Cloud Robotics Market Outlook:
Cloud Robotics Market size was valued at USD 6.35 billion in 2024 and is likely to cross USD 52.84 billion by 2034, registering more than 23.6% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of cloud robotics is assessed at USD 7.62 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.
