Analysis by Component (Software, and Hardware); by Service Model (IaaS, PaaS, and SaaS); by Robot Type (Industrial Robots, and Service Robots); by Technology (Bluetooth, Wi-Fi, 3G, 4G, 5G, RF, and Infrared); by Application (Automotive, Defense, Manufacturing, Agriculture, Healthcare, Aerospace, Education, and Others); and by Enterprise Size (SMEs, and Large Enterprises) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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The global cloud robotics market is estimated to garner a revenue of USD 54 Billion by the end of 2033 by growing at a CAGR of ~27% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 5 Billion in the year 2023. The growth of the market is primarily attributed to the worldwide rising technological advancements such as better language modeling, and low-code and no-code AI in artificial intelligence (AI), increasing demand for remote and work-from-home jobs, and the rise of the pandemic increasing these preferences. For instance, OpenAI launched GPT-3, the most advanced (and largest) language model ever created in 2021, with approximately 175 billion "parameters"- variables and data points that machines are able to process language. OpenAI is also working on an even more powerful successor, GPT-4 that is estimated to be even more advanced and powerful.
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Apart from this, cloud robotics is very valuable in handling big data, parallel grid computing, crowdsourcing, and other work. The rapidly growing adoption of IoT-connected devices, increasing centralized monitoring platforms, and control of industrial tools are estimated to boost the growth of the global cloud robotics market over the forecast period. For instance, nearly 28 billion devices are estimated to be on the IoT network by the end of 2022.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~27% |
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Base Year Market Size (2023) |
~ USD 5 Billion |
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Forecast Year Market Size (2033) |
~ USD 54 Billion |
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Regional Scope |
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Growth Drivers
Significant Adoption of Robotic Process Automation (RPA) in the Manufacturing Sector – Robotic process automation (RPA) technology is a radical trend and one of the most cutting-edge digital transformation technologies that organizations use to cut costs, save time, maximize profits through the automation of repetitive tasks, and maintain business continuity all through unparalleled and unexpected crisis events. Many manufacturing processes, including painting, milling, industrial equipment, welding, and assembling, are being automated. These robots use electrical, mechanical, and software systems to perform the assigned task with greater accuracy, speed, and precision than humans. Thus, the increasing adoption of RPA in manufacturing sector is leading the growth of the cloud robotics market over the forecast period. For instance, over 76% of businesses are expected to have already implemented RPA into their procedures by July 2022, while 17% preparing to do so within the next three years.
Upsurge in Cloud Technology Integration Owing to Increasing Storage Needs – For instance, more than 100 zettabytes of data are estimated to be stored in the cloud by 2025.
Global Evolution of Internet Bandwidth as More People are Working from Home - In 2022, global internet bandwidth is predicted to increase by 29%.
Worldwide Increasing Number of Industrial Robots with Rising Restrictions for Social Distance for People - The current number of industrial robots across the globe is estimated to be around 3.2 million. This figure represents a 9% increase over the prior year.
Rise of 5G Network Owing to Advancements in Technology Day by Day – For instance, Since the very first rolled-out phase in 2019, the 5G network is now available in nearly 71 countries across the globe.
High Cost of Cloud Robotics
High Capital Investment
Data Privacy and Security Concerns- Data privacy and security were significant reasons that hinders the market growth. Cloud service providers can control the hosting data and it contains considerable information about the client such as personal data. This personal data can be tracked if the cloud server gets hacked and the data of users are at risk. The hacking robots can cause accidents and severe damage to the client which hampers market growth.
The global cloud robotics market is segmented and analyzed for demand and supply by robot type into industrial robots, and service robots, out of which, the industrial robots segment is expected to hold the highest growth over the forecast period owing to the growing count of industrial robots, and significantly increasing implementation of robotics in numerous industrial sectors. As per the Census Bureau data from the Annual Survey of Manufactures, in the United States, the overall percentage of employees working in organizations that are using robots (such as transportation equipment, primary metal, plastics, and rubber products) surpassed 30% in 2018.
The North America region cloud robotics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The notable presence of cloud service providers i.e., Amazon LLC, and Microsoft Corporation, huge deployment of AI in the industrial sector, and significantly increasing demand for advanced technologies i.e., machine learning, cloud computing, artificial intelligence, and IoT in the region. For instance, in North America, the overall number of industrial and consumer Internet of Things (IoT) connections is projected to reach approximately 5.6 billion by 2025. Whereas the number of IoT connections in the region reached 2.7 billion in 2019. Additionally, rising mobile technologies connect automated systems with controllers, and robots, and provide premium performance to the data centers in the communication infrastructure owing to increasing growth opportunities in the market.
Our in-depth analysis of the global cloud robotics market includes the following segments:
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By Component |
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By Service Model |
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By Robot Type |
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By Technology |
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By Application |
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By Enterprise Size |
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In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Significant adoption of robotic process automation (RPA) in manufacturing sector, upsurge in cloud technology integration, and global evolution of internet bandwidth are some major factors driving the growth of the market.
Ans: The market is anticipated to attain a CAGR of ~27% over the forecast period, i.e., 2023 – 2033.
Ans: High cost of cloud robotics, high capital investment, and data privacy and security concern are estimated to hamper the market growth.
Ans: The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Google LLC, Microsoft Corporation, CNC Robotics Ltd, Boston Dynamics, Inc., inVia Robotics, Inc., Rockwell Automation Inc., Calvary Robotics, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by component, service model, robot type, technology, application, enterprise size, and by region.
Ans: The industrial robots segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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