Robot Software Market Research Report by Vertical (Government, BFSI, Retail, e-Commerce, Healthcare, Manufacturing, Logistics and Transportation), by Deployment (On-Cloud and On-Premise), by Robot Type (Service Robot and Industrial Robot), by Software (Data Management Software, Simulation Software and Predictive Maintenance Software) and by Region (North America, Europe, Asia–Pacific and the Rest of the World) - Forecast till 2027
ID: MRFR/ICT/6387-HCR | February 2021 | Region: Global | 111 Pages
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Dynamics
4.1 Market Drivers
4.1.1 Increasing Adoption of Robots for Commercial and Industrial Deployments
4.1.2 Developing Artificial Intelligence and IoT Robot Type
4.1.3 Increasing Demand for Advanced Solutions by Manufacturers to Provide Quality Products at Affordable Rates
4.2 Market Restraints
4.2.1 Lack of Skilled Expertise
4.3 Market Opportunities
4.3.1 Rising Adoption of Robotics by SMEs
4.3.2 Growth in Industry 4.0
4.4 Challenge
4.4.1 Security Issues Related to DDoS Attacks on Robotics Data
4.5 Value/Supply Chain Analysis
4.6 Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Threat of Substitutes
4.6.4 Intensity of Rivalry
4.6.5 Bargaining Power of Suppliers
4.7 Government/Industry Norms and Regulations
4.8 Market Trends
4.8.1 Impact Analysis of Emerging Technologies
4.8.2 Use Cases
4.8.2.1 Virtual Assistance
4.8.2.2 Point-of-Care Testing
4.8.2.3 Autonomous Robots
4.8.2.4 Navigation & Object Detection
4.8.2.5 Business Process Automation
4.8.2.6 Customer Support Services
4.8.2.7 Autonomous Vehicles
5 Robot software Market, by Software Type
5.1 Introduction
5.2 Recognition Software
5.2.1 Market Estimates & Forecast, 2020–2027
5.2.2 Market Estimates & Forecast, by Region, 2020–2027
5.3 Simulation Software
5.3.1 Market Estimates & Forecast, 2020–2027
5.3.2 Market Estimates & Forecast, by Region, 2020–2027
5.4 Predictive Maintenance Software
5.4.1 Market Estimates & Forecast, 2020–2027
5.4.2 Market Estimates & Forecast, by Region, 2020–2027
5.5 Data Management Software
5.5.1 Market Estimates & Forecast, 2020–2027
5.5.2 Market Estimates & Forecast, by Region, 2020–2027
5.6 Communication Management Software
5.6.1 Market Estimates & Forecast, 2020–2027
5.6.2 Market Estimates & Forecast, by Region, 2020–2027
6 Robot software Market, by Robot type
6.1 Introduction
6.2 Industrial Robots
6.2.1 Market Estimates & Forecast, 2020–2027
6.2.2 Market Estimates & Forecast, by Region, 2020–2027
6.3 Service Robots
6.3.1 Market Estimates & Forecast, 2020–2027
6.3.2 Market Estimates & Forecast, by Region, 2020–2027
7 Robot software Market, by Deployment
7.1 Introduction
7.2 On-premise
7.2.1 Market Estimates & Forecast, 2020–2027
7.2.2 Market Estimates & Forecast, by Region, 2020–2027
7.3 On-cloud
7.3.1 Market Estimates & Forecast, 2020–2027
7.3.2 Market Estimates & Forecast, by Region, 2020–2027
8 Robot software Market, by Organization Size
8.1 Introduction
8.2 SMEs
8.2.1 Market Estimates & Forecast, 2020–2027
8.2.2 Market Estimates & Forecast, by Region, 2020–2027
8.3 Large Enterprises
8.3.1 Market Estimates & Forecast, 2020–2027
8.3.2 Market Estimates & Forecast, by Region, 2020–2027
9 Robot software Market, by Verticals
9.1 Introduction
9.2 BFSI
9.2.1 Market Estimates & Forecast, 2020–2027
9.2.2 Market Estimates & Forecast, by Region, 2020–2027
9.3 Retail & E-Commerce
9.3.1 Market Estimates & Forecast, 2020–2027
9.3.2 Market Estimates & Forecast, by Region, 2020–2027
9.4 Government
9.4.1 Market Estimates & Forecast, 2020–2027
9.4.2 Market Estimates & Forecast, by Region, 2020–2027
9.5 Healthcare
9.5.1 Market Estimates & Forecast, 2020–2027
9.5.2 Market Estimates & Forecast, by Region, 2020–2027
9.6 Logistics
9.6.1 Market Estimates & Forecast, 2020–2027
9.6.2 Market Estimates & Forecast, by Region, 2020–2027
9.7 Manufacturing
9.7.1 Market Estimates & Forecast, 2020–2027
9.7.2 Market Estimates & Forecast, by Region, 2020–2027
9.8 IT & Telecommunication
9.8.1 Market Estimates & Forecast, 2020–2027
9.8.2 Market Estimates & Forecast, by Region, 2020–2027
10 Robot software Market, by Region
10.1 Introduction
10.2 North America
10.2.1 Market Estimates & Forecast, by Country, 2020–2027
10.2.2 Market Estimates & Forecast, by Software Type, 2020–2027
10.2.3 Market Estimates & Forecast, by Robot Type, 2020–2027
10.2.4 Market Estimates & Forecast, by Deployment, 2020–2027
10.2.5 Market Estimates & Forecast, by Organization Size, 2020–2027
