Connect with us

Technology

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

Published

on

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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36749574

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.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=36749574

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.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=36749574

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.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/robotic-platform-companies.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/robotic-platform.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/robotic-platform-market-worth-13-0-billion-by-2029—exclusive-report-by-marketsandmarkets-302189875.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

LiftLab Launches PlatformSense: Delivers Real-Time Intelligence That Makes MMMs React Today, Not Next Quarter

Published

on

By

Marketing mix models now respond to what’s happening today, not three months ago.

OAKLAND, Calif., June 18, 2026 /PRNewswire/ — LiftLab, the Full-Funnel MMM and Incrementality Testing platform, announced PlatformSense: a real-time intelligence layer connecting LiftLab’s Agile MMM to live ad platform data for daily updates to channel effectiveness.

With LiftLab’s PlatformSense, Marketing Mix Models now respond to what’s happening today, not three months ago.

Most MMMs rely on historical data to identify effective channels and investment levels. While this is grounded in statistical rigor, it cannot capture real-time changes: a creative losing effectiveness mid-campaign, a competitor eroding auction position, or a seasonal demand shift moving faster than expected.

Marketing teams rely on two separate sources: platform dashboards, which provide speed but lack verifiability, and MMMs, which are credible but slow. As a result, decisions are often instinct-driven. This gap can lead to significant financial loss. Effective spend scales slowly, while inefficient spend persists. According to industry research, 60% of marketing budgets are lost to planning and execution inefficiencies, making every misallocated dollar more consequential.

“MMMs implicitly assume that all impressions are created equal. Most marketers instinctively know this is wrong, so they often override MMM recommendations. PlatformSense changes this by incorporating real-time signals allowing marketers to discern impression quality as it actually varies. This is not just an improvement — it solves a fundamental problem plaguing econometric measurement for decades,” said John Wallace, CEO, LiftLab.

PlatformSense addresses this gap by connecting LiftLab’s MMM to live platform data — click-through rates, conversion rates, and verified spend signals — delivering daily channel effectiveness updates. The long-term model remains grounded in historical data for reliability, and the daily intelligence layer surfaces current insights. The two work together: stable response curves and live performance signals.

The result is sharper, faster decision-making. When a new creative outperforms, PlatformSense detects it within 24 hours, not after the next quarter model refresh. If a channel becomes inefficient, budget recommendations adjust before overspend accumulates. During seasonal peaks and campaign optimization windows, the model reflects current performance, not historical averages. 

PlatformSense is out of beta and available to enterprise omnichannel brands, D2C/eCommerce brands, and next-generation CPGs. To learn more or schedule a demo, visit https://liftlab.com.

About LiftLab

LiftLab is the Full-Funnel MMM and Incrementality Testing platform trusted by category leaders like SKIMS, Pandora, Birkenstock, and Cinemark. LiftLab enables brands to maximize the value of every media dollar by lowering CAC, improving ROAS, and building long-term brand equity on the P&L.

View original content:https://www.prnewswire.com/news-releases/liftlab-launches-platformsense-delivers-real-time-intelligence-that-makes-mmms-react-today-not-next-quarter-302804548.html

SOURCE LiftLab

Continue Reading

Technology

S3 Recycling Solutions expands to 34,000-square-foot facility

Published

on

By

The new California space triples the size of existing location.

FULLERTON, Calif., Jun 18, 2026 /PRNewswire/ — S3 Recycling Solutions, a nationally recognized IT asset disposition (ITAD) company serving clients across North America, announced the expansion of its California operations with the relocation to a new 34,000-square-foot facility at 2350 Artesia Ave in Fullerton. The move triples the company’s existing California footprint and supports increasing demand across the Western United States.

The company expects to complete the transition to the new facility within 60 days.

“This expansion represents a strategic investment in infrastructure, people, and systems to support long-term growth and increasing client demand across the West Coast,” said Rod McDaniel, CEO of S3 Recycling Solutions.

S3 encourages organizations looking for a secure, transparent, and scalable ITAD partner to schedule a pickup today.

The California expansion coincides with several major milestones for S3, including:

the 10-year anniversary of Rod McDaniel’s leadership.the two-year anniversary of S3’s acquisition of iGlobal Asset Management.the 2025 acquisition of assets of ERS in Gallatin, Tenn.S3’s implementation of an enterprise resource planning platform, Makor ERP 2.0. The system unifies operations into a single platform, enabling real-time visibility, improved processing speed, serialized chain-of-custody tracking, and enhanced reporting capabilities for clients while increasing operational efficiency.

The new Fullerton facility will operate as a full-service processing location aligned with S3’s Tennessee operations and is expected to significantly increase processing capacity, improve turnaround times, and support continued client growth throughout healthcare, enterprise, and technology sectors.

S3 plans to pursue R2v3 certification at the new Fullerton facility, with a target completion date in Q2 2027. S3’s Tennessee facility currently maintains R2v3 certification, as well as ISO 9001, ISO 14001, and ISO 45001 certifications, which support quality management systems, environmental responsibility, and employee health and safety standards across the organization.

In 2025, S3 processed more than 500,000 devices across its operations in Tennessee and California. In 2026, S3 is projected to achieve more than 3,000 percent revenue growth since 2016, a benchmark that has been accomplished through acquisitions, operational standardization, technology investments, and enterprise client expansion across North America.

