Global Cloud Robotics Market Trends, Forecast Report 2025-2037
Cloud Robotics Market size is expected to increase from USD 8 billion to USD 180.71 billion, exhibiting a CAGR of more than 27.1% during the forecast period, from 2025 to 2037. In the year 2025, the industry size of cloud robotics is estimated at USD 9.73 billion.
The market growth is attributed to worldwide rising technological advancements such as better language modeling, and low-code and no-code AI in artificial intelligence (AI), increasing demand for remote and work-from-home jobs, and rise of the pandemic increasing these preferences. For instance, OpenAI launched GPT-3, the most advanced (and largest) language model ever created in 2021, with approximately 175 billion "parameters"- variables and data points that machines are able to process language. OpenAI is also working on an even more powerful successor, GPT-4 that is estimated to be even more advanced and powerful.
Apart from this, cloud robotics is very valuable in handling big data, parallel grid computing, crowdsourcing, and other work. The rapidly growing adoption of IoT-connected devices, increasing centralized monitoring platforms, and control of industrial tools are estimated to boost the global cloud robotics market expansion. For instance, nearly 28 billion devices are estimated to be on the IoT network by the end of 2022.
Cloud Robotics Sector: Growth Drivers and Challenges
Growth Drivers
- Significant Adoption of Robotic Process Automation (RPA) in the Manufacturing Sector – Robotic process automation (RPA) technology is a radical trend and one of the most cutting-edge digital transformation technologies that organizations use to cut costs, save time, maximize profits through the automation of repetitive tasks, and maintain business continuity all through unparalleled and unexpected crisis events. Many manufacturing processes, including painting, milling, industrial equipment, welding, and assembling, are being automated. These robots use electrical, mechanical, and software systems to perform the assigned task with greater accuracy, speed, and precision than humans. Thus, the increasing adoption of RPA in manufacturing sector is leading the growth of the cloud robotics market over the forecast period. For instance, over 76% of businesses are expected to have already implemented RPA into their procedures by July 2022, while 17% preparing to do so within the next three years.
- Upsurge in Cloud Technology Integration Owing to Increasing Storage Needs – For instance, more than 100 zettabytes of data are estimated to be stored in the cloud by 2025.
- Global Evolution of Internet Bandwidth as More People are Working from Home - In 2022, global internet bandwidth is predicted to increase by 29%.
- Worldwide Increasing Number of Industrial Robots with Rising Restrictions for Social Distance for People - The current number of industrial robots across the globe is estimated to be around 3.2 million. This figure represents a 9% increase over the prior year.
- Rise of 5G Network Owing to Advancements in Technology Day by Day – For instance, Since the very first rolled-out phase in 2019, the 5G network is now available in nearly 71 countries across the globe.
Challenges
- High Cost of Cloud Robotics
- High Capital Investment
- Data Privacy and Security Concerns- Data privacy and security were significant reasons that hinders the cloud robotics market growth. Cloud service providers can control the hosting data and it contains considerable information about the client such as personal data. This personal data can be tracked if the cloud server gets hacked and the data of users are at risk. The hacking robots can cause accidents and severe damage to the client which hampers cloud robotics market growth.
Cloud Robotics Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
27.1% |
|
Base Year Market Size (2024) |
USD 8 billion |
|
Forecast Year Market Size (2037) |
USD 180.71 billion |
|
Regional Scope |
|
Cloud Robotics Segmentation
Robot Type (Industrial Robots, Service Robots)
The industrial robots segment in the cloud robotics market is expected to account for majority revenue share during the forecast period, led by growing count of industrial robots, and significantly increasing implementation of robotics in numerous industrial sectors. As per the Census Bureau data from the Annual Survey of Manufactures, in the United States, the overall percentage of employees working in organizations that are using robots (such as transportation equipment, primary metal, plastics, and rubber products) surpassed 30% in 2018.
Our in-depth analysis of the global cloud robotics market includes the following segments:
|
By Component |
|
|
By Service Model |
|
|
By Robot Type |
|
|
By Technology |
|
|
By Application |
|
|
By Enterprise Size |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportCloud Robotics Industry - Regional Synopsis
North America industry is predicted to hold largest revenue share of 34% by 2037. The notable presence of cloud service providers i.e., Amazon LLC, and Microsoft Corporation, huge deployment of AI in the industrial sector, and significantly increasing demand for advanced technologies i.e., machine learning, cloud computing, artificial intelligence, and IoT in the region. For instance, in North America, the overall number of industrial and consumer Internet of Things (IoT) connections is projected to reach approximately 5.6 billion by 2025. Whereas the number of IoT connections in the region reached 2.7 billion in 2019. Additionally, rising mobile technologies connect automated systems with controllers, and robots, and provide premium performance to the data centers in the communication infrastructure, creating growth opportunities in the cloud robotics market.
Companies Dominating the Cloud Robotics Landscape
- Google LLC
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Microsoft Corporation
- CNC Robotics Ltd
- Boston Dynamics, Inc.
- inVia Robotics, Inc.
- Rockwell Automation Inc.
- Calvary Robotics
- Universal Robots A/S
- YASKAWA Electric Corporation
- V3 Smart Technologies Pte Ltd
In the News
-
Universal Robots A/S announced the addition of a new 20kg cobot to its product line. UR20 is the company's latest cobot and features an all-new design based on company’s expertise in highly refined engineering.
-
Boston Dynamics, Inc. announced the availability of its newest versatile, mobile robot Stretch which is exclusively designed for warehouses and distribution centers for commercial purchase. Stretch is one of the world's most advanced mobile robots, part of a new generation of mobile robots.
Author Credits: Abhishek Verma
- Report ID: 366
- Published Date: Jan 17, 2025
- Report Format: PDF, PPT
