Global Cloud Robotics Market Expected to Surge at an Impressive CAGR of 32.4% during the Forecast period 2016–2024

Albany, New York, April 3, 2017: With technological advancements in cloud robotics and rising uptake of cloud robots from industrial sectors, the market is expected to expand rapidly in the coming decade. Market Research Reports Search Engine (MRRSE) has recently announced the addition of a research report to its massive online archive, titled as ‘Global Cloud Robotics Market- Industry Analysis, Share, Growth, Size, Trends and Forecast 2016–2024’. This study provides a thorough strategic analysis of the global cloud robotics industry along with growth and revenue forecast for the period from 2016 to 2024.

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According to key findings of the report, the global cloud robotics market is expected to at an impressive CAGR of 32.4% between 2016 and 2024. At this pace, the market will reach an evaluation of US$21.94 billion by the end of 2024 from US$1.38 billion in 2015. This report offers an in-depth study of market dynamics such as market drivers, restraints, risks and opportunities along with their impact on the global market. Besides this, the effect of prominent trends and other macro & micro economic factors has been examined while developing the market growth models. It provides a comprehensive coverage of the fundamental economic and scientific factors influencing the market growth.

Furthermore, the global cloud robotics market is scrutinized by segmenting it on the basis of component, connectivity technology, implementation and application. Based on component, the market is classified into hardware, software and services. The implementation types segments covered in the study are proxy based, peer based and clone based. Also, on the basis of connectivity technology, the market is segmented into 3G, 4G, 5G, Bluetooth, Wi-Fi, RF and infrared. The segments based on application are the following:

  • Industrial cloud robotics: defense, automotive, manufacturing, transportation & logistics and others
  • Professional service cloud robotics: agriculture, healthcare, aerospace, retail and others
  • Personal service cloud robotics: entertainment, personal healthcare, education and others

Geographically, the global market has been segregated into five segments, namely, North America, Europe, South America, Middle East & Africa and Asia Pacific. The market size, revenue and market share has been forecasted for each region for the period of 2016 – 2024. The analysis by segmentations helps in evaluating the present scenario and future growth prospects of the market.

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The report provide the profiles of key players in the market in terms of various aspects such as company overview, business strategies, financial overview, SWOT analysis, segment presence and major recent developments. The major players included in this report are Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, ABB Group, Rapyuta Robotics Co. Ltd.,, Universal Robotics A/S Inc., Calvary Robotics, Matrix Industrial Automation, HotBlack Robotics Srl, Rockwell Automation, Wolf Robotics LLC, Motion Controls Robotics, Tech Con Automation Inc., and Automation IG.

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