Robot Software Market

Analysis of Robot Software Market, by
Deployment Model, Robot, Software,
Organization Size and Verticals
Increasing use of robots in verticals such as healthcare, telecommunication and IT, and
manufacturing is one of the major driving factors for the market growth. Businesses are
adopting robotics to increase efficiency, for better output and in lesser turnaround time.
This helps enterprises to focus on creative, strategic, and customer-facing roles rather
than manual and repetitive tasks. These factors, in turn, are expected to aid in growth of
robotics software market.
High initial cost is expected to be a major challenge for growth of the market
High initial investment costs for deploying robots is expected to be major challenge for
growth of the market, as SMEs (Small & Medium enterprises) do not have such high
capital for investment.
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Robot software consists of a set of coded commands or instructions that tell a
machine-driven device about the tasks to be performed. This software allows tasks to
perform autonomously. Several software systems and frameworks such open source
frame work and software based framework are available for easing robot programming.
These software also aid in reducing the error rates, etc. for application in various
verticals. Therefore advantages offered by such software is expected to aid in growth of
adoption in various sectors, in turn driving growth of the market.
Robot Software Market: Regional Insights
On the basis of geography, global robot software market is segmented into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is
estimated to hold the largest market share over the forecast period in 2017 in the global
robot software market. Canada and the U.S. are expected to be major growth regions.
The early adoption of technologies in multiple verticals, such as manufacturing,
healthcare, transportation, and logistics. For instance, a group of tiny robots called
Magnetic Microbots used to travel the blood vessels and deliver targeted medication.
The ability of service robots to assist in surgeries and carry out tedious and repetitive
nursing functions will result in its augmented adoption during the forecast period. This
increase in the adoption of service robots will indirectly foster the need for robotic
software platforms will help in directly propel the growth of the robot software market in
this region
Robot Software Market: Competitive Background
Major players in the global robot software market are ABB Robotics, AIBrain, Brain
Corporation, CloudMinds Technologies, Energid Technologies, Furhat Robotics, IBM
Corporation, Liquid Robotics, Neurala Brain Inc., and Oxbotica Inc.. For Instance, May
10, 2016, ABB had acquired SVIA, a leading provider robot automation cells for
machine tending. The acquisition expanded the ABB’s portfolio includes the automotive,
plastics and electronics, such as smart phone manufacturing. Thus, this expansion
offering the benefit both machine OEMs (original equipment manufacturers) and
established CNC (Computer Numeric Control) machine users as well as ABB’s global
network of channel partners.
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Robot software market report categorizes global market by deployment model (On-Premises and On-demand), by robot (Industrial and Service), by software, by organization size, by verticals and by geography.

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