Market Overview

The worldwide Cloud Robotics Market is expected to reach a value of USD 15.3 billion by 2030 at a growing CAGR of 23.2%.

Cloud robotics is a field of robotics that seeks to enable robotics by harnessing the benefits of converged infrastructure and shared services by utilizing cloud technologies such as cloud computing, cloud storage, and other Internet technologies. When connected to the cloud, robots may take advantage of the massive processing, storage, and communication resources available in today's cloud data centers, which can analyze and exchange data from several robots or agents.

Rising communication protocols and computing models to handle various applications, such as computation, communications, and security, demonstrate the potential of cloud robotics to benefit a variety of applications. Automotive firms and EV platform developers are increasingly relying on robotic assembly capabilities to advance to commercial production.

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The onset of the COVID19 pandemic has had a significant influence on worldwide economic growth. Many companies and enterprises were hit hard by the pandemic. Financial growth in several industries remained low, and the economic rate fell to a particular level. It will take several anticipated years for the global economy to stabilize. During the epidemic, the worldwide cloud robotics market experienced considerable developments.

Market Segmentation: 

• By Type: 

Proxy-based, clone-based, and peer-based cloud robotics forms are market segments based on the type.

• By Connectivity: 

Wi-Fi, 3G, 4G, Bluetooth, radiofrequency, and infrared connectivity are all included in the market segmentation based on connectivity. 

• By Application: 

Defense, healthcare, manufacturing, retail, transportation, aerospace, agricultural, and many other industries are among the cloud robotics market categories based on application.

Regional Classification:

The market is being researched in certain regions such as North America, Asia Pacific, Europe, and the rest of the world. As robotics technology becomes more prevalent in the defense, healthcare, and security sectors, the North American area commands a sizable portion of the worldwide cloud robotics market.

Mobile technologies play an important role in connecting automated systems to controllers and robotics, as well as providing greater performance in data center communication infrastructure. All of these variables contribute to increasing worldwide market expansion in North America. Due to increased demand for internet infrastructure and modern technology, the Asia Pacific area will experience rapid expansion in the future years.

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Industry News:

On April 8, 2021, CloudMinds (China), a robotics start-up, announced a USD 150 million series B+ investment round spearheaded by SOEs Shanghai Urban Construction Investment and Shanghai Guosheng Group. The Hairui cloud robot operating system, smart, flexible joint SCA, and XR 1 cloud robot series are all products of the company, which has over 1,801 patents.

Amazon Robotics, C2RO, Calvary Robotics, CloudMinds, Fanuc Corporation, Google, Hit Robot Group, Huawei, IBM, Kuka AG, Microsoft, Ortelio Ltd., Rapyuta Robotics Co. Ltd., Rockwell Automation Inc., V3 Smart Technologies, and XTend Robotics are the key players profiled in the cloud robotics market analysis. These companies have used a variety of techniques to enhance their market penetration and position in the cloud robotics business. The service category is predicted to develop the most in the next years, owing to large-scale robot deployments, which will boost demand for managed cloud robotic services.

The evolving market landscape is defined by advancements in software structures and wireless technologies, which are boosting businesses' reliance on robotic cloud systems. Cloud robotics platforms offer on-demand automation solutions for warehousing material handling and inventory management.

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