Adoption of Internet of Robotic Things by e-commerce industry on the Internet of Robotic Things market

The momentum is exciting, and according to Research and Markets, 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.

Many findings converge on the fact that, the growth of this market is majorly driven by adoption of IoRT by e-commerce industry, increasing application areas owing to integration of robots with various technologies, short payback period and ROI.