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Robotic Platform Market worth $13.0 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, July 5, 2024 /PRNewswire/ — The Robotic platform market is projected to grow from USD 9.8 billion in 2024 and is estimated to reach USD 13.0 billion by 2029; it is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the Robotic platform market is driven by increasing government investments in Robotics Research & Development, Accelerated adoption of robotic software by SMEs to minimize labor and energy expenses, Increasing adoption of cloud-based robotic software solutions, Adoption of service robots in medical applications; Adoption of Autonomous Mobile Robots (AMRs) in warehouse and logistics sectors.

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Browse in-depth TOC on “Robotic Platform Market” 
200 – Tables
75 – Figures
300 – Pages

Robotic Platform Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 9.8 billion

Estimated Value by 2029

$ 13.0 billion

Growth Rate

Poised to grow at a CAGR of 5.9%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Robot, Deployment, Type, End-user Industry, and Region

Geographies Covered

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

Key Market Challenge

Concerns about data security and increasing cyberattacks

Key Market Opportunities

The rapid adoption of robotics by the industrial and manufacturing sector

Key Market Drivers

Increasing Government Investments in Robotics Research & Development

By Robot, Service Robots segment is projected to grow at a high CAGR of Robotic platform market during the forecast period.

The adoption of robotic software platforms in service robots is accelerating, driven by the growing demand for automation across various sectors such as healthcare, hospitality, logistics, and domestic applications. Service robots are mainly designed to perform tasks that assist humans in non-manufacturing environments, and the integration of advanced software platforms is crucial to enhancing their capabilities. These platforms provide essential functionalities such as natural language processing, machine learning, and advanced navigation, enabling robots to interact more intelligently and intuitively with their surroundings and users. In the healthcare sector, service robots equipped with sophisticated software are increasingly used for tasks like patient care, surgery assistance, and medical supply delivery. The global pandemic has further spurred the need for such robots, highlighting the importance of contactless services and remote operations. Similarly, robots powered by advanced software platforms transform operations by optimizing inventory management, automating order fulfillment, and streamlining supply chains in logistics and warehousing. The rapid growth of e-commerce has mainly boosted the demand for these solutions, with companies investing heavily in robotic automation to improve efficiency and reduce costs.

On-Cloud segment in deployment will account for highest CAGR during the forecast period.

Cloud-based deployment, where robotic software platforms are delivered via a provider’s infrastructure, is gaining traction due to its many advantages. This model eliminates the need for companies to manage their own servers, offering benefits like cost savings, scalability, and remote access. Industries like manufacturing and healthcare leverage this for real-time control of robots in areas like surgery and logistics. Retail, finance, and education also benefit from cloud-based robotic software for inventory management, fraud detection, and STEM education tasks.

Mobile type segment in Robotic platform market will hold for highest CAGR during the forecast period.

Mobile robots stand at the crossroads of robotics and information engineering, representing a revolutionary class of machines with mobility capabilities that empower them to navigate diverse environments independently or with minimal human intervention. Unlike static robots, mobile robots integrate a blend of hardware and software that revolutionizes human engagement with automation. Key components of mobile robots encompass controllers, sensors, actuators, and power sources. Controllers, typically microprocessors or computers, serve as the robot’s central processing unit, interpreting sensor inputs and directing movement commands. Sensors, including cameras for visual data, LiDAR for three-dimensional perception, and ultrasonic sensors for obstacle detection, act as the robot’s sensory system. Actuators, often electric motors propelling wheels, treads, or legs, enable physical movement. The power supply, ranging from batteries to wired connections, fuels the robot’s functionalities. The pivotal element driving mobile robots is their advanced software platforms, orchestrating tasks like motion planning, localization, mapping, sensor integration, and behavior regulation. These platforms ensure seamless navigation and effective interaction with the surrounding environment.

Residential in end-user industry segment in Robotic platform industry account for the highest CAGR during the forecast timeline

Robotic software platforms are crucial for developing and operating security and surveillance robots, addressing major security concerns for homeowners. These robots integrated with cameras and sensors, can patrol properties, detect unusual activities, and alert homeowners or security services in real time. They are integrated with other smart home devices, allowing for coordinated responses, such as locking doors or activating alarms, enhancing the overall security infrastructure. Additionally, these platforms power personal assistant robots that perform various tasks to aid residents, including providing reminders, controlling other smart devices, assisting with communication, and even offering companionship. Advanced AI capabilities enable these robots to learn from user interactions, improving their functionality and making them more intuitive and helpful over time. In elderly and disabled care, robotic software platforms make significant strides, with robots assisting with daily activities, such as medication reminders, mobility assistance, and emergency responses, to ensure safety and well-being of individuals.

