Robotics Industry is far smaller than Global Outsourcing

Information technology industry body Nasscom said the global business process management (BPM) spend will grow at six-seven per cent annually till 2020 resulting in significant opportunities for the sector. Global BPM spend, which stands at $130 billion across different sectors in 2013, are likely to grow to $233 billion by 2020, it said. 

The global industrial robotics market was valued at USD 28.93 billion in 2013,growing at a CAGR of 6.2% from 2014 to 2020 and is estimated to reach USD 44.48 billion in 2020.

[Boston Consulting Group] Spending on robots worldwide is expected to more than quadruple from just over $15 billion four years ago to about $67 billion by 2025—a 10.4 percent.

There will be about 16 million new college educated people being added every year from now to 2030.About ten million per year will be added from China and India.

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