How is COVID-19 Impacting on the Global Cloud Robotics Industry?

 Infinium Global Research’s recent report on the “Cloud Robotics Market (By Connectivity Technology (Bluetooth Low Energy (BLE), Wi-Fi/WiMAX, 3G, 4G, and 5G), By Components (Software and Services),By Types (Personal Robots, Industrial Robots, Military Robots, and Commercial Robots), By Deployment Model (Robotics as a Service (RAAS), Public Cloud, Private Cloud, and Hybrid Cloud): Global Industry Analysis, Trends, Size, Share and Forecasts to2027” provides a comprehensive outline of the factors responsible for the growth of the market. The cloud robotics market was valued at USD 4.54 billion in 2020 and is expected to reach USD 23.47 billion in 2027.

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026." 

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Cloud robotics is the unified integration of robotics and cloud computing, internet technologies, and cloud storage. It is widely used to enhance the learning abilities of robots. It also allows robots to take advantage of the powerful computational, storage, and communication resources of modern data centers. Moreover, it supports robots to benefit from the extensive upsurge in data transfer rates to offload tasks without hard real-time necessities. Consequently, it is conceivable to build a smart robot with a ‘brain’ in the cloud. Cloud robotics is associated with four basic robotic operations viz. data capturing with the help of a robot (on-board/integrated sensors and nodes), processing the composed data on cloud servers, application of the processed data, and feedback sent to the servers for further study.

Furthermore, the COVID-19 outburst has affected numerous countries internationally, and to control the rapid spread of the disease and tackle the current epidemic, nations have resorted to social distancing norms and nationwide lockdowns. The global cloud robotics market is less likely to be affected due to the COVID -19 pandemic. As the coronavirus pandemic spreads across the globe, the worldwide healthcare sector is experiencing enormous pressure to attain the balance between supply and demand. Hospitals in the countries hard hit by the COVID-19 outbreak are overwhelmed by the invasion of infected patients. Novel technologies can act as an interface between a doctor and a patient, in which they can carry out diagnostic and treatment procedures, decreasing the human contact and risk of transmission of infection during the COVID-19 contagion.

Software Segment is Expected to Drive the Market Growth

Depending on the component, the cloud robotics market is categorized into software and services. In the components segment, the software segment is anticipated to have a larger market share during the forecast period, owing to the rapid need for developing businesses and building better applications, and the changing database environment. This is estimated to result in the necessity of advanced and flexible robot cloud software solutions for addressing manifold difficulties. However, services are designed to provide an extensive range of service offerings that help meet the particular needs of customers who require maximum benefits from their hardware and software.

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Asia Pacific to be the Fastest Growing Region in the Cloud Robotics Market

Geographically, North America generated the largest revenue in the cloud robotics market in 2020 and is expected to continue its dominance over the forecast years. The increasing adoption of novel technologies and the launch of novel cloud solutions in the region will increase demand for the medical robotic systems market in the North American region. Moreover, the Asia Pacific region is anticipated to grow with the fastest CAGR in the cloud robotics market owing to the rising technology infrastructure in countries such as China and India. The growing penetration of cloud computing along with the incorporation of robotics and automation, among the end-users drives the market growth. In addition, the automation adoption rate in this region, particularly in China, India, and Japan, is the highest in the world.

Calvary Robotics, Tech Con Automation Inc., Rockwell Automation, Inc., and ABB Group to Emerge as top Vendors of the Global Cloud Robotics Market

The cloud robotics market is moderately fragmented in nature. Generally, the competitive rivalry among existing competitors is moderate. Several companies in the global cloud robotics market include Calvary Robotics, Tech Con Automation Inc., Rockwell Automation, Inc., ABB Group, and Matrix Industrial Automation among others. Furthermore, acquisitions and collaboration of large companies with start-ups are projected, which are focused on innovation.

For instance, in May 2019, IBM announced relationships with certain European companies, such as Volkswagen, Moovster, and Vinturas, to redefine the future of their auto industry with hybrid cloud and AI. This partnership is concentrated on personalized digital services in and around the vehicle. Infinium Global Research’s recent report on the global cloud robotics market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the cloud robotics market and also estimates the impact of recent developments in the global market.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the cloud robotics.

=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.