Global Internet of Robotic Things Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Software;
Real Time Streaming Analytics, Security Solution, Data Management, Remote Monitoring System and Network Bandwidth Management.By Application;
Collaborative Industrial Robots and Service Sector.By Platform;
Device Management Platform, Application Management Platform and Network Management Platform.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Internet of Robotic Things Market (USD Million), 2021 - 2031
In the year 2024, the Global Internet of Robotic Things Market was valued at USD 23,701.45 million. The size of this market is expected to increase to USD 147,128.84 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 29.8%.
The concept of the "Internet of Robotic Things" (IoRT) envisions a network of intelligent devices capable of observing events, aggregating sensor data, applying decision-making algorithms, and manipulating physical objects. Key technologies driving IoRT include the Industrial Internet of Things, cloud computing, artificial intelligence, digital twins, and distributed ledger technology. The widespread adoption of robotics across various sectors is anticipated to be a major growth catalyst for the market. Additionally, the proliferation of e-commerce platforms and enhanced data connectivity, especially in emerging economies, are expected to fuel market expansion. Furthermore, the education sector's increasing demand for robotics and the reduced time required for return on investment contribute to market growth. However, challenges such as limited technological expertise in underdeveloped regions, concerns about data security and interoperability, and high deployment costs may hinder market progress. Moreover, lengthy product development cycles could further slow the market's growth trajectory.
The internet of robotic things market experiences significant growth due to increased adoption in the e-commerce sector and the integration of new technologies for Industry 4.0. However, challenges such as costly research and development, maintenance, and lengthy product development processes pose constraints. Nevertheless, the rising deployment of robotics in education and healthcare presents promising opportunities for market expansion in the forecast period.
Global Internet of Robotic Things Market Recent Developments
-
In 2022, Amazon unveiled the Sparrow robot, a cutting-edge intelligent system designed to handle millions of different products before packaging. This marked a major advancement in automated warehousing, showcasing IoRT's potential in logistics
-
In 2022, ABB India made notable progress with its Smart Power portfolio, increasing its capacity with collaborative robots (cobots). This move resulted in a 40% boost in productivity, a 15% increase in energy efficiency, and a 50% improvement in automation ratio for testing
Segment Analysis
The Global Internet of Robotic Things (IoRT) Market is witnessing robust growth, driven by the increasing adoption of transformative technologies such as Real-Time Streaming Analytics, Security Solutions, Data Management, Remote Monitoring Systems, and Network Bandwidth Management. Real-Time Streaming Analytics enable IoRT devices to process and analyze data in real-time, allowing for immediate insights and responses to dynamic environments. This capability enhances the efficiency and effectiveness of robotic operations by enabling timely decision-making and proactive interventions.
Security solutions play a critical role in safeguarding IoRT ecosystems from cyber threats and unauthorized access. With the proliferation of connected devices and the growing threat landscape, robust security measures are essential to protect sensitive data and ensure the integrity and reliability of robotic systems. Additionally, effective Data Management practices are crucial for handling the massive volumes of data generated by IoRT devices, ensuring data accuracy, accessibility, and compliance with regulatory requirements.
Remote Monitoring Systems enable remote management and supervision of robotic assets, facilitating predictive maintenance, performance optimization, and operational efficiency. By monitoring key metrics and detecting anomalies in real-time, organizations can proactively address issues and prevent costly downtime. Furthermore, Network Bandwidth Management solutions help optimize network resources and prioritize data traffic, ensuring smooth and efficient communication between IoRT devices and backend systems. As organizations increasingly recognize the value of IoRT in enhancing productivity, efficiency, and innovation, investments in these key growth areas are expected to drive the expansion of the Global Internet of Robotic Things Market in the coming years.
Global Internet of Robotic Things Segment Analysis
In this report, the Global Internet of Robotic Things Market has been segmented by Software, Application, Platform and Geography.
The segmentation by Software encompasses the diverse range of software solutions tailored for IoRT applications, including real-time streaming analytics, security solutions, data management platforms, and remote monitoring systems. Each software category addresses specific needs within the IoRT ecosystem, such as data processing, security, management, and control, enabling seamless integration and operation of robotic devices in connected environments.
