The Global Robot Software Market size was US$ 16.97 Billion in 2024 and is anticipated to succeed in the valuation of US$ $ 56.73 Billion in 2029 and is predicted to register a CAGR of 27.3% from 2024 to 2029.
Robot software is a set of programmed inputs given to a robot (machinery and operating system) to perform a specific task and achieve the desired output. Companies use robotic software to automate tasks, reduce operating costs, increase productivity, reduce operational risk, improve internal processes, and more. Robotic Software Market Industry is used by various organizations in production units to perform automated tasks such as data analysis, filtering, triangulation, positioning, pathfinding, and analysis.
Global Robot Software Market Drivers:
With the advent of the Fourth Industrial Revolution (Industry 4.0) and the growing trend of precision manufacturing, there is an increasing need for industrial robots that transform manufacturing facilities into smart, connected factories. This is one of the main drivers of Robot software market growth. Robot Software Market Trend for packaged foods grows, manufacturers in the food and beverage (F & B) industry are using robotic technology to automate their manufacturing processes and mass-produce products with high precision and high yields. This creates a favourable outlook for the market. Separately, companies in the chemical industry are migrating to robotic software to distract employees from dangerous tasks and improve worker safety.
In addition, robotics is being used in the healthcare industry due to the growing need for surgical robotics and laboratory and pharmacy automation. Robot software market trend for robot software is growing worldwide as e-commerce and shipping companies are also focusing on automating most of their operations due to labour shortages and intensifying competition between companies. In addition, market players around the world are developing artificial intelligence (AI) robots using robot operating systems (ROS) and frameworks, and overall sales are expected to increase.
Global Robot Software Market Restraints:
High initial investment costs for deploying robots are expected to be a major challenge for market growth, as SMEs (Small and Medium Enterprises) do not have such large amounts of capital to invest.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
27.3% |
Segments Covered |
By Software Type, Robot type, Vertical and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
ABB, AIBrain, Brain Corp, CloudMinds, Energid Technologie, Furhat Robotics and Others. |
This research report on the global robot software market has been segmented and sub-segmented based on software type, robot type, vertical, and region.
Global Robot Software Market - By Software Type:
Based on Software Type, the market is divided into detection software, simulation software, predictive maintenance software, data management and analysis software, and communication management.
Global Robot Software Market - By Robot Type:
Based on Robot type, industrial robots are expected to have the largest market share during the forecast period. As labour challenges and competitive pressures increase, organizations need solutions that reduce manual labour and increase operational efficiency.
Global Robot Software Market - By Vertical:
Based on Vertical, the market is divided into banks, financial services and insurance, retail and e-commerce, healthcare and life sciences, transportation and logistics, manufacturing and more.
Global Robot Software Market -By Region:
North America is expected to lead the market in all regions. The market size is mainly due to the presence of major companies such as Nvidia Corporation, Microsoft Corporation, Brain Corp, Cloud Minds and IBM Corporation. These players focus on implementing a variety of business strategies to expand their presence globally.
Europe is predicted to upward thrust with a large CAGR for the duration of the forecast period. The increase in the marketplace is more often than not attributable to the funding carried out with the aid of using the authorities in nations such as the UK, Germany, Russia, and others, with the aid of adopting robotic software program inside the automobile and healthcare industries.
The Asia Pacific region is projected to grow at a maximum CAGR. Growth in the region is driven by increased investment from start-ups and local governments in countries such as India, Japan, China and South Korea. The investment will be made to develop technologies that power service robots in BFSI, retail, education and other industries. The market is expected to grow due to increased internet penetration and an increasing number of software vendors in Latin America, the Middle East and Africa.
KEY MARKET PLAYERS:
Major Key Players in the Global Robot Software Market are ABB, AIBrain, Brain Corp, CloudMinds, Energid Technologies, Furhat Robotics, H2O.ai, IBM, Liquid Robotics, Neurala, and others
RECENT HAPPENINGS IN THE MARKET:
Frequently Asked Questions
The Robot Software Market was valued at USD 10.47 billion in 2022 and is expected to grow to USD 35.24 billion by 2028, at a CAGR of 27.3 percent from 2023 to 2028.
While industrial robots are increasingly being used in manufacturing industries because they reduce costs while providing high endurance, speed, and assurance. Such factors are propelling the Global Robot Software Market forward.
ABB, AIBrain, Brain Corp, CloudMinds, Energid Technologies, Furhat Robotics, H2O.ai, IBM, and Liquid Robotics are among the major players.
The Global Robot Software Market is divided into four segments: software type, robot type, vertical, and geography.
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