Cloud Robotics Market Size, Share 2021 Global Industry Trends, Growth, Competitors Strategy, Regional Analysis, Key Players Profile, Opportunities and Challenges Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Cloud Robotics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud Robotics Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

The cloud robotics is an emerging field of robotics that provides a range of potential benefits for robots by combining cloud computing, cloud storage, and internet technologies. The cloud robotics allows robots to share resources and data with each other. It also collaborates with other machines, smart objects and humans. This opens a new paradigm in robotics that may lead to exciting developments in the coming years. There is an increased interest from academics, governments, and industries worldwide. Also, many end-users have started focusing on this technology and has been slowly gaining global attention towards the same.

The report is segmented by types, connectivity technologies, service models, deployment models and regions. The connectivity technology, 5G, will be the leading technology for its high capacity and low latency. The 5G technology enables the cloud robotics and facilitates the uptake of robots into new applications. According to the deployment model, Robotics as a Service (RaaS) is one of the emerging trends in the market, offering a huge opportunity for the retail industry. As per region analysis, it is expected that Europe will be the leading region followed by North America.

The cloud-connected robots will have a huge growth in IoT technology in the upcoming years. According to Infoholic Research, the “Worldwide Cloud Robotics” market will witness a CAGR of 32.4% during the forecast period 2016–2022. The cloud computing technology, smartphones/tablets, and the commercial robotics are driving the market growth. In the next 4–5 years, personal use of robots will be more in reality. The key players covered in this report are Google, Softbank, iRobot, Fanuc and KUKA.

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The study covers and analyzes the “Worldwide Cloud Robotics market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

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