About Robot Software
Robot software is system software which sets a code command and instructions which guides mechanical devices and electronic system regarding work which needs to be performed. It is used to perform an autonomous task. The demands for the robot software market are anticipated to rise in the forecasted period with a growing need to reduce costs while maintaining quality and increasing adoption of the Internet of Things (IoT) and Artificial Intelligence (AI).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 45.8% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Robot Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), AIBrain (United States), Brain Corp (United States), CloudMinds (United States), Energid Technologies (United States), Furhat Robotics (Sweden), H2O.ai (United States), IBM (United States) and Liquid Robotics (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Nvidia (United States) and Neurala (United States).
Segmentation Overview
AMA Research has segmented the market of Global Robot Software market by Type (Data Management And Analysis Software, Recognition Software, Predictive Maintenance Software, Simulation Software and Communication Management Software), Application (Industrial Robots and Service Robots) and Region.
On the basis of geography, the market of Robot Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End user Industry, the sub-segment i.e. Manufacturing will boost the Robot Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium-sized Enterprises (SMEs) will boost the Robot Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Model, the sub-segment i.e. On-premises will boost the Robot Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development Of AI and Robotics Technology
Market Growth Drivers:
Requirements To Reduce Labor Costs, Increasing Use Of Robots In Defense And Security Application, Increasing Investment In Startups For Developing and Increasing Adoption Of Internet Of Things (Iot) And Artificial Intelligence (AI)
Challenges:
Data Protection And Cyber Security
Restraints:
Malware Attack On Data Stored By Robots
Opportunities:
Growth In Logistics Applications and Growth of Raas
In 2018, NVIDIA announced about NVIDIA Isaac which is a new platform to power the next generation of autonomous machines. This allows bringing artificial intelligence capability to robots for manufacturing, logistics, agriculture, construction and many other industries.
Key Target Audience
Robot Manufacturers, Investors And Venture Capitalists, Value-Added Resellers (Vars), Small, Medium-Sized, And Large-Sized Enterprises, Third-Party Providers, Consultants/Consultancies/Advisory Firms, Professional Service Providers, Software And Application Developers and Government Agencies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.