Global Robot Software Market to Reach $62.2 Billion by 2030
The global market for Robot Software estimated at US$13.4 Billion in the year 2023, is expected to reach US$62.2 Billion by 2030, growing at a CAGR of 24.5% over the analysis period 2023-2030. Data Management & Analysis Software, one of the segments analyzed in the report, is expected to record a 27.6% CAGR and reach US$29 Billion by the end of the analysis period. Growth in the Recognition Software segment is estimated at 21.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 23.6% CAGR
The Robot Software market in the U.S. is estimated at US$4.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.4 Billion by the year 2030 trailing a CAGR of 23.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.7% and 20.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 16.6% CAGR.
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