Study papers on Robot Software market and regional forecast. Robot Software market players are ABB(Switzerland), AIBrain (US), Brain Corp (US), CloudMinds (US), Energid Technologies (US), Furhat Robotics (Sweden), H2O.ai (US), IBM (US), Liquid Robotics (US), Neurala (US), NVIDIA (US), Oxbotica (UK).
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Download Brochure of Robot Software Market spread across 132 pages, Profiling 12 Companies and Supported with 65 Tables and 35 Figures is now available at www.rnrmarketresearch.com/contacts…ple?rname=1367906
Robot software market size is expected to grow from USD 1,142.2 million in 2017 to USD 7,527.1 million by 2022, at a Compound Annual Growth Rate (CAGR) of 45.8%. The factors that have significantly fueled the growth of the robot software market are growing need to reduce costs while maintaining quality and increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI).
However, malware attack on data engulfed by robots is a restraining factor in the robot software market.
- 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
- Government agencies
The APAC region is expected to provide significant growth opportunities over the next 5 years.
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The top countries contributing to the growth of the robot software market in this region are China, Japan, Singapore, South Korea, and India. China is expected to be at the forefront in the adoption of AI in robotics.
The Chinese market is driven by exporting cost-effective products across the globe. Thus, the market offers tremendous opportunities to the robot software vendors to sell their software and solutions in China.
Moreover, the Chinese market is expected to proliferate its expenditure related to AI and robotics, as the country in its 13th five-year plans has categorically prioritized its focus on AI and robotics. China’s National Development and Reform Commission have announced an AI three year implementation program that is expected to be instrumental to accelerate the adoption of advanced technologies to help the country become a super power by 2030.
APAC is projected to be the high growth market, as the governments in these regions are providing easy loan facilities to Small and Medium-sized Enterprises (SMEs) and large enterprises with the start-up culture. The single most important factor that governs this high growth in the region is the manufacturing prowess of the emerging economies, such as China and India, to manufacture goods and export these cost-efficient products across the globe.
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Recognition software consists of various modules used for object, voice, speech, image, gesture, facial, and character recognition. The recognition software provides highly integrated tools that help bot developers integrate AI into the software to enable the robot to tackle problems, such as language and dialog skills.
2 Prominent Players in the Robot Software Market
3 Competitive Scenario
3.1 New Product Launches and Product Upgradations
3.2 Partnerships, Collaborations, and Agreements
3.3 Mergers and Acquisitions
3.4 Business Expansions
Report at www.rnrmarketresearch.com/contacts?rname=1367906
The report segments the robot software market on the basis of software types(recognition software, simulation software, predictive maintenance, data management and analysis software, and communication management software), robot types(industrial robots and service robots), deployment models(on-premises and on-demand), organization sizes(large enterprises and SMEs), verticals(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, and others), and regions (North America, Europe, APAC, Middle East and Africa (MEA), and Latin America).
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