The “Cloud Robotics Market by Technology, Robot Type, Hardware, Software, Services, Infrastructure and Cloud Deployment Types, and Industry Verticals 2022 – 2027” report has been added to ResearchAndMarkets.com’s offering.
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This report assesses the cloud robotics market including technologies, companies, strategies, use cases, and solutions. The report provides global and regional forecasts for cloud robotics apps, services, and components from 2022 to 2027.
Forecasts include the market outlook for cloud services support of cloud robotics including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Robotics as a Service (RaaS). Forecasting for cloud robotics by robot type and deployment model is also included covering Public Cloud, Private Cloud, Hybrid Cloud, and Community Cloud.
Select Report Findings:
- Global cloud robotics market will exceed $29 billion by 2027, growing at 35.4% CAGR
- Global AI market in cloud robotics will reach $19.3 billion by 2027, growing at 62.1% CAGR
- Global 5G in cloud robotics market will reach $10.6 billion by 2028, growing at 79.2% CAGR
- Cellular is the largest connectivity technology with 49.5% of the total cloud robotics market
- Peer-based is the largest implementation method with 44% of the total cloud robotics market
- Robotics as a Service is the largest business model with 43.3% of the total cloud robotics market
- North America is the largest region with 35% of the total cloud robotics market followed by Asia Pac
- Platforms, servers, and other infrastructure are the largest portion of the total cloud robotics market at 64% of total
Cloud robotics is distinguished from the general field of electromechanical automation through its use of teleoperation as well as reliance upon various cloud computing technologies such as computing and storage as well as the emerging cloud-based business models enabling robotics-as-a-service. In addition, cloud robotics will benefit greatly from edge computing technologies, such as Mobile Edge Computing (MEC), as well as the commercial introduction of 5G New Radio (5GNR) technologies based on millimeter-wave (mmWave) frequencies.
The combination of robotics, teleoperation, MEC, and core cloud technologies is poised to transform enterprise operations, industrial processes, and consumer services across many industry verticals. Both purpose-built and general-purpose robotics segments will benefit greatly from cloud operations as well as both terrestrial and aerial robots. In the case of the latter, mass consumerization will occur as end-users become accustomed to autonomous and remote-control robots for many different personal services tasks.
The cloud robotics market will usher into existence a much broader array of robotics services. This is due to several factors including much more flexible services execution, reduced operational friction (such as fewer proprietary interfaces), and improved economics through robotics-as-a-service in a cloud-based application model. Initially, industrial and government clients will see the greatest benefit, followed by the enterprise in certain leading industry verticals. The cloud robotics market will eventually open up to consumers in a limited manner.
Thanks to 5GNR wireless support, many cloud robotics applications will be untethered and portable, but not highly mobile due to line of sight (LOS) limitations of mmWave propagation. However, LOS will be adequate for many cloud robotics market applications such as those found in military and industrial solutions. Enterprise and government (federal, state, and local) security will be one of the leading solutions, which will typically be provided on a security-as-a-service basis through managed service robotics companies such as Knightscope, Inc.