Global Cloud Based Smart Robotics Overview
Cloud Based Smart Robotics Market is an emerging technology, with a combination of robots, cloud computing, and connectivity technologies. It involves the cloud technologies such as cloud storage and cloud computing and also some internet technologies which focus on the benefits of using shared infrastructure and shared services in robotics. This help robots to become more receptive, can move, see, hear, sense and react to the environment. This robot are used for industrial and also for personal usage. The examples of cloud robotics is Google’s self-driving cars. These vehicles used data from Google Maps and access pictures which is stored on the cloud platform, this data is used for exploring the immediate environment and after that move forward.
Global Cloud Based Smart Robotics Drivers & Restraints
Growing use of cloud-based technologies and artificial intelligence in robotics has conveyed to create cloud robotics, such factor drives the global cloud based smart robotics market growth. In addition, growing acceptance of smart gadgets, with development of bandwidth, and rising cloud streaming services are supporting the development of the globe cloud based smarts robotics market. Additionally the fast adoption of automation across many industry verticals is boosting demand in the worldwide cloud robotics market. For instance, according to International federation of robotics (IFR) organization, the acceptance of industrial robots continues to grow faster. In 2017, there was around 30% annual growth in sales and accounted for more than 381,000 robots, it is more than twice in number sold in 2013. Furthermore, research and development to improve the essentials of robots, and to upgrade their physical features also the remarkable virtual developments of cloud computing factor expected to boost the target market growth. High cost of cloud based smart robotics and security concerns with cloud robotics factors are restraining the target market growth. Moreover growing trend of connected home and IoT factor provide lucrative opportunity to the target market growth.
Global Cloud Based Smart Robotics Segmentations & Regional Insights
The global cloud based smart robotics market is segmented based business model, deployment model, by end users and region.
On the basis of business model, the global cloud based smart robotics market is segmented into infrastructure-as-a-service, platform-as-a-service and software-as-a-service. On the basis of deployment model, the target market is classified into Public cloud, private cloud, and hybrid cloud. Based on end-user the market is segmented into industrial, commercial and consumer. Industrial segment is accounted for major market share due to increasing adoption of automation across many industry. For instance, according to International federation of robotics (IFR) organization report than more 2 million robots are now at work in industry and expected to almost double by the end of 2021.
Based on region the global cloud based smart robotics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate cloud based smart robotics market during the forecast period. Due to the presence of key vendors, in region such as IBM, Microsoft, Google, and Amazon Robotics. Additionally tin North America is considered as the most progressive region in terms of cloud, AI, and machine learning technologies. Also the rapid speed of adopting of new technology support the growth of target market. Asia Pacific (APAC) is anticipated to grow at the highest CAGR throughout the forecast period, increasing number of manufacturing units in emerging nation such India, China, and Japan which are progressively accepting the adoption of advanced technologies, such as cloud robotics.
Global Cloud Based Smart Robotics Market, By Business Model:
- Infrastructure-as-a-Service
- Platform-as-a-Service
- Software-as-a-Service
Global Cloud Based Smart Robotics Market, By Deployment Model:
- Public Cloud
- Private Cloud
- Hybrid Cloud
Global Cloud Based Smart Robotics Market, By End-User:
- Industrial
- Commercial
- Consumer
Global Cloud Based Smart Robotics Market, By Region:
- North America
- North America Cloud Based Smart Robotics Market, By Business Model
- North America Cloud Based Smart Robotics Market, By Deployment Model
- North America Cloud Based Smart Robotics Market, By End-User
- North America Cloud Based Smart Robotics Market, By Country
- U.S.
- Canada
- Europe
- Europe Cloud Based Smart Robotics Market, By Business Model
- Europe Cloud Based Smart Robotics Market, By Deployment Model
- Europe Cloud Based Smart Robotics Market, By End-User
- Europe Cloud Based Smart Robotics Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Cloud Based Smart Robotics Market, By Business Model
- Asia Pacific Cloud Based Smart Robotics Market, By Deployment Model
- Asia Pacific Cloud Based Smart Robotics Market, By End-User
- Asia Pacific Cloud Based Smart Robotics Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Cloud Based Smart Robotics Market, By Business Model
- Latin America Cloud Based Smart Robotics Market, By Deployment Model
- Latin America Cloud Based Smart Robotics Market, By End-User
- Latin America Cloud Based Smart Robotics Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Cloud Based Smart Robotics Market, By Business Model
- Middle East & Africa Cloud Based Smart Robotics Market, By Deployment Model
- Middle East & Africa Cloud Based Smart Robotics Market, By End-User
- Middle East & Africa Cloud Based Smart Robotics Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Cloud Based Smart Robotics Competitive Landscape & Key Players
The key players operating the global cloud based smart robotics market involves Amazon Robotics, Google, Huawei, IBM, Microsoft, C2RO, Cloud Minds, Hit Robot Group, V3 Smart Technologies, Rapyuta Robotics, Ortelio, and Tend. The key players in the market are focusing on the investment in robotics innovation and research and development. For instance in November 2019 Amazon declared to invest around US$40 million, in 350,000-square-foot robotics innovation hub in Westborough, Mass. The new facility will contain corporate offices, research and development labs and a robotics manufacturing space.
Global Cloud Based Smart Robotics Company Profile
Amazon Robotics *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Huawei
- IBM
- Microsoft
- C2RO
- CloudMinds
- Hit Robot Group
- V3 Smart Technologies
- Rapyuta Robotics
- Ortelio
- Tend
“*” marked represents similar segmentation in other categories in the respective section
FAQs
The Cloud Based Smart Robotics Market is segmented into business model, deployment model, by end users and region.
Growing demand for connected and collaborative robotics, emphasis on real-time data processing, and the adoption of cloud-based platforms for remote control and analytics drive the growth of the cloud-based smart robotics market globally.
Challenges include potential cyber security risks, latency concerns for real-time applications, and the need for robust connectivity infrastructure, posing global restraints in the cloud-based smart robotics market.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, Amazon Robotics, Google, Huawei, IBM, Microsoft, C2RO, Cloud Minds, Hit Robot Group, V3 Smart Technologies, Rapyuta Robotics, Ortelio, and Tend.