Cloud based Smart Robotics Market Will Generate New Growth Opportunities by 2023

Increase in demand for automation in small and medium enterprises, decline in cost of cloud robotics and enhanced efficiency have pushed the demand for cloud robotics across a wide range of end-users. Cloud robotics is a method where the computational and analytical part of the robots are shifted to the cloud in order to save infrastructural complexities and utilize larger memory and enhanced processing capabilities available on the cloud. Two major factors that are increasing the demand for cloud robotics include the enhancement in the overall productivity by using cloud robotics and reduction in infrastructural requirements in enterprises with the usage of cloud robotics. Cloud robotics is used across several end-users for a varied range of applications owing to several cost-related benefits. Some of the distinct features of cloud robotics include their remote operations, real-time analytics and higher operations efficiency. Therefore, the demand for cloud robotics across various end-users is on the rise since the inception of this term in 2010. In the span of past five years (2014-2018) industry has witnessed several product launches from key cloud robotics platform providers. In a nutshell, the ongoing developments underline a change undergoing in the robotics industry where cloud robotics is emerging as the next big thing.

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In 1960s, a new concept was rising which was called "the cloud" which meant the remote access of the centralized servers of very high storage capacity and processing strength. During the same time the concept of cloud computing emerged. This concept was the intergalactic computer network, which shared the common storage space and processing strength and shifted the complex processing tasks to the cloud. During the last decade (2009-2018) the cloud-computing technology has served to revolutionize both the enterprise IT and supplier landscape. In addition, the cloud computing technology has evolved from being promoted by the service providers to becoming the mainstream requirement of most of the modern enterprises.

After 1960s, the cloud computing has gone through several changes and transformations. The cloud computing has witnessed several milestones. For instance, the arrival of Salesforce.com in 1999 which enabled the delivery of enterprise applications through a simple website. After that, the second biggest milestone was the entry of players such as Google LLC and Microsoft Corporation in cloud computing ecosystem during 2009.

As the advancements in cloud computing is progressing and the industrial automation is also taking place at the rapid pace. The demand of robots in industrial environment is gaining popularity. Furthermore, the service robots are also gaining traction across commercial and residential end-users. This has gained pace in last decade (2009-2018) especially with the advent of Internet of Things (IoT) and the concept of connected devices. During the same time, in the year 2010, a new term was coined by James Kuffner which was "cloud robotics". Cloud robotics primarily aims to join robots with cloud computation, cloud-storage and high speed communication resource. The main aim of the cloud robotics is to shift the computational and storage tasks to the cloud in order to reduce the burden on the device and utilize the higher storage and processing capabilities available on the cloud.

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By definition, cloud robotics provides access to the physical robot and control over its operation at anytime from any place with the help of internet and other connected technologies. The cloud robotics is being used across industrial, commercial and consumer applications of the robots. Various advantages of cloud robotics have resulted in their soaring popularity, which in turn has resulted in rise of the market revenue in the last 5 years (2014-2018). Owing to the above-mentioned advantages, the demand of cloud robotics is anticipated to increase rapidly in the upcoming years (2018-2023). As the adoption of cloud-robotics will increase, the number of connected robots will also increase accordingly. The following figure depicts the present and forecasted number of connected and total number of robots worldwide.

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