Cloud robotics is a field of robotics coupled with cloud technologies, which allows robots to have assistance from the powerful computational, storage, and communication resources of modern data centers. Global cloud robotics market is expected to grow with an impressive CAGR over the forecast period. Major factors that are boosting the market growth are surging prominence of cloud technology, increasing adoption of robotics across end-users, and increasing adoption of IoT coupled with advancements in AI and machine learning technologies. However, factors such as security and privacy concerns, and high initial costs coupled with high R&D expenses are likely to hamper the market growth over the forecast period.
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Global cloud robotics market has been segmented, on the basis of deployment model, into private cloud, public cloud, and hybrid cloud. Private and private cloud segments are expected to contribute significantly to the market over the forecast period. Whereas, the hybrid cloud is expected to be the fastest growing segment owing to benefits associated with this deployment model as this model combines some features of private and as well as the public cloud model.
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Geographically, the market has been analyzed into North America, Europe, Asia-Pacific, and Rest of the World (RoW) that contribute significantly towards the growth of market. North America is expected to be dominating region owing to increased adoption of IoT coupled with advancements in AI and machine learning technologies in the region. Moreover, well-developed ICT sector of the region is also propelling the market growth in the region. Europe is expected to follow North America in terms of revenue generation, while Asia-Pacific is expected to witness the highest growth over the forecast period. The growth of the Asia-Pacific region is attributed to the growing penetration of cloud computing coupled with the incorporation of robotics and automation across various verticals.
Major companies that are involved in the development of cloud robotics are Amazon Robotics, Google LLC, IBM Corp., Microsoft Corp., Rapyuta Robotics Co. Ltd., and Fujitsu Ltd. These key players adopt various strategies to stay competitive in the market. Strategies such as mergers & acquisition, partnership & collaborations, product launch, geographical expansion, and many others are majorly followed by these market players. For instance, in November 2017, the beta version of an expandable drone solution has been announced by Rapyuta Robotics. This solution is built on drone’s hardware agnostic rapyuta.io cloud robotics platform.
Market Segmentation
Global Cloud Robotics Market by Deployment Model
• Public Cloud
• Private Cloud
• Hybrid Cloud
Global Cloud Robotics Market by Service Model
• Infrastructure-as-a-Service
• Platform-as-a-Service
• Software-as-a-Service
Global Cloud Robotics Market by End-User
• Manufacturing
• Defense
• Healthcare
• Others (Transport & Logistics, Banking and Financial Services)
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• ABB Ltd.
• Aethon Inc.
• Amazon Robotics
• Autodesk, Inc.
• 7.5. Blue Vision Labs, Inc.
• CloudMinds, Inc.
• DroneDeploy, Inc.
• Fetch Robotics, Inc.
• Fujitsu Ltd.
• Google LLC
• Hanson Robotics Ltd.
• Hit Robot Group
• Huawei Technologies Co., Ltd.
• IBM Corp.
• Intel Corp.
• Ortelio Ltd.
• Rapyuta Robotics Co. Ltd.
• Tend.ai, Inc.
• UiPath, Inc.
• V3 Smart Technologies Pte Ltd.
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