San Francisco, California, Mar 28, 2018: A new research study by TMR Research presents an exhaustive assessment of the global market for cloud robotics. The research report, titled “Cloud Robotics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” assesses the prominent trends, growth drivers, hindrances, market potentials, opportunities, and the challenges to find out the future prospects and performance of this market.
As per the research study, the significant rise in computing and the increasing trend of automation in enterprises are the main factors behind the growth of the global market for cloud robotics. Over the coming years, the advancements in the technologies are likely to support this market to expand smoothly, reports the market study.
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Among the regional markets for cloud robotics, North America has been leading the global market. Expanding at an exponential CAGR of 33.90% between 2017 and 2025, this regional market is anticipated to remain dominant in the near future, presenting lucrative growth opportunities to market players. The early uptake of technology in this region is the main factor that has been propelling the North America market for cloud robotics. The presence of established players in a large number is likely to boost this region market in the years to come, states the research report.
The competitive landscape of the global market for cloud robotics has also been examined in this research report. Kuka Robotics, Fanuc Corp., ABB Group, Cavalry Robotics, and Wolf Robotics are some of the key players in this market, mentioned in this research study.