According to IMARC Group’s latest report, titled “Robot Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.’ offers a detailed analysis of the market size, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How Big is the Robot Software Market?
The global robot software market size reached US$ 17.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 69.7 Billion by 2032, exhibiting a growth rate (CAGR) of 16.2% during 2024-2032.
What is Robot Software?
Robot software entails a set of commands and programmed inputs that assist mechanical devices and electronic systems in executing specific operations for attaining desired outcomes. It enables systems to perceive, learn, and maintain network security. Robot software is extensively used to control user interface (UI), reduce operational cost, increase productivity, improve internal procedures and eliminate human errors. Consequently, robot software finds extensive applications in manufacturing units to perform automated tasks, including data analysis and triangulation.
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What are the growth prospects and trends in the robot software industry?
The rapid adoption of robot software for automating, leveraging, mass-producing, and operating numerous functionalities across various industrial verticals is the key factor primarily driving the market growth. In addition to this, the emergence of Industry 4.0 and the rising demand for precision manufacturing are bolstering the market growth. The shifting preference toward robotic technologies in the healthcare and chemical sectors is acting as another factor significantly contributing to the market growth.
Moreover, the integration of artificial intelligence (AI) in robots, the utilization of robotic operating systems (ROS) frameworks, and the rising need for surgical robots and pharmacy and lab automation are creating a positive outlook for the market. Apart from this, the rising demand for packaged food items has compelled manufacturers in the food and beverage (F&B) industry to automate their production processes and mass-produce products with high yields and precision, which is boosting the market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- ABB Ltd.
- AIBrain Inc.
- Brain Corporation
- Clearpath Robotics Inc.
- Furhat Robotics
- ai Inc.
- International Business Machines Corporation
- Neurala Inc.
- NVIDIA Corporation
- Teradyne Inc
- The Boeing Company.
Key Market Segmentation:
The report has segmented the identity verification market on the basis of software type, robot type, deployment mode, enterprise size and end use industry.
Breakup by Software Type:
- Recognition Software
- Simulation Software
- Predictive Maintenance Software
- Data Management and Analysis Software
- Communication Management Software
Breakup by Robot Type:
- Industrial Robots
- Service Robots
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by End Use Industry:
- BFSI
- Automotive
- Retail and E-Commerce
- Government and Defense
- Healthcare
- Transportation and Logistics
- Manufacturing
- IT and Telecommunications
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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