Robot Software Market Scenario
This is Robot Software Market report explores the new developments, trends, and prospects, and forecasts the current status and future prospects of the market from 2022 to 2027. It offers an extensive collection of reports on different markets covering crucial details. As per the assessment by Market Research Future Reports (MRFR), Robot Software Market is expected to reach USD 29.250 Billion with 14.04% CAGR during the Forecast Period 2021–2027.
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.
The outbreak of coronavirus has resulted in a halt in daily business operations. The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Also, a precise study of factors augmenting and impeding the market in the post-COVID-19 period has been evaluated. We will provide COVID-19 impact analysis with the report.
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Robot Software Market Segmentation
The worldwide robot software market can be classified on the grounds of robot type, deployment, software type, vertical, organization size, and region.
By Software Type
- Recognition software
- Simulation software
- Predictive maintenance software
- Data management software
- Communication management software
By Robot Type
- Industrial robots
- Service robots
By Deployment
- On-premise
- On-cloud
By Organization Size
- Small & medium size enterprises (SMEs)
- Large enterprises
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By Vertical
- BFSI
- Retail & e-commerce
- Government
- Healthcare
- Logistics
- Manufacturing
- IT & telecommunication
- Others
Robot Software Market Regional Analysis
The regional study of North America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been carried out. As per the analysis, the market is dominated by North America. Among all nations of North America, the US, Canada, and Mexico are likely to make the most significant contribution in market expansion. The US is likely to make the maximum contribution to expanding the market, followed by Canada and Mexico. Another factor responsible for expanding the market is the existence of various notable market competitors in the region. Besides, North America is an early and fast adopter of advanced technology.
On the other hand, the APAC region is likely to grow at the fastest speed during the forecast period. Developing economies like Japan, China, and South Korea are projected to make the most significant contribution during the forecast period. Moreover, the growing adoption of robots by the logistics industries and the manufacturing industries is speculated to propel the market growth during the forecast period.
The outbreak of COVID-19 is likely to change the market mechanism of several regions. Several markets have been influenced significantly due to the observation of nationwide lockdown in various countries.
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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
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