Global Roboto Software Market Scenario
As per the assessment by
Market Research Future Reports (MRFR), the global Roboto Software Market is anticipated
to value USD 13.48 billion, recording at a CAGR of 44.45% during the forecast
period. The increasing adoption of robots in various industries is the most
substantial factor influencing the global robot software market 2020. There has
been a growing adoption for commercial and industrial application which is
propelling the market at a fast pace. Besides, the rise in adoption of robotics
by small and medium enterprises is another factor resulting in market growth.
Moreover, the introduction of industry 4.0 is estimated to make a significant
contribution to enlarging the market. Also, the increasing demand for low-cost
and products is another factor leading to market expansion. However, the
security issues related to DDoS threats on the data of robotics is a major
restraining factor leading to market expansion.
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The outbreak of coronavirus
has resulted in a halt in daily business operations. The research performed by
MRFR tracks the aftermath of the COVID-19 pandemic. Also, a precise study of
factors augmenting and impeding the market in the post-COVID-19 period has been
evaluated. We will provide COVID-19 impact analysis with the report.
Market Segmentation
The worldwide robot
software market can be classified on the grounds of robot type, deployment,
software type, vertical, organization size, and region.
Based on the robot type,
the worldwide robot software market can be segmented into service robots and
industrial robots.
Based on deployment, the
worldwide robot software market can be segmented into on-premise and on-cloud.
Based on software type, the
worldwide robot software market can be segmented into simulation software,
recognition software, predictive maintenance software, communication management
software, and data management software.
Based on vertical, the
worldwide robot software market can be segmented into retail & e-commerce,
BFSI, government, logistics, healthcare, IT & telecommunication,
manufacturing, and others.
Based on the organization,
the worldwide robot software market can be segmented into small & medium
size enterprises (SMEs), and large enterprises.
Based on the region, the
worldwide robot software market can be segmented into North America, Europe,
Asia-Pacific, and the Rest of the World (RoW).
Regional Analysis
The regional study of North
America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been carried
out. As per the analysis, the market is dominated by North America. Among all
nations of North America, the US, Canada, and Mexico are likely to make the
most significant contribution in market expansion. The US is likely to make the
maximum contribution to expanding the market, followed by Canada and Mexico.
Another factor responsible for expanding the market is the existence of various
notable market competitors in the region. Besides, North America is an early
and fast adopter of advanced technology.
On the other hand, the APAC
region is likely to grow at the fastest speed during the forecast period.
Developing economies like Japan, China, and South Korea are projected to make
the most significant contribution during the forecast period. Moreover, the
growing adoption of robots by the logistics industries and the manufacturing
industries is speculated to propel the market growth during the forecast
period.
The outbreak of COVID-19 is
likely to change the market mechanism of several regions. Several markets have
been influenced significantly due to the observation of nationwide lockdown in
various countries
Key Players
The notable market players
of the global market are IBM Corporation, Oxbotica, ABB Ltd,
Energid Technologies, Nvidia
Corporation, Microsoft Corporation, Cloudminds,
Epson Robotics, Brain
Corporation, iRobot, Aibrain, Neurala and Furhat robotics.
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