Cloud Robotics Market Analysis By Global Industry Size, Share, Trends, Opportunity and Forecast 2024
Global Cloud Robotics market is expected to grow at a double digit CAGR during the forecast period, owing to proliferation of the cloud technology and increase in the adoption of IoT and advancements in AI and machine learning technologies. Based on the component, the Global Cloud Robotics market has been segmented into Hardware, Software and Service. The software segment is expected to grow at higher rate during the forecast period due to rising demand for advanced technologies such as robotics as a service (Raas) and platform as a service (PaaS). Based on the Connectivity Technology, the Global Cloud Robotics market is categorised into Bluetooth, Wi-Fi, 3G, 4G, 5G, RF, and Infrared. 5G segment is expected to grow at a higher rate during the forecast period, due to technological advancements. Geographically, the market has been segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. North America dominated the market in 2018, due to the early a...