The Business Research Company’s Robotics As A Service RaaS Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Robotics As A Service RaaS Global Market Report 2023 evaluates robotics as a service (RaaS) market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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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%.
The increasing demand for automation is expected to propel the growth of robotics as a service (RaaS) market going forward. 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. For instance, in February 2022, according to the International Federation of Robotics, a Germany-based non-profit organization, 23,000 industrial robots were operating in UK factories in 2021, an increase of 6% from 2020. Therefore, the increasing demand for automation drives the growth of the robotics as a service (RaaS) market.
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The robotics as a service (RaaS) market segments in the report are:
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
The table of contents in TBRC’s robotics as a service (RaaS) market report includes:
- Executive Summary
- Robotics As A Service (RaaS) Market Characteristics
- Robotics As A Service (RaaS) Market Trends And Strategies
- Robotics As A Service (RaaS) Market – Macro Economic Scenario
- Robotics As A Service (RaaS) Market Segmentation.
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- Global Robotics As A Service (RaaS) Market Competitive Benchmarking
- Global Robotics As A Service (RaaS) Market Competitive Dashboard
- Key Mergers And Acquisitions In The Robotics As A Service (RaaS) Market
- Robotics As A Service (RaaS) Market Future Outlook and Potential Analysis
- Appendix
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