Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Insight- Global Cloud Robotics Market

Market Overview

Cloud robotics is the seamless integration of robotics and cloud computing, internet technologies, and cloud storage. Cloud robotics are used to enhance the learning abilities of robots. It allows robots to take advantage of powerful computational, storage, and communication resources of modern data centers. Moreover, it facilitates robots to benefit from the rampant increase in data transfer rates to offload tasks without hard real-time requirements. Therefore, it is possible to build a smart robot with a ‘brain’ in the cloud. The brain refers to the knowledge base, data center, deep learning, task planners, etc. Cloud robotics is related to four basic robotic operations namely data capturing with the help of a robot (onboard/integrated sensors and nodes), processing the collected data on cloud servers, application of the processed data, and feedback sent to the servers for further analysis.

The global Cloud Robotics Market market was accounted for US$ 7,543.6 Mn in terms of value and is expected to grow at a CAGR of 32.4% during the forecast period.

Market Dynamics- Drivers

  1. Increasing demand for automation in industries is expected to drive growth of the global cloud robotics market during the forecast period

Many industrial processes such as painting, machining, material handling, welding, and assembling are now being replaced with automated robots. These robots use electrical, mechanical, and software systems to perform the designated task with higher accuracy, speed, and precision, which exceeds human performance. Moreover, automation in industrial robots has been very successful, owing to its high precision and speed in structured factory environments. However, these robots need to be integrated with network technologies, in order to deploy them in unstructured environments. Thus, robots are now being interconnected through the cloud, enabling them to remotely access datasets to support different types of functions. Hence, automation in industries is expected to boost the global cloud robotics market growth during the forecast period.

  1. Technological advancements in artificial intelligence are expected to propel the global cloud robotics market growth over the forecast period

Constant research and development in artificial intelligence and related technologies are expected to increase the adoption of cloud robotics. According to the report ‘Preparing for the future of Artificial intelligence’ published by the National Science and Technology Council Committee on Technology in October 2016, the U.S. government invested US$ 1.1 billion in R&D in AI-related technologies in 2015. Artificial intelligence enables robot systems with powerful capabilities and also reduces operational costs. Therefore, it has become possible to build cost-effective, lightweight, and smarter robots with an intelligent operating system (OS), which consists of a data center, communication support, information processing, knowledge base, etc. Furthermore, robots need a massive amount of resources and computational power to think similarly to that of a human. Technological advancements in artificial intelligence can help robots to draw resources from multiple data centers, in effect spreading out the demand. For instance, RoboEarth is paving the way for advancement in machine behavior and cognition by allowing robotic systems to benefit from the experience of other robots. Thus, these factors are expected to propel the market growth in the near future.

North America region dominated the global Cloud Robotics market in 2019, accounting for 36.0% share in 2019 followed by Europe and Asia Pacific, respectively

Cloud Robotics  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. Concerns regarding security and data privacy are expected to hamper the global cloud robotics market growth during the forecast period

One of the major issues regarding cloud robotics is security and privacy concerns. Hosting confidential data with providers of cloud involves the transfer of an organization’s control over data security to the cloud service providers. Every cloud contains considerable information from the client, which includes their personal data. If a household robot gets hacked, users could be in danger of their personal privacy and security thereby putting the user at risk. Moreover, hacked robots can carry out illicit or dangerous activities and can cause severe accidents. Hence, such issues are expected to hamper the market growth during the forecast period.

  1. High capital investment and R&D expenses are expected to hinder growth of the global cloud robotics market over the forecast period

Initial capital investment required for manufacturing of a cloud-integrated robot is significantly high. Moreover, for advanced technologies and customized applications, manufacturers need to invest heavily in research and development activities. As a result of this, such a robot becomes substantially expensive and unaffordable for small industries or end users. Therefore, high initial cost and R&D expenditure are expected to restrict growth of the global cloud robotics market over the forecast period.

Market Opportunities

  1. Advent of 5G technology can provide major growth opportunities over the forecast period

Deployment of cloud-based robotic systems requires reliable and constant connectivity, regardless of the environment it operates within. Wireless technology offers these solutions and eliminates the need for complex wireline connections to provide communication systems. Moreover, 5G is expected to offer very low latency and is an obvious choice for applications that require high capacity. 5G supports a wider range of requirements such as sub-millisecond latency. For instance, Ericsson has partnered with biomedical companies such as EI.En and Imaginalis for robotic-assisted surgeries and remote diagnosis.

  1. Technological advancements in robotic applications are expected to present lucrative business opportunities

The development in the robotics industry has enabled new robots to perform a plethora of applications. Robots can now perceive, manipulate, place and pick a wide variety of objects in less structured environments. Cloud robotics is considered as a step-further in this, enabling major advancements in automotive and other industrial applications. For instance, Google’s driverless cars are cloud robots, these cars use cloud services to navigate using Google’s enormous database of satellite and maps. These cars combine this data with current and past traffic patterns to avoid collisions.

