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The Cloud Robotics Market is segmented by Offering (Software and Service), Application (Industrial Robot and Service Robot), End-user Industry (Manufacturing, Military and Defense, Retail and E-commerce, Healthcare and Life Sciences, and Other End-user Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Fastest Growing Market:
The cloud robotics market was valued at USD 68172.89 million in 2019, and is expected to reach USD 234372.01 million by 2025, at a CAGR of 22.86% during the forecast period, (2020 - 2025). The growing adoption of connected services in robotics, by information sharing for offloaded computation and collaboration, is a vital factor in the growth of the global cloud robotics market.
Cloud robotics is the use of remote computing resources to enable greater memory, computational power, collective learning, and interconnectivity for robotics applications. It allows robots to benefit from the powerful computational, storage, and communications resources of modern data centers. Logistics, security and surveillance, personal assistance and care, guidance and education, entertainment, and companionship are some of the emerging sectors, which are witnessing the rise in the adoption of cloud robotics.
|By End-user Industry|
|Military and Defense|
|Retail and E-commerce|
|Healthcare and Life Sciences|
|Other End-user Industries|
|Middle East & Africa|
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The cloud robotics market is fragmented. Overall, the competitive rivalry among existing competitors is moderate. Moreover, acquisitions and collaboration of large companies with startups are expected, which are focused toward innovation.
1.1 Study Deliverables
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Prominence of Cloud Technology
4.3.2 Increasing Adoption of Robotics across Various End Users
4.4 Market Restraints
4.4.1 Security and Privacy Concerns
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. TECHNOLOGY SNAPSHOT
6. MARKET SEGMENTATION
6.1 By Offering
6.2 By Application
6.2.1 Industrial Robot
6.2.2 Service Robot
6.3 By End-user Industry
6.3.2 Military and Defense
6.3.3 Retail and E-commerce
6.3.4 Healthcare and Life Sciences
6.3.5 Other End-user Industries
6.4 By Geography
6.4.1 North America
6.4.4 Latin America
6.4.5 Middle East & Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Hit Robot Group Co. Ltd
7.1.2 ABB Ltd
7.1.3 inVia Robotics Inc.
7.1.4 C2RO Cloud Robotics
7.1.5 CloudMinds Technologies Co. Ltd
7.1.6 Google LLC
7.1.7 IBM Corporation
7.1.8 Microsoft Corporation
7.1.9 Rapyuta Robotics Co. Ltd
7.1.10 Tend AI Inc.
7.1.11 V3 Smart Technologies PTE Ltd
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability