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Robot Software Market by Software Type, Robot Type, Deployment Model, Vertical And Region - Global Forecast to 2022

Robot Software Market: Global Forecast until 2022

  • February 2018
  • 134 pages
  • ID: 5343325
In this report:
The robot software market size is expected to grow from USD ##,##.## million in 2017 to USD ##,##.## million by 2022, at a Compound Annual Growth Rate (CAGR) of ##.##%.
China’s National Development and Reform Commission has announced an AI three year implementation program that is expected to be instrumental to accelerate the adoption of advanced technologies to help the country become a super power by 2030.

Summary

Table of Contents

Increasing adoption of Internet of Things and Artificial Intelligence is the main driver for the increase ot the robot software market

The robot software market size is forecasted to grow from $1142.20M in 2017 to $7527.10M by 2022, at a CAGR of 45.80 percent.

The factors that have significantly fueled the increase of the robot software market are increasing need to minimize costs while maintaining quality and growing adoption of Internet of Things and Artificial Intelligence. Nevertheless, malware attack on info engulfed by robots is a restraining factor in the robot software market.

Recognition software is forecasted to hold the biggest industry size in 2017 in the robot software market.

Recognition software consists of several modules used for object, voice, speech, image, gesture, facial, and character recognition. The recognition software offers highly integrated tools that help bot developers integrate AI into the software to enable the robot to tackle problems, including language and dialog skills.

Asia Pacific (APAC) is forecasted to have the maximum growth rate during the outlook period in the robot software market by area

The APAC area is forecast to provide significant increase opportunities over the upcoming 5 years. The top countries providing to the rise of the robot software market in this area are China (CN), Japan (JP), Singapore (SG), South Korea (KR), and India (IN).

China (CN) is anticipated to be at the forefront in the adoption of AI in robotics. The Chinese market is driven by exporting cost-effective products across the world. Therefore, the sector affords tremendous opportunities to the robot software vendors to sell their software and solutions in China (CN).

Furthermore, the Chinese market is anticipated to proliferate its expenditure related to AI and robotics, as the area in its 13th five-year plans has categorically prioritized its focus on AI and robotics. China's National Development and Reform Commission has announced an AI three year implementation program that is anticipated to be instrumental to accelerate the adoption of advanced technologies to help the area become a super power by 2030.

Asia-Pac is forecasted to be the high increase market, as the governments in these areas are providing easy loan facilities to Small and Medium-sized Enterprises and important enterprises with the start-up culture. The single most important factor that governs this high increase in the territory is the manufacturing prowess of the emerging economies, such as china (CN) and India (IN), to manufacture goods and export these cost-efficient products across the world.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the top people. The break-up of the profile of the primary participants is like:

• By Organization: Tier 1 - 28 %, Tier 2 -25.0 percent, and Tier 3 -47.0 percent

• By Description: C-suite - 26.0 percent, D-level - 53.0 percent, and Others - 21.0 percent

• By Area: North America (NA) - 38.0 percent, EU - 21.0 percent, Asia-Pacific - 227.0 percent and rest of the world - 14.0 percent

Research Report

The document breaks down the robot software market based on software types (recognition software, simulation software, predictive maintenance, data management and analysis software, and communication management software), robot types (industrial robots and service robots), deployment models (on-premises and on-demand), organization sizes (big enterprises and SMEs), verticals (Banking, Financial Services, and Insurance, retail and eCommerce, government and defense, healthcare and life sciences, transportation and logistics, manufacturing, telecommunications and IT, academia and analysis, and others), and territories (North America continent, Europe (EU), Asia-Pac, Middle East (ME) and African continent, and Latin America area).

Reasons to Buy the Report

• To get a comprehensive overview of the overall robot software market

• To benefit wide-range of information about the top actors in this sector, their products review, and the best strategies approved

• To benefit business insights into the main countries/localities, in which the robot software market is flourishing across different verticals

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