He said it was the "right time to step down from the rigours" of hosting the live shows.
The 86-year-old entertainer has co-hosted Strictly since it began in 2004. The BBC One series celebrates its 12th series later this year.
"Strictly's success is due
in vast amounts to him," said BBC One controller Charlotte Moore.
Sir Bruce will continue to present one-off specials of the show such as Strictly Christmas Special and the Strictly Children in Need Special.
The presenter, who was knighted in 2011, missed a number of shows last series due to illness.
He quit the results show in 2010 and was replaced by Claudia Winkleman. The show is recorded immediately after the live show on a Saturday.
"I've been leaving this show since it started," he jokingly told BBC News in 2009.
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