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Robotics-as-a-Service: Changing the Landscape of Work

Home › Robotics › Robotics-as-a-Service: Changing the Landscape of Work

By Dick Weisinger

Robots are used to automate processes, but a barrier to wider deployment of robots has been the cost. For example, manufacturing robots produced by companies like FANUC and ABB have traditionally been very expensive. But that is changing.

Production costs for robots have dropped considerably and a greater variety of robotic software is now available from the cloud. This combination of factors has made the Robotics as a Service (RaaS) model increasingly attractive. A survey by Allied Market Research estimates that the RaaS market will reach $34.7 billion by 2022.

From: Business Models that Work for Robot-as-a-Service Companies in 2019 by Gary Yates

RaaS is particularly well suited to take on highly repetitive jobs or jobs that are physically demanding or dangerous. Start-up businesses are targeting RaaS market segments that include delivery, cleaning, manufacturing, warehouse control and security.

Florian Pestoni, co-founder and CEO of InOrbit Inc., said that “some industries, such as logistics and retail, are more mature than others, like agriculture and construction, but there’s huge potential to impact society with robotics.”

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August 21st, 2020
Category: Robotics
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  1. Robotics-as-a-Service: Changing the Landscape of Work – Formtek Blog – IoT – Internet of Things says:
    August 22, 2020 at 1:19 am

    […] Robotics-as-a-Service: Changing the Landscape of Work  Formtek Blog “Robotics” – Google News […]

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