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The International Federation of Robotics (IFR), Germany, released its annual World Robotics Report, which showed an annual global sales value of $16.5 billion in 2018.
Robotic process automation (RPA) software revenue grew 63.1% in 2018 to $846 million, and is expected to bring in revenue reaching $1.3 billion in 2019, making it the fastest-growing segment of the global enterprise software market, according to Gartner, Inc., Stamford, Conn.
By 2025, over 4 million commercial robots will be installed in over 50,000 warehouses, up from just under 4,000 robotic warehouses in 2018, according to “Robotics in E-commerce Fulfillment,” a study produced by ABI Research, New York.
Robots shipped to North American companies in record numbers last year, according to a study released by Robotic Industries Association (RIA), Ann Arbor, Mich., in part with the Association for Advancing Automation (A3), Ann Arbor, Mich.
Honeywell, Morris Plains, N.J., announced a strategic collaboration with Carnegie Mellon University, Pittsburgh, Pa., to advance artificial intelligence (AI) and robotic technologies to help distribution centers address rapid growth in e-commerce.
The research reveals RPA budgets in Europe increased on average by 9% in the last year, significantly ahead of the average increase for general IT spending.
Advanced business use of robotic process automation (RPA) is expected to double in Europe by 2020, as companies seek to improve customer experience and streamline finance operations, according to new research from Information Services Group (ISG), Stamford, Conn.
The demand for robots and the supply of matured robotic solutions for the optimization of logistics processes have created a tipping point that, according to a new report from Tractica, Boulder, Colo., could lead to widespread acceptance and presence of robots in warehouses and logistics operations.
The global food robotics market will grow at a CAGR of 12.5% from 2017 to 2022 to reach $2,159.3 million by 2022, according to a report published by Meticulous Research, UK.
Robotic food manufacturing is a rising trend in the food industry. The ROBOTS Association, Switzerland, introduced six robotic applications in food processing.