Robot Software Market – Growth, Trends, COVID-19 Impact, and

The Robot Software market is expected to register a CAGR of 16. 27% during the forecast period (2021 – 2026). Robot software is an AI-enabled system used to guide the functions the robot performs. It is a set of coded instructions which executes the functions of a robot.

New York, Nov. 18, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Robot Software Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06184960/?utm_source=GNW

Key Highlights
Robot software enables functions for enhanced intelligence, motion, safety, and productivity, and gives the power to make the robots see, feel, learn, and maintain security. These features and benefits allow users to quickly and easily get their robots up and running at maximum productivity.
The major factors driving the growth of the robot software market are the adoption of artificial intelligence, reduction of labor cost, increased accuracy, enhanced speed, improved quality, and scalability of production. The robot software market has huge opportunities in the small, medium, and large-scale industries.
Growing adoption of robots across various end-user industries such as manufacturing, electrical and electronics, food & beverage, automotive, and process controls are seen as primary growth drivers for the robotics software platforms market over the forecast timeline. The growing utilization of robots in varied end-user industries helps in meeting customized demand while simultaneously helping lower labor costs.
However, data security and increasing cyberattacks are hindering market growth. Also, increasing robot crimes are hindering the adoption of robots in various sectors, thus decreasing the prospects of robot software adoption. Also, the lack of skilled expertise is one of the major restraining factors for this market.

Key Market Trends

Industrial Robots to Have the Majority Application

With the advent of technologies like the Industrial Internet of Things (IIoT) vital to the smart factory concept coupled with Industry 4.0, industrial robot adoption is increasing across the manufacturing industries. An industrial robot is generally used in place of human laborers to perform dangerous or repetitive tasks with a high degree of accuracy.
To make the robots perform efficiently with the accuracy of the utmost importance, a software system known as robot software is essential to operate the robots according to the needs of the manufacturers.
This software is an extension of human capability. It reflects the human vision that gets keener with every generation and every technological leap. With the enormous growth of robotics in the industrial sector, the need for robotic software is also increasing substantially.
According to IFR, the annual sales volume of industrial robots increased by 114% over the last five years (2013-2017). Also, from a regional perspective, although the robot sales declined in the Asia-Pacific region in…