Cloud Robotics — Set Tone for Next Level of Industrial Automation

The emergence of cloud connected robots and their expanding applications are expected to drive the global cloud robotics market. Cloud connectivity offers increased data storage, collective learning solutions, and increased brain power. Increase in the uptake of cloud robotics is thus on cards subsequent to advancements in the cloud technology. In addition, the surging demand for automation across manufacturing, automotive, defense and logistics, agriculture, and healthcare sectors will push deployment of cloud robotics.

Transparency Market Research (TMR) has prophesized the market to expand at an impressive 32.4% CAGR between 2016 and 2024. The global cloud robotics market was valued at US$1.38 bn in 2015. Considering its pace of gain, the market is forecast to reach US$21.94 bn by the end of 2024.

For Extensive Technical Insights — https://bit.ly/3HzxkYP

Emergence of Cloud-connected Robots to Spearhead Market Growth

In a recent phenomenon there has been an emergence of cloud-connected robots with an expansion of their applications and it is foreseen to stimulate growth of the market. Cloud connectivity comes with better data storage capacity, improved and augmented brain power, and collective learning solutions. As such, there is a clear probability of increased adoption of cloud robotics owing to the prevailing technological advancement in the field of cloud technology.

Soaring requirement for automation across various industries are estimated to stimulate the market for cloud robotics. There has been an ongoing and increasing requirement for improved efficiency in many different industrial processes which, as a result, is driving the demand for automation. Such increasing drive for automation is expected to bolster demand for cloud robotics. These cloud robots make use of software, electrical and mechanical systems for better speed, precision, and accuracy and as such, installations of such robots is expected to rise immensely.