Robotics As A Service (RaaS) Market size to increase by USD 1.50 … – PR Newswire

NEW YORK, Sept. 29, 2023 /PRNewswire/ -- The robotics as a service (RaaS) market size is expected to grow by USD 1. 50 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 18.29% during the forecast period.The market is segmented by Type (Professional and Personal), Application (Intralogistics, Medical applications, Surveillance and security, Field robotics, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). Increased remote servicesand the adoption of IoT aremajor market drivers. Providerschangethe way they provide customer serviceas the use of the internet increases. They do so byincluding more online options that rely on using the Internet to interact with customers and solve the problems they face. remote players are informed in real-time about the status of robots and deviceswith the help of IoTby monitoring parameters such as temperature, CPU load, and hours the robot has been active, thereby ensuring effective predictive maintenance planning.Hence, such factors drive the growth of the RaaS market during the forecast period.Technavioprovides detailed market analysis.View a Free PDF Sample

Key Highlights:

Market Dynamics:

Trend

Challenge

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Keg Segments:

Theprofessionalsegmentis significantduring the forecast period.Companiesgrowingly useRaaS to access advanced automation technologies without incurring significant upfront costs. The capabilities of RaaSare extended with theevolution of cloud-based platforms and AI-driven analytics. This further allowsbusinesses to optimize operations and increase productivity.Hence, such factors fuel the professional segment of the RaaS market during the forecast period.Get a glance at the market contribution of the segments, Request a free Sample

Related Reports:

Theplatform-as-a-service (PaaS) market size is estimated to growat aCAGR of 26.42%between 2022 and 2027. Themarket size is forecast to increase byUSD80.82 billion.

The Car-as-a-Service (CaaS) Marketsizeis estimated to growbyUSD 306.31 billionbetween 2022 and 2027 accelerating at aCAGR of 18.09%.

Robotics As A Service (RaaS) Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 18.29%

Market growth 2023-2027

USD 1.50 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

17.09

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ademco Security Group Pte Ltd., Caja Elastic Dynamic Solutions Ltd., Cobalt Robotics Inc., Exotec SAS, Field Group AS, HAHN Group GmbH, Harvest Automation, inVia Robotics Inc., Irobot Corp., Knightscope Inc., Kraken Robotics Inc., Locus Robotics Corp., Marks and Spencer Group plc, OhmniLabs Inc., Rapyuta Robotics Co. Ltd., RedZone Robotics Inc., Relay Robotics Inc., Sarcos Technology and Robotics Corp., Singapore Technologies Engineering Ltd., and Zebra Technologies Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers,Challenges, &Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:[emailprotected] Website:www.technavio.com/

SOURCE Technavio

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Robotics As A Service (RaaS) Market size to increase by USD 1.50 ... - PR Newswire