About S3 – S3 is a full-service ITAD firm that helps businesses responsibly and securely manage their electronic and biomed assets. S3 customers reduce the cost of ownership of their assets while receiving the industry’s highest safety and security standards. For more information, visit www.s3rs.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/s3-recycling-solutions-expands-to-34-000-square-foot-facility-302804549.html

SOURCE S3 Recycling Solutions

Continue Reading

Technology

Capital, Policy, Corporates, Connectivity: New Guide Maps the Four Strengths Powering Singapore’s Climate-Tech Ecosystem

Published

on

By

New Venture Climate Alliance guide details how Singapore anchors climate technology commercialization across Southeast Asia — a practical resource for companies, investors, and ecosystem stakeholders, produced through the philanthropic HSBC-supported Innovation Scaling Initiative

SAN FRANCISCO, June 18, 2026 /PRNewswire/ — Today the Venture Climate Alliance (VCA) has launched the Singapore Climate Technology Ecosystem Guide, a practical resource designed to help climate technology companies, investors, and ecosystem stakeholders navigate one of the world’s most important growth markets for climate innovation and regional expansion.

Developed through VCA’s Innovation Scaling Initiative and supported by HSBC, the guide provides insights into Singapore’s climate technology ecosystem, including the capital stack, policy and regulatory frameworks, corporate landscape, and pathways for expansion across Southeast Asia.

As climate technologies move beyond innovation toward commercial deployment, founders and investors increasingly face questions about where to establish regional operations, access customers, attract capital, and scale solutions. The guide aims to address these questions by providing practical intelligence on Singapore’s role as a platform for climate technology commercialization and regional growth.

The research draws on more than 200 publicly available sources, interviews, and insights from ecosystem leaders across government, investment, corporate, and startup communities.

“HSBC is proud to support the Venture Climate Alliance’s practical guide for climate tech start-ups and investors entering the Singapore market and beyond. Too often progress is slowed by market complexity—policy nuance, fragmented demand, partnership dependencies, access to capital and perceived and actual risk —rather than technology. This report turns ecosystem insight into actionable guidance to reduce friction and help innovators scale from pilots to deployment.”

Kiran Sura, Global Head of Sustainability Partnerships, HSBC

“Climate technology is at an inflection point; the solutions exist but scaling them into new markets remains one of the sector’s greatest challenges. Southeast Asia is a standout global growth opportunity combining urgent need, rising demand, and an increasingly sophisticated capital ecosystem. Singapore sits at the heart of this, offering the stability, connectivity, and financial infrastructure innovators need to move from validation to large-scale deployment. Guides like this help turn ecosystem complexity into actionable insight, helping founders and investors to make faster, better-informed decisions about where and how to grow.”

Thomas Miles, Senior Manager, Sustainable Finance & Transition, Climate Tech, HSBC

“Across the ecosystem, we heard a common challenge: companies don’t just need capital. They need the partners, policy support, corporate demand, and regional connections that must come together for a solution to scale. Singapore’s strength lies in how it brings these elements together within a highly connected ecosystem. This guide was developed to help founders, investors, and ecosystem stakeholders better understand that landscape and identify practical pathways for commercialization and regional expansion across Southeast Asia.”

Kate Costaris, Venture Climate Alliance

The guide identifies four key strengths that position Singapore at the center of climate technology commercialization across Southeast Asia:

Access to capital through a deep ecosystem of venture capital, growth investors, institutional capital, blended finance vehicles, and government-supported funding programs. Singapore accounts for over half of ASEAN’s green, social, sustainability, and sustainability-linked bond and loan issuance.A coordinated policy environment that provides regulatory clarity and long-term support for climate innovation and deploymentDense corporate networks that create opportunities for pilot projects, commercial partnerships, and customer acquisitionStrategic regional connectivity that enables companies to coordinate growth and deployment across Southeast Asia

The release marks the first in a planned series of Innovation Scaling Initiative market guides exploring key growth climate technology markets globally.

The full guide is available here: https://ventureclimatealliance.org/resources/singapore-guide

About Venture Climate Alliance

The Venture Climate Alliance (VCA) is a global non-profit network of leading venture capital firms that provides general partners and portfolio companies with practical tools, market intelligence, support, and connections to help identify opportunities arising from the transition to a low-carbon economy and navigate climate-related risks. Founded by VCs for VCs, the VCA membership represents more than US$60 billion in assets under management. The VCA helps its members shape best practices, address ecosystem-wide challenges, and embed commercially relevant, climate-aligned strategies within portfolios from day one.

About the Innovation Scaling Initiative

The Innovation Scaling Initiative (ISI) is a two-year program designed to accelerate the commercialization and deployment of climate technologies. Philanthropically sponsored by HSBC and delivered by Venture Climate Alliance in close collaboration with its members, ecosystem partners, and Node, the initiative works to address critical scaling barriers facing climate technology companies through research, ecosystem engagement, market intelligence, and strategic convening.

About HSBC

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,306bn at 31 March 2026, HSBC is one of the world’s largest banking and financial services organisations.

View original content to download multimedia:https://www.prnewswire.com/news-releases/capital-policy-corporates-connectivity-new-guide-maps-the-four-strengths-powering-singapores-climate-tech-ecosystem-302804550.html

SOURCE Venture Climate Alliance (VCA)

Continue Reading

Trending