Cloud robotics is a field of the robotics industry. It provides the benefits of shared services and converged infrastructure by merging cloud with robotics. Cloud robotics uses cloud technologies, such as cloud storage, cloud computing, and other internet technologies and amalgamates with robotics, to offer high-end services to various end-users and robot manufacturing companies. These services engage remote computing resources to feature a better memory, high computational power, and interconnectivity within robotics’ applications. Cloud robotics enables data and resource sharing among a fleet of robots. MarketsandMarkets forecasts the cloud robotics market to grow from USD 2.20 Billion in 2017 to USD 7.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period.
The key players in the cloud robotocs market include Amazon Robotics (US), Google (US), Huawei (China), IBM (US), Microsoft (US), C2RO (Canada), CloudMinds (US), Hit Robot Group (US), V3 Smart Technologies (Singapore), Rapyuta Robotics (Japan), Ortelio (UK) and, Tend (US). These players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product launches, to achieve growth in the global cloud robotics market.
Google has been very active in establishing its market position among various cloud robotics leaders. For instance, in November 2017, Google announced a partnership with Salesforce, a cloud computing company. The partnership aimed at helping the customers of both the companies in terms of connecting with cloud for every kind of business. In September 2017, Google also followed a business expansion strategy by launching an AI research center in China. With this expansion, Google would support the AI research community by funding and sponsoring AI conferences and workshops in collaboration with the Chinese AI research community. In March 2016, Google launched Skynet, its first online platform for cloud-based machine learning. Skynet is a cloud machine learning software that can create AI programs on the cloud. The company has been continuously focusing on its innovation strategies, through which it is expected to strengthen its market position as a premier cloud robotics software provider that offers a unique, comprehensive set of capabilities.
Microsoft is one of the main leaders in the cloud robotics market. The company has been continuously focusing on product improvements and enhancements. The company also focuses on inorganic growth strategies, such as strategic partnerships and collaborations. These strategies help the company cater to new customers. Microsoft’s collaboration with SoftBank in March 2016 was aimed at developing a cloud-enabled robot by integrating SoftBank Robotics' humanoid robot and Microsoft's cloud-based Azure Internet of Things (IoT) Suite, which helped enhance Microsoft’s cloud robotics portfolio. In April 2015, Microsoft and KUKA, a manufacturer of industrial robots and automation solutions, jointly presented an application that aimed at developing smart manufacturing solutions in the cloud robotics platform.
Cloud Robotics Market by Component (Software and Services), Service Model (IaaS, PaaS, and SaaS), Application, Deployment Model (Public, Private, and Hybrid Cloud), End-User (Verticals and Third-Party Users), and Region - Global Forecast to 2022
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