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Global Robot as a Service Market is estimated to account for US$ 12.6 Bn by end of 2028, Says Coherent Market Insights (CMI)

SEATTLE, July 23, 2021 (GLOBE NEWSWIRE) -- The Robot as a Service market was valued at US$ 12.6 Billion in 2020 and is estimated to account for 41.3 Billion in terms of value by the end of 2028 Robotics as a Service (RaaS) is a unit that integrates artificial intelligence (AI) with cloud computing and shared services.

For instance, Honda, a Japan based automobile company introduced robot as a service (RaaS) platform in order to provide diverse range of robots and cloud-based data services to SMEs and large enterprises to support communication, robotic cooperation, and data sharing.

Professional applications of RaaS include agricultural robots, inspection robots, humanoid robots, exoskeletons, construction robots, robotic kitchen, laundry robots, unmanned surface vehicles (USVs), autonomous underwater vehicles (AUVs), remotely operated vehicles (ROVs), inspection robots, and telepresence robots.

Buy-Now this Research Report @ Competitive Landscape: Major companies involved in the global contactless payments market are iRobot, Softbank, Intuitive Surgical, DeLaval, Daifuku Co., Ltd., CYBERDYNE INC.,DJI, KONGSBERG, Northrop Grumman, Neato Robotics, Inc., ecoRobotix Ltd, Starship Technologies, KUKA AG, Parrot, Aethon, Lely, Dematic, Bastian Solutions, LLC, and OMRON Corporation For instance, in January 2021, Hyundai Robotics, a Denmark-based company, which is a wholly-owned subsidiary of Hyundai Heavy Industries (HHI) Holdings that offers comprehensive robotics solutions, launched food &

Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027 Read more: About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions.

Global Personal Artificial Intelligence and Robotics Markets 2021-2026 by AI and Robot Type, Components, Devices and Solutions -

DUBLIN--(BUSINESS WIRE)--The 'Personal Artificial Intelligence and Robotics Market by AI and Robot Type, Components, Devices and Solutions 2021 - 2026' report has been added to's offering.

This report evaluates the market for personalized robots, bot software, and systems.

The report also assesses the impact of AI and evaluates the market for AI-enhanced robots and robotic systems for the consumer market.

It includes analysis and forecasts for personalized AI and robotics from 2021 through 2026.

There is an emerging service robot market that has very different dynamics than traditional industrial robotics.

Service robots are very personal and include both physical robots as well as logical (e.g.

software) bots that act on behalf of their owners, managers, and/or controllers.

Service robots will ultimately evolve beyond purpose-built machines to become more general-purpose tools for supporting human safety and lifestyle needs.

We see substantial overall industry growth across a wide range of robot types that engage in diverse tasks such as home cleaning, personalized healthcare service, home security, autonomous cars, robotic entertainment and toys, carebots services, managing daily schedules, and many more assistive tasks.

Furthermore, we see a few key factors such as the ageing population, personalization services trends, and robot mobility will drive growth in this industry segment.

In addition, developments in artificial intelligence and cognitive computing support the inclusion of these technologies with virtually every type of robot including general-purpose bots that act on behalf of their owner.

The combination of AI and IoT (AIoT) will further support market development, leading to semi-autonomous markets that interact with humans directly as well as other machines, and assets through interconnected systems.