The Brazil market dominated the LAMEA Cloud Robotics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $825.8 million by 2031. The Argentina market is expected to witness a CAGR of 28.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 26% during 2024-2031.
Edge computing, which involves processing data closer to the source of generation, is becoming an important trend in cloud robotics. By processing data locally on the robot, edge computing can help reduce latency and bandwidth requirements while still utilizing the cloud for heavy computational tasks. Hybrid cloud models, combining on-premises systems with cloud-based resources, are gaining traction as businesses seek more flexible and efficient solutions.
The growing use of AI and machine learning in cloud robotics enables robots to perform increasingly complex tasks with minimal human intervention. Robots powered by AI can learn from past experiences, adapt to new environments, and make autonomous decisions. This trend is expected to accelerate as AI technologies continue to improve.
Saudi Arabia’s ongoing investment in the cloud industry is poised to create a robust foundation for the growth of the cloud robotics market. The country’s projected public cloud spending, set to reach $2.5 billion by 2026, coupled with the launch of the Cloud Computing Special Economic Zone in May 2023, signals a strong commitment to cloud adoption. The expansion of cloud infrastructure in Saudi Arabia enhances the capabilities of cloud robotics by providing the necessary resources for data processing, storage, and real-time communication required for complex robotic operations. Cloud robotics systems increasingly rely on cloud platforms to handle large amounts of data, manage fleet operations, and improve decision-making in dynamic environments.
As Saudi Arabia develops its cloud ecosystem, the robotics industry will benefit from improved connectivity, scalability, and accessibility, fostering innovation and accelerating the deployment of advanced robotics solutions across manufacturing, healthcare, and logistics sectors. In conclusion, the growing logistics sector in the UAE and the rapid expansion of the cloud industry in Saudi Arabia are set to play critical roles in advancing the cloud robotics market.
List of Key Companies Profiled
- Kuka AG (Midea Group Co., Ltd.)
- Hyundai Motor Company
- SoftBank Robotics Group (SoftBank Group Corporation)
- ABB Group
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Siemens AG
- CloudMinds Technology Inc.
- IBM Corporation
- Rockwell Automation Inc.
Market Report Segmentation
By Component- Software
- Service
- Industrial Robots
- Service Robots
- Large Enterprises
- SMEs
- SaaS
- PaaS
- IaaS
- Manufacturing
- Logistics
- Healthcare
- Aerospace & Defense
- Media & Entertainment
- Other Vertical
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Companies Mentioned
- Kuka AG (Midea Group Co., Ltd.)
- Hyundai Motor Company
- SoftBank Robotics Group (SoftBank Group Corporation)
- ABB Group
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Siemens AG
- CloudMinds Technology Inc.
- IBM Corporation
- Rockwell Automation Inc.
Methodology
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