Furthermore, the segmentation by Application highlights the myriad use cases and industries leveraging IoRT technologies, including manufacturing, healthcare, transportation, logistics, agriculture, and smart cities. IoRT applications span a wide spectrum, from industrial automation and autonomous vehicles to telemedicine and precision agriculture, driving innovation and efficiency across diverse sectors. Additionally, the segmentation by Platform elucidates the underlying infrastructure and frameworks supporting IoRT deployments, such as cloud-based platforms, edge computing solutions, and IoT platforms. These platforms provide the foundation for connectivity, data exchange, and interoperability among robotic devices, sensors, and backend systems, enabling seamless communication and collaboration in distributed environments.
By segmenting the market by Software, Application, Platform, and Geography, this report offers valuable insights into the IoRT landscape, facilitating informed decision-making, targeted marketing strategies, and customized solution development to meet the evolving needs of businesses and industries worldwide.
Global Internet of Robotic Things Market, Segmentation by Software
The Global Internet of Robotic Things Market has been segmented by Software into Real Time Streaming Analytics, Security Solution, Data Management, Remote Monitoring System and Network Bandwidth Management.
Real-Time Streaming Analytics software enables IoRT devices to process and analyze data in real-time, facilitating immediate insights and responses to dynamic environments. This capability enhances operational efficiency and enables timely decision-making in various robotic applications.
Security Solutions play a pivotal role in safeguarding IoRT ecosystems from cyber threats and unauthorized access. These solutions ensure the integrity and confidentiality of data transmitted and processed by robotic devices, bolstering trust and reliability in IoRT deployments. Data Management software is essential for handling the vast volumes of data generated by IoRT devices, ensuring data accuracy, accessibility, and compliance with regulatory standards.
Remote Monitoring Systems enable organizations to remotely supervise and manage robotic assets, facilitating predictive maintenance, performance optimization, and operational efficiency. By monitoring key metrics and detecting anomalies in real-time, organizations can proactively address issues and prevent costly downtime. Network Bandwidth Management software optimizes network resources and prioritizes data traffic, ensuring smooth and efficient communication between IoRT devices and backend systems. This segmentation provides valuable insights into the diverse software solutions driving innovation and efficiency in the Global Internet of Robotic Things Market, catering to the evolving needs of businesses and industries worldwide.
Global Internet of Robotic Things Market, Segmentation by Application
The Global Internet of Robotic Things Market has been segmented by Application into Collaborative Industrial Robots and Service Sector.
Collaborative Industrial Robots represent a significant segment within the IoRT market, encompassing robotic systems designed to work alongside humans in industrial settings. These robots are equipped with advanced sensors, actuators, and connectivity features, enabling seamless interaction and cooperation with human operators. They enhance productivity, safety, and flexibility in manufacturing environments by automating repetitive tasks, handling hazardous materials, and assisting workers in complex assembly processes.
The Service Sector category includes a diverse range of applications where IoRT technologies are deployed to enhance service delivery and customer experiences across various industries. This segment encompasses applications in healthcare, hospitality, retail, transportation, logistics, and smart cities, among others. IoRT-enabled service robots are utilized for tasks such as customer assistance, patient care, inventory management, delivery services, and facility maintenance. By leveraging connectivity and intelligence, these robots improve operational efficiency, reduce costs, and elevate service quality, driving innovation and transformation in the service industry.
This segmentation sheds light on the diverse applications and use cases driving the adoption of IoRT technologies in both industrial and service-oriented sectors. By understanding the specific needs and requirements within each application category, stakeholders can develop targeted strategies and solutions to capitalize on the opportunities presented by the Global Internet of Robotic Things Market.
Global Internet of Robotic Things Market, Segmentation by Platform
The Global Internet of Robotic Things Market has been segmented by Platform into Device Management Platform, Application Management Platform and Network Management Platform.
Device Management Platforms serve as central hubs for managing and monitoring connected robotic devices. These platforms enable administrators to remotely configure, update, and troubleshoot robotic hardware, ensuring optimal performance and reliability. By providing real-time insights into device status, health, and usage metrics, device management platforms streamline maintenance processes and enhance operational efficiency.
