North America Cloud Robotics Market Size, Share & Trends Analysis Report By Component (Software and Service), By Robot Type, By Enterprise Size, By Service Model (SaaS, PaaS, and IaaS), By Vertical, By Country and Growth Forecast, 2024 - 2031
The North America Cloud Robotics Market would witness market growth of 24.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Cloud Robotics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,350.8 million by 2031. The Canada market is experiencing a CAGR of 26.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 25.9% during (2024 - 2031).
Cloud robotics refers to integrating cloud computing technologies with robotics, enabling robots to process data and perform tasks by leveraging cloud-based resources rather than relying solely on local computing power. This field transforms the robotics landscape by making robots smarter, more versatile, and cost-effective. The cloud robotics market is witnessing rapid growth, driven by advancements in cloud computing, the increasing demand for automation across industries, and the growing need for scalable and flexible solutions.
In addition, cloud robotics has a wide range of applications across various industries. Cloud robotics transforms manufacturing by improving production efficiency, quality control, and predictive maintenance. Robots powered by cloud technology can work in sync with other machines on the factory floor, collect and analyze data in real time, and adapt to changing conditions without human intervention. For example, robotic arms on production lines can be monitored and reprogrammed remotely through cloud interfaces, allowing manufacturers to optimize processes dynamically.
In Mexico, the rapid growth of e-commerce, with 63 million users in 2022, is fueling the need for logistics automation. Cloud robotics improves inventory management, order fulfillment, and autonomous delivery systems. The need for scalable and effective automation solutions will fuel the expansion of the cloud robotics market in Mexico as the e-commerce industry grows. In conclusion, the technological advancements in Canada’s aerospace sector and Mexico’s e-commerce industry, supported by government initiatives, are driving the adoption of cloud robotics.
Based on Component, the market is segmented into Software and Service. Based on Robot Type, the market is segmented into Industrial Robots and Service Robots. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on Service Model, the market is segmented into SaaS, PaaS, and IaaS. Based on Vertical, the market is segmented into Manufacturing, Logistics, Healthcare, Aerospace & Defense, Media & Entertainment, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Kuka AG (Midea Group Co., Ltd.)
- Hyundai Motor Company
- SoftBank Robotics Group (SoftBank Group Corporation)
- ABB Group
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Siemens AG
- CloudMinds Technology Inc.
- IBM Corporation
- Rockwell Automation Inc.
By Component
- Software
- Service
- Industrial Robots
- Service Robots
- Large Enterprises
- SMEs
- SaaS
- PaaS
- IaaS
- Manufacturing
- Logistics
- Healthcare
- Aerospace & Defense
- Media & Entertainment
- Other Vertical
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Cloud Robotics Market, by Component
- 1.4.2 North America Cloud Robotics Market, by Robot Type
- 1.4.3 North America Cloud Robotics Market, by Enterprise Size
- 1.4.4 North America Cloud Robotics Market, by Service Model
- 1.4.5 North America Cloud Robotics Market, by Vertical
- 1.4.6 North America Cloud Robotics Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Cloud Robotics Market by Component
- 5.1 North America Software Market by Region
- 5.2 North America Service Market by Region
- Chapter 6. North America Cloud Robotics Market by Robot Type
- 6.1 North America Industrial Robots Market by Region
- 6.2 North America Service Robots Market by Region
- Chapter 7. North America Cloud Robotics Market by Enterprise Size
- 7.1 North America Large Enterprises Market by Country
- 7.2 North America SMEs Market by Country
- Chapter 8. North America Cloud Robotics Market by Service Model
- 8.1 North America SaaS Market by Country
- 8.2 North America PaaS Market by Country
- 8.3 North America IaaS Market by Country
- Chapter 9. North America Cloud Robotics Market by Vertical
