Robot Software Market by Latest Trends, Leading Key Players, Future Growth, Revenue, Demand Forecast To 2030

In a recent published report, Kenneth Research has updated the market report for Robot Software Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Robot Software Market products.

Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Robot Software Market over the period 2019-2026.

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.

The Final Report will cover the impact analysis of COVID-19 on this industry:Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151388

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.

Key Players:

IBM Corporation

 ABB Ltd

 Nvidia Corporation

 Cloudminds

 Brain Corporation

 Aibrain

 Furhat robotics

 Neurala

 iRobot

 Epson Robotics

 Microsoft Corporation

 Energid technologies

 Oxbotica

Recent Developments:

April 2019: Deloitte legal center of excellence (CoE) collaborated with UiPath in order to expand its business with automation solutions. With this collaboration, UiPath, a robotic process automation solution provider, and Deloitte is planning to design and develop robotic and Cognitive Automation (RCA) solutions.

October 2018: ABB Ltd announced to expand in Shanghai, China by developing flexible robotics factory in the country. The company has raised a fund of USD 150 million for developing this robotics factory. This factory is expected to build with advanced connected technology, collaborative robotics, and artificial intelligence research.

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Global Robot software Market, 2018 – 2024 (USD Billion)

Source: Company websites, Annual Reports, Secondary Research, Press Releases, Paid Database, Expert interviews, White Papers, Journals, Case Studies, and MRFR Analysis

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.

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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.

Intended Audience

Investors and consultants

Research/Consultancy firms

Technology solution providers

Software Developers

OEMs

Robot manufacturers

SMEs and large enterprises

Government agencies

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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