Will 'robot-as-a-service' (RaaS) models exceed $10 billion in global revenue by the end of 2028?

RaaS Revolution: Robotics on Subscription Hits $10 Billion by 2028

'Robot-as-a-Service' (RaaS) is transforming the robotics industry by lowering the barrier to entry for automation. Instead of large upfront capital expenditures, businesses can subscribe to robots for tasks like logistics, cleaning, security, or manufacturing. This prediction targets RaaS models exceeding $10 billion in global revenue by the end of 2028.

Accelerating Adoption Through Flexibility

The advantages of RaaS are compelling for businesses of all sizes:

• **Reduced Upfront Costs:** Eliminates the need for massive initial investments, making automation accessible.
• **Flexibility and Scalability:** Companies can easily scale their robot fleets up or down based on demand or project needs.
• **Maintenance and Upgrades:** The service provider handles all maintenance, software updates, and upgrades, reducing operational burden.
• **Access to Expertise:** RaaS often includes expert support and integration services.

The global robotics market is booming, and RaaS is a critical growth driver. Current forecasts suggest the RaaS market is already on track to exceed this figure, with some projections putting it well above $15 billion by 2028. The shift from CAPEX to OPEX for automation is a powerful trend, making this prediction a near certainty.