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Cloud Robotics Market Share

Report ID: GMI6826
Published Date: Jul 2024
Report Format: PDF

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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.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cloud robotics reached USD 5 billion in 2023 and is set to witness 23% CAGR from 2024 to 2032, due to the growing adoption of the Internet of Things (IoT).

The solution component segment held over 80% of the market share in 2023, driven by higher adoption in manufacturing, healthcare, logistics, and agriculture.

North America garnered over 33% of the market share in 2023, owing to the presence of strong technological infrastructure and well-established cloud computing ecosystem.

Some of the major cloud robotic firms are AWS, IBM Corporation, Rockwell Automation Inc, Microsoft Corporation, and Google Inc.