Increased Ease of Programming Collaborative Robots Drives Adoption

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Global Collaborative Robot (Cobot) Market

Global Collaborative Robot (Cobot) Market

Global Collaborative Robot (Cobot) Market

Dublin, Nov. 23, 2022 (GLOBE NEWSWIRE) — The “Collaborative Robot (Cobot) Market by Component, Payload (Up to 5 Kg, 5-10 Kg, and Above 10 Kg), Application (Handling, Processing), Industry (Automotive, Electronics, Healthcare, Furniture & Equipment) and Geography – Global Forecast to 2028” report has been added to’s offering.

The global collaborative robot (cobot) market is projected to grow from USD 1.1 Billion in 2022 to USD 9.2 Billion by 2028, at a CAGR of 41.5% during the forecast period from 2022 to 2028. The growth of this market is driven by factors such as high return on investment as compared to the traditional industrial robotic system, collaborative robots to benefit businesses of all sizes, increased ease of programming of collaborative robots, and increasing demand in the e-commerce and logistics industries due to contingency of COVID-19.

US accounted for the largest market share of the collaborative market in North America in 2021

The US accounted for 73%, in terms of value, of the collaborative market in North America in 2021. The country is expected to hold the largest share throughout the forecast period as well. The US has the largest manufacturing sector in North America. Growing industrial automation across Mexico and the widening rift between skilled workforce and wages are compelling organizations to adopt cost-efficient automation tools, which will further strengthen the demand for collaborative robots. They are being used in large industries like automotive and smaller industries like furniture & equipment. The growing use of collaborative robots has also given rise to emerging collaborative robot manufacturers such as Productive Robotics, Inc. (US) and Rethink Robotics GmbH (US).

Key Benefits to Buy Report:

  • This report includes statistics for the collaborative robot (cobot) market based on type, component, payload, application, industry, and geography, along with their respective market sizes.

  • Value chain analysis and key industry trends have been provided for the market.

  • Major drivers, restraints, opportunities, and challenges for the collaborative robot (cobot) market have been provided in detail in this report.

  • This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as product launches/developments, contracts/collaborations/agreements/acquisitions.

Market Dynamics


  • High Return on Investment Compared to Traditional Industrial Robotic Systems

  • Increased Demand in E-Commerce and Logistics Industries due to COVID-19

  • Providing Benefits to Businesses of All Sizes

  • Increased Ease of Programming Collaborative Robots



  • Provide Significant Market Opportunity When Paired with AMRs and AGVs

  • Robots-As-A-Service Model to Accelerate Adoption of Collaborative Robots

  • Rise in Demand for Automation in the Healthcare Industry Post COVID-19


Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Collaborative Robot (Cobot) Market, by Payload

7 Collaborative Robot (Cobot) Market, by Component

8 Collaborative Robot Market, by Application

9 Collaborative Robot

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As cloud adoption grows, so do technology professionals’ business leadership roles


Picture: Joe McKendrick

The character and scope of cloud perform are changing speedy. There is certainly a increased target on facts shipping and delivery, and the ability of cloud products and services to assist knowledge-pushed initiatives these as synthetic intelligence and highly developed analytics. This indicates expanded and additional visible roles for IT teams, who are shifting from roles as cloud implementors to company consultants. 

These are some takeaways from a the latest study of substantial organizations by Denodo, which finds variations in the roles of IT teams in their cloud modernization journeys. “Getting experienced to assistance cloud wants” is now the major purpose for IT, now exceeding previous year’s top job of “picking out the cloud provider.” This indicates that “IT is no for a longer period the ‘hired hand’ of organization,” the survey’s authors state. “IT is a pal of the enterprise, creating bridges in between IT, the traces of enterprise, and government management.”  

When supporting Software as a Services engagement was the best cloud driver this yr, it was adopted carefully by attempts to build cloud-dependent facts warehouses, knowledge lakes, and lakehouses. These knowledge-pushed initiatives had been cited as top jobs by 48% of respondents. “Getting migrated vital workloads to the cloud, clearly a next phase for many organizations is discovering a put to shop the new data they then start to obtain,” the survey’s authors be aware. “They are encountering a popular dilemma: ‘Where are we likely to set all of this new info we seem to be to be buying?'”

