Skip to main content

Internet of Robotics Things Market Revenue Opportunities & Various Manufacture Development Analysis by (2019-2022)

internet of robotics things market


The Internet of Robotic Things Market is expected to be valued at USD 21.44 billion by 2022, growing at a CAGR of 29.7% between 2016 and 2022. The growth of this market is majorly driven by the adoption of IoRT by e-commerce industry, increasing application areas owing to integration of robots with various technologies, short payback period and ROI.
The IoRT services market is expected to grow at the highest rate during the forecast period. Factors such as increasing adoption of connected devices across organizations and evolution of high-speed networking technologies have encouraged organizations in every industry sector to adopt IoRT solutions. However, for the integration of new solutions into the company’s existing infrastructure, companies would need managed and professional services to adopt IoRT solutions.
The market for device management platform was the largest in IoRT platform market in 2015 and is expected to grow at the highest rate during the forecast period. Organizations while using IoRT devices require platforms to manage information and applications. The major reason for growth for device management platform is because of growing requirements for access and control over IoRT devices across industries.
Download PDF Brochure : https://www.marketsandmarkets.com/requestsampleNew.asp?id=85094927
The IoRT market for smart robot component held the largest market size in 2015 as developing the IoRT products requires a lot of integration and assembly of various components such as sensors, actuators, power systems, control systems, and many other electrical and electronic devices. These are the key contributors for the connected robotic products. More customized and application-specific product requires more and more classified components.
The market for service robots application was the largest in 2015. The wide range of applications in service robotics is still expanding with the introduction of Internet of Things and its different capabilities in robotics. The medical, healthcare, domestic, and defense and security are few industries that have been adopting IoRT technology in its operations.
North America accounted for the largest market share of IoRT market followed by Europe in 2015. The rate of adoption of IoRT in North America is expected to be more as compared to other regions; it is expected to grow at the highest rate during the forecast period.
The major challenge for the companies in the market is implementation of high quality and reliable robots, and testing them with suitable solutions and data security and interoperability issues. High cost of R&D and long process of new product development are few restraints for the growth of IoRT market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Labels:

Comments

Post a Comment

Popular posts from this blog

Global Mobile Video Surveillance Market Size, Demand Analysis, Growth Rate and Deep Industry Research Reports

According to the new market research report  " Mobile Video Surveillance Market  by Offering (Hardware (Cameras, Storage Solutions), Software (Video Analytics, VMS), Service), Application (Trains & Trams, Buses, Transport Vehicles, Police Cars, Drones), Vertical, and Geography - Global Forecast to 2023" , The mobile video surveillance market was valued at 1.40 Billion in 2017 and is expected to reach USD 2.32 Billion by 2023, at a CAGR of 8.77% between 2017 and 2023. The increasing installation of surveillance cameras, improving infrastructure and deployment capabilities, rising demand for intelligent and scalable mobile video surveillance solutions, rising demand for cloud-based surveillance solutions, and growing adoption of IP cameras are the driving factors for the mobile video surveillance market growth. Hardware includes cameras, storage solutions, video encoders, and so on. Hardware components have become technologically more advanced and affordable. The ri...
Post a Comment
Read more

Global Low Noise Amplifier (LNA) Market Inclined to Deliver Positive Growth Results until 2023

The Low Noise Amplifier (LNA) Market is expected to be worth USD 3.00 billion by 2023, at a CAGR of 13.8% between 2017 and 2023. The rapid development of space programs worldwide, evolution of 5G technology, and commercialization of IoT provide the key opportunities for the market . Some of the key factors driving the growth of this market are the huge demand from the smartphone market, adoption of E Band to meet growing bandwidth demand, and increasing usage of long-term evolution (LTE) technology . The major players of the LNA market are NXP Semiconductors N.V. ( Netherlands ), Analog Devices, Inc. ( US ), Infineon Technologies AG ( Germany ), L3 Narda-MITEQ (US), Qorvo, Inc. ( US ), Skyworks Solutions, Inc. ( US ), ON Semiconductor Corp. ( US ), Panasonic Corp. (Japan), Texas Instruments, Inc. ( US ), and Teledyne Microwave Solutions ( US ). The key innovators in the market are Custom MMIC (US), MACOM Technology Solutions Holdings, Inc. ( US ), SAGE Millimet...
Post a Comment
Read more

Global Mobile Biometrics Market Inclined to Deliver Positive Growth Results until 2022

The Mobile Biometrics Market is expected to grow from USD 4.03 Billion in 2015 to USD 49.33 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022. The industrial consensus on developing intelligence in mobile devices drives the use of biometric technology. In the last few years, most of the smart phone companies have launched biometrics-enabled phones. While the focus is currently on fingerprint recognition technology, the market is trending toward advanced biometric technologies such as face, voice, iris, and others. Mobile biometrics is a technology used for security and authentication . The mobile biometrics market has witnessed enormous developments in the past few years. In the current scenario, consumer electronics industry holds the largest share of the market. Consumer electronics companies have shown extensive growth and hold a major share of the global mobile biometrics market. The mobile biometrics market is mainly driven by the strategic contracts, partnership...
Post a Comment
Read more