10.2.6 Market Estimates & Forecast, by Vertical, 2020–2027
10.2.7 US
10.2.7.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.2.7.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.2.7.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.2.7.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.2.7.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.2.8 Canada
10.2.8.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.2.8.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.2.8.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.2.8.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.2.8.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.2.9 Mexico
10.2.9.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.2.9.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.2.9.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.2.9.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.2.9.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.3 Europe
10.3.1 Market Estimates & Forecast, by Country, 2020–2027
10.3.2 Market Estimates & Forecast, by Software Type, 2020–2027
10.3.3 Market Estimates & Forecast, by Robot type, 2020–2027
10.3.4 Market Estimates & Forecast, by Deployment, 2020–2027
10.3.5 Market Estimates & Forecast, by Organization Size, 2020–2027
10.3.6 Market Estimates & Forecast, by Vertical, 2020–2027
10.3.7 Germany
10.3.7.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.3.7.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.3.7.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.3.7.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.3.7.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.3.8 France
10.3.8.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.3.8.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.3.8.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.3.8.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.3.8.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.3.9 Italy
10.3.9.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.3.9.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.3.9.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.3.9.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.3.9.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.3.10 UK
10.3.10.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.3.10.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.3.10.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.3.10.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.3.10.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.3.11 Spain
10.3.11.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.3.11.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.3.11.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.3.11.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.3.11.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.3.12 Rest of Europe
10.3.12.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.3.12.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.3.12.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.3.12.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.3.12.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.4 Asia-Pacific
10.4.1 Market Estimates & Forecast, by Country, 2020–2027
10.4.2 Market Estimates & Forecast, by Software Type, 2020–2027
10.4.3 Market Estimates & Forecast, by Robot type, 2020–2027
10.4.4 Market Estimates & Forecast, by Deployment, 2020–2027
10.4.5 Market Estimates & Forecast, by Organization Size, 2020–2027
10.4.6 Market Estimates & Forecast, by Vertical, 2020–2027
10.4.7 China
10.4.7.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.4.7.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.4.7.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.4.7.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.4.7.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.4.8 India
10.4.8.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.4.8.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.4.8.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.4.8.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.4.8.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.4.9 Japan
10.4.9.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.4.9.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.4.9.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.4.9.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.4.9.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.4.10 South Korea
