Robot Software Market Segmentation, Market Players, Trends 2024
Posted by Vilas MRFR on October 11th, 2019
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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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.
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
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 %)
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About the AuthorVilas MRFR
Joined: June 3rd, 2019
Articles Posted: 51
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