including their personal data. The risk of hacking therefore puts personal privacy and security of individuals at threat. Nevertheless, the market foresees huge potential in the birthing of advanced technologies such as 5G. When deploying cloud robotics, reliable and constant connectivity is the key to ensure that robots perform their task efficiently, irrespective of the environment they are in. With the advent of 5G technology, the market will have safer platform for deployment and wider reach.

Besides this, the recent advancements in robotic applications will aid the expansion of the cloud robotics market in the coming years.



The report segments the global cloud robotics market as:

Cloud Robotics Market, by Component

  • Hardware
  • Software
  • Infrastructure as a Service
  • Robotics as a Service (RaaS) & Platform as a Service
  • Robotic Application Software
  • Services
  • System Integration
  • Connectivity Service
  • Other professional services

Cloud Robotics Market, by Implementation Type

  • Peer Based
  • Proxy Based
  • Clone Based

Cloud Robotics Market, by Connectivity Technology

  • Bluetooth
  • WI-Fi
  • 3G
  • 4G
  • 5G
  • RF
  • Infrared

Cloud Robotics Market, by Application

  • Industrial Cloud Robotics
  • Automotive
  • Defense
  • Manufacturing
  • Transportation & Logistics
  • Others
  • Professional Service Cloud Robotics
  • Agriculture
  • Healthcare (Hospitals & Clinics)
  • Aerospace (Travel & Tourism)
  • Retail
  • Others
  • Personal Service Cloud Robotics
  • Entertainment
  • Education
  • Personal Healthcare
  • Others

In addition, the report provides cross-sectional analysis of the Cloud Robotics market with respect to the following geographical segments:

  • North America
  • The U.S.
  • Canada
  • Rest of North America
  • Europe
  • The U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • The UAE
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
  • South America

  • Brazil
  • Rest of South America

Comments

Post a Comment

Popular posts from this blog

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more

Data Center Fabric Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Fabric-based architecture supports the data center by eradicating the necessity of switch-to-switch interactions, multiple layers of devices and also the shared network protocols. It condenses the complication of a data center network and improves its efficiency. In a data center, fabric embodies interconnection of several servers, storage, and other ports for networking in an ultra-low latency set-up, which provides any-to-any connectivity, making each device only single hop away from every other device. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2227 Data center fabric market is driven by emerging technologies such as data center virtualization, cloud computing and big data analytics. Vendors in this market face challenges such as security issues and scalability in transparent bridging. One of the major opportunities in the market are for providing advanced data center fabric solutions that are more s...
Post a Comment
Read more

Mobile Security Software Market is Projected to be Fueled by Rapid Technological Advancements

Major drivers of the mobile security market are antivirus, e-mail spam blocking, and malware removal. Technological development in mobile security software and substantial research in this industry are contributing to the growth of this market. Today mobile phones are used as multipurpose devices, their exposure to various online and offline threats have increased significantly thus the need of MSS is rising day by day. This market is expected to witness tremendous growth in the coming years with the increasing number of mobile users and increasing awareness for mobile security. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=304 General lack of awareness about mobile vulnerability and increase in mobile malware is driving the emerging yet dynamic market of mobile security products. This market is mainly driven by business concerns for protecting corporate assets and information, and being vulnerable to various...
Post a Comment
Read more