According to 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%.
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.
Browse and
in-depth TOC on “Robot Software Market
65
- Tables
35
- Figures
132
- Pages
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.
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.
Speak With
Experts/Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=5487986
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.
About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Sanjay Gupta
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
Report: https://www.marketsandmarkets.com/Market-Reports/robot-software-market-5487986.html
Mr. Sanjay Gupta
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
Report: https://www.marketsandmarkets.com/Market-Reports/robot-software-market-5487986.html
No comments:
Post a Comment