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Rising demand for robots in various industries is expected to aid in growth of the robotic software market over the forecast period
Global Robot Software Market, by Deployment Model (On-demand & On-Premises), by Robot (Service & Industrial), by Software (Communication Management Software, Recognition Software, Data Management & Analysis Software, Predictive Maintenance Software, and Simulation Software), by Organization Size (SMEs (Small and Medium Enterprises) and Large Enterprises), by Verticals (Telecommunication & IT Services, BFSI, Government & Defense, Manufacturing, Transportation & Logistics, Healthcare & Life science, Retail, Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Robotic software is simply the set of instructions or coded verbal commands that tell a computer androids and other automated machine what tasks to do. Robot software has been designed to make programming robots much easier for programmers. Programming robots are similar to computers in that they can be given instructions to execute specific tasks. This may include opening and closing doors, walking around a room, or recording certain events. Robot software has been designed and developed to work along with equipment such as a robot kit or control software. Control software allows machines to communicate with one another and with external applications or sensors. The communication can include voice, text, or video.
Major companies contributing to the global robot software market include Energid Technologies, CloudMinds Technologies, Brain Corporation, AIBrain, ABB Robotics, Oxbotica Inc., Neurala Brain Inc., Liquid Robotics, IBM Corporation, and Furhat Robotics.
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Burgeoning demand for robotic solutions in industrial, logistic, healthcare, data management, and other applications to reduce labor costs, optimize time & resources, and for improving productivity is expected to augment growth of the robot software market throughout the forecast period.
Furthermore, technological revolutions such as Industry 4.0, Artificial intelligence (AI), Internet of Things (IoT), and other device integration solutions are driving the rapid adoption of robotic software in SMEs (small and medium enterprises) and small-scale industries, which are expected to boost growth of the robot software market during the forecast period.
Geographically, the report examines production, consumption, revenue, market share, growth rate, and forecasts for the following regions:
North America (United States, Canada)
Asia Pacific ( China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
The Epitome of the COVID-19 Debacle
The onset of the COVID-19 pandemic has provided an up-thrust for the growth of the global robot software market. Labor shortages were a major obstacle for the manufacturing, medical, logistics, and other sectors during the peak of the pandemic. To bridge this gap of labor scarcity, adoption of robotic software has proven to be effective for traders in terms of costs, productivity, and time.
Some of the important questions answered in this report include:
What are the top five Robot Software Market players?
What will the Robot Software Market look like in the following years?
Which product and application will dominate the Robot Software Market?
What are the Robot Software Market’s drivers and restraints?
Which regional market will represent the highest growth?
What will be the CAGR and market size of the Robot Software Market over the forecast period?
What is the present market size, what will it be in 2029, and what will be the growth rate?
What are the constraints to market growth?
What market opportunities and risks do the key companies face?
Who are the main competitors, and what is their strategic approach?
What are the market’s entry challenges for new players?
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Detailed TOC of Robot Software Market Forecast Report:
1.1 Product Overview and Scope of Robot Software Market
1.4 Global Market, Region Wise (2017-2022)
1.5 Global Market Size of Robot Software Market (2017-2029)
2 Global Robot Software Market Landscape by Player
2.1 Global Robot Software Market Sales and Share by Player (2017-2022)
2.2 Global Revenue and Market Share by Player (2017-2022)
2.3 Global Average Price by Player (2017-2022)
2.4 Global Gross Margin by Player (2017-2022)
2.5 Manufacturing Base Distribution, Sales Area and Product Type by Player
2.6 Market Competitive Situation and Trends
3 Robot Software Market Upstream and Downstream Analysis
3.2 Key Raw Materials Suppliers and Price Analysis
3.3 Key Raw Materials Supply and Demand Analysis
3.5 Market Concentration Rate of Raw Materials
3.7 Value Chain Status Under COVID-19
The robot software market is anticipated to grow at a during the forecast period owing to rapid adoption in several sectors and the advent of advanced technologies. For instance, in September 2021, Alteryx renewed its collaborative deal with UiPath, a robotic software providing company, to provide automation for the former’s analytical platform.
By expanding the horizon, the North American region is a big destination for the global robot software market on the heels of rapid adoption across various industries coupled with the presence of major market participants.
In parallel, the Asia Pacific region is also broadening the scope for the robotic software market on account of elevated use of robots in the electronic, logistic, and healthcare sectors combined with the booming industrial division.
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The post Robot Software Market is set to rise at a gigantic pace amidst catalyzed adoption of robotic solutions across numerous sectors, Top Competitors: Neurala Brain Inc., Liquid Robotics, IBM Corporation, and Furhat Robotics. appeared first on Gatorledger.
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