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Asia Pacific will account for the highest CAGR during the forecast period.

The Asia Pacific region has embraced automation technologies to address labor shortages, improve production quality, and increase operational efficiency. Robotic platforms, with their ability to work safely alongside human workers, have gained traction in various automotive, electronics, semiconductors, and logistics industries. The increasing acceptance of robotic platforms among small and medium-sized enterprises (SMEs) is noteworthy, further driving their integration into manufacturing. Government initiatives such as funding support, tax incentives, and skill development programs actively bolster robotic platform development and adoption across industries. While the Asia Pacific region leads in robotic platform deployment, the market’s evolving dynamics hint at substantial growth opportunities in other regions.

Key Players

Key companies operating in the Robotic platform companies are IBM (US), NVIDIA Corporation (US), Amazon.com (US), Google Inc. (US), Microsoft (US), ABB (Switzerland), KUKA AG (Germany), Universal Robots A/S (Denmark), KEBA (Austria), and Dassault Systèmes (France), among others.

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

Related Reports: 

Industrial Robotics Market Size, Share and Industry Growth Analysis Report & Statistics by Type (Traditional, Collaborative), Component, Payload (Upto 16.00 Kg, 16.01-60.00 Kg, 60.01-225.00 Kg, More than 225 Kg), Application (Handling, Dispensing, Processing), End Use Industry and Region – Global Forecast to 2028

Service Robotics Market Size, Share & Industry Trends Analysis Report by Environment (Aerial, Ground, Marine), Type (Professional, Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education) and Region – Global Forecast to 2028

Robot End Effector Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Grippers, Welding Guns, Tool Changer, Clamps, Suction Cups, Deburring, Soldering, Milling, & Painting Tools), Robot Type (Traditional, Collaborative), Application, Industry & Region – Global Growth Driver and Industry Forecast to 2028

Collaborative Robot Market Size, Share, Statistics and Industry Growth Analysis Report by Payload (Up to 5 kg, 5-10 kg, 10-25 kg, & More than 25 kg), Application (Handling, Assembling & Disassembling, Dispensing), Industry (Automotive, Electronics, Metals & Machining) & Region – Global Growth Driver and Industry Forecast to 2030

Household Robots Market Size, Share & Industry Trends Analysis Report by Offering, Type (Domestic, Entertainment & Leisure), Distribution Channel, Application (Vacuuming, Lawn Mowing, Companionship, Elderly and Handicap Assistance, Robot Toys and Hobby Systems) and Region – Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

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.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

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.

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This year’s 22nd Latinas & Power Symposium to Feature a Powerful line-up of Speakers that includes a Latina Billionaire Entrepreneur, a Latina actress and influential Latina leaders

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The Event will also now serve as fundraiser for its ‘Latinas in Leadership Institute’

HARTFORD, Conn., May 14, 2025 /PRNewswire/ — The 22nd Annual Latinas & Power Symposium boasts a powerful line-up of Latina speakers from across the country as well as inspiring local figures. Together, they will deliver a compelling message of inspiration and resilience, encouraging attendees to transcend boundaries and embrace their potential. This dynamic gathering aims providing tools and resources that enable Latinas to rise beyond limits, cultivating a lasting sense of community that endures well beyond the symposium.

This year, the Symposium has expanded its mission to include serving as a fundraising platform for the organization’s ‘Latina Leadership Institute’ (LiLi). A portion of the proceeds from the day’s events and activities will provide scholarships for participants who wish to join the program but face financial barriers.

With a theme of ‘Beyond Limits, Resilience, Confidence and Inspiring Leadership’ the Symposium will take place May 29th in Hartford at the Connecticut Convention Center and will be recorded for their YouTube channel.

Latinas & Power Corp. CEO, Marilyn Alverio stated, “The Symposium attracts an estimated 700 Latinas yearly from across Connecticut and surrounding states and during the past few years we’ve had attendees joining us from Miami, Chicago and Los Angeles. It is clear there is a need for these types of events where Latinas on a career track, entrepreneurs and our allies’ benefit from a unique platform for networking and collaboration. Attendees can look forward to a day filled with inspiring speakers, engaging panels, five breakout sessions, and this year the vendor marketplace sold out weeks in advance, featuring 40+ vendors”.

The annual and dynamic Latina Power Panel will tackle the critical issue of Latina underrepresentation across various sectors in the U.S. This engaging discussion will draw insights from the latest Lean In report, “The State of Latinas in Corporate America,” and will feature:

Carolyn Aronson, who is of Puerto Rican descent and the Founder & CEO of ‘It’s A Ten” a global hair product brand.Lisa Vidal, an American actor who has starred numerous films, Lifetime and BET drama series and founder of Hollywood based Latinas Acting Up.Elizabeth Flores. VP of News @ NBC10-Telemundo62, Philadelphia-NBC Universal-Comcast.Daisy Auger Dominguez. Author, Public Speaker. Cross Sector Global leader.

