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
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
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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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SOURCE Technavio
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