Global Cloud Robotics Market to Reach $16B by 2023, says Mind Commerce

Global Cloud Robotics Market to Reach $16B by 2023, says Mind Commerce Image Credit: dolgachov/Bigstockphoto.com

Global Cloud Robotics market is forecast to reach $16B by 2023, says Mind Commerce, a leading market research firm.

Cloud Robotics enables robots to be operated remotely by way of common infrastructure, Open APIs, and many user interfaces. Cloud Robotics is distinguished from the general field of electromechanical automation through its use of Teleoperation as well as reliance upon various Cloud Computing technologies such as computing and storage as well as the emerging cloud-based business models enabling robotics as a service. In addition, Cloud Robotics will benefit greatly from Edge Computing technologies such as Mobile Edge Computing as well as commercial introduction of 5G, says Mind Commerce.

Mind Commerce anticipates Robot Platform as a Service (PaaS) to be the most successful Robots as a Service model through 2023. Supporting this business model, stationary, wheeled, and legged will be top three robot types respectively, outpacing aerial drones and UAVs through the study period. Despite the great importance of 5G and Mobile Edge Computing, non-cellular wireless and fixed access are expected to remain the highest connectivity methods through 2023.

Mind Commerce's Cloud Robotics Market report evaluates the Cloud Robotics market including technologies, companies, strategies, use cases, and solutions. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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