Revolutionizing Success in the Robot Management Software Market: Latest Trends, Technological Advancements, Driving Factors, and Forecast until 2031 | Omron, FORT Robotics, Geekplus, Boston Dynamics

The Robot Management Software Market is estimated for 2024 for the forecast period 2024-2031, as highlighted in a new report published by Worldwide Market Reports.

Market Overview:

Robot management software assists industries in monitoring, maintaining and managing industrial robots deployed for various tasks including material handling, assembly and quality inspection. They help to schedule robot tasks, track productivity, manage firmware updates and ensure safety.

Market Dynamics:

The robot management software market is expected to witness significant growth due to increased demand for such software from the manufacturing sector. Manufacturers are increasingly adopting industrial robots to automate production processes and minimize human errors and overheads. Robot management software allows manufacturers to centrally control robots, monitor their performance, schedule maintenance and upgrade firmware remotely. They help achieve seamless production without disrupting operations. Additionally, growing complexities in industrial robotics have necessitated advanced software solutions to efficiently manage robots performing varied tasks simultaneously. This is further expected to drive the demand for robot management software over the forecast period.

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Increasing Demand for Collaborative Robots is Driving the Robot Management Software Market:

Collaborative robots or cobots are proving to be useful tools for various industries like manufacturing, healthcare, logistics etc. Unlike traditional industrial robots, cobots can be safely operated alongside humans as they have sensors which help them stop motion if they detect a collision. This ease of use and ability to work with humans is leading to increasing adoption of cobots. However, managing these multi-purpose robots efficiently requires dedicated software solutions. Robot management software helps organizations centrally monitor, program and control multiple cobots from a single location. They enable remote diagnostics, predictive maintenance and over-the-air software updates for cobots. This is driving more companies to adopt robot management software in order to maximize the utilization and uptime of their collaborative robot fleets.

Growing Demand for Standardized Programming is Another Key Market Driver:

Programming robots manually for each task can be time consuming and requires technical expertise. Robot management software provides standardized programming interfaces and code libraries which can be reused across different applications. They allow non-technical users to program robots through graphical workflows and procedures. This eases the process of deploying cobots for new tasks. It also helps organizations rapidly scale robot deployment. As more companies look to automate diverse applications through collaborative robots, the need for standardized and simplified programming is increasing. This is acting as a major growth driver for the robot management software market.

The report further explores the key business players along with their in-depth profiling:

Omron
FORT Robotics
Geekplus
Boston Dynamics
Meili Robots
PROVEN Robotics
G2P Robots
RMS
Hai Robotics
Hikrobot Technology
Mushiny
Addverb

Segmentation by Type:

PC Terminal
Mobile Terminal

Segmentation by Applications:

AMR
AGV
Others

Declining Costs of Robot Hardware is Restraining Market Growth:

While collaborative robots and robot management software offer clear benefits, their initial costs have limited adoption especially among small and medium businesses. However, over the past few years robot hardware costs have declined significantly due to technological advancements and economies of scale in manufacturing. Popular collaborative robot models from leading brands now cost below $30,000. This has removed a major barrier to robot deployment. As cobots become more affordable, many companies are directly buying hardware without opting for additional software solutions in the initial stages. This has restrained the growth of the robot management software market to some extent. Vendors will need to work on value proposition and pricing strategies to increase their appeal in such price sensitive environments.

Remote Monitoring Capabilities Present Lucrative Opportunities:

With the ongoing COVID-19 pandemic, there is a renewed emphasis on contactless operations and remote monitoring across various industries. Robot management software with remote access and teleoperation capabilities allow operators to program, control and monitor collaborative robots from any location. This helps ensure business continuity even during times when on-site access may not be possible. Vendors providing advanced IIoT integrated solutions for remote robot monitoring and control will gain an edge. They can tap into the growing requirements of factories and warehouses looking to implement social distancing norms through remote-controlled robotics. This presents multi-fold opportunities for providers of robot management software with robust teleoperation and remote access features.

Advent of 5G and Edge Computing will Shape Future Market Trends:

5G and edge computing are emerging as powerful enablers for industries pursuing digital transformation agendas involving robotics. 5G networks provide ultra-low latency connectivity ideal for real-time robot control and video streaming applications. Edge computing deployments at local network edges help process robot sensor data with minimal latency. Robot management software vendors leveraging these technologies can enable more responsive, data-driven solutions. Features like predictive maintenance, over-the-air fleet updates, computer vision based defect detection etc. will become mainstream. 5G and edge will disrupt the robot management space, improving user experience through low-latency interfaces. Vendors proactively developing offerings aligned with these next-gen technologies will be well-placed to tap new growth opportunities.

Here is an overview of the different factual statements covered by the study:

➤ The learn-about consists of an area that breaks down strategic traits in present and upcoming R&D, new product launches, collaborations, regional expansion, and mergers & acquisitions.
➤ The lookup focuses on essential market traits such as revenue, product cost, potential and utilization rates, import/export rates, supply/demand figures, market share, and CAGR.
➤ The learn-about is a series of analyzed records and a variety of barrels of the house bought via a mixture of analytical equipment and an inside look-up process.
➤ The Market can be divided into 4 areas in accordance with the regional breakdown: North American Markets, European Markets, Asian Markets, and the Rest of the World

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Reason to Buy:

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Robot Management Software Market.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Robot Management Software Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offerings in developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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This release was published on openPR.