LONDON--(BUSINESS WIRE)--Technavio has been monitoring the robotics as a service (RaaS) market size and it is poised to grow by USD 832.77 million during 2020-2024, progressing at a CAGR of 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. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

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.

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The high cost of deployment of robots has been instrumental in driving the growth of the market. However, the growing need for technical expertise might hamper 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.

Robotics as a Service (RaaS) Market 2020-2024: Segmentation

Robotics as a Service (RaaS) Market is segmented as below:

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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 (RaaS) market report covers the following areas:

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.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Robotics as a Service (RaaS) Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Application

Customer landscape

Geographic Landscape

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

Appendix

About Us

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Global Robotics As A Service (RaaS) Market Analysis Highlights the Impact of COVID-19 2020-2024 | High Cost of Deployment of Robots to Boost Market...