The global cloud robotics market is fuelled by the emergence of cloud connected robots and their increasing applications. Cloud connectivity provides collective learning solutions, increased data storage, and augmented brain power. Rise in the uptake of cloud robotics is therefore the next step to advancements in the cloud technology. Additionally, the rolling demand for automation across varied sectors such as defense and logistics, automotive, manufacturing, agriculture, and healthcare will further promote the deployment of cloud robotics.

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The global cloud robotics market is segmented on the basis of component, implementation type, application, and regions. Based on the component, the global cloud robotics market is divided into hardware, software, and services. On the basis of implementation type, the global cloud robotics market is divided into peer based, proxy based, and clone based. On the basis of application, the cloud robotics market is segmented into professional service cloud robotics, industrial cloud robotics, and personal service cloud robotics. Based on connectivity technology, the global market is divided into Bluetooth, Wi-Fi, 3G, 4G, 5G, RF, and Infrared.

By component, the hardware segment is the market leader in the global cloud robotics market. Based on the connectivity technology, the 3G market segment was the major revenue generating segment. The cloud robotics market is analyzed to grow in the forecast years owing to the rapid rise in usage of personal robotics. Also, owing to the recent innovations in cloud computing technologies, organizations are coming up with cloud robotics services. Cloud robotics result in the development of intelligent, efficient and yet cheaper robotic networks. Therefore, various firms are progressively employing cloud robotic capabilities such as path planning, language translation, speech recognition, and 3D mapping in usage. Cloud robotics technology holds promise for enterprises in crowd sourcing, handling big data, open-source/open-access, parallel grid computing, and call centers.

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Based on regions, the global cloud robotics market is segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America is the highest revenue generating region while Asia-Pacific will showcase the swiftest growth rate during the forecast period. The cloud robotics market is still in its early growth stage. However, the developed economies are the early technology adopters and therefore command maximum share in this global market.

During the forecast period, the global cloud robotics market is set to provide growth opportunities in Asia-Pacific especially in countries such as India and China. Also, the cloud robotics market is expected to gain high share across emerging region such as Latin America and Middle East and Africa.

The major companies that provide cloud robotics include HotBlack Robotics Srl, Yaskawa Electric Corporation, Tech Con Automation Inc., Rockwell Automation, Inc., ABB Group, Fanuc Corporation, Tend.ai, Rapyuta Robotics Co. Ltd., Universal Robotics A/S, Calvary Robotics, KUKA AG, Motion Controls Robotics, Wolf Robotics LLC, Matrix Industrial Automation and Automation IG, among others.

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