New Research Study ""Robot as a Service Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook"" has been added to Coherent Market insightTo get more news about Robots as a Service, you can visit glprobotics.com official website.
The future of robotics will be enabled by Robot as a Service. This new form of cloud computing will allow robots and embedded devices to interact seamlessly. These services can be integrated in a number of ways, from a simple interaction to a complete data analysis. The cost of robot implementation can be greatly reduced when user opts for Robot as a Service. As the robot integrator will install the software and infrastructure, user won't have to worry about maintaining it themselves. Moreover, they can scale up or down without having to spend a large sum of money. Moreover, RaaS solutions are flexible and can be scaled as a business grows.
According to our (Coherent market insights) latest study, due to COVID-19 pandemic, The global Robot as a Service market was valued at US$ 12.6 Bn in 2020 and is expected to reach US$ 41.3 Bn by 2028 at a CAGR of 15.9% between 2021 and 2028.
The Robot as a Service market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
The top competitors' revenues and market shares are first collected as part of the research methodology used to evaluate and forecast this market. Press releases, annual reports, non-profit organisations, trade groups, governmental agencies, and customs data were just a few of the secondary sources used to find and gather data for this in-depth market study. Based on calculations, the total market size was determined. The market has been divided into a number of segments and subsegments after the overall market size has been determined. These segments and subsegments have then been confirmed through primary research by conducting in-depth interviews with industry professionals like CEOs, VPs, directors, and executives.
Increasing need of monitoring controlling and managing various operations in various industries is expected to propel growth of the global robot as a service market over the forecast period. The need for automation in industries like food and beverage, logistics, household and defense sector is rapidly increasing, which is driving the demand for robot as a service solutions. For instance, Geek+, a leading AMR company launched RoboShuttle RS8-DA in October 2021, which is an 8-meter high flexible arm robot for logistic industry.
However, factors such as high deployment cost specifically for SMEs and reduced rate of jobs due to automation is likely to hinder growth of the global robot as a service market over the forecast period.
