Robotics-as-a-Service Market Poised for Growth

RaaS use cases include delivery, cleaning, and hospitality robots, as well as robots for factory automation, security, agriculture, and more.

Robotics-as-a-Service (RaaS) is gaining favor as a way to support intelligence automation by leveraging the compute power of cloud instances. It has use in many Internet of Things (IoT), autonomous vehicles and equipment, and robotic process automation applications.

The cloud robotics market, which includes RaaS and Software-as-a-Service, for robotics operations will grow from $3.3 billion in 2019 to $157.8 billion in 2030, according to ABI Research. That segment accounts for 30 percent of the robotic industry’s total worth.

See also: Robotic Process Automation Market To Grow By $750 Million

Some of the main use cases for RaaS include delivery, cleaning, and hospitality robots, as well as use in factory automation, warehouse automation, security, agriculture, hospital assistant, and more.

RaaS is part of the much broader cloud robotics market. Some of the benefits of cloud robotics include:

  • More storage and compute power is available to the robot or robotic process
  • More intelligence can be incorporated into the device or process by offloading computationally-intensive tasks from the robot to the cloud
  • Companies have the flexibility to economically and dynamically scale (up or down) the use of computational resources
  • Models can be based and trained on much larger datasets.

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Robotics-as-a-Service Market Poised for Growth

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READ: Content is Only King When it Sells

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READ: How to Manage Your Business In a Pandemic

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READ: Growing Business In Crisis: Automate to Accelerate

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