Global Cloud-based Smart Robotics (Cloud Robotics) Market is Anticipated to Reach $11.3 Billion by 2023, BIS Research Report

Global Cloud-based Smart Robotics (Cloud Robotics) Market is Anticipated to Reach $11.3 Billion by 2023, BIS Research Report

PR Newswire

FREMONT, California, October 23, 2018

FREMONT, California, October 23, 2018 /PRNewswire/ --

According to a new market intelligence report by BIS Research, titled "Global Cloud-based Smart Robotics (Cloud Robotics) Market, Analysis & Forecast, 2018 - 2023", the global cloud robotics market is expected to reach $11.3 billion by 2023. Cloud robotics primarily aims to join robots with cloud computation, cloud-storage and high-speed communication resource. The global cloud robotics market is driven by many factors, such as rise in adoption of 5G technology that works as a key enabler, cost-saving advantages with cloud robotics, minimal infrastructural requirements, and declining cost of the cloud-based platforms, among others.

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Browse 34 market Data Tables and 141 Figures spread through 208 Pages and in-depth TOC on "Global Cloud-Based Smart Robotics (Cloud Robotics) Market, Analysis & Forecast, 2018 - 2023."

The research and development activities on cloud-based services have been going on since the latter part of the 20th century. However, the term cloud robotics was introduced in 2010 and ever since these developments have increased rapidly. Companies, such as Amazon Robotics, IBM Corporation (U.S.), Intel Corporation (U.S.), Google LLC (U.S.), Microsoft Corporation (U.S.), and C2RO Cloud Robotics (Canada), gained the first-mover advantage and managed to acquire a major portion of the market.

BIS Research Report:

According to Rahul Papney, an analyst at BIS Research, "The cloud robotics market is witnessing a fast-paced growth worldwide. North America and Europe dominate the market in terms of revenue generation. Furthermore, these regions have the presence of large number of manufacturing companies and enterprises which are among the first adopters of cloud robotics. The growth in Asia-Pacific region is estimated to be fast-paced owing to the presence of immense opportunities and increasing industrialization in the developing countries."

The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financials, financial summary, and SWOT analysis. The segmentation has been done based on the business model - infrastructure-as-a-service, platform-as-a-service, and software-as-a-service. Based on deployment model, the market is segmented into public cloud, private cloud and hybrid cloud. Based on End-User the market is segmented as industrial, commercial and consumer. The report also includes a comprehensive section on the geographical analysis including country-wise analysis for more than 11 countries.

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This report is a meticulous compilation of research on more than 50 players in the cloud robotics ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 15 leading companies, market participants, and vendors. The report also includes around 15 company profiles including Amazon Robotics, IBM Corporation, Intel Corporation, Microsoft Corporation, Aethon, C2RO Cloud Robotics, Cisco Systems, Inc., CloudMinds, Fetch Robotics, Inc., Huawei Technologies Co., Ltd., and KUKA AG, among others.

Key questions answered in the report: 

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About BIS Research: 

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

What distinguishes BIS Research from the rest of the players is that we don't simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

Bhavya Banga
BIS Research Inc.
FREMONT CA 94538-1686

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