Hybrid proceeds to rule as the prevailing architecture — for the 3rd year in a row, hybrid cloud with 38% of responses, stands out as the leading deployment model. Twenty per cent are making use of community clouds exclusively, and 17% are employing multi-cloud approaches. “This underlines the actuality that on-premises systems
do not only sit idle when organizations adopt cloud technological innovation,” the survey’s authors place out. “Firms have many great causes, regulatory compliance amongst them, for not just abandoning on-premises units when the technological innovation landscape adjustments.”

Concerns being encountered contain handling protection, compliance, and governance of clouds (recognized by 72% of respondents), followed by restricted techniques in taking care of cloud devices (62%). “Stability, compliance, and governance will often be a obstacle when 1st migrating to the cloud, as businesses will want a bird’s-eye perspective throughout both equally on-premises and cloud units, at the same time, and will need seamless methods to apply protection and governance protocols throughout both of those techniques,” the authors note. “Luckily, modern day approaches like reasonable knowledge material can handle these desires.” 

In addition, the survey finds Microsoft Azure and Amazon World-wide-web Expert services (AWS) running neck in neck for dominance of the cloud market. In the 2020 and 2021 surveys, Azure was a nose ahead of AWS. This 12 months, AWS will take back again its guide about Azure (45% to 26%). An additional 8% deployed on the Google Cloud System. 

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Little Business news: Thoughts your language: How vernacular articles will boost technological know-how adoption for smaller organizations

The need to construct greater relationships with shoppers and recognize the nuances of small business in a much more detailed method is driving makes to emphasis a lot more on vernacular content. The coming of new technologies these as voice interfaces is also serving to to steer this craze ahead.

As for every a report by Google, 90% of net people like to use their nearby language to search and carry out tasks online. “With immediate digitization and new world wide web consumers developing, the ‘3Vs’: voice, video clip and vernacular, have turn into necessary to the way Indians interact with the web,” ‘Google’s Year in Lookup 2020: India for identified progress,’ report experienced started.

Attesting to such developments, Vedanarayanan Vedantham, SME & Startup Organization Head, Razorpay recalled when he was stopped midway all through a webinar as the audience required the discussion to be in Hindi language. “We had a partnership going on with a single of India’s largest ecommerce marketplace, where by we did a pseudo bespoke payment for all their sellers. I was talking about traits in digitisation on a webinar when persons stopped me to say that they recognized practically nothing and that I really should communicate in Hindi. It was an eye-opening minute for me,” he explained even though speaking at the just lately concluded Razorpay FTX 2021.

Vedantham predicted the next wave of SMEs and entrepreneurs in the country to be people from local vernacular 1st and the mass current market.

Echoing related sentiments, Harsh Pokharna, Co-Founder & CEO, OkCredit described that the coming of voice very first interfaces instead of style to start with are generating adoption of technology a lot easier for many micro enterprises. Stating how they have had a lot of learnings together the way, Pokharna reported it is essential to adapt as for each the want of the problem. “What we observed in one of the circumstances was that the SME employee could not use our software because he only understood Kannada. He did not understand English. So ultimately, we had to make a version that was Kannada concentrated and following that he was cozy employing the software package software,” he additional.

The narrative, he asserted, has now altered, and a good deal depends on how interaction is channeled with these kinds of enterprises. “The product or service setting up as well as promoting has to be vernacular if you want to penetrate deeper. Before there was this notion of this sort of enterprises not remaining tech savvy or utilizing small business applications. Now that is no extended the case and extremely good technology adoption can be found if they get benefit. Also, there is a substantial phrase of mouth in micro business enterprise communities as they are tightly knit,” he said.

The inclusion of vernacular languages and neighborhood dialect also helps in driving a more robust connect in the direction of the merchandise. “People have a good deal of pleasure when they see their language

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