With 16.5% CAGR, Robot as a Service Market Size Worth USD 44 Billion by 2028 - Comprehensive Research Report by Facts & Factors

The global robot as a service market was valued at roughly USD 14.5 billion in 2021 and is expected to reach USD 44 billion by 2028 at a CAGR of 16.5% during the forecast period 2022-2028.

As a Service, Robotics (RaaS) is an acronym for robotics as a service. It refers to a unit of cloud computing that enables robots and embedded devices to be seamlessly integrated into online and cloud computing environments. Customers and robotic businesses alike stand to benefit from the provision of robots as a service. Robots as a service enable companies to reap the benefits of robotic process automation (RPA) by leasing robotic equipment and making use of a cloud-based subscription service.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/robot-as-a-service-market

This is accomplished through the use of the term "robots as a service." The most significant benefit of implementing this technology is that it lessens the requirement for human intervention in information technology support while simultaneously improving the effectiveness of robotic processes. The successful implementation of a robot as a service within an organization is contingent on three factors: first, the use of appropriate tools to operate the robot as a service; second, the determination of the specific level of services required by the company; and third, the selection of a vendor to assist the robot as a service.

During the projected period, the growing demand for professional robots in a variety of industries is expected to fuel the global robot as a service market expansion. This is due to the increased need for automated processes in a variety of professional sectors. Robot as a service is gaining popularity due to an increase in the impact of human assistance jobs, the reduction of work pressure, and the support of maximum reliability in repetitive operations in industries.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/sample/robot-as-a-service-market

However, the annual maintenance cost of service robots is very high and this limits the ability of businesses, particularly small and medium-sized businesses, to invest. This is likely to hamper the market growth during the coming period.

The global market for robots as a service can be segmented according to three factors: the type of service provided, the end-user, and the region. The market can be broken down into personal and professional segments, depending on the type of service provided. The category of professional robots now holds a larger market share and is anticipated to expand at a rate that is exponentially higher during the duration of the forecast. The majority of this can be attributed to the rising need for service robots in a variety of industries, including defense, construction, medical, and logistics, amongst others.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/inquiry/robot-as-a-service-market

The market is segmented into healthcare, BFSI, food and beverage, information technology and telecommunications, retail, defense, media and entertainment, and logistics, as well as other end-users. The logistics sector has the greatest potential return on investment due to the increased level of automation made possible by the act of moving and storing items. In addition, there is an increasing demand for service robots in order to streamline the operations involved in supply chain management across all industries. As more people seek to implement robotic solutions for key medical operations and as more high-tech research facilities come online, it is anticipated that the field of medical service robots will experience significant growth in the coming years.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/customization/robot-as-a-service-market

Some of the main competitors dominating the global robot as a service market are KUKA AG, Parrot SA, Lely International, DJI, Northrop Grumman, Intuitive Surgical, Inc., Aethon Inc., Kongberg Maritime AS, Honda Motor Co. Ltd., and iRobot Corporation.

Recent Developments

July 2021: ABB purchased the ASTI Mobile Robotics Group in order to accelerate the development of flexible automation employing mobility devices. The acquisition strengthens the company's Robotics and Machine Automation solutions, enabling it to offer a unique automation portfolio and expand into new business areas.
April 2021: Panasonic Corporation has released a systematic model of their Walk Training Robot, which is intended to provide effective and safe walking training for older people. In addition, the company provides a robot-assisted solution to hospitals, institutions, and other organizations.

The global robot as a service market is segmented as follows:

By Service Type

Personal
Professional

By End-User

Healthcare
BFSI
Food & beverage
IT & Telecom
Retail
Defense
Media & Entertainment
Logistics
Others

𝐑𝐞𝐚𝐝 𝐛𝐮𝐲𝐧𝐨𝐰 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/buynow/su/robot-as-a-service-market

By Region

North America
The U.S.
Canada
Mexico

Rest of North America
Europe
France
The UK
Spain
Germany
Italy

Nordic countries
Denmark
Finland
Iceland
Sweden
Norway

Benelux Reunion
Belgium
The Netherlands
Luxembourg
Rest of Europe

Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore

Rest of Southeast Asia
Rest of Southeast Asia
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa

Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America

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