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

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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
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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.

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• 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.

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• 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.

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• 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

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Methodology

• Market
  research reports Key analytical components

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