The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The robotic software market has experienced exponential growth in recent years, fueled by advancements in technology and increased automation across various industries. Let’s explore the current landscape, future projections, and key trends shaping this dynamic market.

Current Market Landscape

• Market Size: Valued at $14.34 billion in 2023.
• Growth Rate: Projected to reach $17.93 billion in 2024, with a CAGR of 25.0%.

Key Growth Drivers

Increasing Adoption of Robots Across Industries

• Enhanced precision and accuracy in tasks such as surgical procedures.
• Advancements in robotics technology, including AI and machine learning.
• Decreasing costs of robot work cells.
• Increasing speed and throughput of robots.

Future Projections

• Market Size: Expected to grow to $44.31 billion by 2028.
• Growth Rate: Projected CAGR of 25.4%.

Factors Driving Future Growth

Demand for Automation Solutions

• Increased adoption across industries for improved operational efficiency.
• Cost reduction through minimized labor expenses and errors.
• Optimized resource utilization.

Integration of Advanced Robotic Solutions

• Innovative software enabling new applications in logistics, healthcare, and consumer services.
• Demand for specialized software to support diverse applications.
• Enhanced human-robot collaboration and safety features.

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Major Trends in the Forecast Period

Integration of AI and ML

• Enhanced capabilities in robots through advanced AI and ML.
• Improved decision-making and autonomous functioning.

Rise of Collaborative Robots (Cobots)

• Increased focus on human-robot collaboration.
• Cobots equipped with advanced software for better performance.

Robotics-as-a-Service (RaaS)

• Subscription-based models for flexible and cost-effective robotic solutions.
• Growing adoption of RaaS for scalable automation.

Interoperability and Standardization

• Focus on creating standardized software solutions.
• Improved interoperability between different robotic systems.

The Growing Adoption of Automation

The increasing adoption of automation across industries is a significant driver for the robotic software market.

• Operational Efficiency: Automation reduces operational costs and improves efficiency.
• Scalable Solutions: Robotic software offers scalable and cost-effective automation.
• Digital Economy: Enhancing agility and competitive advantage in the digital economy.

Example: According to the State of Process Automation Report 2022 by Camunda, 82% of surveyed IT professionals prioritized process automation more than in previous years.

Key Players in the Market

• ABB Ltd.
• CloudMinds Technology Inc.
• NVIDIA Corporation
• IBM
• Liquid Robotics Inc.
• Clearpath Robotics
• Universal Robots AS
• Dassault Systèmes
• Aibrain Inc.
• Furhat Robotics
• Energid Technologies Corporation

Technological Advancements

Developing Advanced Technologies

• Companies are focusing on technologies like visual servoing to enhance speed and accuracy.
• Example: In April 2022, ABB Robotics launched High-Speed Alignment software, improving speed by 70% and precision by 50%.

Strategic Acquisitions

Rockwell Automation Acquires Clearpath Robotics

• In October 2023, Rockwell Automation acquired Clearpath Robotics to enhance material handling solutions in manufacturing.
• This acquisition aims to streamline production logistics.

Market Segmentation

1. By Robot Type:
   • Industrial Robot
   • Service Robot
2. By Software Type:
   • Recognition software
   • Simulation Software
   • Predictive Maintenance Software
   • Data Management And Analysis Software
   • Communication Management Software
3. By Enterprise Size:
   • Large Enterprise
   • Small And Medium Enterprises (SMEs)
4. By Vertical:
   • Banking, Financial Services, And Insurance (BFSI)
   • Retail And eCommerce
   • Government And Defense
   • Healthcare And Life Sciences
   • Transportation And Logistics
   • Manufacturing
   • Telecommunications And IT
   • Academia And Research
   • Other Verticals

Regional Insights

• North America: The largest region in the robotic software market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region during the forecast period.

The robotic software market is poised for remarkable growth, driven by technological advancements, increasing automation, and strategic industry collaborations. As businesses continue to prioritize efficiency and innovation, robotic software solutions will play a crucial role in transforming various sectors and enhancing overall productivity.

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The Robotic Software Global Market Report 2024  provides an overview of the robotic software market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The robotic software market forecast analyzes robotic software market size, robotic software market share, leading competitor and their market positions.

The Table Of Content For The Robotic Software Market Include:
1. Robotic Software Market Executive Summary
2. Robotic Software Market Segments
3. Robotic Software Market Size And Robotic Software Market Growth Rate
4. Key Robotic Software Market Trends
5. Major Robotic Software Market Drivers
……
25. Key Mergers And Acquisitions In The Robotic Software Market
26. Top Robotic Software Companies
27. Robotic Software Market Opportunities And Strategies
28. Robotic Software Market, Conclusions And Recommendations
29. Appendix

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