Robotics As A Service (RaaS) Market Analysis, Size, Share, Growth, Trends, And Forecast To 2032

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The Business Research Company's Robotics As A Service (RaaS) Global Market Report 2023 identifies increasing demand for automation as the major driver for the robotics as a service (RaaS) market's growth in the forecast period. Automation refers to using technology, machinery, or systems to perform tasks and processes with minimal or no human intervention. Automation plays a crucial role in robotics-as-a-service (RaaS) by enabling efficient and seamless operations of robotic systems in various industries. By leveraging automation, robotics-as-a-service (RaaS) providers can offer cost-effective, scalable, and advanced robotic solutions tailored to the specific needs of their clients.

The global robotics as a service (RaaS) market is expected to grow from $16.66 billion in 2022 to $19.77 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The robotics as a service (RaaS) market is expected to reach $38.81 billion in 2027 at a CAGR of 18.4%.

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Major competitors in the robotics as a service (RaaS) market are Zimmer Biomet Holdings Inc., Lely Industries N.V., Kongberg Maritime AS, GreyOrange Pte Ltd., Locus Robotics Corp., 6 River Systems Inc., Avidbots Corporation.

A key trend in the robotics as a service (RaaS) market includes technological innovations. Major companies operating in the robotics as a service (RaaS) market are adopting new technologies to sustain their position in the market. For instance, in April 2021, Panasonic Holdings Corporation, a Japan-based electrical, appliance, and electronics manufacturing company, launched a mass-production model of its walk-training robot, which is intended to provide safe and efficient walk training for older persons who are afraid to walk due to physical depression or previous falls. With mass-production technology, Panasonic offers a service utilizing the robot for care homes, hospitals, and other institutions to assist with constant walking training for the elderly.

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The robotics as a service (RaaS) market is segmented -
1) By Type: Professional, Personal

2) By Application: Handling, Assembling, Dispensing, Processing, Welding And Soldering, Other Applications

3) By End User: Agriculture, Inspection And Maintenance, Healthcare, Search And Rescue, Hospitality, Professional Cleaning, Gardening, Transport And Logistics, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the robotics as a service (RaaS) market.

The Business Research Company's "Global Robotics As A Service (RaaS) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Robotics As A Service (RaaS) Market Include:
1. Executive Summary
2. Robotics As A Service (RaaS) Market Characteristics
3. Robotics As A Service (RaaS) Market Trends And Strategies
4. Robotics As A Service (RaaS) Market - Macro Economic Scenario
5. Global Robotics As A Service (RaaS) Market Size and Growth
………..
32. Global Robotics As A Service (RaaS) Market Competitive Benchmarking
33. Global Robotics As A Service (RaaS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Robotics As A Service (RaaS) Market
35. Robotics As A Service (RaaS) Market Future Outlook and Potential Analysis
36. Appendix

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