Robotics as a service market is anticipated to grow at a CAGR of 14.6% during the forecast period. Robots-as-a-Service (RaaS) offers various benefits of automation to small businesses. It is a cloud-based “robotic rental” system that allows users to incorporate the capabilities to upgrade or downgrade systems as per the requirements. The user can also install robotics without requiring the necessary infrastructure which is required by more traditional robotics. The key company players are providing optimized solutions to their customers which is expected to propel the market growth. For instance, KUKA Ag offers software to its customers which ranges from upgradable system software, ready-made robot applications, and software-based controllers to 3D visualization and simulation. This offering allows the company to support intelligent robot networking and safe interaction between humans and machines. The customers can have access to a user-friendly interface throughout and the company offers 100 % compatibility.
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The Asia-Pacific region is expected to be the fastest-growing region in robotics as a service market during the forecast period owing to growing technology development in the region. The startups in the countries such as India, China, and others are focusing on their technological-based infrastructure and are offering robotics as a service which is driving the growth of the market during the forecast period. For instance, in January 2021, Hyderabad-based Vistan NextGen, a deep tech solutions start-up introduced Robot-As-A-Service (RaaS) in the country to supports companies in reducing the cost of ownership. The firm will also make robots available under RaaS. The robots will cater to the needs of sectors such as healthcare, retail, hospitality, education, and banking. The firm said the robots would be handy for organizations in handling their customers in the times of the Covid-19 pandemic.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Robotics as a Service Market Report Segment
By Service Type
- Personal
- Professional
By Application
- Intralogistics
- Medical applications
- Surveillance and Security
- Field robotics
- Others
By End-Users
- Healthcare
- BFSI
- Food & beverage
- IT & Telecom
- Retail
- Defense
- Media & Entertainment
- Logistics
- Others
Global Robotics as a Service Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global robotics as a service market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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