Home > Media & Technology > Information Technology > Cloud Computing > Cloud Robotics Market

Cloud Robotics Market Trends

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

Download Free Sample

Cloud Robotics Market Trends

The rollout of 5G networks promises to revolutionize the cloud robotics industry landscape by providing ultra-fast, low-latency, and reliable wireless connectivity. As of November 30, 2022, the Ookla® 5G Map™ reported a total of 127,509 5G Robot Types across 128 countries. This marked a significant increase from the previous year when there were 85,602 5G Robot Types spread across 112 countries.

With 5G, robots can communicate with cloud services and other robots in real time, enabling Industry Verticals that demand split-second decision-making and precise control. This trend is particularly significant in industries like telemedicine, autonomous vehicles, and remote industrial automation, where instantaneous communication is critical. The adoption of 5G in cloud robotics is expected to unlock new possibilities and enable more complex and responsive robotic systems.

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.