SAN FRANCISCO, Aug. 24, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Cloud Robotics – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: May 2021
Executive Pool: 33642
Companies: 22 – Players covered include Amazon Robotics; C2RO; Cloudminds Technologies; Google, Inc.; HIT Robot Group; Huawei Technologies Co., Ltd.; IBM Corporation; Microsoft Corporation; Ortelio Ltd.; Rapyuta Robotics Co., Ltd.; Tend.ai, Inc.; V3 Smart Technologies Pte Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Deployment Model (Public, Private, Hybrid Cloud); End-Use (Manufacturing, Defense, BFSI, Transportation & Logistics, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Cloud Robotics Market to Reach $15 Billion by 2026
Amid the COVID-19 crisis, the global market for Cloud Robotics estimated at US$3.8 Billion in the year 2020, is projected to reach a revised size of US$15 Billion by 2026, growing at a CAGR of 25.1% over the analysis period. Public, one of the segments analyzed in the report, is projected to record a 19.4% CAGR and reach US$5.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Private segment is readjusted to a revised 25.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.3 Billion in 2021, While China is Forecast to Reach $2.4 Billion by 2026
The Cloud Robotics market in the U.S. is estimated at US$1.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2026 trailing a CAGR of 24.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.7% and 21.9% respectively over the analysis period. Within Europe
Hybrid Cloud Segment to Reach US$5.5 Billion by the year 2026
In the global Hybrid Cloud segment, USA, Canada, Japan, China and Europe will drive the 31.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$750.1 Million in the year 2020 will reach a projected size of US$5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2026. More
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SOURCE Global Industry Analysts, Inc.
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