What is Cloud Robotics?
Cloud robotics is an emerging field of robotics rooted in cloud computing, cloud storage, and other Internet technologies centered around the benefits of converged infrastructure and shared services. It allows robots to benefit from the powerful computational, storage, and communications resources of modern data centers. In addition, it removes overheads for maintenance and updates, and reduces dependence on custom middleware. The global cloud robotics market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising implementation of cloud-based technologies for automation across different end use industries and growing adoption of robotics-as-a-service (RaaS) are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few year but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is broken down, by Application (Industrial Robots, Consumer Robots, Military Robots and Commercial Robots) and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Cloud Robotics market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amazon Robotics (United States), C2RO (Canada), CloudMinds Technology Inc. (United States), Google LLC (United States), HIT Robot Group (United States), Huawei Technologies Co., Ltd. (China), IBM (United States), Microsoft (United States), Ortelio Ltd (United Kingdom), Rapyuta Robotics (Japan), Tend.ai Inc. (United States) and V3 Smart Technologies (Singapore) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Cloud Robotics market by Type, Application and Region.
On the basis of geography, the market of Cloud Robotics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service Model, the sub-segment i.e. Infrastructure-as-a-Service (IaaS) will boost the Cloud Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Manufacturing will boost the Cloud Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Public Cloud will boost the Cloud Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Cloud Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In June 2018, Microsoft announced that it has completed the acquisition of AI startup Bonsai which is specialized in reinforcement learning for autonomous systems.
Stringent Worldwide Government Regulations Regarding Shutting Down the Production & Services Across Different Countries of the World to Avoid the Spread of COVID-19
Market Trend
- Increase in the Adoption of IoT and Advancements in AI and Machine Learning Technologies
Market Drivers
- Rising Implementation of the Cloud-based Technology
- Rapid Increase in the Adoption of Wireless Technologies and Smart Devices
- Increasing Demand for Automation Across Different End Use Industries
- Rise in Demand for Robotics-As-A-Service (RaaS)
Opportunities
- Industry 4.0 is Expected to Create Huge Opportunities for Market Vendors During the Forecast Period Propelled by Rising Use of Robots for Industrial Automation
Restraints
Challenges
- Longer Time to Commercialize the Robots
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.