The Business Research Company’s Social Robots Global Market Report 2024is the most detailed report available on the market, including broad forecast periods and multiple geographies. The reportcovers the historic period – 2010-2021, and the forecast period – 2024-2033. The Social Robots Global Market Report 2023evaluates social robots market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global social robots market is expected to grow from$4.26 billion in 2023 to $5.72 billion in 2024 at a compound annual growth rate (CAGR) of 34.1%. The growth in the historic period can be attributed to aging population, healthcare needs, demand for entertainment and leisure, government funding. The social robots market size is expected to see exponential growth in the next few years. It will grow to $18.26 billion in 2028 at a compound annual growth rate (CAGR) of 33.7%.
The growing need for personalized customer experiences across industries drives the social robot market. Customer experience (CX) refers to a consumer’s impressions and feelings from interactions with a brand’s products and services. Social robots can interact with customers and improve their experience by asking them to review the experience and make suggestions. For instance, in June 2022, a survey of more than 2000 US consumers aged 18 to 75 was conducted by Verint, a US-based customer engagement solutions company. 39% of the respondents agreed that they would tell their friends and family not to purchase goods from a company if they had a bad customer experience with that brand. 64% of the respondents had already stopped doing business with such companies. 79% of respondents under 45 agreed that having a good experience on digital platforms was very important. Therefore, the growing need for personalized customer experiences across industries is driving the growth of the social robot market.
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The social robots market segments in the report are:
1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning, Computer Vision, Context Awareness, Natural Language Processing
3) By Industry: Public Utility, Media And Entertainment, Education, Hospitality, Healthcare, Telecommunication, Banking, Financial Services and Insurance (BFSI), Other Industries
The table of contents in TBRC’s social robots market report includes:
1. Executive Summary
2. Social Robots Market Characteristics
3. Social Robots Market Trends And Strategies
4. Social Robots Market – Macro Economic Scenario
5. Impact Of High Inflation On Market
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32. Global Social Robots Market Competitive Benchmarking
33. Global Social Robots Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Social Robots Market
35. Social Robots Market Future Outlook and Potential Analysis
36. Appendix
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