Cloud-Based Smart Robotics Market
Cloud-Based Smart Robotics Market Size, Share & Trends Analysis Report by Component (Software and Services), by Service Model (IaaS, PaaS, RaaS, and SaaS), by Application (Industrial Robot and Service Robot), and by End-Users (Automotive, Manufacturing, Healthcare, Military & Defense, Retail & E-Commerce, and Others) Forecast Period (2022-2028)
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.
Segmental Outlook
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.
Among the application, the industrial robot is expected to hold a prominent share in the cloud-based smart robotics market during the forecast period owing to the adoption of smart factory systems. With the rapid increase in competition, consumer demands, and industrial automation, manufacturing units across the globe are pushed to adopt newer technological innovations and digital transformation solutions. Industry 4.0 is progressively transitioning factories from having legacy systems to smart components & smart machines to enabling digital factories which are contributing to the market growth. Furthermore, the market players are launching new smart factory solutions which in return drive the growth of the market. For instance, in November 2021, ABB launched ABB Ability Smart Melt Shop, the first smart factory digital application of its kind for the metals industry. It is designed to increase melt shop productivity, save energy and improve employee safety, with payback within six months. Moreover, based on advanced digital algorithms, the new solution is unique in that it offers not only powerful real-time ladle tracking but also automated crane scheduling and a predictive thermal modeling engine.
Regional Outlooks
The global cloud-based smart robotics market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Europe region is expected to hold remarkable growth during the forecast period owing to the growing investments in the automotive industry in countries such as Germany and France are contributing growth to the market growth.
Global Cloud-Based Smart Robotics Market Growth, by Region 2022-2028
The North American Region is Expected to Hold a Significant Share in the Global Cloud-Based Smart Robotics Market
Among all the regions, the North American region is expected to hold a significant market share during the forecast period. The rapidly growing advanced technologies in the region such as machine learning, cloud computing, internet of things, among others will positively impact the market growth. For instance, the National Robotics Initiative (NRI) in the US was launched for fundamental robotics R&D supported by the US Government. With NRI-2.0, a collaboration between academics, industry, non-profits, and other organizations is encouraged to accomplish better connections between fundamental science, engineering, technology development, deployment, and use. Furthermore, the US government is planning a budget of 35 billion USD from 2020 to 2024.
Market Players Outlook
The major companies serving the global cloud-based smart robotics market include ABB Ltd., Amazon.com, Inc., Cloud minds Technology Inc., Google LLC, Hit Robot Group, Huawei Technologies Co., Ltd., IBM Corp., Invia Robotics Inc., Microsoft Corp., Rapyuta Robotics, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2019, CloudMinds Technology Inc., a global pioneer in cloud artificial intelligence architecture that makes robots and businesses smarter for the benefit of all humanity launched an innovative Smart Robot rental program that provides consumers and businesses easy access to intelligent cloud service robots. From natural language processing (NLP) technology that enables smart interactions and conversations in multiple languages, dancing, and gestures to other advanced capabilities for entertaining guests, humanoid cloud robots can help create customized brand experiences and memorable interactions that aren’t possible with ordinary robots.
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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Cloud-Based Smart Robotics Market by Component
4.1.1. Software
4.1.2. Services
4.2. Global Cloud-Based Smart Robotics Market by Service Model
4.2.1. IaaS
4.2.2. PaaS
4.2.3. RaaS
4.2.4. SaaS
4.3. Global Cloud-Based Smart Robotics Market by Application
4.3.1. Industrial Robot
4.3.2. Service Robot
4.4. Global Cloud-Based Smart Robotics Market by End-Users
4.4.1. Automotive
4.4.2. Manufacturing
4.4.3. Healthcare
4.4.4. Military & Defense
4.4.5. Retail & E-Commerce
4.4.6. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ABB Ltd.
