According to John Santagate, research manager at IDC Manufacturing Insights, “robotics as a technology has really reached its tipping point.” “While increasing investment in robot development is driving competition and helping to bring down the costs associated with robots, robotic capabilities continue to expand.”
Robotics as a Service has become increasingly popular in many different industries besides the car industry: retail, healthcare, logistics, agriculture, electronics, education, and so on.
Robots are increasingly being used as services, and not just restricted to the automobile manufacturing sector but also in the retail, healthcare, and logistics sectors this apart from agriculture, electronics, and teaching sectors. These are attributed to the unavailability of qualified workforce, increasing cost of labor, and bringing down price of automative systems.
Healthcare and manufacturing are two of the sectors using RaaS at the greatest rate of growth. Robotics investment is now highest in the manufacturing sector, but it might increase in the healthcare sector in the years to come. Even though robotic surgery is now very expensive, costs are anticipated to decrease soon.
RaaS provides big box and mid-segment merchants with a plethora of options. Big box shops choose robots for customer engagement, utilizing analytics to predict product availability and demand, while medium-sized businesses utilize them for basic stock monitoring and assessments.
It’s used by Amazon and other big-box retailers like Walgreens, Staples, and Gap Inc. to optimize packing and shipping at their distribution facilities.
Order fulfillment and warehousing are said to look forward to the “robotics as a service model,” which, according to them, will help safeguard companies’ upfront investment in robotics, boost ROI, and improve operational efficiency.