Cloud Robotics  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Use of infrared sensors is a major trend in the market

Cloud robotics uses the data obtained from sensor networks and robots, which in conjunction form an ecosystem to store the information and reuse the data when required. There is a number of nodes in a robotic operating system. Infrared sensors’ driver can act as a node that publishes sensor data in a stream of messages. These messages are used by several other nodes in the network. For instance, Aldebaran Nao is a humanoid robot that contains several touch sensors on robot’s head, multiple infrared sensors, and many more features. Numerous sensors in his hands, feet, and head enable him to perceive the environment.

  1. Enhanced clone-based implementations

Clone-based robots are gaining traction in the market at a higher rate with increasing adoption of cloud robotics. In clone-based robots, the applications or tasks can be divided between the robots or its clone in the cloud. Robotic clones can form an enhanced network with strong connectivity for improved data transfer and connectivity. For instance, CA Technologies has developed cloning systems for various robotic applications. This cloning platform avoids robot device ID duplication for improved results and elimination of unexpected results.

The Industrial Cloud Robotics application of Cloud Robotics Market is expected accounted for 65.4% in 2019 and is expected to dominate the market during the forecast period

Cloud Robotics  | Coherent Market Insights

Source: Coherent Market Insights

Value Chain Analysis

Cloud Robotics  | Coherent Market Insights

Competitive Section

Hardware manufacturers: Universal Robots, Rockwell Automation, Inc., Yaskawa Electric Corporation, Kuka AG, Fanuc Corporation, and ABB Group.

Software providers: Calvary Robotics, Tend.ai, Hot Black Robotics Srl, and Rapyuta Robotics Co. Ltd.

Service Providers: Automation IG, Motion Controls Robotics, Matrix Industrial Automation, Wolf Robotics LLC, and Tech-Con Automation Inc.

Key Developments

  1. Key players in the market are focused on collaborations and partnerships, in order to enhance the market presence. For instance, in April 2017, Kuka AG collaborated with SAP SE to work together around Industrial 4.0 and Industrial Internet of Things (IIoT) to endorse the automation and flexibility of production processes.
  2. Key companies in the market are involved in capacity expansion, in order to gain competitive edge in the market. For instance, in October 2018, ABB Group invested US$ 150 million in its new advanced robotics factory situated in Shanghai, China.

Cloud robotics is the seamless integration of robotics and cloud computing, internet technologies, and cloud storage. Cloud robotics are used to enhance the learning abilities of robots. It allows robots to take advantage of powerful computational, storage, and communication resources of modern data centers. Cloud robotics is associated with four primary robotic operations namely data capturing with the help of a robot (onboard/integrated sensors and nodes), processing the collected data on cloud servers, application of the processed data, and feedback sent to the servers for further analysis.

Market Dynamics

Various organizations across the world are focused on investing in cloud infrastructure. According to the Telecom Regulatory Authority of India (TRAI), a consultation paper on cloud computing published in June 2016, cloud computing accounted for 33% of IT expenditure globally in 2015. Cloud computing allows access to parallel grid computing for statistical analysis, learning, and motion planning of robots. It also provides benefits from the powerful storage, communication and computational resources of modern data centers. Furthermore, it decreases reliance on custom middleware and eliminates overheads for updates and maintenance. Cloud computing facilitates robots to offload computationally intensive tasks into the cloud. It provides robots access to databases in the cloud and can obtain information and data to perform certain tasks. This eliminates the need to create and maintain such data. Moreover, big data provides robots access to updated libraries of object/product data, maps, and images. With the help of a big data analytics platform, operators can access data transmitted wirelessly by connected to robots to enhance manufacturing processes.

Market Taxonomy

This report segments the global Cloud robotics market on the basis of by component, implementation type, by technology, by application, and region.

On the basis of component, the global Cloud robotics market is segmented into Hardware, Software and Service. Hardware is further segmented into Robot, Hardware Components. Software is segmented into Infrastructure as a Service (IaaS), Robotics as a Service (RaaS) & Platform as a Service (PaaS), Robotics Application Software. Services is further segmented into System Integration, Connectivity Service, Other Professional Services.

 On the basis of Implementation Type, global Cloud robotics market is segmented into Peer Based Proxy Based, and Clone Based. On the basis of technology, global Cloud robotics market is segmented into Bluetooth, Wi-Fi, 3G, 4G, 5G, RF, and Infrared. On the basis of application, global Cloud robotics market is segmented into Industrial Cloud Robotics (Automotive, Defense, Manufacturing, Transportation & Logistics, Others), Professional Service Cloud Robotics (Agriculture, Health Care (Hospitals and Clinics),vAerospace (Travel and Tourism), Retail and Others), Personal Service Cloud Robotics (Entertainment, Education, Personal Healthcare, Others).  On the basis of region, global Cloud robotics market is segmented into North America, Latin America, Europe, APAC, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global Cloud robotics market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Cloud robotics market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global Cloud robotics market includes Hardware manufacturers: Universal Robots, Rockwell Automation, Inc., Yaskawa Electric Corporation, Kuka AG, Fanuc Corporation, and ABB Group. Software providers: Calvary Robotics, Tend.ai, Hot Black Robotics Srl, and Rapyuta Robotics Co. Ltd. Service Providers: Automation IG, Motion Controls Robotics, Matrix Industrial Automation, Wolf Robotics LLC, and Tech-Con Automation Inc.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global Cloud robotics market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Cloud robotics market.

