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RaaS market grows

  • By Neil Martin
  • News

ABI Research, a market-foresight advisory firm which provides strategic guidance on transformative technologies, has estimated that the installed base for robots-as-a-service (RaaS) will grow from 4,442 units in 2016 to 1.3 million in 2026.

The yearly revenue from RaaS providers is expected to increase from $217 million in 2016 to nearly $34 billion in 2026.

“The Robot-as-a-Service model of delivering autonomous mobile robots is helping to bring automation in the form of robotics to new markets that might otherwise not be able to make investments in this technology,” said John Santagate, research director for Commercial Service Robotics at IDC.

“This model allows buyers to reduce the risk of deploying robotics, as the vendors shift from selling robots to selling usage and outcomes. We see this model as a key element in the current and ongoing growth in the market as it brings this technology to buyers and markets that might not otherwise make investments in robotics.”

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