Global Social Robots Market May Set Epic Growth Story growing by 21.8% annually over 2021-2031

Global social robots market will reach $10,998.3 million by 2031, growing by 21.8% annually over 2021-2031, driven by the increasing requirement for automation and digitalization, the significant adoption of robots in the healthcare industry and public services, rapid technological advancements in artificial intelligence (AI), and the growing R&D investment including government supporting initiatives.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market.Global ICT exports are anticipated to increase 3.9% on average year fromUS$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by228.2%year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy ha s decreased by 0.2%.

Highlighted with 80 tables and 74 figures, this 165-page report Global Social Robots Market 2021-2031 by Component (Hardware, Software, Services), Technology (ML, NLP, Computer Vision, Context Awareness, Others), Industry Vertical (Healthcare, Education, Media and Entertainment, Retail, BFSI, Others), and Region: Trend Forecast and Growth Opportunity is based on acomprehensive research of the entire global social robots market and all its sub-segments through extensively detailed classifications.

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Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:
Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porters Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global social robots market in every aspect of the classification from perspectives of Component, Technology, Industry Vertical, and Region.

Selected Key Players:
AlterG Inc.
Amy Robotics Co., Ltd.
AoBo Information Technology Co., Ltd.
Bionik Laboratories Corp.
Blue Frog Robotics SAS
Blue Ocean Robotics ApS
BotsAndUs Ltd.
Camanio AB
Double Robotics Inc.
Embodied Inc.
Furhat Robotics AB
Haapie SAS
Hanson Robotics Ltd.
Inrobics Social Robotics SLL
Intuition Robotics Ltd.
Kinova Inc.
Knightscope Inc.
KOMPAI Robotics
Matia Robotics (US) Inc.
Motorika USA Inc.
MoviaRobotics Inc.
OhmniLabs Inc.
Reach Robotics Limited
SoftBank Group Corp.
Sony Group Corporation
SZ DJI Technology Co., Ltd.
UBTECH Robotics, Inc.
Wonder Workshop Inc.

Based on Component
Hardware
Software
Services
o Managed Services
o Professional Services

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Based on Technology
Machine Learning (ML)
Natural Language Processing (NLP)
Computer Vision
Context Awareness
Other Technologies

By Industry Verticals
Healthcare
Education
Media and Entertainment
Retail Industry
BFSI
IT and Communication
Other Industry Verticals

Geographically,

North America (U.S., Canada, and Mexico)
Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (UAE, Saudi Arabia, South Africa and Rest of MEA)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Component, Technology, and Industry Vertical over the forecast years are also included.

Key inquiries addressed in the report:
• Investigate the COVID 19 outbreak's effects.
• Our researchers supply specific responses, pinpoint good sized possibilities and sparkling investments, and advocate high-quality market method avenues.

These responses will function a complete examination of the:
• The markets' present-day infrastructures
• Market possibilities and challenges
• Future plausible for increase in particular industries
• Major geographic and market segments to target, and end-user goal organizations and their viable operational volumes
• Representative and a price chain probability breakdown
• Market dimension and boom price during the expected time frame.
• The market's important using forces
• Key market traits are impeding market expansion.
• Obstacles to market expansion.
• Market's pinnacle merchants.
• Thorough SWOT analysis
• Threats and possibilities confronted with the aid of the modern carriers in the world market.
• Trending elements that affect the markets in the quite a number region.
• Initiatives with a strategic center of attention on the pinnacle vendors.
• PEST find out about of the five essential market regions.

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