Cloud Robotics Market by Component (Software and Services), Service Model (IaaS, PaaS, and SaaS), Application, Deployment Model (Public, Private, and Hybrid Cloud), End-User (Verticals and Third-Party Users), and Region - Global Forecast to 2022
[122 Pages Report] The global cloud robotics market to grow from USD 2.20 Billion in 2017 to USD 7.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period. The major factors driving the market growth are the proliferation of the cloud technology, broad spectrum use of wireless technologies increase in the adoption of IoT and advancements in AI and machine learning technologies.
This report aims at estimating the market size and growth potential of the cloud robotics market across different segments: components (software and services), service models (Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS)), applications (industrial robots, military robots, commercial robots and personal robots), deployment models, end-users (verticals and third-party users), and regions. The primary objective of the report is to provide a detailed analysis of the major factors (drivers, restraints, opportunities, industry-specific challenges, and recent developments) influencing the market growth, analyze the market opportunities for stakeholders, and offer details of the competitive landscape to the market leaders.
The research methodology used to estimate and forecast the cloud robotics market size began with capturing data on the key vendor revenues through secondary sources, such as annual reports, ResearchGate, Springer, IEEE Xplore, press releases and investor presentations of companies, and white papers, certified publications, and articles from recognized associations and government publishing sources. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenues of the key market players. After arriving at the overall market size, the market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the primary participants is depicted in the figure below:
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The cloud robotics market includes companies such as Amazon Robotics (US), Google (US), Huawei (China), IBM (US), Microsoft (US), C2RO (Canada), CloudMinds (US), Hit Robot Group (US), V3 Smart Technologies (Singapore), Rapyuta Robotics (Japan), Ortelio (UK),and Tend (US).
Key Target Audience
- Software vendors
- Machine-to-Machine (M2M) and telecom providers
- Internet of Things (IoT) platform/middleware providers
- Device and sensor providers
- Cloud platform providers
- Third-party integration providers
- Consultancy firms and advisory firms
- Robot manufacturers
- Investors and venture capitalists
- Value-added Resellers (VARs)
- Software and application developers
- Government agencies
Scope of the Cloud Robotics Market Report
|
Report Metric |
Details |
|
Market size available for years |
20152022 |
|
Base year considered |
2016 |
|
Forecast period |
20172022 |
|
Forecast unit |
Value (USD) |
|
Segments covered |
Software, Services, Service Model, Application, Deployment Model, End-User and Region |
|
Geographies covered |
North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA) |
|
Companies covered |
Amazon Robotics (US), Google (US), Huawei (China), IBM (US), Microsoft (US), C2RO (Canada), CloudMinds (US), Hit Robot Group (US), V3 Smart Technologies (Singapore), Rapyuta Robotics (Japan), Ortelio (UK),and Tend (US) |
The research report categorizes the market to forecast the revenues and analyze the trends in each of the following subsegments:
Cloud Robotics Market By Component
- Software
- Services
- Consulting services
- Implementation services
- Training and support services
Market By Service Model
- IaaS
- PaaS
- SaaS
Cloud Robotics Market By Application
- Industrial robots
- Customer robots
- Military robots
- Commercial robots
Market By End-user
- Third party users
- Verticals
- Manufacturing
- Defense
- Banking, Financial Services, and Insurance (BFSI)
- Transportation and Logistics
- Healthcare and Life Sciences
- Retail
- Others (agriculture, education, and entertainment)
Cloud Robotics Market By Region
- North America
- Europe
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific requirements. The following customization options are available for the report:
Product Analysis
- Product matrix provides detailed product information and comparison
Geographic Analysis
- Further breakdown of the North American cloud robotics market
- Further breakdown of the European market
- Further breakdown of the APAC market
- Further breakdown of the MEA market
- Further breakdown of the Latin American market
Company Information
- Detailed analysis and profiling of additional market players
In the components segment, the software segment is expected to have the larger market share during the forecast period, due to the rapid need for developing businesses and building better applications and the changing database environment. This is expected to result in the need for advanced and flexible robot cloud software solutions for addressing multiple challenges. In the services segment, the training and support services segment is expected to grow at the fastest growth rate during the forecast period. These services are designed to provide a wide range of service offerings that help meet the specific needs of customers who require maximum benefits from their hardware and software. These services also assist the robot manufacturers and integrators in successfully implementing cloud robotics solutions.
