Market Overview
Cloud robotics is the seamless integration of robotics and cloud computing, internet technologies, and cloud storage. Cloud robotics are used to enhance the learning abilities of robots. It allows robots to take advantage of powerful computational, storage, and communication resources of modern data centers. Moreover, it facilitates robots to benefit from the rampant increase in data transfer rates to offload tasks without hard real-time requirements. Therefore, it is possible to build a smart robot with a ‘brain’ in the cloud. The brain refers to the knowledge base, data center, deep learning, task planners, etc. Cloud robotics is related to four basic robotic operations namely data capturing with the help of a robot (onboard/integrated sensors and nodes), processing the collected data on cloud servers, application of the processed data, and feedback sent to the servers for further analysis.

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The global Cloud Robotics Market market was accounted for US$ 7,543.6 Mn in terms of value and is expected to grow at a CAGR of 32.4% during the forecast period.

Market Dynamics- Drivers

Increasing demand for automation in industries is expected to drive growth of the global cloud robotics market during the forecast period
Many industrial processes such as painting, machining, material handling, welding, and assembling are now being replaced with automated robots. These robots use electrical, mechanical, and software systems to perform the designated task with higher accuracy, speed, and precision, which exceeds human performance. Moreover, automation in industrial robots has been very successful, owing to its high precision and speed in structured factory environments. However, these robots need to be integrated with network technologies, in order to deploy them in unstructured environments. Thus, robots are now being interconnected through the cloud, enabling them to remotely access datasets to support different types of functions. Hence, automation in industries is expected to boost the global cloud robotics market growth during the forecast period.
Technological advancements in artificial intelligence are expected to propel the global cloud robotics market growth over the forecast period
Constant research and development in artificial intelligence and related technologies are expected to increase the adoption of cloud robotics. According to the report ‘Preparing for the future of Artificial intelligence’ published by the National Science and Technology Council Committee on Technology in October 2016, the U.S. government invested US$ 1.1 billion in R&D in AI-related technologies in 2015. Artificial intelligence enables robot systems with powerful capabilities and also reduces operational costs. Therefore, it has become possible to build cost-effective, lightweight, and smarter robots with an intelligent operating system (OS), which consists of a data center, communication support, information processing, knowledge base, etc. Furthermore, robots need a massive amount of resources and computational power to think similarly to that of a human. Technological advancements in artificial intelligence can help robots to draw resources from multiple data centers, in effect spreading out the demand. For instance, RoboEarth is paving the way for advancement in machine behavior and cognition by allowing robotic systems to benefit from the experience of other robots. Thus, these factors are expected to propel the market growth in the near future.

Market Opportunities
Advent of 5G technology can provide major growth opportunities over the forecast period
Deployment of cloud-based robotic systems requires reliable and constant connectivity, regardless of the environment it operates within. Wireless technology offers these solutions and eliminates the need for complex wireline connections to provide communication systems. Moreover, 5G is expected to offer very low latency and is an obvious choice for applications that require high capacity. 5G supports a wider range of requirements such as sub-millisecond latency. For instance, Ericsson has partnered with biomedical companies such as EI.En and Imaginalis for robotic-assisted surgeries and remote diagnosis.
Technological advancements in robotic applications are expected to present lucrative business opportunities
The development in the robotics industry has enabled new robots to perform a plethora of applications. Robots can now perceive, manipulate, place and pick a wide variety of objects in less structured environments. Cloud robotics is considered as a step-further in this, enabling major advancements in automotive and other industrial applications. For instance, Google’s driverless cars are cloud robots, these cars use cloud services to navigate using Google’s enormous database of satellite and maps. These cars combine this data with current and past traffic patterns to avoid collisions.

Market Taxonomy
This report segments the global Cloud robotics market on the basis of by component, implementation type, by technology, by application, and region.
On the basis of component, the global Cloud robotics market is segmented into Hardware, Software and Service. Hardware is further segmented into Robot, Hardware Components. Software is segmented into Infrastructure as a Service (IaaS), Robotics as a Service (RaaS) & Platform as a Service (PaaS), Robotics Application Software. Services is further segmented into System Integration, Connectivity Service, Other Professional Services.
On the basis of Implementation Type, global Cloud robotics market is segmented into Peer Based Proxy Based, and Clone Based. On the basis of technology, global Cloud robotics market is segmented into Bluetooth, Wi-Fi, 3G, 4G, 5G, RF, and Infrared. On the basis of application, global Cloud robotics market is segmented into Industrial Cloud Robotics (Automotive, Defense, Manufacturing, Transportation & Logistics, Others), Professional Service Cloud Robotics (Agriculture, Health Care (Hospitals and Clinics),vAerospace (Travel and Tourism), Retail and Others), Personal Service Cloud Robotics (Entertainment, Education, Personal Healthcare, Others). On the basis of region, global Cloud robotics market is segmented into North America, Latin America, Europe, APAC, Middle East and Africa.

Key features of the study:
• This report provides an in-depth analysis of the global Cloud robotics market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global Cloud robotics market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global Cloud robotics market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Cloud robotics market.

Detailed Segmentation:
Global Cloud robotics Market, By Component
• Hardware

1. Robot
2. Hardware Components
3. Software
4. Infrastructure as a Service (IaaS)
Robotics as a Service (RaaS) & Platform as a Service (PaaS)
• Robotics Application Software
1. Services
2. System Integration
3. Connectivity Service
4. Other Professional Services
Global Cloud robotics Market ,By Implementation Type
• Peer Based
• Proxy Based
• Clone Based
Global Cloud robotics Market ,By Deployment Model
• On-premise
• Cloud
Global Cloud robotics Market ,By Technology
• Bluetooth
• Wi-Fi
• 3G
• 4G
• 5G
• RF
• Infrared
Global Cloud robotics Market, By Application
• Industrial Cloud Robotics
• Automotive
• Defense
• Manufacturing
• Transportation & Logistics
• Others
• Professional Service Cloud Robotics
• Agriculture
• Health Care (Hospitals and Clinics)
• Aerospace (Travel and Tourism)
• Retail
• Others
• Personal Service Cloud Robotics
• Entertainment
• Education
• Personal Healthcare
• Others


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Competitive Section
Hardware manufacturers: Universal Robots, Rockwell Automation, Inc., Yaskawa Electric Corporation, Kuka AG, Fanuc Corporation, and ABB Group.
Software providers: Calvary Robotics, Tend.ai, Hot Black Robotics Srl, and Rapyuta Robotics Co. Ltd.
Service Providers: Automation IG, Motion Controls Robotics, Matrix Industrial Automation, Wolf Robotics LLC, and Tech-Con Automation Inc.



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