Increase in the popularity of remote working, surge in demand for remote working tools, rapid industrialization, and rise in need for centralized monitoring and control of industrial tools are expected to drive the growth of the global cloud robotics market. Significant increase in demand for robotics and automation solutions in various end-use industries during the pandemic had a positive impact on the market.
The global cloud robotics market generated USD 4.62 billion in 2021 and is projected to generate USD 43.73 billion by 2031, manifesting a CAGR of 25.3% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the cloud robotics market.
Key players in the cloud robotics market:
IBM, Kuka AG, Microsoft, Ortelio Ltd., Rapyuta Robotics Co. Ltd., Rockwell Automation Inc., ABB, Amazon Robotics, C2RO, Calvary Robotics, CloudMinds, Fanuc Corporation, Google, Hit Robot Group, Huawei, V3 Smart Technologies, and XTend Robotics.
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Segmental review of the cloud robotics market
The report offers a detailed segmentation of the global cloud robotics market based on component, service model, robot type, enterprise size, industry vertical, and region.
Based on component, the software segment held the dominating market share in 2021, holding nearly three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. The service segment, on the other hand, is expected to cite the fastest CAGR of 27.3% during the forecast period.
Based on service model, the SaaS segment held the largest market share in 2021, garnering nearly half of the global cloud robotics market, and is expected to maintain its leadership status during the forecast period. The IaaS segment, on the other hand, is expected to cite the fastest CAGR of 27.1% during the forecast period.
Based on robot types, the industrial robots segment held the dominating market share in 2021, garnering nearly three-fourths of the global cloud robotics market, and is expected to maintain its leadership status during the forecast period. The service robots segment, on the other hand, is expected to cite the fastest CAGR of 27.5% during the forecast period.
Based on region, the market across Asia-Pacific held the largest market share in 2021, holding more than two-thirds of the global cloud robotics industry, and is expected to maintain its leadership status during the forecast period. In addition, the same region is expected to cite the fastest CAGR of 26.0% during the forecast period. The report also analyses other regions such as North America, LAMEA and Europe.
Based on industry vertical, the manufacturing segment held the dominating cloud robotics market share in 2021, holding around four-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The aerospace and defense segment, on the other hand, is expected to cite the fastest CAGR of 28.8% during the forecast period.
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