Robotic Software Market Analysis

Robotic Software Market Analysis

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Based on the robot type, the market is segmented into industrial robot and service robot. The industrial robot segment dominated the global market with a share of over 50% in 2023.

• Various manufacturing sectors are undergoing automation to enhance efficiency, productivity, and quality while reducing operational costs. Industrial robots, driven by sophisticated software, are at the heart of this transformation, performing tasks, ranging from assembly and welding to painting and inspection, with precision and consistency.

   

• The shift toward customized and small-batch production in response to changing consumer preferences requires manufacturing processes to be more flexible and adaptable. Industrial robots, powered by versatile and reconfigurable software, can quickly adapt to new tasks and production requirements, making them invaluable in meeting these demands.

Based on the deployment mode, the market is divided into on-premises and cloud-based. The cloud-based segment is expected to register a CAGR of over 20% during the forecast period.

• Cloud-based robotic software offers unparalleled flexibility, allowing businesses to easily scale their robotic operations up or down based on current needs. This is particularly beneficial for companies with fluctuating workloads or those in growth phases, as it eliminates the need for significant upfront investments in infrastructure.

   

• Cloud platforms can process and analyze vast amounts of data generated by robotic systems, enabling advanced analytics and AI-driven insights. This can lead to improved decision-making, predictive maintenance, and optimization of robotic workflows.

Asia Pacific robotic software market is expected to grow at a CAGR of over 10% through 2032. The region has become a hub for technological innovations and research & development in robotics. Countries including Japan and South Korea are known for their advancements in robotics technology, contributing to the development of cutting-edge software solutions that cater to a range of industrial and service applications. Governments across the region are actively promoting the adoption of advanced technologies including robotics and automation through various initiatives and investments. In April 2021, the "New Robot Strategy" in Japan included plans to make the country the world's leading robot innovation hub. The Japanese government contributed over USD 930.5 million in 2022. A budget of USD 440 million was allocated to robotics-related projects in the “Moonshot Research & Development Program” over five years from 2020 to 2025.