The most exciting when it comes to robotic and related services, is to see that, the robotic improve henceforth our working and living conditions. There is an increasing adoption of robotics in non-traditional sectors like electronics, retail, healthcare, logistics, agriculture, services, education, and government.
The growth in robotic adoption
is driven inter alia by increasing labor costs, shortage of skilled labor, and
an increasing emphasis on repeatable quality in conjunction with a reduction in
prices of robotic systems and strategic national initiatives.
Services-related spending are encompassing
inter alia: applications management, education & training, hardware
deployment, systems integration, and consulting.
According
to International Data
Corporation (IDC) the global spending on robotics and related
services is expected to grow at a compound annual growth rate (CAGR) of 17% from
more than $71 billion in 2015 to $135.4 billion in 2019.
IDC also indicates that, the worldwide
robotics spending is dominated by the discrete and process manufacturing
industries, which represented 33.2% and 30.2% of total spending in 2015,
respectively.
The Asia/Pacific region
including Japan is leading the momentum. Europe, the Middle East, and Africa
(EMEA) can play as the second largest region with expenditures of $14.6 billion
in 2015, followed by the Americas with 2015 spending totals of $9.7 billion.
As per IDC, Robotics spending
will nearly double in Asia/Pacific over the 2015-2019 forecast period, making
it the fastest growing region followed by the Americas.