Information and Communication Technology Robot Software Market is projected to grow up to 46.5% CAGR during the forecasting period ...

Robot Software Market is projected to grow up to 46.5% CAGR during the forecasting period 2021-2027.

A set of coded orders or instructions that tells a mechanical device and electronic system known as a robot what tasks to do is known as robot software. With the help of technologies like Artificial Intelligence, robot software is used to execute independent activities. Robot software allows robots to perform functions such as greater intelligence, motion, safety, and productivity, as well as the ability to see, feel, learn, and maintain safety. These days, the corporate world is undergoing a huge shift. Manufacturers and other business verticals are implementing new technology as a result of concerns about automation and process optimization. The robotics sector, on the other hand, is expanding at an unparalleled rate. The robotics sector is accelerating  automation with the use of technologies like IoT, artificial intelligence, and machine learning. The demand for automating processes and optimising outcomes is a crucial element driving the global robotic software market forward. These programmes allow man and machine to work in perfect harmony. They offer an interactive interface that can convert data into information and commands into actions. The report includes a quantitative and qualitative assessment of market factors that the client is interested in. The “Global Robot Software Market” is primarily segmented into sub-segments that may provide classified data on the market's most recent trends.

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Key Driving Factors: Increased demand for automation and security in businesses

The market is growing because to an increase in demand for automation and safety in organisations that perform hazardous tasks such as chemical plants and others. Furthermore, the market is growing due to the expanding adoption of cutting-edge technologies such as the Industrial Internet of Things (IIoT), which is critical to the smart factory idea, as well as Industry 4.0 and industrial robots. Furthermore, industrial robots are increasingly being deployed in place of human employees to execute dangerous or repetitive activities with great accuracy, which is gaining traction in the market.

Driving Factor: Adoption of a slew of service robots boosts productivity even further. To increase their manufacturing capacity, the Growth Industries are adopting new and advanced robots. As a result of this increased need, there is a strong desire to create interfaces that allow robots to perform efficiently in accordance with the standards, compliances, and nature of the products. From 2021 to 2027, the worldwide robot software market will rise at a rapid pace due to the increasing demand for user-friendly and access-oriented interfaces.

This report offers the major market player’s profiles, such as ABB (Switzerland), AIBrain (US), Brain Corp (US), CloudMinds (US), Energid Technologies (US), Furhat Robotics (Sweden), (US), IBM (US), Liquid Robotics (US), Neurala (US), NVIDIA (US), and Oxbotica (UK).

Based on Application:  Manufacturing led the worldwide robot software market in 2020, and it is expected to continue to do so throughout the forecast period. The shortage of personnel in the industrial sector, as well as the growing need for automation, are two main drivers driving the use of robot software in this industry. However, due to higher government investment, technical maturity, and growing usage of robot software in the aerospace & defence industry, the aerospace & defence segment is predicted to develop at the fastest rate over the projection period.

The Robot Software Market report has been categorized as below

By Software Type

  • Recognition software

  • Simulation software

  • Predictive maintenance software 

  • Data management and analysis software

  • Communication management software

By Robot type

  • Industrial robots

  • Service robots

By Deployment Mode

  • On-premises

  • On-demand

By Organization Size

  • Large enterprises

  • Small and Medium-sized Enterprises (SMEs)

By Vertical

  • Banking, Financial Services, and Insurance (BFSI)

  • Retail and eCommerce

  • Government and Defense

  • Healthcare and Life Sciences

  • Transportation and Logistics

  • Manufacturing

  • Telecommunications and IT

  • Academia and Research

  • Others

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : July-2021