Internet Robotic Things Market size is expected to reach US$ 132.3 Bn. by 2029, growing at a CAGR of 29.7% during the forecast period. Internet of Robotic Things Market for North America has been changing the way various industrial sectors evolved in the last few decades. The application of the robotics aspect within the wider IoT transforms the various landscape that are currently being dominated by different business models built upon passive interaction to different dynamic and physical relationships among the digital and physical world. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
The IoT technologies, architectures, and services allow massive numbers of sensor being enabled to uniquely address things for communicating with each other and transfer data within the pervasive networks using Internet protocols, which will be the next great technological innovation and business opportunity. It is going to exceed in size and importance for both the personal computer and mobile communications markets, changing the development of the Internet itself.
Currently, most of the IoT initiatives are focused on using connected devices having simple, onboard, and passive sensors to manage, and optimize systems with their processes. This is expected to be immensely impactful. However, the forward-thinking companies explore the more advanced aspects of ubiquitous connectivity to communicate among smart devices. The concept of the Internet of Robotic Things or IoRT is where intelligent devices monitor events, and fuse sensor data from different sources, using both local and distributed intelligence to manage the best course of action. Then it acts on to control or manipulate objects within the physical world, while in some cases physically moving through that world.
In 2015, ABB placed itself in the centre of the IoT technologies in industrial robotics by becoming branch of the Industrial Internet Consortium. Even though IoT might seem new, ABB had announced that their IoT SP or Internet of Things, Services and People strategy has been on track for the last 10 years. They have been trying to find ways for integrating all of the sensors and devices on the manufacturing floor to improve different areas of their operations and improving the reliability of systems for optimizing processes.
The Internet of Things (IoT) and robotics communities have been driven by different and highly complementary objectives, that previously focused on supporting information services for pervasive sensing, tracking and monitoring. The concept focuses on producing action, interaction and autonomous behaviour. For different reason, it is being claimed that the creation of an internet of robotic things (IoRT) combines together the results from the two communities having a strong added value. North America has seen numerous changes across the robotic segment with large investments being made especially in the healthcare sector for hassle free surgeries along with speeding up the complete work. The objective of the report is to present comprehensive analysis Internet of Robotic Things Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Internet of Robotic Things Market dynamics, structure by analyzing the market segments, and project the Internet of Robotic Things Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Internet of Robotic Things Market make the report investor’s guide.Internet of Robotic Things Market Scope: Inquire before buying
Global Internet of Robotic Things Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 21.43 Bn. Forecast Period 2023 to 2029 CAGR: 29.7% Market Size in 2029: US $ 132.3 Bn. Segments Covered: by Software • Remote Monitoring Systems • Real-Time Streaming Analytics • Data Management • Network Bandwidth Management • Security Solutions by Services • Managed Services • Professional Services by Components • Control Systems • Sensors • Power Sources • Actuators • Others by Platforms • Application Management Platform • Network Management Platform • Device Management Platform by Application • Service Robots • Collaborative Industrial Robots Internet of Robotic Things Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Internet of Robotic Things Market ,Key Players are:
• Fanuc Corporation • Kuka Ag • Irobot Corporation • Intel Corporation • Samsung Electric Co. Ltd. • Cisco Systems Inc. • Com, Inc. • Yaskawa Electric Corporation • Google Inc. • Bluefin Robotics Corporation. • Samsung Electronics Co. • Abb Ltd. • Aethon Inc. • Northrop Grumman Corporation • Honda Motors Co. Ltd. • Geckosystems Intl. Corporation • Robert Bosch Gmbh • Cisco Systems, Inc. Frequently Asked Questions: 1. Which region has the largest share in Global Internet Robotic Things Market ? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Internet Robotic Things Market ? Ans: The Global Internet Robotic Things Market is growing at a CAGR of 6.24% during forecasting period 2023-2029. 3. What is scope of the Global Internet Robotic Things Market report? Ans: Global Internet Robotic Things Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Internet Robotic Things Market ? Ans: The important key players in the Global Internet Robotic Things Market are – Fanuc Corporation, Kuka Ag, Irobot Corporation, Intel Corporation, Samsung Electric Co. Ltd., Cisco Systems Inc., Com, Inc., Yaskawa Electric Corporation, Google Inc., Bluefin Robotics Corporation., Samsung Electronics Co., Abb Ltd., Aethon Inc., Northrop Grumman Corporation, Honda Motors Co. Ltd., Geckosystems Intl. Corporation, Robert Bosch Gmbh, Cisco Systems, Inc.. 5. What is the study period of this Market? Ans: The Global Internet Robotic Things Market is studied from 2022 to 2029.
