Cloud Robotics Market, grow at CAGR of 32.4% and is forecast to reach by 2022 by MGA Study

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Cloud robotics is an emerging field of robotics that offers a range of potential benefits for robots by combining cloud computing, cloud storage, and internet technologies. The cloud robotics allows robots to share resources and data with each other. It also collaborates with other machines, smart objects and humans. This creates a new paradigm in robotics that may lead to exciting developments in the coming years.

There is an increased interest in this technology from academics, governments, and industries worldwide. Many end-users have started focusing on this technology to reap the benefits.

Market Analysis

According to Market Growth Analysis, the Worldwide Cloud Robotics Market will witness a CAGR of 32.4% during the forecast period 2016–2022.

Increased adoption of wireless technologies, heightened number of data centers, rising awareness of cloud-enabled robotics technology, increasing spending on IoE technologies, rising mobile subscriber base in the developing countries, impact of big data boom, proliferation of smartphones/tablets and the emergence of commercial robotics trigger growth in the cloud robotics market. In the next 4–5 years, personal use of robots will become more of a reality.

Geographical segmentation

The market is segmented by the following regions – Americas, Europe, Asia-Pacific, ANZ and MEA.

Europe is poised to be the leading market for cloud robotics followed by North America and Asia Pacific. The Middle East & Africa and Latin America are set to be the emerging markets for cloud robotics.

Segmentation by Types

The market is segmented by the following types of robots- Military Robots, Industrial Robots, Commercial Robots and Personal Robots.

Segmentation by Deployment Mode

Public, Private and Hybrid Cloud are the three deployment modes.

Segmentation by End-users

The market is segmented by the following end-users – Manufacturing, Healthcare, Aerospace and Defense, Education, Agriculture, Logistics and Transportation, Construction and Others.

Key Vendors

The key players covered in this report are Google, Softbank, iRobot, Fanuc and KUKA.

Competitive Analysis

Current and predicted business strategies for the leading companies of the market is covered.

The report includes a detailed competitive benchmarking of the leading industry players based on metrics such as company profile, financial health, business objectives, business strategy and SWOT analysis.

Benefits

The Worldwide Cloud Robotics market report is of significance to the key stakeholders of the cloud robotics market such as robotics industries, connectivity technology providers, end-users and cloud providers in the following ways:

Competitive analysis (i.e. current and future key business strategies of the competitors and their regional growth)

Drivers and growth opportunities in different regions

The study covers and analyzes the “Worldwide Cloud Robotics” market. It brings out the key industry insights, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalist to understand the profile of companies and make informed decisions.

The report provides a detailed analysis of the cloud robotics market in terms of types of robots, connectivity technologies, deployments, end-users, and regions. It includes information related to latest industry and market trends, key stakeholders, industry pest analysis, competitive landscape, details of the ongoing and upcoming cloud robotics projects and assessment of regions, types, end-users, and deployment models. The report can help the robotics hardware players in understanding and collaborating with the technology providers. It helps cloud providers in getting more knowledge about the robotics market.