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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.

Rising demand for robots in various industries is expected to aid in growth of the robotic software market over the forecast period

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.

Robot Software Market: Taxonomy

By Deployment Model:

  • On-premises
  • On-demand

By Robot:

  • Industrial robots
  • Service robots

By Software Type:

  • Recognition software
  • Simulation software
  • Predictive maintenance software 
  • Data management and analysis software
  • Communication management software

By Organization Size:

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises (SMEs)

By Vertical:

  • Banking, Financial Services, and Insurance (BFSI)
  • Retail
  • Government and Defense
  • Healthcare and Life Sciences
  • Transportation and Logistics
  • Manufacturing
  • Telecommunications and IT
  • Others

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.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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