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Robot Software Design Market was valued at USD 1.59 billion in 2020 and is expected to reach USD 13.48 billion by 2024 registering a 44.45% CAGR during the forecast period. <br><br>Get Report Details @ https://www.marketresearchfuture.com/reports/robot-software-market-7859<br><br>
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Robot Software Design Market Research Report - Global Forecast till 2024 Robot Software Design Market Research Report - Global Forecast till 2024 P a g e | 1 Copyright © 2017 Market Research Future.
Robot Software Design Market Research Report - Global Forecast till 2024 Market Synopsis The Global Robot Software Design Market was valued at USD 1.59 billion in 2018 and is expected to reach USD 13.48 billion by 2024 registering a 44.45% CAGR during the forecast period. The increasing adoption of robots for commercial and industrial applications, developing artificial intelligence (AI) and Internet of Things (IoT) technologies, and increasing demand for advanced solutions by manufacturers to provide high-quality products at affordable prices are some of the major driving factors of the Robot Software Design Market. However, the lack of skilled expertise is one of the major restraining factors for this market. Rising adoption of robotics by SMEs and growth in industry 4.0 are some of the key trends which are expected to offer lucrative opportunities for investors in the global Robot Software Design Market. Whereas, security issues related to DDoS attacks on robotics data is one of the major challenges faced by the players of the global Robot Software Design Market. Virtual assistance, autonomous robots, point-of-care testing, navigation & object detection, business process automation, customer support services, and autonomous vehicles among others are some of the use cases of the robot software. Market Segmentation: The global Robot Software Design Market has been segmented into software type, robot type, deployment, organization size, and vertical. By software type, the market has been classified as recognition software, simulation software, predictive maintenance software, data management software, and communication management software. By robot type, the market has been sub-segmented into industrial robots, and service robots. By deployment, the market has been further bifurcated into on-premise and on-cloud. By organization size, the market has been divided into SMEs, and large enterprises. By vertical, the market has been categorized as BFSI, retail & e-commerce, government, healthcare, logistics, manufacturing, IT & telecommunication, and others. Key Players MRFR has considered IBM Corporation, ABB Ltd, Nvidia Corporation, Cloudminds, Brain Corporation, Aibrain, Furhat robotics, Neurala, iRobot, Epson Robotics, Microsoft Corporation, Energid technologies, Oxbotica, H2O.ai, and others as some of the key players in Robot Software Design Market. Regional Analysis The Global Robot Software Design Market is estimated to Grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of Robot Software Design Market has been conducted for North America (the US, Canada, and Mexico), Europe (Germany, the UK, France, Spain, and Italy), Asia-Pacific (China, Japan, India, Singapore, Australia, Philippines, and South Korea), and the rest of the world (including the Middle East & Africa, and South America). North America is currently dominating the market in terms of market share. The US, followed by Canada, is leading the market due to early adoption of Industrial Internet of Things (IIoT) and robotics by the aerospace & defense and automotive industries in the countries. The healthcare sectors in Canada is also investing significantly in upgrading their traditional systems with automated solutions including robots. However, the market in Mexico is projected to exhibit a significant growth rate in Robot Software Design Market in the coming years due to growing manufacturing sector in the country. Key automotive brands are also investing in Mexico which is further fueling the market growth in the country. P a g e | 2 Copyright © 2017 Market Research Future.
Robot Software Design Market Research Report - Global Forecast till 2024 Europe is the second highest contributor in terms of revenue generation for the Robot Software Design Market. Germany is leading the market due to presence of key players in the country such as ABB, KUKA, and Kawasaki Robotics. The extensive research and development of artificial intelligence in the region has benefitted these key players in upgrading their manufacturing as well as business processes with automated solutions. The market in Asia-Pacific is projected to register the highest CAGR in the global Robot Software Design Market. China, Japan, India, and South Korea are the manufacturing centers of automotive, semiconductor & electronics, and pharmaceutical industries. The Increasing adoption of robotics and big data technologies is further driving the market growth in the region. China is the leading market in Asia-Pacific region, whereas Japan, and South Korea, followed by India are projected to gain high market growth in the coming years. The rest of the world, which consists of the Middle East & Africa and South America is expected to register a steady growth rate in Robot Software Design Market. P a g e | 3 Copyright © 2017 Market Research Future.
Robot Software Design Market Research Report - Global Forecast till 2024 P a g e | 4 Copyright © 2017 Market Research Future.