Robot Software Market Worth US$ 43.5 Billion by 2028 - Exclusive Report by IMARC Group

According to IMARC Group’s latest report, titled “Robot Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’  the global robot software market size reached US$ 14.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.5 Billion by 2028, exhibiting a growth rate (CAGR) of 18.6% during 2023-2028.

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What is Robot Software?

Robot software entails a set of commands and programmed inputs that assist mechanical devices and electronic systems in executing specific operations for attaining desired outcomes. It enables systems to perceive, learn, and maintain network security. Robot software is extensively used to control user interface (UI), reduce operational cost, increase productivity, improve internal procedures and eliminate human errors. Consequently, robot software finds extensive applications in manufacturing units to perform automated tasks, including data analysis and triangulation.

Robot Software Market Trends: 

The rapid adoption of robot software for automating, leveraging, mass-producing, and operating numerous functionalities across various industrial verticals is the key factor primarily driving the market growth. In addition to this, the emergence of Industry 4.0 and the rising demand for precision manufacturing are bolstering the market growth. The shifting preference toward robotic technologies in the healthcare and chemical sectors is acting as another factor significantly contributing to the market growth.

Moreover, the integration of artificial intelligence (AI) in robots, the utilization of robotic operating systems (ROS) frameworks, and the rising need for surgical robots and pharmacy and lab automation are creating a positive outlook for the market. Apart from this, the rising demand for packaged food items has compelled manufacturers in the food and beverage (F&B) industry to automate their production processes and mass-produce products with high yields and precision, which is boosting the market growth.

Robot Software Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the robot software market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • ABB Ltd.
  • AIBrain Inc.
  • Brain Corporation
  • Clearpath Robotics Inc.
  • Furhat Robotics
  • ai Inc.
  • International Business Machines Corporation
  • Neurala Inc.
  • NVIDIA Corporation
  • Teradyne Inc
  • The Boeing Company.

Key Market Segmentation:

The report has segmented the identity verification market on the basis of software type, robot type, deployment mode, enterprise size and end use industry.

Breakup by Software Type:

  • Recognition Software
  • Simulation Software
  • Predictive Maintenance Software
  • Data Management and Analysis Software
  • Communication Management Software

Breakup by Robot Type:

  • Industrial Robots
  • Service Robots

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by Enterprise Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by End Use Industry:

  • BFSI
  • Automotive
  • Retail and E-Commerce
  • Government and Defense
  • Healthcare
  • Transportation and Logistics
  • Manufacturing
  • IT and Telecommunications
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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