Product ID: UCMIG45J2182
Report ID:
UCMIG45J2182 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the estimated global market size for robot-as-a-service (RaaS) was valued at USD 1.05 billion, and it is projected to exhibit a 17.5% compound annual growth rate (CAGR) from 2023 to 2030. Robot as a service, or RaaS, is a business model wherein companies provide robots for a variety of services, enabling customers to access them through subscription or pay-per-use arrangements rather than outright purchase. The market's expansion can be attributed to the rising demand for automation and robotics across different sectors, such as manufacturing, healthcare, retail, and logistics. These industries are turning to robots to enhance efficiency and productivity by handling repetitive tasks, managing hazardous materials, and aiding in various other functions. Market growth is expected to remain strong across a wide range of industries.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Equipment & Instruments by segment aggregation, the contribution of the Electronic Equipment & Instruments in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45J2182