Internet of Robotic Things Market By Component (Software, Services), By Software Type (Network Bandwidth Management, Data Management, Remote Monitoring System, Security Solution, Real Time Streaming Analytics), By Type (Sensors, Actuators, Control System, Power Source, Others), By Platform (Device Management Platform, Application Management Platform, Network Management Platform), By End User (Aerospace and Defense, Automotive and Manufacturing, Healthcare, Food and Beverages, Logistics, Media and Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The notion of the Internet of Robotic Things describes a network of intelligent devices that can observe events, combine sensor data from various sources, apply intelligence to decide on the best course of action, and move physical items. The Industrial Internet of Things, intelligent networking, cloud computing, artificial intelligence, digital twins, distributed ledger technology, and many more are the technologies that are most frequently employed in the IoRT.
Surge in adoption in e-commerce sector and rise in implementation of new technologies integrated with robotics for industry 4.0 primarily drive growth of the Internet of robotics things market. However, expensive R&D and maintenance and product development is a time consuming process hamper the market growth to some extent. Moreover, increasing deployment of robotics in education and health industry are expected to provide lucrative opportunities for the market growth during the forecast period.
The IoRT market is segmented on the basis of component, software type, platform, type, end user, and region. On the basis of component, it is segregated into software, and service. On the basis of software type, it is divided into network bandwidth management, data management, remote monitoring system, security solution, and real time streaming analytics. On the basis of type, it is bifurcated into sensors, actuators, control system, power source and others. On the basis of platform, it is classified into device management platform, application management platform, and network management platform. On the basis of end user, it is segregated into aerospace and defense, automotive and manufacturing, healthcare, food and beverages, logistics, media and entertainment and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include ABB Ltd., Aethon inc., Amazon.com, Bluefin Robotic Corporation, Cisco, ECA Group, FANUC Corporation, Google, Intel corporation, iRobotic Corporation. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global IoRT market forecast along with the current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global workplace safety market trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.
Key Market Segments
By Type
Sensors
Actuators
Control System
Power Source
Others
By Platform
Device Management Platform
Application Management Platform
Network Management Platform
By Component
Software
Services
By End User
Aerospace and Defense
Automotive and Manufacturing
Healthcare
Food and Beverages
Logistics
Media and Entertainment
Others
By Software Type
Network Bandwidth Management
Data Management
Remote Monitoring System
Security Solution
Real Time Streaming Analytics
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
FANUC CORPORATION
Google LLC
Amazon.com Inc.
Intel Corporation
Aethon Inc.
Bluefin Robotics Corporation
eca group
iRobot Corporation
ABB Ltd.
Cisco Systems Inc.
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