COVID-19 Recovery Analysis: Robotics As A Service Market | High Cost of Deployment of Robots to Boost the Market Growth | Technavio
Technavio has been monitoring the robotics as a service market and it is poised to grow by $ 832.77 mn during 2020–2024, progressing at a CAGR of almost 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
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. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
High cost of deployment of robots has been instrumental in driving the growth of the market. However, need for technical expertise might hamper the market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Robotics as a Service (RaaS) Market 2020–2024: Segmentation
Robotics as a Service (RaaS) Market is segmented as below:
- Application
- Geography
- Intralogistics
- Medical Applications
- Surveillance And Security
- Field Robotics
- Others
- APAC
- North America
- Europe
- South America
- MEA
Robotics as a Service (RaaS) Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The robotics as a service market report covers the following areas:
- Robotics as a Service (RaaS) Market Size
- Robotics as a Service (RaaS) Market Trends
- Robotics as a Service (RaaS) Market Industry Analysis
This study identifies the adoption of operational intelligence and data analytics as one of the prime reasons driving the robotics as a service (RaaS) market growth during the next few years.