10.4.10.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.4.10.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.4.10.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.4.10.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.4.10.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.4.11 Singapore
10.4.11.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.4.11.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.4.11.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.4.11.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.4.11.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.4.12 Australia
10.4.12.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.4.12.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.4.12.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.4.12.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.4.12.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.4.13 Philippines
10.4.13.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.4.13.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.4.13.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.4.13.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.4.13.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.4.14 Rest of Asia-Pacific
10.4.14.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.4.14.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.4.14.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.4.14.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.4.14.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.5 Rest of the World
10.5.1 Market Estimates & Forecast, by Country, 2020–2027
10.5.2 Market Estimates & Forecast, by Software Type, 2020–2027
10.5.3 Market Estimates & Forecast, by Robot type, 2020–2027
10.5.4 Market Estimates & Forecast, by Deployment, 2020–2027
10.5.5 Market Estimates & Forecast, by Organization Size, 2020–2027
10.5.6 Market Estimates & Forecast, by Vertical, 2020–2027
10.5.7 Middle East & Africa
10.5.7.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.5.7.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.5.7.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.5.7.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.5.7.5 Market Estimates & Forecast, by Vertical, 2020–2027
10.5.8 South America
10.5.8.1 Market Estimates & Forecast, by Software Type, 2020–2027
10.5.8.2 Market Estimates & Forecast, by Robot type, 2020–2027
10.5.8.3 Market Estimates & Forecast, by Deployment, 2020–2027
10.5.8.4 Market Estimates & Forecast, by Organization Size, 2020–2027
10.5.8.5 Market Estimates & Forecast, by Vertical, 2020–2027
11 Competitive Landscape
11.1 Key Players Market Share Analysis, 2020/2020 (%)
11.2 Competitive Benchmarking
11.3 Key Developments Analysis, 2020/2020
11.3.1 Mergers & Acquisition
11.3.2 Product Developments
11.3.3 Business Expansion
11.3.4 Partnerships & Collaborations
11.3.5 Agreements
12 Company Profiles
12.1 IBM Corporation
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.1.6 Key Strategies
12.2 ABB Ltd
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.2.6 Key Strategies
12.3 Nvidia Corporation
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.3.5 SWOT Analysis
12.3.6 Key Strategies
12.4 Cloudminds
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.4.5 SWOT Analysis
12.4.6 Key Strategies
12.5 Brain Corporation
12.5.1 Company Overview
12.5.2 Product/Business Segment Overview
12.5.3 Financial Updates
12.5.4 Key Developments
12.5.5 SWOT Analysis
12.5.6 Key Strategies
12.6 Aibrain
12.6.1 Company Overview
12.6.2 Product/Business Segment Overview
12.6.3 Financial Updates
12.6.4 Key Developments
12.6.5 SWOT Analysis
12.6.6 Key Strategies
12.7 Furhat robotics
12.7.1 Company Overview
12.7.2 Product/Business Segment Overview
12.7.3 Financial Updates
12.7.4 Key Developments
12.7.5 SWOT Analysis
12.7.6 Key Strategies
12.8 Neurala
12.8.1 Company Overview
12.8.2 Product/Business Segment Overview
12.8.3 Financial Updates
12.8.4 Key Developments
12.8.5 SWOT Analysis
12.8.6 Key Strategies
12.9 iRobot
12.9.1 Company Overview
12.9.2 Product/Business Segment Overview
12.9.3 Financial Updates
12.9.4 Key Developments
12.9.5 SWOT Analysis
12.9.6 Key Strategies
12.10 Epson Robotics
12.10.1 Company Overview
12.10.2 Product/Business Segment Overview
12.10.3 Financial Updates
12.10.4 Key Developments
12.10.5 SWOT Analysis
12.10.6 Key Strategies
12.11 Microsoft Corporation
12.11.1 Company Overview
