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Robot Controller, Integrator and Software Market worth $12.5 billion by 2028 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Aug. 18, 2023 /PRNewswire/ — The global robot controller, integrator, and software market is expected to be valued at USD 6.3 billion in 2023 and is projected to reach USD 12.5 billion by 2028; it is expected to grow at a CAGR of 14.8% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of the robot controller, integrator, and software market is propelled by rising demand for electronics, e-commerce & logistics, and automotive industries, among others. However, significant technological challenges with respect to cost and interoperability are restraining the growth of the market. 

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Browse in-depth TOC on “Robot Controller, Integrator and Software Market” 

150 – Tables
40 – Figures
210 – Pages

Robot Controller, Integrator and Software Market Report Scope:

Report Coverage

Details

Market Revenue in 2023

$6.3 billion

Estimated Value by 2028

$12.5 billion

Growth Rate

Poised to grow at a CAGR of 14.8%

Market Size Available for

2019–2028

Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Industrial, Service, Software, Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

High Costs associated with integration of robots

Key Market Opportunities

Expansion of e-commerce and logistics industry

Key Market Drivers

Escalated demand for industrial automation in several industries such as automotive, healthcare and electronics

The integrator segment is expected to hold a significant share during the forecast period.

Robotic integrators play a crucial role in the robotics industry, especially while designing and implementing robot controllers. Integrators are companies or individuals who combine various components, technologies, and systems to create functional and optimized robotic solutions for specific applications. With a multidisciplinary approach, robotic integrators leverage expertise in mechanical engineering, electronics, software development, and control systems to design and implement tailored robotic solutions across a wide range of industries and applications. Their services encompass system design, component selection, programming, testing, and ongoing support, streamlining the process of deploying effective robotic systems for tasks ranging from manufacturing and automation to healthcare and logistics. These features positively impact the demand for integrators in the robot controller, integrator, and software industry.

The E-commerce & Logistics segment is projected to witness growth at the highest CAGR during the forecast period.

This is due to the surge in e-commerce transactions, which has created a higher demand for efficient logistics and supply chain solutions. With the growth of e-commerce, supply chains have become more complex, involving multiple suppliers, warehouses, and distribution centers. The robots help manage this complexity by streamlining operations and ensuring seamless coordination. Hence there is increasing demand for robotics in warehouses, fueling the demand for robot controllers, integrators, and software. Additionally, Metal & Machinery is dominating the robot controllers, integrators, and software market owing to the increasing investments in production facilities. Many metal and machinery companies are undergoing modernization to stay competitive in the market. It caters to various sectors and has a global demand, leading to a broad customer base and substantial growth opportunities.

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Asia Pacific holds the largest share of the robot controller, integrator, and software market throughout the forecast period.

Asia Pacific, particularly countries like China, Japan, South Korea, and Taiwan, has established itself as a global manufacturing hub for automotive and electronics. These countries have robust manufacturing infrastructures, advanced technology capabilities, and a vast network of suppliers and manufacturers. The region’s ability to produce robot controllers, integrators, and software efficiently and cost-effectively has contributed to its dominant market share.

The robot controller, integrator, and software companies include significant Tier I and II players like ABB Ltd (Switzerland), FANUC(Japan), Yaskawa Electrics (Japan), KUKA(Germany), Mitsubishi Electric (Japan), Denso (Japan), ACEITA (US), Brain (US), Dynamic Robotics (India), KEBA (Austria) and so on are some of the key players in the robot controller, integrator and software market.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Robotic Vision Market by Type (2D Vision, 3D Vision Systems), Hardware (Cameras, Lighting, Optics, Processors & Controllers, Frame Grabbers), Software(Traditional software, Deep Learning Software), Application, Industry, Region – Global Forecast to 2028

Smart Factory Market by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printers, Machine Vision Systems), Solution (SCADA, MES, Industrial Safety, PAM), Industry (Process Industry, Discrete Industry) and Region – Global Forecast to 2027

Machine Vision Market by Component (Hardware, Software), Deployment (General, Robotic Cells), Product (PC-based Machine Vision System, Smart Camera-based Machine Vision System), End-user Industry, Region – 2027

3D Machine Vision Market with COVID-19 impact Analysis by Offering (Hardware and Software), Product (PC-based and Smart Camera-based), Application, Vertical (Industrial and Non-Industrial) & Geography – Global Forecast till 2025

Smart Manufacturing Market by Information Technology, Enabling Technology, Industry (Process and Discrete) and Geography (North America, Europe, Asia Pacific, Rest of World) (2021-2027)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Email: [email protected]
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MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase

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MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.

MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.

MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.

Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.

Source: crypto.news

The post MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase appeared first on HIPTHER Alerts.

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Pollbits Redefines Crypto Trading Standards with Industry-Leading Features and Services

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PollBits is redefining crypto trading standards with its industry-leading features and services. This platform is making waves in the cryptocurrency trading space by offering innovative solutions and setting new benchmarks for excellence.

PollBits stands out from other crypto trading platforms by introducing cutting-edge features and services that cater to the needs of traders and investors. By prioritizing user experience and functionality, PollBits is enhancing the trading experience and empowering users to make informed decisions in the dynamic cryptocurrency market.

PollBits’ commitment to excellence and innovation is driving its success and setting it apart as a leader in the industry. With its focus on providing industry-leading features and services, PollBits is positioning itself as a go-to platform for traders seeking a reliable and user-friendly trading experience.

Overall, PollBits’ redefinition of crypto trading standards underscores the rapid evolution and maturation of the cryptocurrency industry. As platforms like PollBits continue to push the boundaries of innovation, traders and investors can expect greater accessibility, transparency, and efficiency in cryptocurrency trading, ultimately contributing to the growth and adoption of digital assets worldwide.

Source: cryptonews.com

The post Pollbits Redefines Crypto Trading Standards with Industry-Leading Features and Services appeared first on HIPTHER Alerts.

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Fantasy Metaverse Darklume – Presale is LIVE

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The presale for Fantasy Metaverse Darklume is now live. This development marks a significant milestone for the project, signaling its progression towards launch and the realization of its vision for a fantasy-themed metaverse.

Fantasy Metaverse Darklume aims to create an immersive virtual world inspired by fantasy themes, offering users the opportunity to explore, interact, and engage with others in a digital environment. The presale phase represents an early opportunity for participants to acquire tokens associated with the project, potentially securing access to exclusive benefits or privileges within the metaverse once it is fully operational.

The launch of the presale underscores the growing interest in metaverse projects and their potential to redefine how people interact and socialize in virtual spaces. As the concept of the metaverse continues to gain traction, initiatives like Fantasy Metaverse Darklume are poised to play a significant role in shaping the future of digital experiences and entertainment.

The presale for Fantasy Metaverse Darklume represents an exciting opportunity for investors and enthusiasts to get involved in a promising project at an early stage. As development progresses and the metaverse evolves, participants can look forward to a new realm of immersive experiences and creative possibilities in the digital landscape.

Source: the-blockchain.com

The post Fantasy Metaverse Darklume – Presale is LIVE appeared first on HIPTHER Alerts.

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