Additional National speakers are:

Theresa Gonzales, CEO of Latinasb2b.marketing and the Latinas from The Block to The Boardroom Podcast.Ellie Nieves, President & CEO of Leadership Strategies for Women.

Local Leaders
Connecticut’s own inspirational Latina Speakers include Yvette Melendez, President and Founder of YMR Consulting, Madeline Negron, Superintendent, New Haven Public Schools, Maly Rosado, Founder of Connecticut Latinas in Politics (CLIP) and Migdalia Cruz, Lead Volunteer – State and National, AARP. Joining them is Larisa Kottke, CEO Leadership Greater Hartford and Tanu Rishi, Financial Literacy Educator and Founder of FiWe (Financial Wellness).

The Latinas in Leadership Institute is a dynamic virtual platform that provides a comprehensive six-month certificate program aimed at developing leadership and advocacy skills. Beginning with a three-day retreat to build community, participants engage in facilitator-led coursework, assess their individual strengths, and learn from subject matter experts on social justice issues affecting the Latino community. Throughout the program, participants explore their personal leadership and communication styles, as well as their inclusive leadership approaches. This holistic training provides tools and resources that enable them to become more effective leaders and managers, positioning them for future growth opportunities.

The Institute’s program provides an enriching 12-week series of sessions focused on cultivating a growth mindset, embracing authenticity, enhancing leadership influence, and fostering civic engagement. Throughout the program, participants will benefit from expert speakers covering essential topics such as negotiation skills and personal branding on LinkedIn. The program concludes with a comprehensive three-month capstone research project, exploring critical areas like financial literacy and wealth management, educational disparities, and health equity.

The highly successful LiLi program is currently in its 4th cohort, to date 58 Latinas from all career levels have participated. For more details and to apply, please visit the link below:

https://www.latinasandpower.com/institute/latinas-in-leadership/about-lili

As we have since our first Symposium in 2004, we are inviting 100 high school students from under-resourced schools. This year, the students will be joining us from Wallingford, New Britain, Waterbury and New Haven.

A special thank you goes out to our title sponsor, Liberty Bank and our presenting sponsors: AARP, It’s A 10, Travelers and CT Public Television.

About Latinas & Power and its programs

Latinas & Power was Founded in 2004 as a network of like-minded Latinas searching a place where they could connect from a cultural and background perspective. The first Latinas & Power Symposium held that same year, became an annual event. For the past 22 years, the event has made a significant impact on thousands of Latina professionals nationwide by emphasizing skills development, success strategies, entrepreneurship, and personal growth. The organization achieves its mission through four core programs

The Latina Leadership Institute – A comprehensive program designed to cultivate leadership skills among Latina professionals.The Annual Symposium – A flagship event that brings together Latina leaders and aspiring professionals for networking, learning, and empowerment.La Mesa Latina – An online community that connects Latinas across the country to discuss relevant topics, share insights on products and services, identify job opportunities, and provide small business owners with a platform to promote their offerings through La Marqueta, a virtual marketplace.Latina & Power Webinars – Engaging online sessions focused on leveraging social media for professional growth and business success.

Through these initiatives, the Latinas & Power Symposium continues to foster a supportive environment that elevates the Latina experience and inspires them to continue thriving in their careers and communities.

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SOURCE Latinas & Power Corp

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TARA Media and Triton Digital Partner to Enhance Programmatic Audio Advertising

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Adding Programmatic Audio to TARA Media Buying Platform Optimizes Advertisers’ Access to Streaming Audio Inventory

CHICAGO, May 14, 2025 /PRNewswire/ — As advertisers seek to capitalize on the growth of streaming audio, TARA Media, a full service, data-driven marketing agency, is excited to announce its integration with Triton Digital, the global technology and services leader in the digital audio, podcast, and broadcast radio industries. The partnership expands programmatic audio advertising for marketers and advertisers within the TARA Media Buying Platform enhancing strategic omnichannel capabilities.

“Triton Digital is an audio media market leader and we are proud to offer TARA Media’s brand and agency clients unique access to Triton’s programmatic audio inventory alongside other programmatic media channels while maintain household level-targeting within the platform,” said Jeffrey Kaplan, CEO of TARA Media. “This helps streamline media buying for advertisers eliminating the need to go multiple suppliers for each media channel.”

