Robot software market share forecast to witness considerable growth from 2019-2025 - PowerPoint PPT Presentation

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Robot software market share forecast to witness considerable growth from 2019-2025

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NVIDIA, iRobot Corporation, Oxbotica, Brain Corp, Furhat Robotics, ABB, Epson Robotics, Microsoft Corporation, and Cloudminds are some of the major players in the robot software market – PowerPoint PPT presentation

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Title: Robot software market share forecast to witness considerable growth from 2019-2025


1
Robot software market share research by
applications and regions for 2019-2025 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Robot Software market
  • Asia Pacific is expected to dominate the robot
    software market owing to the presence of the huge
    manufacturing sector. South Korea holds the
    highest robot density in the manufacturing sector
    due to the installation of a large number of
    robots particularly in automotive and electronics
    electrical industries. Singapore will also have
    a significant influence on the industry in Asia
    Pacific as the country had 488 robots per 10,000
    employees in 2016 with 90 of robots in the
    electronics industry.
  • Robot Software Market size is witnessing a
    substantial growth from 2019 to 2025 due to rapid
    developments in artificial intelligence (AI),
    Internet of Things, and other software
    technologies. The robot software is used to
    perform a given task using certain commands such
    as data management, robot process control, and
    pathfinding. The growth of automation
    particularly in the manufacturing sector has
    created high growth opportunities in the robot
    software market. The industries are making a
    transition towards newer technologies to improve
    the manufacturing process and product quality and
    reduce the required time and costs, which will
    ensue the integration of several software to
    enable machines to work autonomously. Automated
    factories need to be highly configurable and
    flexible for making changes in the entire
    production line and processes. For instance, IBM
    Robotic Process Automation is highly effective in
    managing repetitive tasks such as managing
    billing system, workflow collaboration, and data
    capture.

3
Continue
  • The use of AI, machine learning, and other
    cognitive technologies provides opportunities to
    robots to perform functions, such as learning,
    planning, reasoning, logic, and perception, to
    effectively process massive quantities of data.
    AI enables robots to possess an interleaved set
    of capabilities, which include self-awareness,
    creativity as well as emotional knowledge. The
    utilization of AI in robotics augments human
    potential by increasing productivity and is
    witnessing a transition from simple reasoning to
    more human-like cognitive abilities. The
    technology is currently witnessing increasing
    penetration in areas of applications, which
    include manufacturing, healthcare, financial
    services, energy, transport, government as well
    as management consulting agencies.
  • The robot software market will be driven by
    industry 4.0 as the manufacturing sector makes a
    transition to smart factories. According to a
    report by the International Federation of
    Robotics, in 2017 the robot sales increased by
    30. Also, the robot density per 10,000 employees
    has become 74 globally. Industrial robots have
    been rapidly adopted in recent years for multiple
    applications such as welding, painting, assembly,
    and material removal. The advantages of these
    robots, such as minimum material waste, better
    weld quality, consistent paint coats, and
    reduction in time, are increasing their use
    across industries.

4

Browse Full Research Report On Robot Software
market _at_ https//bit.ly/2TeWWRJ Request
for an in-depth table of contents for this report
_at_ https//bit.ly/2Ma10C3 /request-toc/upcoming/17
97
5
Continue
  • The growing adoption of robotics technologies in
    logistics will augment the growth of the robot
    software market for efficient task management.
    Leading e-commerce players, such as Amazon, are
    deploying robots in their workflows for efficient
    logistics and supply chain management. The
    company has around 200,000 robot units worldwide
    to increase warehouse automation processes.
    Amazon, in June 2019, announced two new robots to
    improve operations at its warehouse facilities.
    This is bringing in significant developments in
    the industry to provide required changes and
    flexibility to enable them to execute multiple
    functions, handle items of various sizes
    shapes, recognize the changes in objects, etc.
  • Service robots are also widely adopted across
    several sectors, such as medical, defense,
    mining, and agriculture, propelling the robot
    software market. In addition, the retail sector
    has started deploying them to enhance the
    customer experience. These robots are programmed
    to speak several languages to facilitate easy
    interaction and provide customers with
    information based on their customer journey and
    purchase history. Service robots are also being
    used for surveying customers to seek reviews,
    helping retailers to understand customer
    perceptions. The utilization of machine learning
    technology in robotics enables the analysis of
    the significant volume of data.

6
Continue
  • Recognition software, predictive maintenance
    software, and data management software are in
    huge demand in the robot software market. The
    predictive maintenance software is expected to
    witness significant adoption to monitor
    operational conditions, minimize the possibility
    of downtime, perform analytics, and store
    historical data in the cloud. This enables the
    servicing of machines used in manufacturing
    processes based on the actual wear and tear
    rather than scheduled visits for service, which
    can significantly reduce maintenance costs.
  • One of the major factors hindering the growth of
    the robot software market is the higher costs
    associated with the deployment of automation
    technologies. The process automation in
    manufacturing can be expensive as it requires
    considerable upgradations in sensors and
    software. Moreover, these systems require proper
    training of people to manage them efficiently.
  • IBM Corporation, NVIDIA, iRobot Corporation,
    Oxbotica, Brain Corp, Furhat Robotics, ABB, Epson
    Robotics, Microsoft Corporation, and Cloudminds
    are some of the major players in the robot
    software market. The high growth potential is
    enabling technology providers to develop advanced
    platforms such as cloud robotics technology

7
Methodology
  • Market
    research reports Key analytical components

8
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