Press release
Exponential Growth Envisaged in Robot Software Market: $10.17B by 2025, $30.55B by 2029
Robot Software Market Size
Projected Rapid CAGR of 28.4% in 2024-2025, 31.6% in 2025-2029 with the Adoption of Advanced Technologies and SMEs' Inclination Towards Automation
What Is The Projected Market Size Of The Global Robot Software Market And Its Growth Rate?
The global robot software market has displayed significant growth and is expected to continue this trajectory in the coming years due to the integration of technologies such as artificial intelligence and the increased adoption of cloud-based solutions. Here are some key figures:
•2024 Market Size: $7.92 billion
•2025 Market Size: $10.17 billion (28.4% CAGR)
•2029 Market Size: $30.55 billion (31.6% CAGR)
The continuous improvement in robot programming languages and the increased utilization of robotics in industrial automation and manufacturing have significantly fostered the market's growth.
What Is Driving The Growth In The Robot Software Market?
The proliferation of small and medium-sized enterprises' inclination towards automation is a major driving force for the robot software market. SMEs are progressively adopting robot software to facilitate their operations and reduce labor and energy costs. The trend of leveraging AI technologies in large enterprises is also evident, with a rise from 28.4% in 2021 to 30.4% in 2023, according to Eurostat. This increased adoption has propelled the growth of the robot software market significantly.
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Who Are the Key Players Driving Robot Software Market Growth?
The following key players have significantly influenced the robot software market:
•Asea Brown Boveri
•AIBrain Inc
•Brain Corp
•CloudMinds Technologies Inc
•Energid Technologies Corporation
•Furhat Robotics
•H2O.ai Inc
•IBM Corporation
•Liquid Robotics Inc
•NVIDIA Corporation
•Neurala Inc
•Clearpath Robotics Inc
•Oxbotica
•Teradyne Inc
•Accentur*e PLC
•RoboGroup T. E. K. Ltd.
•Fanuc Corp.
•Universal Robots
•Rethink Robotics Inc.
•Hypertherm Inc.
•Denso Corporation
•Bionic Robotics GmbH
•Kawasaki Robotics Inc.
•Toshiba Machine Co. Ltd.
•Omron Corporation
•Staubli International AG
•KUKA Midea Group
•Robotnik Automation S. L. L.
•Intelitek Inc.
•Yaskawa Electric Corp.
What Are The Key Trends In The Robot Software Market?
The robot software market is witnessing several trends including:
•Simulation-based robot training
•Development of open-source robot software
•Integration of augmented reality in robot software
•Focus on human-robot collaboration and interface design
•Real-time monitoring and remote control of robots
What Are The Segments Of The Global Robot Software Market?
The global robot software market is segmented based on:
1) Software Type: Recognition Software, Data Management And Analysis Software, Communication Management Software, Simulation Software, Predictive Maintenance Software
2) Robot Type: Industrial Robots, Service Robots
3) Enterprise Size: Large Enterprises, Small And Medium Enterprises
4) Deployment Model: On-Premises, On-Demand
Which Region Leads The Robot Software Market?
North America led the robot software market in 2024. However, the Asia-Pacific region is expected to exhibit the fastest growth in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Robot Software Market Global Market Report?
- Market Size Analysis: Analyze the Robot Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Robot Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Robot Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Robot Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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