The robot market prediction by IDC for 2017 and further

With the artificial intelligence tools such as speech recognition and video analytics giving a huge boost to the growth of robot market, the robots are getting smarter and more capable. With the volumes going up the cast also expected to fall. "Technological development in artificial intelligence, computer vision, navigation, MEMS sensor, and semiconductor technologies continue to drive innovation in the capability, performance, autonomy, ease of use, and cost-effectiveness of industrial and service robots," says Dr. Jing Bing Zhang, Research Director, Worldwide Robotics and Asia Pacific Manufacturing Insights, IDC Asia/Pacific. To market researcher IDC has forecasted/predicted the below-market future trends in the robot market: 1. IDC predicts 35% of leading organizations in logistics, health, utilities, and resources will explore the use of robots to automate operations by 2019 Below are the top 10 predictions by IDC: Prediction 1: Robot as a Service. By 2019, 30% of commercial service robotic applications will be in the form of a "Robot as a Service" business model, reducing costs for robot deployment. Prediction 2: Chief Robotics Officer. By 2019, 30% of leading organizations will implement a chief robotics officer role and/or define a robotics-specific function within the business. Prediction 3: Evolving Competitive Landscape. By 2020, companies will h...