According to
a new market research report "Robot Software Market by Software Type (Recognition Software, Data Management &
Analysis Software, and Communication Management Software), Robot Type
(Industrial and Service Robot), Deployment Model, Vertical, and Region - Global
Forecast to 2022", The 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%.
Browse and
in-depth TOC on “Robot
Software Market”
65
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35
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132
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The key factor
that drives the robot software market is the requirement to mitigate labor
costs. Implementing robotics provides an opportunity to improve a business
process. Moreover, robots are scalable, thus can be operated throughout the day
with full efficiency and offer maximum flexibility to cover peak periods,
especially at month-end. Further, the costs associated with hiring an employee
are reduced due to replacement of processes by robots. In addition, error rates
are reduced, which helps increase customer satisfaction.
Transportation and logistics vertical is expected to grow at the
highest CAGR during the forecast period
In terms of
verticals, the transportation and logistics vertical is expected to grow at the
highest CAGR during the forecast period. The transportation and logistics
industry vertical is using robot software to solve problems related to traffic
congestion and autonomous cars. Providing increased mobility to immobile people
is among the biggest advantages of future self-driving cars. Moreover, ride
sharing, lower cost, and per-use option are expected to decrease the number of
vehicles on the roads. Self-driving vehicles are expected to pre-calculate
routes around traffic jams and roadwork and communicate with nearby cars and
traffic lights to optimize throughput and increase safety.
North America is expected to constitute the largest market share;
APAC to grow at the highest CAGR during the forecast period
North
America is expected to continue dominating the market during the forecast
period. This can be attributed to the presence of the developed economies, such
as Canada and US, which are emphasizing on innovating the existing solutions.
North America contributes a major share in generation of data, thus data
security and protection share are in high demand in this region. Furthermore,
the early adoption of technologies and penetration of analytics in multiple
verticals, such as manufacturing, healthcare, transportation, and logistics,
drive the growth of the robot software market in this region. On contrary, Asia
Pacific (APAC) is expected to grow at the highest CAGR during the forecast
period. Furthermore, rise in expenditures over technology in countries, such as
China and India, and the demand for cost-effective advanced data protection
solutions and services among Small and Medium-sized Enterprises (SMEs), are
expected to drive the market growth during the forecast period.
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The communication management software type is expected to grow at
the highest CAGR during the forecast period
The
communication management software provides functionalities, which enable
organizations to record and track internal and external communications to
streamline the communication process. The market for communication management
software is expected to grow at the highest CAGR during the forecast period. It
helps locate conversational data instantly by automatically organizing and
filtering data based on communication type, person responsible, and date. In
addition, communication management software helps maintain communications
management requirements for ISO 9001, ISO 14001, and OHSAS 18001 standards. Moreover,
service robots that are providing functionalities to communicate with people
using advanced technologies in areas, such as sensors, networks, cloud, and AI,
are gaining traction. The communication management software helps connect
robots and provides communication services via natural communication, which is
based on the situation and interests of individuals in a variety of business
functions, including customer service.
The major
vendors offering robot software solutions and service include 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), and Oxbotica (UK). These players have
incorporated various strategies to expand their global presence, thus
increasing their market shares. The strategic partnerships, mergers and
acquisitions, product upgrades, and expansions are some of the major strategies
embraced by these players.
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Content Source: https://www.marketsandmarkets.com/PressReleases/robot-software.asp
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/robot-software.asp
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