- 9.1 North America Manufacturing Market by Country
- 9.2 North America Logistics Market by Country
- 9.3 North America Healthcare Market by Country
- 9.4 North America Aerospace & Defense Market by Country
- 9.5 North America Media & Entertainment Market by Country
- 9.6 North America Other Vertical Market by Country
- Chapter 10. North America Cloud Robotics Market by Country
- 10.1 US Cloud Robotics Market
- 10.1.1 US Cloud Robotics Market by Component
- 10.1.2 US Cloud Robotics Market by Robot Type
- 10.1.3 US Cloud Robotics Market by Enterprise Size
- 10.1.4 US Cloud Robotics Market by Service Model
- 10.1.5 US Cloud Robotics Market by Vertical
- 10.2 Canada Cloud Robotics Market
- 10.2.1 Canada Cloud Robotics Market by Component
- 10.2.2 Canada Cloud Robotics Market by Robot Type
- 10.2.3 Canada Cloud Robotics Market by Enterprise Size
- 10.2.4 Canada Cloud Robotics Market by Service Model
- 10.2.5 Canada Cloud Robotics Market by Vertical
- 10.3 Mexico Cloud Robotics Market
- 10.3.1 Mexico Cloud Robotics Market by Component
- 10.3.2 Mexico Cloud Robotics Market by Robot Type
- 10.3.3 Mexico Cloud Robotics Market by Enterprise Size
- 10.3.4 Mexico Cloud Robotics Market by Service Model
- 10.3.5 Mexico Cloud Robotics Market by Vertical
- 10.4 Rest of North America Cloud Robotics Market
- 10.4.1 Rest of North America Cloud Robotics Market by Component
- 10.4.2 Rest of North America Cloud Robotics Market by Robot Type
- 10.4.3 Rest of North America Cloud Robotics Market by Enterprise Size
- 10.4.4 Rest of North America Cloud Robotics Market by Service Model
- 10.4.5 Rest of North America Cloud Robotics Market by Vertical
- Chapter 11. Company Profiles
- 11.1 Kuka AG (Midea Group Co., Ltd.)
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Segmental and Regional Analysis
- 11.1.4 Research & Development Expenses
- 11.1.5 Recent strategies and developments:
- 11.1.5.1 Product Launches and Product Expansions:
- 11.1.6 SWOT Analysis
- 11.2 Hyundai Motor Company
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Segmental and Regional Analysis
- 11.2.4 Research & Development Expense
- 11.2.5 Recent strategies and developments:
- 11.2.5.1 Acquisition and Mergers:
- 11.2.6 SWOT Analysis
- 11.3 SoftBank Robotics Group (SoftBank Group Corporation)
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Recent strategies and developments:
- 11.3.3.1 Partnerships, Collaborations, and Agreements:
- 11.3.3.2 Product Launches and Product Expansions:
- 11.3.4 SWOT Analysis
- 11.4 ABB Group
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Segmental and Regional Analysis
- 11.4.4 Research & Development Expense
- 11.4.5 Recent strategies and developments:
- 11.4.5.1 Acquisition and Mergers:
- 11.4.6 SWOT Analysis
- 11.5 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 11.5.1 Company Overview
- 11.5.2 Financial Analysis
- 11.5.3 Segmental Analysis
- 11.5.4 Recent strategies and developments:
- 11.5.4.1 Partnerships, Collaborations, and Agreements:
- 11.5.4.2 Product Launches and Product Expansions:
- 11.5.5 SWOT Analysis
- 11.6 Microsoft Corporation
- 11.6.1 Company Overview
- 11.6.2 Financial Analysis
- 11.6.3 Segmental and Regional Analysis
- 11.6.4 Research & Development Expenses
- 11.6.5 Recent strategies and developments:
- 11.6.5.1 Partnerships, Collaborations, and Agreements:
- 11.6.6 SWOT Analysis
- 11.7 Siemens AG
- 11.7.1 Company Overview
- 11.7.2 Financial Analysis
- 11.7.3 Segmental and Regional Analysis
- 11.7.4 Research & Development Expense
- 11.7.5 Recent strategies and developments:
- 11.7.5.1 Partnerships, Collaborations, and Agreements:
- 11.7.6 SWOT Analysis
- 11.8 CloudMinds Technology Inc.
- 11.8.1 Company Overview
- 11.9 IBM Corporation
- 11.9.1 Company Overview
- 11.9.2 Financial Analysis
- 11.9.3 Regional & Segmental Analysis
- 11.9.4 Research & Development Expenses
- 11.9.5 Recent strategies and developments:
- 11.9.5.1 Partnerships, Collaborations, and Agreements:
- 11.9.5.2 Acquisition and Mergers:
- 11.9.6 SWOT Analysis
- 11.10. Rockwell Automation, Inc.
- 11.10.1 Company Overview
- 11.10.2 Financial Analysis
- 11.10.3 Segmental and Regional Analysis
- 11.10.4 Research & Development Expenses
- 11.10.5 Recent strategies and developments:
- 11.10.5.1 Partnerships, Collaborations, and Agreements:
- 11.10.6 SWOT Analysis
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