Application Management Platforms focus on deploying and managing software applications running on IoRT devices. These platforms facilitate the development, deployment, and lifecycle management of applications, enabling organizations to deploy custom software solutions tailored to their specific use cases and requirements. Application management platforms also support version control, software updates, and integration with backend systems, ensuring seamless interoperability and functionality.
Network Management Platforms are responsible for optimizing network resources and ensuring reliable communication between IoRT devices and backend systems. These platforms monitor network performance, manage bandwidth allocation, and prioritize data traffic to maintain optimal connectivity and minimize latency. By optimizing network efficiency and reliability, network management platforms support the seamless exchange of data and commands between robotic devices, enabling real-time collaboration and decision-making.
This segmentation provides valuable insights into the foundational platforms driving innovation and efficiency in the Global Internet of Robotic Things Market. By understanding the specific capabilities and functionalities of each platform category, stakeholders can develop tailored strategies and solutions to harness the full potential of IoRT technologies in diverse industries and applications.
Global Internet of Robotic Things Market, Segmentation by Geography
In this report, the Global Internet of Robotic Things Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Internet of Robotic Things Market Share (%), by Geographical Region, 2024
North America emerges as a prominent market for IoRT technologies, driven by the region's strong technological infrastructure, advanced manufacturing capabilities, and significant investments in research and development. The presence of key market players, innovative startups, and supportive regulatory frameworks further fuels the adoption of IoRT solutions across various industries such as manufacturing, healthcare, logistics, and smart cities.
Europe represents another significant market for IoRT, characterized by a high level of industrial automation, stringent regulatory standards, and growing investments in digital transformation initiatives. Countries like Germany, the United Kingdom, and France are leading the adoption of IoRT technologies in manufacturing, automotive, and healthcare sectors, driving innovation and competitiveness in the region.
In the Asia Pacific, rapid urbanization, industrialization, and the proliferation of IoT devices fuel the growth of the IoRT market. Countries like China, Japan, and South Korea are at the forefront of IoRT adoption, leveraging robotics and IoT technologies to enhance manufacturing efficiency, logistics operations, and smart infrastructure development.
The Middle East and Africa, along with Latin America, present emerging markets with significant growth potential for IoRT solutions. Rising investments in infrastructure development, smart city initiatives, and digital transformation programs drive the adoption of IoRT technologies in these regions, particularly in sectors such as oil and gas, utilities, and public services.
By segmenting the market by Geography, this report provides valuable insights into regional trends, market dynamics, and growth opportunities, enabling stakeholders to formulate informed strategies and capitalize on emerging market trends in the Global Internet of Robotic Things Market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Internet of Robotic Things Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rising Adoption of Automation
- Technological Advancements
-
Increasing Demand for Data-driven Insights - The Global Internet of Robotic Things (IoRT) Market is witnessing a surge in demand for data-driven insights, driven by the need for advanced analytics and actionable intelligence in robotic operations. As IoRT devices continue to generate vast amounts of data from sensors, cameras, and other sources, there is a growing recognition of the value of harnessing this data to gain deeper insights into robotic behaviors, environmental conditions, and operational performance. Organizations are increasingly leveraging analytics tools and algorithms to process and analyze this data in real-time, extracting meaningful insights that drive informed decision-making and optimize robotic workflows.
Moreover, the integration of artificial intelligence (AI) and machine learning (ML) technologies with IoRT systems further enhances the ability to derive actionable insights from data. AI-powered algorithms can identify patterns, anomalies, and trends within the data, enabling predictive maintenance, proactive fault detection, and optimization of robotic processes. By harnessing data-driven insights, organizations can improve operational efficiency, enhance product quality, and unlock new opportunities for innovation and growth in diverse industries such as manufacturing, logistics, healthcare, and smart cities.
Overall, the increasing demand for data-driven insights in the Global Internet of Robotic Things Market underscores the pivotal role of analytics and AI in driving value and unlocking the full potential of robotic systems in the digital age. As organizations strive to stay competitive and agile in a rapidly evolving landscape, the ability to harness and leverage data effectively will be a key differentiator in achieving success and driving sustainable growth.
