Loup Ventures is siding with the machines, concluding on Friday a series of notes analyzing the growth of robotics in the economy. “We believe a cultural shift is underway and robots are playing an increasingly crucial role in our everyday lives,” said analyst Andrew Murphy. Murphy’s modeling estimates the robotics market will grow from last year’s $20.9 billion to over $221 billion in 2025. Two-thirds of that comes from related software and services. While hardware will still be key as robotics gains its foothold in the near term, in the long term, it will likely be commoditized — software and services will then be the primary drivers of growth, making those companies in the space where investors will want to be.Read more