Cloud-based smart robotics market is anticipated to grow at a CAGR of 26.6% during the forecast period. Cloud-based smart robotics allows robots to benefit from the powerful computational, storage, and communications resources of modern data centers. The growing technological advancements in AI across the globe is expected to propel the growth of the market during the forecast period. According to the International Federation of Robotics, various new technologies such as AI, big data, and 5G, drives government funding in Asia-Pacific, Europe and America. Furthermore, the new robot strategy in Japan is a key policy of the Abenomics growth strategy. The robot-related budget for 2019 has been increased to $351 million, to make Japan the robot innovation hub. The action plan includes manufacturing as well as important service sectors such as healthcare, agriculture, and infrastructure. Moreover, according to the statistical yearbook “World Robotics” by IFR, Japan is the number one industrial robot manufacturer and delivered 52% of the global supply in 2018.
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The global cloud-based smart robotics market is segmented based on the component, service model, application, and end-users. Based on the component, the market is bifurcated into software and services. Based on the service model, the market is sub-segmented into the IaaS, PaaS, RaaS, and SaaS. Based on the application, the market is further segmented into industrial robots and service robots. Based on the end-users the market is augmented into the automotive, manufacturing, healthcare, military & defense, retail & e-commerce, and others. The RaaS is expected to be the fastest-growing segment during the forecast period owing to the concept of RaaS is that organizations can access services through a cloud-based subscription without making huge investments.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Cloud-Based Smart Robotics Market Report Segment
By Component
- Software
- Services
By Service Models
- IaaS
- PaaS
- RaaS
- SaaS
By Application
- Industrial Robot
- Service Robot
By End-Users
- Automotive
- Manufacturing
- Healthcare
- Healthcare
- Military & Defense
- Retail & E-Commerce
- Others
Global Cloud-Based Smart Robotics Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cloud-based smart robotics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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