Market News Today Internet of Robotic Things Market | Page 2

Internet of Robotic things market is mainly enhanced by the proliferation of e-commerce industry and
the use of robots in various industries for efficient handling of equipment along delivery chain on shop
floor. Segmentation of Internet of Robotic Things Market by smart robot component comprises
sensors, actuators, power source, control systems, and others (electrical, electronic and others). By
software, the market is differentiated as real time streaming analytics, security solutions, data
management, remote monitoring systems, and network bandwidth management. By platform, the
market ends in introduction, device management platform, application management platform, and
network management platform.
By service, the market is shared between professional services and managed services. Professional
services further augments to deployment and integration, support, and maintenance and consulting
services. By Application, the market leans into collaborative industrial robots, service sector, and
professional services. Collaborative industrial robots further augments to automotive, electronics,
food and beverages, and others.
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By services sector, it gives out personal services and professional services. Personal services are
further sub-divided into domestic, entertainment, and others. Entertainment goes down as smart
toys and robotic pets. Professional services constitute defense services, field, medical, telepresence,
logistics, underwater, inspection and maintenance, and others. Defense and security comprises
demining, bomb, and firefighting. Field comprises agriculture and forestry and milking robots.
Logistics includes factory logistics and service logistics. Telepresence comprises business, healthcare
and personal. Inspection and maintenance sets apart factory facilities, tanks, tubes, pipes and sewers,
ships and turbines and others (infrastructure and construction).
By geography, the IoRT market is graciously subdivided into North America, Europe, Asia Pacific, MEA,
and Latin America. IoRT market by smart robotic equipment holds the major market share due to the
immediate requirement of actuators, sensors power systems, and control systems by importance
given to sensing characteristic in various applications such as aerospace, geo-protection, military,
medical and sports. The forecast for market by sensors is the highest from 2014 to 2025.