Cloud Robotics Market: COVID-19 Impact and Global Analysis Forecast to 2028

The introduction of robots connected with cloud and their burgeoning applications are anticipated to fuel the growth of the global cloud robotics market. For collective learning solutions, increased data storage and to increase power of brain, Cloud connectivity plays important role. Rapid increase in the usage of cloud robotics is thus subsequent to technological advancements in the cloud industry. Additionally, the rising demand for automation across diverse verticals such as automotive, manufacturing, logistics, defence healthcare and agriculture is anticipated to bring deployment of cloud robotics across the globe. When robots are connected to the cloud, they can benefit from the storage, powerful computation, and communication resources of modern data centres present in the cloud, which can further share and process information across various agents or robots.

The rapidly increasing demand for advanced technologies including robotics as a service and platform as a service is further expected to aid the software segment in gaining impetus and momentum in the foreseeable years. Furthermore, cloud robotics leads to efficient and intelligent robotic networks at relatively cheaper prices. Due to this, several organizations are increasingly adopting cloud robotic technologies such as path planning, speech recognition, 3D mapping in usage and language translation among others.

The global cloud robotics market can be segmented on the basis of component, connectivity technology, implementation type, application and geography. On the basis of component, the global cloud robotics market can be segmented into hardware, software and services. On the base of implementing type, the global cloud robotics market can be segmented into clone based, peer based, proxy based. The global cloud robotics market can be segmented into professional service cloud robotics, personal service cloud robotics and industrial cloud robotics on the basis of connectivity technology. On the basis of geography, the global cloud robotics market can be segmented into North America, Middle East & Africa, Europe, Asia-Pacific and Latin America.

The cloud robotics market is still at its nascent stage which directly explains the increased concentration of leading players since they are the early adopters of this technology. Moreover, emerging countries are soon expected to catch up on cloud robotics due to increasing demand for advanced technologies. Hence, the global cloud robotics market is projected to foresee bright and lucrative opportunities especially in the Asia Pacific region in countries such as China, India and Indonesia among others. Also, the market is expected forecast to gain momentum across emerging economies in Latin America and Middle East and Africa regions.

Key players operating in the global cloud robotics market are focusing on key market strategies such as mergers, acquisitions, collaborations, new product launch, research & development and partnership among others. Moreover, they are also focusing on increasing their global reach in order to survive in the ever competitive market. Some of the major players include Rockwell Automation, Inc., Kuka AG, Fanuc Corporation, ABB Group, Tend.ai, Universal Robotics A/S, Yaskawa Electric Corporation, Rapyuta Robotics Co. Ltd., , Calvary Robotics, Wolf Robotics LLC, Motion Controls Robotics, HotBlack Robotics Srl, Matrix Industrial Automation, Automation IG and Tech Con Automation Inc. among others.

The global cloud robotics market can be segmented:

By Component

• Hardware
• Software
• Services

By Connectivity Technology

• Professional service cloud robotics
• Personal service cloud robotics
• Industrial cloud robotics

By Implementation Type

• Clone based
• Peer based
• Proxy based

By Geography

• North America
• Middle East & Africa
• Europe
• Asia-pacific
• Latin America