Cloud Robotics Market Size - By Component (Solution, Services), Service Model (IaaS, PaaS, SaaS), Robot Type (Industrial Robot, Service Robot), Industry Vertical (Manufacturing, Military and Defense, Retail and E-commerce, Healthcare) & Forecast, 2024 - 2032
Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCloud Robotics Market Size
Cloud Robotics Market size was worth USD 5 billion in 2023 and is expected to exhibit a CAGR of 23% during 2024-2032, driven by increasing use of the Internet of Things (IoT). The IoT market in India could grow to $1.1 trillion in 2023, as per NASSCOMM data.
To obtain key market trends
Download Sample Ask for Discount Request Customization
The increasing pervasiveness of fast internet and IoT devices have made it possible for robots to access the cloud in a seamless manner. This integration enables robots to transfer computationally heavy tasks, access large databases, and be updated and enhanced in real time. It also makes remote control and monitoring of robots possible, making them more flexible and functional, further fueling market growth.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Cloud Robotics Market Size in 2023 | USD 5 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 23% |
| 2032 Value Projection | USD 31.9 Billion |
| Historical Data for | 2018 - 2023 |
| No. of Pages | 220 |
| Tables, Charts & Figures | 328 |
| Segments covered | Component, Service Model, Robot Type, Industry Vertical |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Download Sample Ask for Discount Request Customization
Cloud robotics is highly dependent on low-latency, high-speed internet for real-time cloud-robotic communication. Remote or sparsely connected regions can experience latency problems, which can cause delay in robot reaction and decreased operating efficiency. Furthermore, certain Industry Verticals like healthcare or manufacturing need ultra-low latency, making it difficult to depend only on cloud-based services.
To overcome these issues, edge computing and edge AI have been considered alternatives to minimize latency and enhance connectivity, and this will strengthen the cloud robotics market outlook for the next decade.
COVID-19 Impact
The COVID-19 crisis heavily influenced the cloud robotics sector by speeding up its growth and adoption. Remote operation and automation requirements increased in numerous industries during lockdowns. For example, in the healthcare sector, robots were used for patient care and disinfection to reduce human interaction. In logistics, e-commerce volumes soared, and the need for cloud-connected robots in warehouses for order picking grew. Social distancing protocols also brought the need for teleoperation and remote monitoring into focus, leading to investments in cloud-based robotics solutions to ensure business continuity while staying safe.
Cloud Robotics Market Trends
The deployment of 5G networks will change the face of the cloud robotics industry landscape by offering ultra-fast, low-latency, and reliable wireless connectivity. Up to November 30, 2022, the Ookla® 5G Map™ indicated a total of 127,509 5G Robot Types in 128 countries. This was compared to the past year when there were 85,602 5G Robot Types in 112 countries.
With 5G, robots can now talk to cloud services and other robots in real time, which makes possible Industry Verticals that require split-second decision-making and accurate control. This is especially important in applications such as telemedicine, autonomous cars, and remote industrial automation, where communication in real time is essential. The use of 5G in cloud robotics is anticipated to open doors to new opportunities and make more sophisticated and responsive robotic systems possible.
Cloud Robotics Market Analysis
Find out about the most dominant segments driving this market
You're buying a robot, right? Majority of the contenders in 2023 are designing the core aspects of the robot. But we hear a new hype about attaching robots to the internet, so-called cloud robotics. Why does cloud robotics go viral? Because it's equivalent to equipping your robot with a superpower. It is able to tap into a massive reservoir of data and intelligence, which makes it more intelligent, efficient, and responsive. Manufacturing, healthcare, and even agriculture are all getting on board because they recognize the potential cloud robotics has to revolutionize their business. It's assisting them in automating processes, saving money, and opening up new opportunities. Thus, as our demand for automation and remote control increases, cloud robotics is leading the way and ready to revolutionize industries with robots more powerful and flexible than ever.
With respect to service model, the SaaS segment held 42% of the cloud robotics market share in 2023, owing to its inherent benefits. SaaS provides an economical and scalable solution, allowing companies to leverage cloud robotics functionality without heavy initial investments in infrastructure or software development. The subscription model also facilitates quick Robot Type, smooth updates, and simple scalability, making it suitable for organizations that want to implement cloud robotics solutions in a hurry. Further, SaaS also provides access and collaboration between geographically remote teams, enabling effectiveness and innovation within the fast-moving world of cloud robotics.
Looking for region-specific data?
The North America cloud robotics market garnered approximately 33% of revenue share in 2023. The robust technology infrastructure of the country and developed cloud computing infrastructure form a firm base for development of cloud robotics and Robot Type. The COVID-19 pandemic hastened the need for automation and remote technology, propelling higher use of cloud-connected robots across industries, such as healthcare, logistics, and manufacturing. In addition, a vibrant startup ecosystem and massive investments in research and development foster innovation and competitiveness, making the U.S. a market leader.
Cloud Robotics Market Share
The major companies operating in the cloud robotics industry
- AWS
- Microsoft Corporation
- IBM Corporation
- Google Inc
- Rockwell Automation Inc.
- Huawei
- ABB
The IBM Corporation and Microsoft are holds approximately 9% of the market share. Both IBM and Microsoft are well-established technology giants with extensive expertise in cloud computing. They have robust cloud platforms (IBM Cloud and Microsoft Azure) that provide the infrastructure, scalability, and computational resources required for cloud robotics Industry Verticals. IBM and Microsoft have invested heavily in artificial intelligence (AI) and the Internet of Things (IoT) technologies, which are closely related to cloud robotics. Their cloud platforms offer AI and IoT services that can be seamlessly integrated into robotic systems, enhancing perception, decision-making, and data analytics capabilities.
Cloud Robotics Industry News
- In February 2023, Asensus Surgical unveiled a multi-year partnership with Google Cloud. This collaboration involves the integration of Google Cloud's robust cloud data architecture and machine learning technology into the Asensus surgical robot platform. This strategic move aims to enhance the functionalities of Asensus' performance-guided surgery framework, leveraging the capabilities of its Intelligent Surgical Unit (ISU).
The cloud robotic market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD billion) from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
Market, By Component
- Solution
- Services
Market, By Service Model
- IaaS
- PaaS
- SaaS
Market, By Robot Type
- Industrial Robot
- Service Robot
Market, By Industry Vertical
- Manufacturing
- Military and Defense
- Retail and E-commerce
- Healthcare
- Other
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Italy
- Germany
- Netherland
- France
- Italy
- Spain
- Nordics
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- South Africa
- Saudi Arabia
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy