Global Robotics Software Market Size, Segments, Outlook, and Revenue Forecast 2022-2028

1. Global Robotics Software Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research The Global Robotics Software Market is expected to record a positive CAGR of ~15% during the forecast period (2022-2028) and is expected to reach approximately US$ 15 billion by 2028. Global Robotics Software Market Revenue Historic Growth and Forecast (US$ Bn), 2017–2028 ~US$ 15 Bn by 2028F ~US$ 7 Bn in 2022E ~US$ 3 Bn in 2017 Source: Ken Research Analysis For more information, request a free sample Key Growth Drivers  The investment in various countries by the governments and the high adoption of Robotics Software in various end-user industries is positively impacting the market growth.  Developed markets such as European regions and developing markets such as the Asia- Pacific region are witnessing huge investments by start-ups, and existing large players and governments which are driving the market growth.  Concerns about data privacy and malware attacks along with the high costs associated with the implementation of industrial robots and robotics software are factors that act as constraints for market growth.  Increasing cyber-attacks and robot crimes are major hindrances to the market’s growth. These factors are still a major concern for some end-user industries which are worried by data theft and hence they are taking a cautious approach when it comes to the adoption of robotic software.  The COVID-19 outbreak had a positive impact on the demand for Robotics Software as various companies installed robots to disinfect factory areas as well as it helped them to deliver food to their customers without risking any health-related issues during the pandemic for their employees. Key Trends by Market Segment

2. By Software Type: The Recognition Software segment held the largest market share in the Global Robotics Software Market in 2021. The recognition software in the robots enables them with cognitive ability. This software is integrated behind the robots and helps them to identify an object and give its response accordingly. For more information, request a free sample By Robot Type: The Industrial Robots segment held the larger share of the Global Robotics Software Market in 2021.  The significant growth in demand for industrial robots can be attributed to the fact that they can perform dangerous tasks repeatedly with more accuracy than human beings and have a longer life span to perform such tasks.  These robots also help companies in achieving higher operational efficiency and lowering labor costs which are encouraging more and more organizations to install these robots.  According to data provided by the International Federation of Robotics, a total of 3.5 million industrial robots have been installed worldwide by 2021 with a growth rate of 15% from 2020 and a CAGR of 14% for the five-year period 2016-2021. By Deployment Mode: The On-Demand segment held the larger share of the Global Robotics Software Market in 2021.  The on-demand deployment mode or the cloud-based deployment mode is more adopted because it is a cost-effective method by which the companies are able to save a lot of costs related to data, personnel, software, hardware, and maintenance.

3. By Enterprise Size: The Large Enterprises segment held the larger share of the Global Robotics Software Market in 2021.  The covid-19 pandemic made a lot of large enterprises make changes in their manufacturing facilities and deployed automated robots to mitigate any such risks in the future. Also, as the investment costs are a bit high so large enterprises have been quicker to adapt to such models faster than their small and medium enterprise counterparts. By End-user: The Manufacturing segment held the larger share of the Global Robotics Software Market in 2021.  The rising need for the adoption of automation, shortage of labor for factories, and robot simulation software that is making robotic automation a feasible option for the sector aided by the necessity to complete repetitive hazardous tasks more accurately & safely are the major factors for this segment to dominate the market. By Geography: Asia Pacific accounted for the largest market share in 2021 within the total Global Robotics Software Market.  Asia-Pacific region has some established manufacturing markets in countries such as China, Japan, and South Korea. These countries have been very bullish on innovating and modernizing their existing manufacturing facilities which have seen the large-scale installation of industrial robots. The region is also seeing increasing investments by the governments and many start-ups in robotics software of some countries such as China, India, and Thailand which is going to help the region maintain its dominant position during the forecast period.

4. Major Regions by Revenue Share within Global Robotics Software Market, 2021 Largest Region North America Europe Asia Pacific LAMEA Source: Ken Research Analysis For more information, request a free sample Competitive Landscape The Global Robotics Software Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players. Approximately, the large global players constitute 5%, the regional players 35%, and country- niche players 60% of the market by type of companies operating in the market. Some of the major players in the market include ABB Ltd., Clearpath Robotics, NVIDIA Corporation, CloudMinds Technology, Inc., Liquid Robotics, Inc., Brain Corporation, AIBrain, Inc., Furhat Corporation, Neurala, Inc. and IBM Corporation among others.

5. Competitive Landscape of Global Robotics Software - Estimated Share of Competitors by Type and Porter’s 5 Forces Analysis of Industry Estimated Share of Total Competitors by Type, 2021 Porter’s 5 Forces Analysis of Industry Bargaining Power Of Suppliers: MEDIUM 5% Internal Competitive Rivalry: HIGH Bargaining Power Of Buyers: HIGH 60% 35% Large Global Players Regional Players Country-Niche Players Threat Of New Entrants: HIGH Threat Of Substitutes: MEDIUM Source: Industry Publications, Ken Research Analysis For more information, request a free sample Recent Developments Related to Major and Emerging Companies  In December 2020, ABB launched its Wizard Easy Programming software for industrial robots which does not require any special programming skills and rapid code knowledge. With this software, a robot can be made up and running within a few minutes and it allows error handling such as collisions which can be even managed by an amateur programmer.  In March 2022, Nvidia Corp. launched the Nvidia Jetson AGX Orin developer kit. This is an artificial intelligence supercomputer that is compact, energy-efficient, and targeted towards power autonomous machines and robots. These also help robots to identify, avoid and navigate through obstacles that a robot finds in their pathway.  In November 2022, Brain Corp launched the next generation BrainOS® autonomy platform for autonomous commercial robots. The company has partnered with Flex to deploy its new robotic solutions with an initial focus on retail sector and later rolling out the same to the other commercial sectors. Conclusion The Global Robotics Software Market is forecasted to continue a strong growth that is witnessed during the forecast period. Key trends driving market expansion include demand from end-user industries, growing installation of industrial robots for manufacturing set-ups, adoption of emerging technologies such as the Industrial Internet of Things (IIoT), and growing investments by countries as well as start-ups. The market is highly competitive with ~500 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

6. Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks. Ken Research has recently published report titled,Global Robotics Software Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four major regions’ Robotics Software Market. The revenue used to size and forecast the market for each segment is US$ billion. Market Taxonomy  Recognition Software  Simulation Software  Predictive Maintenance Software  Data Management and Analysis Software  Communication Management Software By Software Type  Industrial Robots  Service Robots By Robot Type  On-Premise  On-Demand By Deployment Mode  Small and Medium Enterprises  Large Enterprises By Enterprise Size  Automotive  Retail and E-commerce  Government and Defense  Healthcare  Transportation and Logistics  Manufacturing  IT and Telecommunications  Others By End User  North America (USA, Canada, and Mexico)  Europe (Germany, UK, France, Spain, and Italy)  Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia)  LAMEA (Latin America, Middle East, and Africa) By Geography

7.  ABB Ltd.  Clearpath Robotics  NVIDIA Corporation  CloudMinds Technology, Inc.  Liquid Robotics, Inc.  Brain Corporation  AIBrain, Inc.  Furhat Corporation  Neurala, Inc.  IBM Corporation Key Players