Robots As A Service: A Technology Trend Every Business Must Consider From all indicators, robots as a service (RaaS) is growing rapidly. ABI Research predicts there will be 1.3 million installations of RaaS by 2026 generating $34 billion in revenue. Let’s look at what robots as a service entails, the reasons for its growth and some companies that offer RaaS solutions and the tasks it can support.To get more news about RaaS, you can visit glprobotics.com official website. What is Robots-as-a-Service (RaaS)? Many are now familiar with the concept of software as a service (SaaS) or big data as a service (BDaaS), the pay-as-you-go or subscription-based service model. In a similar set-up, those who sign up for robots as a service get the benefits of robotic process automation by leasing robotic devices and accessing a cloud-based subscription service rather than purchasing the equipment outright. The headaches of ownership, such as paying off an expensive piece of equipment plus handling maintenance issues that spring up, are avoided with RaaS. What has caused RaaS to gain in popularity? Businesses are increasingly intrigued with RaaS because of its flexibility, scalability, and lower cost of entry than traditional robotics programs. These attributes allow small- and medium-sized businesses to benefit from robotics without the often cost-prohibitive initial investment. Typically, robots are used to replace lower-paying jobs done by humans at companies. But, since robots are quite expensive, it can take years before companies do realize a return on their investment. This reality has kept many smaller organizations from investing in robots. That’s one of the reasons RaaS is quite appealing today. RaaS also gives organizations the ability to scale up and down rapidly and easily in response to changing market conditions and client needs. It offers more predictable costs and less upfront capital to get started. Globalization has also reduced the cost of hardware. It's also easy to sign up and find powerful and cheap cloud computing solutions that allow robots to be offered as a variable cost service with subscription packages. Additionally, companies are already comfortable with the business model, thanks to many of them already using the software as a service model. There are many companies in several industries that are benefitting from RaaS from warehouses and fulfillment centers to healthcare and security. As other sectors realize uses for robots, RaaS lowers the barrier to entry for them to test them out and experiment with robotic solutions.