Cloud computing technologies is poised to become pivot for next-gen robotics technologies. The intersection of robotics with cloud computing hardware, with deep learning technologies, IoT, and big data chipping in, has been expanding the horizon of the cloud robotics market. Cloud has extended compute resources and servers beyond imagination—evidently found in modern data centers.
The unprecedented growth of industrial robots has pushed cloud robotics to pay crucial role in real-time performance efficiency and accuracy of the robots. The vast potential of cloud storage in driving the vast volumes of on-board computation in robotics has paved way to new avenue in the cloud robotics market.
A number of initiatives by stalwarts with the likes of Google are expanding cloud robotics infrastructure. The ongoing projects are expected to create new frontiers in next-gen automation for manufacturing industries. In addition, the benefits of converged infrastructure and shared services under cloud models is slated to chart new trajectories in automation in multiple industries including healthcare, logistics, and defense and automotive.
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Cloud Robotics As-a-service to Open New Consumer Propositions
Two trends are central to expanding the business propositions for new product development in the cloud robotics market. The presence of open-source hardware and software and growing dollars committed toward crowd-sourcing of robotics funding in developed nations are enriching the prospects of the cloud robotics market.
The global worth of the market is anticipated to reach US$21.94 bn by 2024. Globally, the opportunities in Asia Pacific are expected to rise at a remarkable pace during the forecast period of 2016 – 2024. The growing spending on consolidating the next-gen 5G infrastructure has opened promise for cloud-based business models, where cloud robots-as-a-service will likely gather traction. Government and industrial clients in Asia Pacific are expanding their bets in Asia Pacific cloud robotics market. In the near future, businesses in the end-use industries will become receptive of the value propositions of robotics as a service (Raas) and platform as a service (PaaS). The growth potential is likely to be spearheaded by 5G, notably in industrial cloud robotics
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