12.11.2 Product/Business Segment Overview
12.11.3 Financial Updates
12.11.4 Key Developments
12.11.5 SWOT Analysis
12.11.6 Key Strategies
12.12 Energid technologies
12.12.1 Company Overview
12.12.2 Product/Business Segment Overview
12.12.3 Financial Updates
12.12.4 Key Developments
12.12.5 SWOT Analysis
12.12.6 Key Strategies
12.13 Foxconn
12.13.1 Company Overview
12.13.2 Product/Business Segment Overview
12.13.3 Financial Updates
12.13.4 Key Developments
12.13.5 SWOT Analysis
12.13.6 Key Strategies
12.14 Oxbotica
12.14.1 Company Overview
12.14.2 Product/Business Segment Overview
12.14.3 Financial Updates
12.14.4 Key Developments
12.14.5 SWOT Analysis
12.14.6 Key Strategies
12.15 H2O.ai
12.15.1 Company Overview
12.15.2 Product/Business Segment Overview
12.15.3 Financial Updates
12.15.4 Key Developments
12.15.5 SWOT Analysis
12.15.6 Key Strategies
List of Tables
Table 1 Robot Software Market, by Region, 2020–2027
Table 2 North America: Robot Software Market, by Country, 2020–2027
Table 3 Europe: Robot Software Market, by Country, 2020–2027
Table 4 Asia-Pacific: Robot Software Market, by Country, 2020–2027
Table 5 Rest of the World: Robot Software Market, by Region, 2020–2027
Table 6 North America: Robot software Market Software Type Market, by Country, 2020–2027
Table 7 Europe: Robot Software Market Software Type Market, by Country, 2020–2027
Table 8 Asia-Pacific: Robot Software Market Software Type Market, by Country, 2020–2027
Table 9 Rest of the World: Robot Software Market Software Type Market, by Region, 2020–2027
Table 10 Global Robot Software Market Software Type Market, by Region, 2020–2027
Table 11 North America: Robot Software Market Deployment Market, by Country, 2020–2027
Table 12 Europe: Robot Software Market Deployment Market, by Country, 2020–2027
Table 13 Asia-Pacific: Robot Software Market Deployment Market, by Country, 2020–2027
Table 14 Rest of the World: Robot Software Market Deployment Market, by Country, 2020–2027
List of Figures
FIGURE 1 The Global Robot Software Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of the Global Robot Software Market
FIGURE 4 Value Chain/Supply Chain of the Global Robot Software Market
FIGURE 5 Share of the Global Robot Software Market in 2020, by Country (in %)
FIGURE 6 The Global Robot Software Market, 2020–2027
FIGURE 7 Sub-Segments of Software Type
FIGURE 8 The Global Robot Software Market Size, by Software Type, 2020
FIGURE 9 Share of the Global Robot Software Market, by Software Type, 2020–2027
FIGURE 10 The Global Robot Software Market Size, by Deployment, 2020
FIGURE 11 Share of the Global Robot Software Market, by Deployment, 2020–2027
Robot Software Market
Robot Software Market is expected to reach USD 29.250 Billion with 14.04% CAGR during the Forecast Period 2021–2027.
$29.250 Billion
Market Size
14.04%
CAGR
North America
Dominating Region
2021–2027
Forecast Period
Segmentation
Key Players
- IBM Corporation
- ABB Ltd
- Nvidia Corporation
- Cloudminds
- Brain Corporation
- Aibrain
- Furhat robotics
- Neurala
- iRobot
- Epson Robotics
- Microsoft Corporation
- Energid technologies
- Oxbotica
Drivers
- Developing artificial intelligence (AI) and Internet of Things (IoT) technologies
- Increasing demand for advanced solutions by manufacturers
Robot Software Market Synopsis
The Robot Software Market was valued at USD 1.59 billion in 2018 and is expected to reach USD 13.48 billion by 2024 registering a 44.45% CAGR during the forecast period. The increasing adoption of robots for commercial and industrial applications, developing artificial intelligence (AI) and Internet of Things (IoT) technologies, and increasing demand for advanced solutions by manufacturers to provide high-quality products at affordable prices are some of the major driving factors of the robot software market. However, the lack of skilled expertise is one of the major restraining factors for this market. Rising adoption of robotics by SMEs and growth in industry 4.0 are some of the key trends which are expected to offer lucrative opportunities for investors in the robot software market. Whereas, security issues related to DDoS attacks on robotics data is one of the major challenges faced by the players of the robot software market.
Virtual assistance, autonomous robots, point-of-care testing, navigation & object detection, business process automation, customer support services, and autonomous vehicles among others are some of the use cases of the robot software.
