Zion Market Research

Robot Software Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2024


Sarasota, FL -- (SBWIRE) -- 06/18/2018 -- Robot Software Market: Overview

Robot Software is an Artificial Intelligence (AI) system used to perform autonomous task. It is basically a set of coded system which executes the given commands. Any type of system which incorporates AI is might be called as robot software.

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Robot Software Market: Growth factors

The major aspects driving the growth of the robot software market are adoption of artificial intelligence, reduction of labor cost, increased accuracy, enhanced speed, improved quality and scalability of production. Malware attack on the data by robot is the restraining factor. Robot software market has high opportunities in the small, medium and large scale industries. Data protection and cyber security are the major challenges posed by the market.

Robot Software Market: Segmentation

The robot software market can be segmented on the basis of type, component, end-use, industry verticals and deployment model. Various types of robots used are industrial robots, service robots, mobile robots and others. The component used in robot determines the functionality of the robot it includes processors, software, microcontrollers, sensors, displays, actuators and power supplies. By end use the market can be segmented into task robots, entertainment robots, security and surveillance robots, personal robots and educational robots. The industrial vertical segment comprises of Banking, Financial and Services, Insurance (BFSI), Retail and eCommerce, Government and Defense, healthcare and Life Sciences, Transportation and logistics, Manufacturing, Telecommunications and IT, Academia and research and others (real estate, travel and hospitality).

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Robot Software Market: Regional Analysis

Asia Pacific (APAC) region leads the robot software market. The top countries contributing to the growth are China, Japan, Singapore, South Korea and India. Due to adoption of AI China is in the forefront. North America would grow rapidly due adoption of robotic technology in defense, security and healthcare.

Robot Software Market: Competitive Players

Some of the key competitive players are ABB, Brain Corp, Energid Technologies, Furhat Robotics, Liquid Robotics, Neurala, IBM, NVIDIA, Oxbotica, iRobot corporation among others.

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Robot Software Market: Regional Segment Analysis

North America
The U.S.
The UK
The Asia Pacific
Latin America
The Middle East and Africa