Robotics as a Service Market size worth US$3.236 billion by 2028

robotics as a service market

Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market the “Robotics as a service – which is forecasted from 2023 to 2028”.

The Robotics as a Service Market is estimated to reach a market size worth US$3.236 billion by 2028.

The prime factor driving the Robotics as a Service Market growth is the increase in the adoption of automation and robotics.

As per the report, it is anticipated that the robotics as a service market will grow constantly.

Robotics as a Service (RaaS) is a plan of action where robots are provided as help, permitting associations to approach mechanical innovation without making huge forthright consumptions. It makes it possible for businesses to use robots in manufacturing, healthcare, logistics, agriculture, and other fields on a subscription or pay-per-use basis. RaaS gives robots adaptability, versatility, cost-viability, and simplicity of coordination, powering its ascent in organizations searching for mechanization arrangements without the weight of proprietorship. Various reasons are driving the development of the Robotics as a Services (RaaS) industry. In the first place, there is a developing utilization of robotization and robots across areas, which is expanding interest in versatile and financially savvy arrangements. RaaS permits organizations to utilize mechanical innovation without making huge forthright consumptions, settling on it as an engaging decision. Besides, progresses in advanced mechanics innovation, like collaborative robots (Cobots) and cloud mechanical technology with man-made intelligence reconciliation, widen the potential purposes of robots, driving the development of RaaS. RaaS frameworks’ diminished execution time and intricacy, as well as the accessibility of specialized information from RaaS suppliers, make it more straightforward for ventures to embrace and incorporate mechanical technology. Besides, the accentuation on the work environment health, the pattern towards pays more only as costs arise plans of action, the longing for tweaked mechanical arrangements, and the advancement of utilization regions in various areas all add to the RaaS market’s development. Generally speaking, the developing interest in mechanization, the upsides of adaptability and versatility, innovation enhancements, and market patterns are moving RaaS reception across areas.

The robotics as a service market has been categorized based on type, application, industry vertical, and geography. The market has been segmented based on type into personal and professional. Handling, processing, dispensing, welding & soldering, and other applications are further subdivided.

By region, North America is the market chief in Robotics as a Service (RaaS). The region’s prominence can be attributed to a number of factors. First, major robotics and technology suppliers have a significant presence in North America, which aids in RaaS system development and acceptance. Second, the region has areas of strength for an area, remarkably in assembling and coordinated operations, where robotization is overwhelmingly popular. Besides, North America benefits from an ideal administrative system, supportive government endeavours, and quick innovation enhancements. These components, along with the region’s accentuation on development and computerized change, place North America as a forerunner in the RaaS business.

As a part of the report, KUKA AG, Berkshire Grey Inc., Locus Robotics, Exotec, Knightscope Inc., CYBERDYNE Inc., CAJA, Hirebotics, Cobalt Robotics, Relay Robotics, and inVia Robotics are among the significant firms covered in the robotics as a service market.

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This analytics report segments the robotics as a service market on the following basis:

  • By Type
    • Personal
    • Professional
  • By Application
    • Handling
    • Processing
    • Dispensing
    • Welding & Soldering
    • Others
  • By Industry Vertical
    • Logistics
    • Manufacturing
    • Automotive
    • Food & Beverages
    • Retail
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Taiwan
      • Others