Press release
Comprehensive Robotic Software Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Robotic Software Market
The projected expansion of the robotic software market is anticipated to be spurred forward by the increasing adoption of automation across various sectors. Automation embodies the utilization of technology to manufacture and deliver goods and services, requiring little to no human intervention. Its uptake is thriving due to its ability to diminish operational costs through enhancing efficiency, curtailing labor costs, minimizing inaccuracies, and optimizing the use of resources. Robotic software acts as a facilitating agent for the uptake of automation, providing businesses with an expandable, cost-efficient, and easy-to-use solution to automate monotonous tasks and processes. This drives operational proficiency, agility, and a competitive edge in the current digitalized economy. For example, a report on the State of Process Automation in January 2022 by Camunda, a Germany-based open-source platform, indicated that 82% of the 600 surveyed IT professionals from North America and Europe claimed that process automation has a higher priority in their organization than the previous year. Hence, the increasing adoption of automation across various sectors is fueling the expansion of the robotic software market.
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What is the future CAGR of the robotic software market, and how will it impact industry expansion?
The size of the market for robotic software has experienced exponential growth in the past years. The projected growth is from $17.93 billion in 2024 to $22.53 billion in 2025, representing a compound annual growth rate (CAGR) of 25.7%. Factors contributing to growth during the historical period include rising adoption of robots across different sectors, increasing need for precision and accuracy in applications like surgical operations, advancements in robot technology like artificial intelligence and machine learning, reducing cost of robot work cells, and improvement in robot speed and throughput.
In the forthcoming years, we can anticipate significant expansion in the robotic software market, which is projected to reach $55.57 billion by 2029, with a compound annual growth rate (CAGR) of 25.3%. This projected increase during the forecast period is due to numerous factors including the rising need for automation solutions in various sectors, the adaptation of sophisticated robotic technologies powered by innovative software, and the advent of new fields of applications for robotics like logistics, healthcare, and consumer services. The need for tailored software to support these applications, and the persistent attention to enhance safety features in robotic systems and improve human-robot interactions also contribute to this growth. The forecast period is expected to witness trends such as the incorporation of artificial intelligence (AI) and machine learning (ML), the emergence of collaborative robots or cobots equipped with cutting-edge software, the acceptance of robotics-as-a-service (RaaS) models, and an increased emphasis on standardization and interoperability in robot software.
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What are the most significant trends transforming the robotic software market today?
Leading companies in the robotic software market are concentrating on the development of cutting-edge technologies, such as visual servoing technology, in order to maintain their competitive advantage. Visual servoing technology is a method used in robotics and computer vision that uses visual feedback captured through a camera to control a robot's movements. For example, ABB Robotics, a Switzerland-based automation firm, introduced its innovative High-Speed Alignment software in April 2022. The software is designed to transform speed and precision in the electronics assembly industry. ABB's High-Speed Alignment software is a pioneering product, enabling manufacturers to boost the speed of 6-axis robots by 70% and precision by 50%. This technological evolution significantly shortens time-to-market and raises accuracy standards. The High-Speed Alignment software, which uses Visual Servoing technology, allows robots to reach target positions for alignment tasks with exceptional accuracy levels between 0.01 and 0.02 millimeters.
Which key market segments comprise the robotic software market and drive its revenue growth?
The robotic software market covered in this report is segmented -
1) By Robot Type: Industrial Robot, Service Robot
2) By Software Type: Recognition software, Simulation Software, Predictive Maintenance Software, Data Management And Analysis Software, Communication Management Software
3) By Enterprise Size: Large Enterprise, Small And Medium Enterprises (SMEs)
4) By Vertical: Banking, Financial Services, And Insurance (BFSI), Retail And eCommerce, Government And Defense, Healthcare And Life Sciences, Transportation And Logistics, Manufacturing, Telecommunications And IT, Academia And Research, Other Verticals
Subsegments:
1) By Industrial Robot: Articulated Robots, SCARA Robots, Cartesian Robots, Collaborative Robots (Cobots), Delta Robots
2) By Service Robot: Professional Service Robots, Personal Service Robots
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North America was the largest region in the robotic software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the robotic software market?
Major companies operating in the robotic software market are ABB Ltd., CloudMinds Technology Inc., NVIDIA Corporation, International Business Machines Corporation (IBM), Liquid Robotics Inc., Clearpath Robotics, Universal Robots AS, Dassault Systèmes, Aibrain Inc., Furhat Robotics, Energid Technologies Corporation, H2O.ai, Brain Corporation, Rockwell Automation, Anduril Industries, Boston Dynamics, FANUC Corporation, Yaskawa Electric Corporation, Keenon Robotics, Energy Robotics, Vecna Robotics, Rapid Robotics, ANYbotics, FORT Robotics Inc., Wandelbots GmbH
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What Is Covered In The Robotic Software Global Market Report?
•Market Size Forecast: Examine the robotic software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the robotic software market for a structured understanding.
•Key Players Overview: Analyze major players in the robotic software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the robotic software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the robotic software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the robotic software market.
•Industry Challenges: Identify potential risks and obstacles affecting the robotic software market.
•Competitive Landscape: Review strategic developments in the robotic software market, including expansions, agreements, and new product launches.
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