In the deployment types segment, the public cloud deployment type is expected to carry the largest market share as compared to that of the private and hybrid cloud deployment types. Most of the cloud robotics developers prefer using the public cloud deployment model, because of its cost-effectiveness and benefits. The public cloud is highly scalable, flexible, and cost-efficient as compared to the private cloud. The public cloud services may be offered free of cost, or on a pay-per-use model, depending upon the requirements of the end-users. The cloud storage providers prefer the public cloud deployment model the most, due to the ease of access and faster deployment feature. In the verticals segment, the manufacturing vertical is expected to have the largest market share in the cloud robotics market in 2017. The demand for robotic machines is continuously increasing among manufacturers, as they are looking for ways to improve their operational efficiencies as well as mitigate their costs. In the manufacturing industry, robotic arms are used for replacing manual labour. Manufacturers are taking benefits of robot simulations, which are increasing the efficiency of production processes, quality control, predictive maintenance, and product innovation. This also helps companies in reducing the production time as well as the costs associated with it.
North America is expected to have the largest share in the cloud robotics market during the forecast period. The reason being, the majority of vendors, such as IBM, Microsoft, Google, and Amazon Robotics, are based in North America. The region is also expected to account for the major market share and considered the most advanced region in terms of cloud, AI, and machine learning technologies. The region witnesses many R&D activities in the field of robotics for o bringing advancements to cloud computing, AI, robotics, and machine learning technologies. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period, as the region is home to a creditable amount of manufacturing units, which are gradually embracing the adoption of advanced technologies, such as cloud robotics.
The proliferation of cloud technology, broad spectrum use of wireless technologies and smart devices, increase in adoption of IoT, and advancements in AI and machine learning technologies are expected to drive the growth of the cloud robotics market. However, data privacy and security concerns, and high initial costs and R&D expenses may hinder the market growth and act as a restraining factor that can hamper business-critical functions in the market.
The major vendors in the cloud robotics market are Amazon Robotics (US), Google (US), Huawei (China), IBM (US), Microsoft (US), C2RO (Canada), CloudMinds (US), Hit Robot Group (US), V3 Smart Technologies (Singapore), Rapyuta Robotics (Japan), Ortelio (UK), and Tend (US).
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Market Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 28)
4.1 Attractive Market Opportunities in the Cloud Robotics Market
4.2 Market Share of Top 3 Applications and Regions
4.3 Market Investment Scenario
5 Market Overview and Industry Trends (Page No. - 30)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Proliferation of the Cloud Technology
5.2.1.2 Broad Spectrum Use of Wireless Technologies and Smart Devices
5.2.1.3 Increase in the Adoption of IoT and Advancements in AI and Machine Learning Technologies
5.2.2 Restraints
5.2.2.1 Data Privacy and Security Concerns
5.2.2.2 High Initial Costs and R&D Expenses
5.2.3 Opportunities
5.2.3.1 Increase in the Use of Robots for Industrial Automation
5.2.3.2 Rise in Demand for Robotics-As-A-Service (RaaS)
5.2.3.3 Growth Potential Across the Developing Nations
5.2.4 Challenges
5.2.4.1 Longer Time to Commercialize the Robots
5.3 Use Cases
5.3.1 Use Case 1: Amazon
5.3.2 Use Case 2: Ortelio
5.3.3 Use Case 3: Ericsson
6 Cloud Robotics Market By Component (Page No. - 35)
6.1 Introduction
6.2 Software
6.3 Services
6.3.1 Consulting Services
6.3.2 Implementation Services
6.3.3 Training and Support Services
7 Cloud Robotics Market By Service Model (Page No. - 42)
7.1 Introduction
7.2 Infrastructure-As-A-Service
7.3 Platform-As-A-Service
7.4 Software-As-A-Service
8 Cloud Robotics Market By Application (Page No. - 47)
8.1 Introduction
8.2 Industrial Robots
8.3 Consumer Robots
8.4 Military Robots
8.5 Commercial Robots
9 Cloud Robotics Market By Deployment Model (Page No. - 52)
9.1 Introduction
