Robot as a Service (RaaS) is a cloud computing unit that facilitates the seamless integration of robots and embedded devices into web and cloud computing environments. RaaS is a growing business model that allows companies to lease robots and tap into a cloud-based service model. Robot as a Service allows company to have benefits of robotic process automation by leasing robot and accessing a cloud-based subscription service. They don’t have to buy the equipment outright, help them avoid the downsides of ownership and maintain their bottom line.
In traditional robotics, customers own the equipment, pay for maintenance and repairs over its working life, and eventually dispose of it when the product has reached the end of its useful life. With Robot as a Service (RaaS), the customer only pays for the robots that they consume, including deployment and integration costs. The customer’s costs are eliminated, and they can focus on more valuable tasks. RaaS also provides greater flexibility, as robot service providers can deploy new units or change existing configurations based on real-time data.
As per report published by Coherent Market Insights,Robot as a Service Market to Reach US$ 41.3 Billion by 2028
With RaaS, customers can begin using the robot immediately and ramp up production without spending a large upfront cost. Moreover, it’s possible to upgrade the system on the fly, without incurring additional infrastructure costs. In this way, RaaS reduces the upfront cost of robotic automation.RaaS also gives organizations the ability to scale up and down rapidly and easily in response to changing market conditions and client needs. The company may decide to invest in robotics by choosing the best option suited to its needs and budget.
Robot as a Service (RaaS) is bringing the benefits of automation to business, and advantages of robotic automation (RaaS) can also be leveraged by small- and medium-sized companies. In November 2021, Amazon Web Services, Inc. announced the launch of IoT RoboRunner, a new service for building applications that help large fleets of robots work together. This new service aims to provide the infrastructure necessary to build work and fleet management applications necessary to run the kind of robot fleets.