Restraints :
- Security Concerns
- High Initial Investment Costs
-
Technical Expertise - In the Global Internet of Robotic Things (IoRT) Market, technical expertise plays a pivotal role in driving innovation, overcoming challenges, and maximizing the potential of interconnected robotic systems. With the convergence of various cutting-edge technologies such as the Industrial Internet of Things (IIoT), cloud computing, artificial intelligence (AI), and digital twins, technical proficiency becomes essential for developing and implementing IoRT solutions effectively.
Technical experts in the IoRT domain possess a deep understanding of robotics, sensor technologies, networking protocols, and data analytics, enabling them to design and deploy robust and scalable IoRT systems. They leverage their expertise to integrate disparate components, optimize system performance, and ensure seamless communication and interoperability among interconnected devices. Moreover, technical expertise enables practitioners to address complex challenges related to data security, privacy, and interoperability, thereby fostering trust and confidence in IoRT deployments.
Furthermore, technical expertise enables professionals to navigate the evolving landscape of IoRT technologies, stay abreast of emerging trends and best practices, and drive continuous innovation in the field. By leveraging their expertise, technical specialists contribute to advancing the capabilities and applications of IoRT across diverse industries, paving the way for enhanced efficiency, productivity, and competitiveness in the global marketplace.
Opportunity :
- Growth in Emerging Economies
- Convergence with Other Technologies
-
Rise ofCollaborative Robots (Cobots) - The Global Internet of Robotic Things (IoRT) Market is witnessing a notable surge in the adoption of Collaborative Robots, also known as Cobots, which marks a significant evolution in robotic technology. Cobots are designed to work alongside humans in shared workspaces, enabling close collaboration and interaction between robots and human workers. This collaborative approach to robotics is revolutionizing various industries, including manufacturing, healthcare, logistics, and more, by enhancing productivity, flexibility, and safety in work environments.
The rise of Cobots in the IoRT market is driven by several factors. First, Cobots offer significant advantages over traditional industrial robots, including smaller footprints, ease of programming, and enhanced safety features such as force-limiting capabilities and collision detection. These characteristics make Cobots well-suited for tasks that require close human-robot collaboration, such as assembly, pick-and-place operations, and quality inspection. Second, advancements in sensor technology, artificial intelligence, and machine learning enable Cobots to adapt to dynamic environments and perform a wide range of tasks with precision and efficiency.
As industries increasingly recognize the benefits of Cobots in improving operational efficiency, reducing costs, and enhancing worker satisfaction, the demand for these collaborative robots in the IoRT market continues to rise. Manufacturers are deploying Cobots to augment human labor, streamline production processes, and address labor shortages, driving market growth. Additionally, the integration of Cobots with IoRT technologies such as the Industrial Internet of Things (IIoT) and cloud computing further enhances their capabilities and opens up new opportunities for innovation and automation in diverse industries.
Competitive Landscape Analysis
Key players in Global Internet of Robotic Things Market include
- ABB Ltd. (Switzerland)
- Kuka AG (Germany)
- Irobot Corporation (U.S.)
- Fanuc Corporation (Japan)
- Amazon.Com
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Software
- Market Snapshot, By Application
- Market Snapshot, By Platform
- Market Snapshot, By Region
- Global Internet of Robotic Things Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Adoption of Automation
- Technological Advancements
- Increasing Demand for Data-driven Insights
- Restraints
- Security Concerns
- High Initial Investment Costs
- Technical Expertise
- Opportunities
- Growth in Emerging Economies
- Convergence with Other Technologies
- Rise ofCollaborative Robots (Cobots)
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
-
Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Internet of Robotic Things Market, By Software, 2021 - 2031 (USD Million)
- Real Time Streaming Analytics
- Security Solution
- Data Management
- Remote Monitoring System
- Network Bandwidth Management
- Global Internet of Robotic Things Market, By Application, 2021 - 2031 (USD Million)
- Collaborative Industrial Robots
- Service Sector
- Global Internet of Robotic Things Market, By Platform, 2021 - 2031 (USD Million)
- Device Management Platform
- Application Management Platform
- Network Management Platform
- Global Internet of Robotic Things Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Internet of Robotic Things Market, By Software, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Amazon.Com, Inc. (U.S.)
- Fanuc Corporation (Japan)
- Irobot Corporation (U.S.)
- Kuka AG (Germany)
- ABB Ltd. (Switzerland)
- Company Profiles
- Analyst Views
- Future Outlook of the Market