6.2. Amazon.com, Inc.
6.3. Appengine.ai
6.4. C2ro Cloud Robotics Inc.,
6.5. Cloud minds Technology Inc.
6.6. Google LLC
6.7. Hit Robot Group
6.8. Huawei Technologies Co., Ltd.
6.9. IBM Corp.
6.10. Invia Robotics Inc.
6.11. Microsoft Corp.
6.12. Ortelio Ltd.
6.13. Rapyuta Robotics
6.14. Tend Ai Inc.
6.15. V3 Smart Technologies
1. GLOBAL CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL SOFTWARE FOR CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SERVICES FOR CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY SERVICE MODEL, 2021-2028 ($ MILLION)
5. GLOBAL IAAS SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PAAS SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL RAAS SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL SAAS SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
10. GLOBAL CLOUD-BASED SMART ROBOTICS FOR INDUSTRIAL ROBOT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL CLOUD-BASED SMART ROBOTICS FOR SERVICE ROBOT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
13. GLOBAL CLOUD-BASED SMART ROBOTICS FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL CLOUD-BASED SMART ROBOTICS FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL CLOUD-BASED SMART ROBOTICS FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL CLOUD-BASED SMART ROBOTICS FOR MILITARY & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL CLOUD-BASED SMART ROBOTICS FOR RETAIL & E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL CLOUD-BASED SMART ROBOTICS BY OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. NORTH AMERICAN CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. NORTH AMERICAN CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
22. NORTH AMERICAN CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY SERVICE MODEL, 2021-2028 ($ MILLION)
23. NORTH AMERICAN CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. NORTH AMERICAN CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
25. EUROPEAN CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. EUROPEAN CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
27. EUROPEAN CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY SERVICE MODEL, 2021-2028 ($ MILLION)
28. EUROPEAN CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. EUROPEAN CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
32. ASIA-PACIFIC CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY SERVICE MODEL, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
34. ASIA-PACIFIC CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
35. REST OF THE WORLD CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
36. REST OF THE WORLD CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
37. REST OF THE WORLD CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY SERVICE MODEL, 2021-2028 ($ MILLION)
38. REST OF THE WORLD CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
39. REST OF THE WORLD CLOUD-BASED SMART ROBOTICS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
1. GLOBAL CLOUD-BASED SMART ROBOTICS MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
2. GLOBAL SOFTWARE FOR CLOUD-BASED SMART ROBOTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL SERVICES FOR CLOUD-BASED SMART ROBOTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL CLOUD-BASED SMART ROBOTICS MARKET SHARE BY SERVICE MODEL, 2021 VS 2028 (%)
5. GLOBAL IAAS SMART ROBOTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL PAAS SMART ROBOTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL RAAS SMART ROBOTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL SAAS SMART ROBOTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL CLOUD-BASED SMART ROBOTICS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
10. GLOBAL CLOUD-BASED SMART ROBOTICS FOR INDUSTRIAL ROBOT MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL CLOUD-BASED SMART ROBOTICS FOR SERVICE ROBOT MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL CLOUD-BASED SMART ROBOTICS MARKET SHARE BY END-USERS, 2021 VS 2028 (%)
13. GLOBAL CLOUD-BASED SMART ROBOTICS FOR AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL CLOUD-BASED SMART ROBOTICS FOR MANUFACTURING MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL CLOUD-BASED SMART ROBOTICS FOR HEALTHCARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL CLOUD-BASED SMART ROBOTICS FOR MILITARY & DEFENSE MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL CLOUD-BASED SMART ROBOTICS FOR RETAIL & E-COMMERCE MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL CLOUD-BASED SMART ROBOTICS BY OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. GLOBAL CLOUD-BASED SMART ROBOTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. US CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
21. CANADA CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
22. UK CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
23. FRANCE CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
24. GERMANY CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
25. ITALY CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
26. SPAIN CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF EUROPE CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
28. INDIA CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
29. CHINA CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
30. JAPAN CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
31. SOUTH KOREA CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF ASIA-PACIFIC CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD CLOUD-BASED SMART ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
