The Business Research Company’s report on the Cloud Robotics Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the cloud robotics market in recent years?
The increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) will drive the cloud robotics market. The automotive industry is increasingly shifting towards a robot-as-a-service model due to the increasing labor costs, labor shortage, and reduction in the cost of robotic systems. For instance, according to the Association for Advancing Automation (A3) data, by 2025, utilization of cloud computing is expected to increase by 17% to 2018 levels, and Factories and industrial concerns in North America ordered a record 29,000 robots during the first nine months of 2021, a 37% increase from the previous year. Therefore, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) ultimately drives the cloud robotics market growth.
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What is the projected market size of the cloud robotics industry, and how is it expected to grow?
The cloud robotics market size has grown exponentially in recent years. It will grow from $11.2 billion in 2024 to $14.08 billion in 2025 at a compound annual growth rate (CAGR) of 25.7%. The growth in the historic period can be attributed to cost-efficiency and scalability, data storage and processing capabilities, globalization of supply chains, security and data privacy measures, remote monitoring, and maintenance.
The cloud robotics market size is expected to see exponential growth in the next few years. It will grow to $39.07 billion in 2029 at a compound annual growth rate (CAGR) of 29.1%. The growth in the forecast period can be attributed to decentralized cloud robotics architecture, focus on energy efficiency, robotic process automation (RPA) growth, customization, and modular robotics. Major trends in the forecast period include 5G connectivity for low-latency communication, edge computing integration, robotics as a service (RaaS) models, digital twins for simulation and training, cross-industry adoption.
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Who are the key players driving competition in the cloud robotics market?
Major companies operating in the cloud robotics 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 key trends are expected to drive the cloud project portfolio management market during the forecast period?
Technological advancement is a key trend gaining popularity in the cloud robotics market. Key players operating in the cloud robotics market are focusing on developing robotics and automation more broadly to strengthen their position in the market. For instance, in November 2022, Amazon Web Services (AWS) has launched AWS IoT RoboRunner, a robotic fleet management system designed to facilitate interoperability in the robotics sector. This service allows companies to manage various robots from different vendors using a single platform, addressing a significant challenge in robotics deployment.
Which key geographies are driving the growth of the cloud robotics market?
North America was the largest region in the cloud robotics market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the cloud robotics market?
The cloud robotics market covered in this report is 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
Subsegments:
1) By Peer Based: Collaborative Robotics, Multi-Robot Coordination, Distributed Learning Systems
2) By Proxy Based: Remote Control Robotics, Telepresence Robots, Cloud-Connected Interfaces
3) By Clone Based: Virtual Robot Cloning, Simulation And Testing Environments, Digital Twin Technology
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What defines the structure and scope of the cloud robotics market?
Cloud robotics refers to robotic solutions, which utilize technologies such as cloud computing, cloud storage, and other internet technologies. Cloud robotics provides vast amounts of data to robotic devices without having to incorporate it directly via on-board memory.
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