Detailed Segmentation:

  1. Global Cloud robotics Market, By Component
  • Hardware
    • Robot
    • Hardware Components
  • Software
    • Infrastructure as a Service (IaaS)
    • Robotics as a Service (RaaS) & Platform as a Service (PaaS)
    • Robotics Application Software
  • Services
    • System Integration
    • Connectivity Service
    • Other Professional Services
  1. Global Cloud robotics Market ,By Implementation Type
  • Peer Based
  • Proxy Based
  • Clone Based
  1. Global Cloud robotics Market ,By Deployment Model
  • On-premise
  • Cloud
  1. Global Cloud robotics Market ,By Technology
  • Bluetooth
  • Wi-Fi
  • 3G
  • 4G
  • 5G
  • RF
  • Infrared
  1. Global Cloud robotics Market, By Application
  • Industrial Cloud Robotics
    • Automotive
    • Defense
    • Manufacturing
    • Transportation & Logistics
    • Others
  • Professional Service Cloud Robotics
    • Agriculture
    • Health Care (Hospitals and Clinics)
    • Aerospace (Travel and Tourism)
    • Retail
    • Others
  • Personal Service Cloud Robotics
    • Entertainment
    • Education
    • Personal Healthcare
  • Others
  1. Global Cloud robotics Market ,By Region
  • North America
  • Latin America
  • Europe
  • APAC
  • Middle East and Africa
  • Company Profiles
    • Hardware manufacturers:
      • Universal Robots *
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Rockwell Automation, Inc.
      • Yaskawa Electric Corporation
      • Kuka AG
      • Fanuc Corporation
      • ABB Group
    • Software providers:
      • Calvary Robotics
      • Tend.ai
      • Hot Black Robotics Srl
      • Rapyuta Robotics Co. Ltd.
    • Service providers:
      • Automation IG
      • Motion Controls Robotics
      • Matrix Industrial Automation
      • Wolf Robotics LLC
      • Tech-Con Automation Inc

*Browse all the market data tables and figures on “Global Cloud Robotics Market - Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Component
      • Market Snippet, By Implementation Type
      • Market Snippet, By Technology
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Cloud robotics Market, By Component, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Hardware
      • Introduction
        • Market Size and Forecast, 2019–2027, (US$ Million)
        • Robot
        • Hardware Components
    • Software
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
      • Infrastructure as a Service (IaaS)
      • Robotics as a Service (RaaS) & Platform as a Service (PaaS)
      • Robotics Application Software
    • Services
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
      • System Integration
      • Connectivity Service
      • Other Professional Services
  5. Global Cloud robotics Market, By Implementation Type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Peer Based
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Proxy Based
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Clone Based
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  6. Global Cloud robotics Market, By Technology, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Bluetooth
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Wi-Fi
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • 3G
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • 4G
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • 5G
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • RF
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Infrared
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  7. Global Cloud robotics Market, By Application, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Industrial Cloud Robotics
      • Introduction
        • Market Size and Forecast, 2019–2027, (US$ Million)
        • Automotive
        • Defense
        • Manufacturing
        • Transportation & Logistics
        • Others
    • Professional Service Cloud Robotics
      • Introduction
        • Market Size and Forecast, 2019–2027, (US$ Million)
        • Agriculture
        • Health Care (Hospitals and Clinics)
        • Aerospace (Travel and Tourism)
        • Retail
        • Others
    • Personal Service Cloud Robotics
      • Introduction
        • Market Size and Forecast, 2019–2027, (US$ Million)
        • Entertainment
        • Education
        • Personal Healthcare
        • Others
  8. Global Cloud robotics Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Implementation Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Implementation Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • APAC
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Implementation Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Implementation Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Implementation Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • Newgen Software
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Adobe Systems Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Xerox Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cincom Systems Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Pitney Bowes, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Doxee S.p.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Oracle Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • EMC Corporation (Dell)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • OpenText Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • HP Enterprise.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on “Global Cloud robotics Market-forecast to 2027”.

Frequently Asked Questions

The global cloud robotics market is estimated to account for US$ 7,543.6 Mn in terms of value in 2019.
Major players operating in the global cloud robotics market include niversal Robots, Rockwell Automation, Inc., Yaskawa Electric Corporation, Kuka AG, Fanuc Corporation, ABB Group, Automation IG, Motion Controls Robotics, Matrix Industrial Automation, Wolf Robotics LLC, and Tech-Con Automation Inc, among others.
Concerns regarding security and data privacy is one of the major factors that is expected to hamper growth of the market over the forecast period.
The increasing demand for automation in industries is one of the major factors that is expected to propel growth of the market over the forecast period.
Rising adoption of infrared sensors is one of the major trends that has been observed in the market.
Among regions, North America is expected to hold a dominant position in the global cloud robotics market in 2019, accounting for 36.0% share in 2019 followed by Europe and Asia Pacific, respectively.
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