Global cloud robotics market to reach $40.29 billion by 2030

Global cloud robotics market will reach $40.29 billion by 2030, growing by 26.5% annually over 2020-2030, according to Altus Market Research. The market is driven by proliferation of the cloud technology, broad spectrum use of wireless technologies, the cost-effectiveness and enhanced process efficiency of cloud robotics, and the increase in the adoption of Internet of Things (IoT) and Artificial Intelligence (AI).