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LONDON, GREATER LONDON, UNITED KINGDOM, October 22, 2024 /EINPresswire.com/ -- The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only!
The cloud robotics market has experienced exponential growth in recent years, projected to expand from $9 billion in 2023 to $11.42 billion in 2024, reflecting a compound annual growth rate (CAGR) of 26.9%. This growth during the historical period can be attributed to several factors, including cost efficiency and scalability, enhanced data storage and processing capabilities, the globalization of supply chains, improved security and data privacy measures, and advancements in remote monitoring and maintenance.
What Is The Estimated Market Size Of The Global Cloud Robotics Market And Its Annual Growth Rate?
The cloud robotics market is anticipated to experience exponential growth in the coming years, projected to reach $30.05 billion by 2028, with a compound annual growth rate (CAGR) of 27.4%. This growth during the forecast period can be attributed to several factors, including the emergence of decentralized cloud robotics architecture, an emphasis on energy efficiency, the expansion of robotic process automation (RPA), and advancements in customization and modular robotics.
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Growth Driver Of The Cloud Robotics Market
The growing use of smart devices is expected to drive the growth of the cloud robotics market in the future. Smart devices are objects, appliances, or gadgets that connect to the internet or other devices, offering automation, remote control, and data exchange. Cloud robotics enhances these capabilities by allowing smart devices to offload computations and tap into extensive cloud resources, resulting in improved performance and functionality.
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Which Market Players Are Steering The Cloud Robotics Market Growth?
Key players in the market include ABB Ltd., Microsoft Corporation, IBM Corporation, C2RO Cloud Robotics Inc., Amazon Robotics LLC,Calvary Automation Robotics LLC,CloudMinds,Fanuc Corporation,Google LLC,Hit Robot Group Co Ltd.,Huawei Technologies,Kuka AG,Ortelio Ltd.,Rapyuta Robotics Co. Ltd.,Rockwell Automation Inc.,V3 Smart Technologies PTE Ltd.,CNC Robotics Ltd.,Robocloud Co. Ltd.,Relativity Space,Arrow Electronics Inc.,Boston Dynamics,Clearpath Robotics,Fetch Robotics Inc.,Grey Orange Pte. Ltd.,Locus Robotics,Omron Adept Technologies,Rethink Robotics,Sarcos Robotics,Soft Robotics,Universal Robots.
What Are The Key Trends That Influence Cloud Robotics Market Size?
Key players in the cloud robotics market are introducing cloud robotic platforms to meet the demand for coordinating and controlling robots. These platforms are systems that allow robots to offload computations, access data, and utilize cloud resources, enhancing their capabilities and improving coordination.
How Is The Global Cloud Robotics Market Segmented?
1) By Implementation Type: Peer Based, Proxy Based, Clone Based
2) By Deployment Type: Private Cloud, Public cloud, Hybrid cloud
3) By End-User Industry: Manufacturing, Military and Defense, Retail and E-Commerce, Healthcare and Life Sciences, Other End-User Industries
Geographical Insights: North America Leading The Cloud Robotics Market
North America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Cloud Robotics Market Definition
Cloud robotics involves robotic solutions that leverage technologies such as cloud computing, cloud storage, and other internet-based technologies. This approach allows robotic devices to access extensive data without needing to store it directly in their onboard memory.
Cloud Robotics Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global cloud robotics market report covering trends, opportunities, strategies, and more
The Cloud Robotics Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cloud robotics market size, cloud robotics market drivers and trends and cloud robotics market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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