9.2 Public Cloud
9.3 Private Cloud
9.4 Hybrid Cloud
10 Cloud Robotics Market By End-User (Page No. - 57)
10.1 Introduction
10.2 Verticals
10.2.1 Manufacturing
10.2.2 Defense
10.2.3 Banking, Financial Services, and Insurance
10.2.4 Transportation and Logistics
10.2.5 Healthcare and Life Sciences
10.2.6 Retail
10.2.7 Others
10.3 Third-Party Users
11 Cloud Robotics Market By Region (Page No. - 66)
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East and Africa
11.6 Latin America
12 Competitive Landscape (Page No. - 85)
12.1 Overview
12.2 Prominent Players Operating in the Cloud Robotics Market
12.3 Competitive Scenario
12.3.1 Partnerships, Agreements, and Collaborations
12.3.2 New Product/Service Launches
12.3.3 Business Expansions
13 Company Profiles (Page No. - 90)
13.1 Introduction
13.2 Amazon Robotics
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.3 Google
13.4 Huawei
13.5 IBM
13.6 Microsoft
13.7 C2RO
13.8 Cloudminds
13.9 Hit Robot Group
13.10 V3 Smart Technologies
13.11 Rapyuta Robotics
13.12 Ortelio
13.13 Tend
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 112)
14.1 Other Key Developments
14.1.1 Partnerships, Collaborations, and Agreements
14.2 Discussion Guide
14.3 Knowledge Store: MarketsandMarkets Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details
List of Tables (71 Tables)
Table 1 United States Dollar Exchange Rate, 20142016
Table 2 Cloud Robotics Market Size, By Component, 20152022 (USD Million)
Table 3 Software: Market Size By Region, 20152022 (USD Million)
Table 4 Services: Market Size By Type, 20152022 (USD Million)
Table 5 Services: Market Size By Region, 20152022 (USD Million)
Table 6 Consulting Services Market Size, By Region, 20152022 (USD Million)
Table 7 Implementation Services Market Size, By Region, 20152022 (USD Million)
Table 8 Training and Support Services, By Region, 20152022 (USD Million)
Table 9 Cloud Robotics Market Size, By Service Model, 20152022 (USD Million)
Table 10 Infrastructure-As-A-Service: Market Size By Region, 20152022 (USD Million)
Table 11 Platform-As-A-Service: Market Size, By Region, 20152022 (USD Million)
Table 12 Software-As-A-Service: Market Size By Region, 20152022 (USD Million)
Table 13 Cloud Robotics Market Size, By Application, 20152022 (USD Million)
Table 14 Industrial Robots: Market Size, By Region, 20152022 (USD Million)
Table 15 Consumer Robots: Market Size By Region, 20152022 (USD Million)
Table 16 Military Robots: Market Size By Region, 20152022 (USD Million)
Table 17 Commercial Robots: Market Size By Region, 20152022 (USD Million)
Table 18 Cloud Robotics Market Size, By Deployment Model, 20152022 (USD Million)
Table 19 Public Cloud: Market Size By Region, 20152022 (USD Million)
Table 20 Private Cloud: Market Size By Region, 20152022 (USD Million)
Table 21 Hybrid Cloud: Market Size By Region, 20152022 (USD Million)
Table 22 Cloud Robotics Market Size, By End-User, 20152022 (USD Million)
Table 23 Verticals: Market Size By Region, 20152022 (USD Million)
Table 24 Verticals: Market Size By Type, 20152022 (USD Million)
Table 25 Manufacturing Market Size, By Region, 20152022 (USD Million)
Table 26 Defense Market Size, By Region, 20152022 (USD Million)
Table 27 Banking, Financial Services, and Insurance Market Size, By Region, 20152022 (USD Million)
Table 28 Transportation and Logistics Market Size, By Region, 20152022 (USD Million)
Table 29 Healthcare and Life Sciences Market Size, By Region, 20152022 (USD Million)
Table 30 Retail Market Size, By Region, 20152022 (USD Million)
Table 31 Others Market Size, By Region, 20152022 (USD Million)
Table 32 Third-Party Users: Market Size By Region, 20152022 (USD Million)
Table 33 Cloud Robotics Market Size, By Region, 20152022 (USD Million)
Table 34 North America: Market Size By Component, 20152022 (USD Million)
Table 35 North America: Market Size By Service, 20152022 (USD Million)
Table 36 North America: Market Size By Service Model, 20152022 (USD Million)
Table 37 North America: Market Size By Application, 20152022 (USD Million)
Table 38 North America: Market Size By Deployment Model, 20152022 (USD Million)
Table 39 North America: Market Size By End-User, 20152022 (USD Million)
Table 40 North America: Market Size By Vertical, 20152022 (USD Million)
Table 41 Europe: Cloud Robotics Market Size, By Component, 20152022 (USD Million)
Table 42 Europe: Market Size By Service, 20152022 (USD Million)
Table 43 Europe: Market Size By Service Model, 20152022 (USD Million)
Table 44 Europe: Market Size By Application, 20152022 (USD Million)
