Cloud Robotics Market Size, Growth Drivers 2022 Competitive Intelligence and 2028 Forecasts in New Research Report | The Insight Partners -…

New York, June 10, 2022 (GLOBE NEWSWIRE) -- The Insight Partners adds "Cloud Robotics Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Software and Service); Deployment Model (Private, Public and Hybrid); Service Model (SaaS, PaaS and IaaS); and Vertical (Industrial Cloud Robotics, Professional Service Cloud Robotics and Domestic Service Cloud Robotics)" research report to the Technology, Media and Telecommunications category of its store.

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Strategic Insights Cloud Robotics Market

Rising Demand for Industrial Robotics are expected to the global cloud robotics market growth during the forecast period:The combination of cloud technology with robotic systems allows for the construction of multi-robot systems with high performance and complexity, thanks to the development of cloud computing, big data, and other developing technologies. The expansion of industrial robots has been fueled by the IoT's increasing penetration and robotics expenditures.

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Due to the implementation of smart factory systems, industrial robotics has seen a surge in demand over the last decade. With the advancement of industrial robots, programmable robots have attained great levels of accuracy, resilience, and compatibility in real-time applications. The adoption of industrial automation is influenced by the availability of small-capacity and cost-effective solutions from small and medium-sized businesses. Aside from that, linking robots, machines, and automation equipment to the cloud allows manufacturers to get the most out of their automation systems in terms of performance and reliability.

Regional Insights: Cloud Robotics MarketDuring the forecast period, North America is estimated to have the highest share of the cloud robotics market. The reason for this is that the bulk of vendors are situated in North America, including IBM, Microsoft, Google, and Amazon Robotics. In terms of cloud, AI, and machine learning technologies, the area is predicted to account for the majority of market share and is regarded the most advanced region.

Many robotics R&D activities are taking place in the region in order to enhance cloud computing, AI, robotics, and machine learning technologies. Asia Pacific (APAC) is predicted to develop at the fastest rate throughout the forecast period, owing to the region's large number of industrial units that are gradually adopting sophisticated technologies. The cloud robotics market is predicted to rise due to the proliferation of cloud technology, widespread use of wireless technologies and smart devices, increased acceptance of IoT, and advancements in AI and machine learning technologies. However, worries about data privacy and security, as well as expensive starting prices and R&D spending, may stifle market expansion and act as a restraining factor that impedes the industry's business-critical activities.

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Impact of COVID-19 Pandemic on Cloud Robotics Market: The global market was held back by the COVID19 pandemic. During the pandemic, the global economy's overall rate remained quite low. The lockdown limits brought the manufacturing units to a standstill, causing major supply chain disruptions. To some extent, the supply-demand mismatch widens. Cloud robotics market sales, on the other hand, have had a less impact on the pandemic. Industries were unable to execute manual operations as a result of the lockdown restriction, therefore they shifted their focus to automated robotics technology. The market's worth increased as a result of the shift to automated technology.

Key Recent Developments: Cloud robotics Market

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The report segments the global cloud robotics market as follows:

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By Geography

Cloud Robotics Market - Company Profiles:

Browse Adjoining Reports:Industrial Robotics Market to 2025 - Global Analysis and Forecasts by Types (Articulated, Cartesian, SCARA, and Collaborative); by Function (Soldering & Welding, Material Handling, Assembling & Disassembling, Painting & Dispensing, Milling, and Cutting & Processing) and Industry (Automotive, Medical & Pharmaceuticals, Electrical & Electronics, Rubber & Plastics, Metal & Machinery, and Food & Agriculture)

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Cloud Robotics Market Size, Growth Drivers 2022 Competitive Intelligence and 2028 Forecasts in New Research Report | The Insight Partners -...