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Robotic Software Market Trends

  • Report ID: GMI8296
  • Published Date: Feb 2024
  • Report Format: PDF

Robotic Software Market Trends

Artificial Intelligence (AI) and Machine Learning (ML) are being increasingly integrated into robotic software to improve decision-making, object recognition, and adaptability in dynamic environments. This integration allows robots to learn from their operations, improve their efficiency & effectiveness over time, make decisions, and perform complex tasks. This trend is enabling more autonomous and intelligent robotic systems that can adapt to changing conditions and perform a wider range of functions.

There is a growing emphasis on developing robotic software that facilitates safe & effective collaboration between humans and robots. Collaborative robots (cobots) equipped with intuitive software enable seamless interaction and cooperation with human workers, enhancing productivity and safety in various industries. As robots become more connected and integrated into critical operations, ensuring the security of robotic systems and the data they handle is becoming paramount. This has led to a greater emphasis on developing robust cybersecurity measures within robotic software to protect against hacking, data breaches, and other cyber threats.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for robotic software crossed USD 13.5 billion in 2023 and is expected to register over 20% CAGR from 2024-2032 owing to the increased automation across industries and businesses striving to enhance efficiency, productivity, and competitiveness worldwide.

Robotic software industry from the cloud-based segment is expected to register over 20% CAGR from 2024-2032 due to offering unparalleled flexibility, allowing businesses to easily scale their robotic operations up or down based on current needs.

Asia Pacific industry for robotic software is expected to register over 10% CAGR from 2024-2032 due to the region becoming a hub for technological innovations and research & development in robotics.

ABB Ltd, Clearpath Robotics, NVIDIA Corporation, Universal Robots A/S, Dassault Systèmes, CloudMinds Technology Inc., and IBM Corporation, are some of the major robotic software companies worldwide.

Robotic Software Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 405
  • Countries covered: 21
  • Pages: 250
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