NEW YORK, May 23, 2023 (Globe Newswire) — According to a report published by Next Move Strategy Consulting, global Robot software market It will generate USD 7.8 billion in 2022 and is projected to reach USD 45.5 billion by 2030, at a CAGR of 23.9% from 2023 to 2030.
The study provides an in-depth analysis of market drivers, constraints and opportunities to understand changing market dynamics. Additionally, the study provides an extensive analysis of major segments and their sub-segments, identifying the fastest growing and highest revenue generating segments.
With 419 pages of extensive analysis on all aspects of the market, the report features 337 tables and 359 figures to help market players, investors and start-ups determine their strategies for the years ahead. We aim to be a guide. and achieve sustainable growth.
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|Market size in 2022
|Market size in 2030
|number of pages
|Type of robot, type of software, deployment, size of organization, end-user and region
|Adoption of Industry 4.0 leveraging technologies such as the Internet of Things (IoT) and automation
|Rapid advancement of AI technology and integration of AI technology across various industries
|Development of an intuitive and user-friendly programming interface that allows individuals with limited technical expertise to easily operate and program robots. This will increase the accessibility and adoption of robotic automation in various industries.
The report identifies market drivers, restraints and opportunities. The introduction of Industry 4.0, leveraging technologies such as Internet of Things (IoT) and automation, has emerged as a key driver of the robotics software market.
Embedding the IoT promotes networked ecosystems by allowing interconnected devices and machines to communicate and share data in real time. This connectivity will give robots access to vast amounts of data, enabling intelligent decision-making, optimized workflows, and improved overall efficiency. The ability to collect and analyze data from a variety of sources enables predictive maintenance, improved resource allocation, and optimized production schedules.
Furthermore, automation will play a pivotal role in Industry 4.0 by streamlining operations, reducing human intervention and increasing accuracy. Equipped with advanced software systems, robots can automate repetitive and labor-intensive tasks, leading to increased productivity, better output quality, and improved workplace safety. The integration of automation technology and robotics software enables companies to achieve higher levels of operational efficiency, reduce costs and remain competitive in the global market.
However, potential cybersecurity risks and vulnerabilities are restraining the growth of the robotics software market. As robots become increasingly interconnected and dependent on software systems, they are also potential targets for cyber-attacks.
A principal analyst at Next Move Strategy Consulting identified an opportunity that major companies could leverage to increase their market share, stating, “The convergence of edge computing enables data processing and analytics at the edge of the network. , robots will be able to make and act on decisions in real time.” Tasks can be performed without relying solely on cloud-based infrastructure. This significantly reduces latency and improves responsiveness, making it an ideal solution for applications that require immediate decision-making and action. “
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By region, North America will account for the highest share in 2022 and is expected to maintain its dominance throughout the forecast period. This can be attributed to the region’s robust technological infrastructure, strong presence of major industry players, and high adoption rate of automation and AI technologies. The introduction of Industry 4.0, which leverages technologies such as Internet of Things (IoT) and automation, has greatly contributed to the growth of the North American robotics software market. The region has witnessed rapid advances in AI technology, coupled with the integration of AI technology across various industries, resulting in increased efficiency, productivity, and cost savings. In addition, favorable government initiatives and investments in research and development are further propelling the market growth in the region.
On the other hand, the Asia-Pacific region is estimated to witness significant growth during the forecast period, mainly due to factors such as expansion of the region’s manufacturing sector, increased investment in automation, and increased adoption of AI-powered technologies. I’m here. The region is home to emerging economies such as China, India, and South Korea, which have experienced significant industrial development and invested heavily in advanced technology. In addition, the region’s large population and rising disposable income levels are driving demand for consumer electronics and automotive industries, creating opportunities for the introduction of robotics and automation solutions.
Favorable government policies and initiatives in the Asia-Pacific region that support technological advancement, coupled with the presence of a skilled workforce, further contribute to the growth of the market. In addition, the region has focused on R&D, collaboration between industry players and academic institutions, increasing investment in AI research, and the introduction of robotic software solutions in various sectors such as manufacturing, healthcare, and logistics. is expected to be promoted.
The study analyzes each region and its country by segment and its sub-segments, outlining steps to be taken to strengthen its presence in the robotic software market. Additionally, this analysis helps determine the fastest growing segments and, accordingly, the highest revenue generating segments for taking the next step.
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This report provides an extensive analysis of the competitive landscape of the global Robot Software Market. Major players in the market include IBM, NVIDIA, ABB Ltd., FANUC, Teradyne Inc, H2O.ai, Brain Corp, CloudMinds, Clearpath Robotics, Neurala Inc.
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