Robot Software Market Research Report - Global Forecast till 2030

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 2030

ID: MRFR/ICT/6387-HCR | 111 Pages | Published By Aarti Dhapte on March 2023         

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Robot Software Market

Robot Software Market is expected to reach USD 47.24 Billion with 28.30% CAGR during the Forecast Period 2022-2030.

Segmentation
By Vertical BFSI Retail & e-commerce Government Healthcare Logistics Manufacturing IT & Telecommunication
By Robot Type Industrial Robots Service Robots
By Deployment On-premise On-cloud
By Organization Size Small & Medium Size Enterprises (SMEs) and large enterprises
Key Players
Companies Profiled   IBM Corporation    ABB Ltd    Nvidia Corporation    Cloudminds    Brain Corporation    Aibrain    Furhat robotics    Neurala    iRobot    Epson Robotics    Microsoft Corporation    Energid technologies    Oxbotica
Drivers
Market Driving Forces   Developing artificial intelligence (AI) and Internet of Things (IoT) technologies    Increasing demand for advanced solutions by manufacturers
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Robot Software Market Synopsis


The Robot Software Market was valued at USD 1.59 billion in 2018 and is expected to reach USD 47.24 billion by 2030 registering a 28.30% 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.


 


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 47.24 Billion By 2030
  CAGR   28.30% From 2022 to 2030
  Base Year   2020
  Forecast Period   2022-2030
  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


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Frequently Asked Questions (FAQ) :

The market scored a valuation of USD 47.24 Billion in 2030

The market’s CAGR is 28.30% From 2022 to 2030

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