Internet of Robotic Things (IoRT) Market Analysis - Global Industry Size, Share, Trends and Forecast 2018 - 2026

ICT | Delivery Format: PDF | Status: Forthcoming | Report ID: ARC513

Introduction

Robots assist humans in their day-to-day lives at work, at home, or in public surroundings. The visualization of forthcoming world would be to have robot butlers whose vital task would be to assist individuals as acquaintance in their regular lives and relieve humans from irksome, dirty, heavy, and monotonous tasks. The domestic robot is not only considered as a smart device but also as an artificial mortal, which develops its abilities in a continuous procedure by obtaining new information and expertise. Also, the growing urbanization and ageing population is contributing to its growth.

Market Dynamics

The market for internet of robotic things is driven owing to the feature of machine to act humanly, population demand for functioning efficiently, accurate outcome and effective completion of task from artificial intelligence. On the other hand the initial cost for development and regular maintenance cost can hamper the growth of internet of robotic things market. The end user shift towards artificial intelligence over human intelligence is expected to boost the growth of IoRT market in the forthcoming years.

Market Classification

The internet of robotic things market is segmented into application, service, software, platform, smart robot component, and geography. On the basis of application, the market is classified into service sector, and collaborative industrial robots. Based on service, the market is classified as managed services and professional services. The market is segmented into smart robot component as actuators, control systems, sensors, power source and other components (electrical, electronic and mechanical). Software segment of IoRT market is divided into real time streaming analytics, remote monitoring system, data management, network bandwidth management, and security solution. Based on platform, the market is bifurcated into device management platform, network management platform and application management platform. Based on geography, the market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.

Report Coverage

Market

Internet of Robotic Things  (IoRT) Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Application, Service, Software, Platform, Smart Robot Component, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

Some of the market players engaged in research and development on the internet of robotic things include Fanuc Corp., Amazon.com, Inc., ABB Ltd., Google Inc., KUKA AG, iRobot Corp., and among others.

Market Segmentation

Market By Platform

·         Device Management Platform

·         Network Management Platform

·         Application Management Platform

Market By Smart Robot Component

·         Actuators

·         Control systems

·         Sensors

·         Power source

·         Others (Electrical, Electronic and Mechanical)

Market By Software

·         Real Time Streaming Analytics

·         Remote Monitoring System

·         Data Management

·         Network Bandwidth Management

·         Security Solution

Market By Service

·         Managed Services

·         Professional Services

Market By Application

·         Service Sector

·         Collaborative Industrial Robots

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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