Rajeev possess more than three decades of professional experience, and operational excellence spanning across various Digitalisation, IoT, Industry 4.0 Initiatives

The concept of Robotics as a Service (RaaS) is gaining popularity. Some of the researches indicate that the installed base for RaaS will grow up to 1.3 million in 2026, which has a potential to generate a revenue of all most $32-34 billion. In recent times, everyone is familiar with the concept of infrastructure as a service (IaaS) or software as a service (SaaS). Similarly, Robotics as a Service (RaaS) providers offer robots as a service to various organisations for managing repetitive, mundane and dangerous tasks which are typically done by humans working on lower pay.

The biggest advantage of RaaS is that organisations can access services through a cloud-based subscription. In other words, the organisations can shift the capital expenditure (CAPEX) to an operational expenditure (OPEX). Deploying of robots sometimes turns-out to be an expensive proposition. Hence, companies face difficulties in getting a return on investment which is important before deploying any capital intensive project. This is the single most reason why many companies stay away for doing any investment in robots.

In view of this, many service providers have come forward and are eager to provide RaaS models. This helps the companies to scale their production up and down as & when required depending upon the dynamic market conditions/changing demandsof customers. This model comes-up with a more affordable cost and less investment in terms of capital. Today, it’s also easy to sign-up & find powerful and economical cloud computing solutions that allow robots to be offered as a variable cost service with subscription packages.

Many organisations from different industry sectors are benefitting from RaaS, as it lowers the barrier to

make an entry for them and to test such solutions and experiment it with robotic enhancements.

Robots are making an impact in several sectors. Thanks to Robotics as a service (RaaS), the advantages of which can be leveraged by small & medium-sized companies.

The main reason for Robotics as a Service (RaaS) to gain in popularity is, it offers flexibility, scalability, and lower cost of entry than traditional robotics programs. These positive features allow small and medium-sized organisations to benefit from robotics features without the often cost-prohibitive initial investment.

Also, another factor which has contributed to early adoption of RaaS is the dramatic reduction hardware & production costs. At the same time, economical & powerful computing and cloud infrastructure facilities are readily available and can be easily upgraded to higher level of compute requirements. The net result is that the robotic solutions are easily available at variable cost as compared to earlier days when the same was being sold at a fixed & capital intensive fixed cost. The robots and their related/required software can be packaged together and can be sold in a subscription form. This change in robotics business model will have profound implications, and will radically transform industries.