Bharat Book Bureau Provides the Trending Market Research Report on “Global Robot Software Market, Forecast to 2022” under Technology & Media category. The report provides information on industry overview, market size, latest developments, industry trends, Major Vendors, global presence, and their future prospects.
Increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) is the key driver for the growth of the robot software market
The robot software market size is expected to grow from USD 1,142.2 million in 2017 to USD 7,527.1 million by 2022, at a Compound Annual Growth Rate (CAGR) of 45.8%. The factors that have significantly fueled the growth of the robot software market are growing need to reduce costs while maintaining quality and increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI). However, malware attack on data engulfed by robots is a restraining factor in the robot software market.
Recognition software is estimated to hold the largest market size in 2017 in the robot software market
Recognition software consists of various modules used for object, voice, speech, image, gesture, facial, and character recognition. The recognition software provides highly integrated tools that help bot developers integrate AI into the software to enable the robot to tackle problems, such as language and dialog skills.
Request a free sample copy of Robot Software Market Report @ https://www.bharatbook.com/request-sample/247241
Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period in the robot software market by region
The APAC region is expected to provide significant growth opportunities over the next 5 years. The top countries contributing to the growth of the robot software market in this region are China, Japan, Singapore, South Korea, and India. China is expected to be at the forefront in the adoption of AI in robotics. The Chinese market is driven by exporting cost-effective products across the globe. Thus, the market offers tremendous opportunities to the robot software vendors to sell their software and solutions in China. Moreover, the Chinese market is expected to proliferate its expenditure related to AI and robotics, as the country in its 13th five-year plans has categorically prioritized its focus on AI and robotics. China’s National Development and Reform Commission has announced an AI three year implementation program that is expected to be instrumental to accelerate the adoption of advanced technologies to help the country become a super power by 2030.
APAC is projected to be the high growth market, as the governments in these regions are providing easy loan facilities to Small and Medium-sized Enterprises (SMEs) and large enterprises with the start-up culture. The single most important factor that governs this high growth in the region is the manufacturing prowess of the emerging economies, such as China and India, to manufacture goods and export these cost-efficient products across the globe.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The break-up of the profile of the primary participants is as follows:
- By Company: Tier 1 – 28 %, Tier 2 –25%, and Tier 3 –47%
- By Designation: C level – 26%, Director level – 53%, and Others – 21%
- By Region: North America – 38%, Europe – 21%, APAC – 227% and RoW-14%
The robot software market comprises following major vendors:
1. ABB (Switzerland)
2. AIBrain (US)
3. Brain Corp (US)
4. CloudMinds (US)
5. Energid Technologies (US)
6. Furhat Robotics (Sweden)
7. H2O.ai (US)
8. IBM (US)
9. Liquid Robotics (US)
10. Neurala (US)
11. NVIDIA (US)
12. Oxbotica (UK)
To browse full research report with TOC, click the link below :
https://www.bharatbook.com/information-technology-market-research-reports-247241/robot-software-type-deployment-model-vertical-region-global-forecast.html
About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
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Increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) is the key driver for the growth of the robot software market
The robot software market size is expected to grow from USD 1,142.2 million in 2017 to USD 7,527.1 million by 2022, at a Compound Annual Growth Rate (CAGR) of 45.8%. The factors that have significantly fueled the growth of the robot software market are growing need to reduce costs while maintaining quality and increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI). However, malware attack on data engulfed by robots is a restraining factor in the robot software market.
Recognition software is estimated to hold the largest market size in 2017 in the robot software market
Recognition software consists of various modules used for object, voice, speech, image, gesture, facial, and character recognition. The recognition software provides highly integrated tools that help bot developers integrate AI into the software to enable the robot to tackle problems, such as language and dialog skills.
Request a free sample copy of Robot Software Market Report @ https://www.bharatbook.com/request-sample/247241
Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period in the robot software market by region
The APAC region is expected to provide significant growth opportunities over the next 5 years. The top countries contributing to the growth of the robot software market in this region are China, Japan, Singapore, South Korea, and India. China is expected to be at the forefront in the adoption of AI in robotics. The Chinese market is driven by exporting cost-effective products across the globe. Thus, the market offers tremendous opportunities to the robot software vendors to sell their software and solutions in China. Moreover, the Chinese market is expected to proliferate its expenditure related to AI and robotics, as the country in its 13th five-year plans has categorically prioritized its focus on AI and robotics. China’s National Development and Reform Commission has announced an AI three year implementation program that is expected to be instrumental to accelerate the adoption of advanced technologies to help the country become a super power by 2030.
APAC is projected to be the high growth market, as the governments in these regions are providing easy loan facilities to Small and Medium-sized Enterprises (SMEs) and large enterprises with the start-up culture. The single most important factor that governs this high growth in the region is the manufacturing prowess of the emerging economies, such as China and India, to manufacture goods and export these cost-efficient products across the globe.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The break-up of the profile of the primary participants is as follows:
- By Company: Tier 1 – 28 %, Tier 2 –25%, and Tier 3 –47%
- By Designation: C level – 26%, Director level – 53%, and Others – 21%
- By Region: North America – 38%, Europe – 21%, APAC – 227% and RoW-14%
The robot software market comprises following major vendors:
1. ABB (Switzerland)
2. AIBrain (US)
3. Brain Corp (US)
4. CloudMinds (US)
5. Energid Technologies (US)
6. Furhat Robotics (Sweden)
7. H2O.ai (US)
8. IBM (US)
9. Liquid Robotics (US)
10. Neurala (US)
11. NVIDIA (US)
12. Oxbotica (UK)
To browse full research report with TOC, click the link below :
https://www.bharatbook.com/information-technology-market-research-reports-247241/robot-software-type-deployment-model-vertical-region-global-forecast.html
About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
Website: www.bharatbook.com
Follow us on : Twitter, Facebook, LinkedIn, Google Plus
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