Table 45 Europe: Market Size By Deployment Model, 20152022 (USD Million)
Table 46 Europe: Market Size By End-User, 20152022 (USD Million)
Table 47 Europe: Market Size By Vertical, 20152022 (USD Million)
Table 48 Asia Pacific: Cloud Robotics Market Size, By Component, 20152022 (USD Million)
Table 49 Asia Pacific: Market Size By Service, 20152022 (USD Million)
Table 50 Asia Pacific: Market Size By Service Model, 20152022 (USD Million)
Table 51 Asia Pacific: Market Size By Application, 20152022 (USD Million)
Table 52 Asia Pacific: Market Size By Deployment Model, 20152022 (USD Million)
Table 53 Asia Pacific: Market Size By End-User, 20152022 (USD Million)
Table 54 Asia Pacific: Market Size By Vertical, 20152022 (USD Million)
Table 55 Middle East and Africa: Cloud Robotics Market Size, By Component, 20152022 (USD Million)
Table 56 Middle East and Africa: Market Size By Service, 20152022 (USD Million)
Table 57 Middle East and Africa: Market Size By Service Model, 20152022 (USD Million)
Table 58 Middle East and Africa: Market Size By Application, 20152022 (USD Million)
Table 59 Middle East and Africa: Market Size By Deployment Model, 20152022 (USD Million)
Table 60 Middle East and Africa: Market Size By End-User, 20152022 (USD Million)
Table 61 Middle East and Africa: Market Size By Vertical, 20152022 (USD Million)
Table 62 Latin America: Cloud Robotics Market Size, By Component, 20152022 (USD Million)
Table 63 Latin America: Market Size By Service, 20152022 (USD Million)
Table 64 Latin America: Market Size By Service Model, 20152022 (USD Million)
Table 65 Latin America: Market Size By Application, 20152022 (USD Million)
Table 66 Latin America: Market Size By Deployment Model, 20152022 (USD Million)
Table 67 Latin America: Market Size By End-User, 20152022 (USD Million)
Table 68 Latin America: Market Size By Vertical, 20152022 (USD Million)
Table 69 Partnerships, Agreements, and Collaborations, 2017
Table 70 New Product/Service Launches, 20162017
Table 71 Business Expansions, 20162017
List of Figures (43 Figures)
Figure 1 Cloud Robotics Market Segmentation
Figure 2 Market Research Design
Figure 3 Primary Breakdown: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Assumptions
Figure 8 Cloud Robotics Market 20152022
Figure 9 Market By Component (2017 vs 2022)
Figure 10 Market By Service (2017 vs 2022)
Figure 11 Market By Service Model (2017 vs 2022)
Figure 12 Market By Application (2017 vs 2022)
Figure 13 Market By Deployment Model (2017 vs 2022)
Figure 14 Market By End-User (2017 vs 2022)
Figure 15 Market By Vertical (2017 vs 2022)
Figure 16 North America is Estimated to Have the Largest Market Share in 2017
Figure 17 Proliferation of Cloud-Related Technologies is Expected to Drive the Growth of the Cloud Robotics Market
Figure 18 Industrial Robots Application and North American Region are Estimated to Have the Largest Market Share in 2017
Figure 19 Asia Pacific is Expected to Emerge as the Best Market for Investment Over the Next 5 Years
Figure 20 Cloud Robotics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Services Component is Expected to Exhibit A Higher Growth Rate During the Forecast Period
Figure 22 Training and Support Services Segment is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 23 Software-As-A-Service Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Consumer Robots Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Hybrid Cloud Deployment Model is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Third-Party Users Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 27 BFSI Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 North America is Expected to Have the Largest Market Share During the Forecast Period
Figure 29 Asia Pacific is Expected to Exhibit the Highest Growth Rate During the Forecast Period
Figure 30 North America: Cloud Robotics Market Snapshot
Figure 31 Asia Pacific: Market Snapshot
Figure 32 Key Strategies Adopted By the Leading Players in the Cloud Robotics Market During 20152017
Figure 33 Market Evaluation Framework
Figure 34 Geographic Revenue Mix: Top 4 Market Players
Figure 35 Amazon Robotics: SWOT Analysis
Figure 36 Google: Company Snapshot
Figure 37 Google: SWOT Analysis
Figure 38 Huawei: Company Snapshot
Figure 39 Huawei: SWOT Analysis
Figure 40 IBM: Company Snapshot
Figure 41 IBM: SWOT Analysis
Figure 42 Microsoft: Company Snapshot
Figure 43 Microsoft: SWOT Analysis
Growth opportunities and latent adjacency in Cloud Robotics Market