TARA Media’s robust Media Buying Platform maximizes advertiser transparency, precision and performance across multiple channels—including CTV, OTT, Online Video, Display, and Native advertising—with advanced targeting and data-driven insights.

“The power of audio in today’s media market is only growing as advertisers want network-level access to the leading audio inventory,” said Rebecca Dalby, VP of Demand at Triton Digital. “We are excited to enable TARA Media to connect its brand and agency clients with direct access to high-quality, brand-safe audio inventory as a part of their omnichannel media buying platform.”

About Triton Digital 
Triton Digital® is the global technology and services leader to the digital audio, podcast, and broadcast radio industries. Operating in more than 80 countries, Triton provides innovative technology that enables broadcasters, podcasters, and online music services to build their audience, maximize revenue, and streamline their day-to-day operations. In addition, Triton powers the global online audio industry with Webcast Metrics®, the leading streaming audio measurement service and Podcast Metrics, one of the first IAB certified podcast measurement services in the industry. With unparalleled integrity, excellence, teamwork, and accountability, Triton remains committed to connecting audio, audience, and advertisers to continuously fuel the growth of the global audio industry. For more information, visit www.TritonDigital.com.

About TARA Media
TARA Media Strategies is a full-service marketing agency that taps into a unique combination of technology, data and media expertise to design and execute outcome-driven digital media campaigns for agencies, brands and nonprofits. Helping navigate today’s complex marketing ecosystem, TARA Media’s digital ad programs fuel growth through creative campaigns built on comprehensive audience data and executed through a proprietary all-in-one media buying platform that offers unrivaled affordability, speed and transparency. Founded in 2017, TARA Media is a business-unit of holding company TARA Group. For more information, visit www.tara.media.

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SOURCE TARA Media

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Teamwork Commerce’s Clint Ridenour to Speak at Future Stores 2025

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TAMPA, Fla., May 14, 2025 /PRNewswire/ — Teamwork Commerce, a global retail management and leading omnichannel solution, has today announced that Clint Ridenour, Technical Services Director and Client Success Manager, will be speaking at Future Stores 2025, featured on the event’s day one panel, Making the Store Your Best Customer Engagement Tool. The session takes place on June 4, 11:20am11:50am at the event. With a deep history of driving retail customer success through technology, Clint will discuss the importance of showcasing brands through store design, boosting customer engagement and creating meaningful interactions.

“I focus on helping retailers turn complex challenges into actionable strategies that drive measurable results.”

Future Stores 2025 focuses on bridging digital and in-store experiences. The event will feature case studies, panels, and tech demonstrations, exploring experiential retail, omnichannel strategy, and cutting-edge store design. The event brings together senior retail executives to explore the evolving role of physical stores, with a range of high-profile speakers from some of the world’s biggest retailers and technology companies.

Physical retail isn’t just about transactions. It is about experiences. Featured on the panel alongside fellow retail thought leaders, Clint will explore how successful retailers use their stores to immerse customers in the brand and create a seamless journey through omnichannel integrations. He will highlight the importance of fostering a sense of community within stores to understand what consumers want, and the role in which Teamwork Commerce plays in the transformation for meaningful customer interactions.

Clint Ridenour, Technical Services Director and Client Success Manager, Teamwork Commerce said: “My true passion lies in bridging the gap between retail operations and cutting-edge technology solutions that not only meet but exceed client expectations. I focus on helping retailers turn complex challenges into actionable strategies that drive measurable results. I’m looking forward to sharing my knowledge and insights during the Future Stores panel to empower and uplift retailers in their operational physical store strategies.”

The Teamwork Commerce solution is a powerful, unified technology stack designed to empower retailers worldwide and meet the needs of the ever-changing retail landscape. Teamwork Commerce will be located at booth 7 featuring its RFID-Powered Self-Checkout and Enterprise Point-of-Sale (POS) and Order Management System (OMS). Teamwork Commerce’s RFID-Powered Self-Checkout solution allows customers to complete their checkout transactions within seconds, automatically scanning items with unparalleled accuracy. This enables retailers to delivery top-tier customer experiences and enhance consumer satisfaction.

About Teamwork Commerce
Teamwork Commerce is a flexible tech stack for retailers that includes POS, OMS, Clienteling, Inventory Control and Reporting – a cloud-based system that is constantly evolving to provide cutting-edge technology to meet the needs of the ever-changing retail landscape. With Teamwork’s omnichannel solution, retailers gain a deeper understanding of their customers to provide personalised experiences through invisible technology. Trusted by top retailers globally including Moose Knuckles, Colorado Rockies, Asics, Milwaukee Bucks, Catbird and Paul Stuart. Learn more at https://www.teamworkcommerce.com/

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SOURCE Teamwork Commerce

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