A recent press release by International Data Corporation (IDC) has forecast that global spend on robotics and associated services are expected to increase from $71 billion (B) to over $135B in 2019, a 17 percent CAGR (compound annual growth rate). Robotics is one of Innovation Accelerators (coined by IDC) for the future. The other “accelerators”mentioned are: Augmented & Virtual Reality, Cognitive Systems, Internet of Things (IoT), Next Gen Security, and 3D Printing.
Figure 1: Sony’s AIBO (Artificial Intelligence RoBOt) Dog
This forecast includes global spending on robotics systems that includes consumer, industrial, and service robots. Although it is expected to grow over $31B in 2019, the services-related spend that includes consulting, education, training, systems integration will grow over $32B becoming the largest and fastest-growing area of robotics spending even beyond the spend on servers/storage and software.
Once again, consulting agencies are forecasting strong growth in another STEM industry that will appeal to those that want to help better humanity.
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