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.
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.
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.
Internet of Robotic Things (IoRT) Market
2015 – 2026
2015 – 2016
2018 – 2026
Application, Service, Software, Platform, Smart Robot Component, Geography
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,
Player Profiling, Value Chain Analysis
Some of the market players engaged in research and development on the internet of robotic things include Fanuc Corp., Amazon.com, Inc.,
Market By Platform
· Device Management Platform
· Network Management Platform
· Application Management Platform
Market By Smart Robot Component
· Control systems
· 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 Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
Introduction Treasury software or treasury operations comprise supervision of an enterprise's holdings, with the crucial aim of running the firm's liquidity and reducing its financial, operational, and reputational jeopardy. Treasury software includes d...
Introduction Management consulting services market provides strategists, senior management and marketers with the information that are essential to assess the market. The management consulting services market encompasses formations providing services dealing wi...
Introduction Interactive whiteboard is a large display which is connected to a projector and computer. The projector projects what is presented on the computer desktop and the image is then projected on the whiteboard which can be operated or regulated by the m...
Introduction Enterprise database is used by large organizations and enterprises in order to manage huge amount of data. Enterprise database is robust enough to successfully handle various queries fired by several users. Mostly it is capable of handling users ra...
Introduction The environmental consultation services are vital as they have an important and direct impact on the quality of existence of personalities of a topographical area. In today’s ecologically-sensitive biosphere, business owners must act in accor...
Introduction Content delivery network (CDN) assistances in delivering content at high rapidity and hence are utmost helpful to websites observing heavy traffic and can be accessed globally. Major functionality of CDN comprises outsourcing content, readdressing ...