Press release
Social Robots Market 2024-2033 Size, Share, Trends, Analysis And Forecast
Social Robots market
The Business Research Company's Social Robots Global Market Report 2023 identifies Rising Demand For Personalized Customer Experiences Fuels as the major driver for the Social Robots market's growth in the forecast period. The growing need for personalized customer experiences across industries drives the social robot market. Customer experience (CX) refers to a consumer's impressions and feelings from interactions with a brand's products and services. Social robots can interact with customers and improve their experience by asking them to review the experience and make suggestions.
The social robots market size has grown exponentially in recent years. It will grow from $4.26 billion in 2023 to $5.72 billion in 2024 at a compound annual growth rate (CAGR) of 34.1%. The growth in the historic period can be attributed to aging population, healthcare needs, demand for entertainment and leisure, government funding. The social robots market size is expected to see exponential growth in the next few years. It will grow to $18.26 billion in 2028 at a compound annual growth rate (CAGR) of 33.7%.
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Major competitors in the Social Robots market are Toyota Motor Corporation, Samsung Electronics Co. Ltd., Honda Motor Co. Ltd., Sony Corporation, Toshiba Corporation
A key trend in the Social Robots market includes Innovative Integration. Companies in the social robot market are integrating innovative technologies like artificial intelligence and machine learning into their solutions to sustain their position in the market. Artificial intelligence is the modeling of human intelligence processes by computers, particularly computer systems, whereas Machine learning is how a computer system develops its intelligence. For instance, in December 2022, Embodied Inc., a Los Angeles-based robotics and AI company, launched the Moxie robot.
Read More On TheGlobal Social Robots Market Report Here:
https://www.thebusinessresearchcompany.com/report/social-robots-global-market-report
The Social Robots market is segmented -
•By Component: Hardware, Software, Services
•By Technology: Machine Learning, Computer Vision, Context Awareness, Natural Language Processing
•By Industry: Public Utility, Media And Entertainment, Education, Hospitality, Healthcare, Telecommunication, Banking, Financial Services and Insurance (BFSI), Other Industries
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Social Robots market.
The Business Research Company's "Global Social Robots Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Social Robots Market Include:
1. Executive Summary
2. Social Robots Market Characteristics
3. Social Robots Market Trends And Strategies
4. Social Robots Market - Macro Economic Scenario
5. Global Social Robots Market Size and Growth
.........
32. Global Social Robots Market Competitive Benchmarking
33. Global Social Robots Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Social Robots Market
35. Social Robots Market Future Outlook and Potential Analysis
36. Appendix
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