Robot Software Market Segmentation, Market Players, Trends 2024Posted by Vilas MRFR on October 11th, 2019 Market Synopsis The Global 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 global 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 global 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.
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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.
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.
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LIST OF TABLES Table 1 Robot Software Market, By Region, 2019–2024 Table 2 North America: Robot Software Market, By Country, 2019–2024 Table 3 Europe: Robot Software Market, By Country, 2019–2024 Table 4 Asia-Pacific: Robot Software Market, By Country, 2019–2024 Table 5 Rest Of The World: Robot Software Market, By Region, 2019–2024 Continued……
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 2018, By Country (In %) Continued……. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members
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