Robotics as a Service (RaaS) Market to grow at a CAGR of 17% | High Cost of Deployment of Robots to Boost Growth |17000+ Technavio Reports

NEW YORK, Oct. 25, 2021 /PRNewswire/ — The robotics as a service (RaaS) market is set to grow by USD 832.77…

NEW YORK, Oct. 25, 2021 /PRNewswire/ — The robotics as a service (RaaS) market is set to grow by USD 832.77 million from 2020 to 2024, at a CAGR of 17% as per the latest market report by Technavio. 

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ademco Security Group, Aethon Inc., Cobalt Robotics Inc., inVia Robotics Inc., Kraken Robotics Inc., Nightingale Security, OhmniLabs Inc., RedZone Robotics Inc., Sarcos Corp., and Savioke Inc. are some of the major market participants. The high cost of deployment of robots and adoption of operational intelligence and data analytics will offer immense growth opportunities. However, factors such as the need for technical expertise may threaten the growth of the market.

Robotics 2020-2024: Segmentation

  • Application
    • Intralogistics
    • Medical Applications
    • Surveillance And Security
    • Field Robotics
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

Robotics as a Service (RaaS) Market 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. Also, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. 

The report also covers the following areas:

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Robotics as a Service (RaaS) Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist robotics as a service (RaaS) market growth during the next five years
  • Estimation of the robotics as a service (RaaS) market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotics as a service (RaaS) market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of robotics as a service( RaaS) market vendors

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Robotics As A Service (RaaS) Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 17%

Market growth 2020-2024

USD 832.77 million

Market structure

Fragmented

YoY growth (%)

15.82

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 37%

Key consumer countries

US, China, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ademco Security Group, Aethon Inc., Cobalt Robotics Inc., inVia Robotics Inc., Kraken Robotics Inc., Nightingale Security, OhmniLabs Inc., RedZone Robotics Inc., Sarcos Corp., and Savioke Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact 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.

Download  a free sample now to uncover highlights deployed by Companies of robotics as a service (RaaS) market. 

About Us

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.

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