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Robot Software Industry: Everything that Humans need to know | Market Prediction by 2022
The Global Robot Software Market is expected to grow from USD 1,142.2 Million in 2017 to USD 7,527.1 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 45.8%.
The key factor that drives the robot software market is the requirement to mitigate labor costs. Implementing robotics provides an opportunity to improve a business process. Moreover, robots are scalable, thus can be operated throughout the day with full efficiency and offer maximum flexibility to cover peak periods, especially at month-end. Further, the costs associated with hiring an employee are reduced due to replacement of processes by robots. In addition, error rates are reduced, which helps increase customer satisfaction.• Transportation and logistics vertical is expected to grow at the highest CAGR during the forecast period which is 2017 to 2022
• The Communication Management Software type is expected to grow at the highest CAGR during the forecast period which is 2017 to 2022
• The communication management software type is expected to grow at the highest CAGR during the forecast period which is 2017 to 2022
The Communication Management Software provides functionalities, which enable organizations to record and track internal and external communications to streamline the communication process. The market for communication management software is expected to grow at the highest CAGR
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