logo
logo
Sign in

Global Robot Software Market to Expand at 9.2% CAGR Till 2023

avatar
Andrew Thomas
Global Robot Software Market to Expand at 9.2% CAGR Till 2023

A report published by Research on Global Markets titled "Global Robot Software Market (2018 – 2023)" studies the performance of the global robot software market over a five year assessment period from 2018 to 2023. The report presents the value forecast of the global robot software market and provides key insights into the factors driving market growth as well as the factors restricting market growth. According to the Research On Global Markets analysts, global robot software market is projected to expand at a compound annual growth rate (CAGR) of 9.2%, reaching USD 15.47 Bn by 2023.

Global Robot Software Market – Segment insights

The report published by Research On Global Markets features comprehensive analysis of the global robot software market segment based on software and industry. Based on software, the use of test simulation software is gaining considerable ground recently owing to the need to analyze unpredictable customer behavior and demands. The environmental detection software, on the other hand, allows suppliers to draw actionable insights and carry out targeted advertising by transforming uploaded images into data.

Based on industry, healthcare, manufacturing and financial services together are expected to secure a significant share of the robot software market. The transportation sector will also experience higher CAGR during the forecast period. Many emerging economies are employing robotics, drones and intensive hacking systems for defense purposes, which, in turn, is creating lucrative opportunities for robot software in this domain.

Global Robot Software Market - Market Insights

The rising adoption of commercial and industrial robots across multiple applications, particularly in automotive, healthcare, and the banking, financial services and insurance (BFSI) sectors, is augmenting the growth of the robot software market.

The market research report tracks the performance of the robot software market across the key geographies of North America, Europe, Latin America, Asia-Pacific, the Middle East and Africa. North America is the leading innovator as well as the most dominant region in the global robot software market. However, despite the dominance of North America, it is the Asia-Pacific region which is expected to witness the highest growth rate during the forecasted period.

Research On Global Markets tracks the performance of some of the major players operating in the global robot software market including ABB, Brain Corp, CloudMinds, Energid Technologies, Furhat Robotics AB, H2O.ai, IBM, Liquid Robotics, Neurala Inc, NVIDIA Corporation, Oxbotica, and UiPath, among others.

Some of the key topics covered in this report are:

• Global market overview - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), and market attractiveness analysis
• Market segmentation based on software type (environmental detection, test simulation, intelligent monitoring and prevention, data and analytics, and communication) – qualitative market observations
• Market segmentation based on industry (financial services, retail, government sector, healthcare and life science, manufacturing, and transportation and logistics) – qualitative market observations
• Qualitative analysis of the major drivers and challenges affecting the market
• Analysis of the competitive landscape and profiles of major players operating in the market

For more information on this market, request a free sample report.

About Research On Global Markets:
Owned by Netscribes, Research On Global Markets draws from the company’s vast experience in market research and intelligence. For any queries related to our products and services, feel free to get in touch with us at [email protected].
 
Contact Us:
Ankita Basu
Research On Global Markets
41 East, 11th Street,
New York
NY
10003
USA
US Toll-Free: 18888313350
M: + 919903154956
Email: [email protected]
Website: https://www.researchonglobalmarkets.com

collect
0
avatar
Andrew Thomas
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more