“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).“
Cloud Robotics – A Market Overview and Forecast 2020 – 2025, This report presents a profound evaluation of basic elements of Cloud Robotics industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.
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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.
– The cloud-based AI and connectivity are likely to shape the development of the robotic cloud market significantly over the forecast period. Many technology giants have developed AI-based systems that are being widely used. Hence, the investment by these vendors in the robotics market will also innovate new solutions for cloud robotics too.
– Increasing adoption of smart devices, the evolution of bandwidth, and rising cloud streaming services are also owing to the growth of connected robots market. GSMA predicted that by 2025, there would be around 25.1 billion IoT connected devices, which are 7.5 billion in 2017. This offers a massive opportunity for connected robots and their platform market.
The cloud robotics market is fragmented. Overall, the competitive rivalry among existing competitors is moderate. Moving forward, acquisitions and collaboration of large companies with startups are expected, which are focused toward innovation.
Scope of the Report
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 centres. 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.
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Furthermore, this study will help to solve the following issues:
- Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
- Identifying key cannibalizes– Strong substitute of a product or service is that the most prominent threat. Report includes key cannibalizes of a market, by procuring marketing research. This helps in aligning new product development/launch strategies before.
- Spotting emerging trends– Report helps to identify upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by a specific emerging trend.
- Interrelated opportunities–This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.
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The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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