Robot Software Market Key Players:
- IBM Corporation
- ABB Ltd
- Nvidia Corporation
- Cloudminds
- Brain Corporation
- Aibrain
- Furhat robotics
- Neurala
- iRobot
- Epson Robotics
- Microsoft Corporation
- Energid technologies
- Oxbotica
Recent Developments:
- April 2019: Deloitte legal center of excellence (CoE) collaborated with UiPath in order to expand its business with automation solutions. With this collaboration, UiPath, a robotic process automation solution provider, and Deloitte is planning to design and develop robotic and Cognitive Automation (RCA) solutions.
- October 2018: ABB Ltd announced to expand in Shanghai, China by developing flexible robotics factory in the country. The company has raised a fund of USD 150 million for developing this robotics factory. This factory is expected to build with advanced connected technology, collaborative robotics, and artificial intelligence research.
Global Robot software Market, 2018 - 2024 (USD Billion) 
Source: Company websites, Annual Reports, Secondary Research, Press Releases, Paid Database, Expert interviews, White Papers, Journals, Case Studies, and MRFR Analysis
Robot Software Market Segmentation
The global Robot software market has been segmented into software type, robot type, deployment, organization size, vertical, and region.
By software type, the market has been segmented into recognition software, simulation software, predictive maintenance software, data management software, and communication management software.
By robot type, the market has been segmented into industrial robots and service robots.
By deployment, the market has been sub-segmented into on-premise and on-cloud.
By organization size, the market has been classified into small & medium size enterprises (SMEs), and large enterprises.
By vertical, the market has been categorized as BFSI, retail & e-commerce, government, healthcare, logistics, manufacturing, and IT & telecommunication, and others.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Robot Software Market Regional Analysis
Market Research Future (MRFR) study has covered the following countries in the regional analysis of the global robot software market the US, Canada, and Mexico in North America. Germany, the UK, France, Spain, and Italy in Europe. China, Japan, India, Singapore, Australia, the Philippines, and South Korea in Asia-Pacific. The Middle East & Africa and South America in the rest of the world.
The global robot software market is currently dominated by North America. The US, followed by Canada, are the highest contributors in terms of revenue generation for the market. Presence of key players such as IBM Corporation and Microsoft Corporation, availability of skilled expertise, increasing adoption of advanced technologies by verticals such as BFSI, manufacturing, and transportation and logistics are some of the major factors driving the growth of the robot software market in North America.
Asia-Pacific is projected to be the fastest growing market for robot software. China, Japan, and South Korea are the primary economic countries and are the major manufacturing centers of semiconductors, electronics, energy & power, and pharmaceuticals products. Further, the increasing adoption of robots by the manufacturing and logistics industries is expected to fuel the growth of robot software market in the region.
Intended Audience
- Investors and consultants
- Research/Consultancy firms
- Technology solution providers
- Software Developers
- OEMs
- Robot manufacturers
- SMEs and large enterprises
- Government agencies
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 29.250 Billion |
| CAGR | CAGR 14.04% |
| Base Year | 2020 |
| Forecast Period | 2021–2027 |
| Historical Data | 2019 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Vertical, Development |
| Geographies Covered | North America, Europe, Asia-Pacific |
| Key Vendors | IBM Corporation ABB Ltd Nvidia Corporation Cloudminds Brain Corporation Aibrain Furhat robotics Neurala iRobot Epson Robotics Microsoft Corporation Energid technologies Oxbotica |
| Key Market Opportunities | |
| Key Market Drivers | Increasing demand for advanced solutions by manufacturers |
Frequently Asked Questions (FAQ) :
The market scored a valuation of USD 1.59 billion in 2018
The market’s CAGR is 44.45%
The mounting adoption of robotics by SMEs and growth in industry 4.0 are the trends that is offering lucrative opportunities for investors in the global robot software market. Thus, this is greatly responsible for market’s success in the current time
The lack of skilled expertise is the major restraining factors for the market’s growth
IBM Corporation, Nvidia Corporation, Aibrain, iRobot companies are leading the market with growth perspective
