Global Reception Robotics Market to grow at 66.2%

July 9, 2020, Valsad, India – According to the research study published by Evolve Business Intelligence, the reception robotics market is anticipated to grow at a CAGR of 66.2% from 2020 to 2027. The reception robotics market is expected to reach $12.6 billion by 2027. Some of the major factor impacting the overall growth of reception robotic market growth include, government initiative for development of humanoids, growing need for specialized receptionist in healthcare sector, increasing use of automation to reduce the variable cost.

According to EBI Analysis, “the recent COVID scenario is expected to provide a much-needed push for the adoption of robotics in the coming years. Reception robotics is one of the major robotics categories that may witness high growth due to increasing adoption of several norms of social distancing in the workplaces worldwide have started following.”

Softbank Robotics to hold the highest market share in Reception Robotics

The reception robotics market is a very niche market segment in the overall robotics industry with a, few players such as Softbank Robotics, Engineered Arts Ltd., UBTECH Robotics, and WYCA Robotics offering products. Softbank Robotics is anticipated to hold the highest market share with its offering Pepper and Nao leading the market in terms of revenue generation in reception robotics market.

The reception robotics market report published today include market revenue generated through the sale of robot and robot-as-a-service. The report also includes the analysis of the market on the basis of end use industry such as, Healthcare, Retail, BFSI, and Hospitality, among others.