Businesses are increasingly intrigued with RaaS because of its flexibility, scalability, and lower cost of entry than traditional robotics programs.
Robots are quite expensive, meaning it can take years before companies realize a return on their investment. This has kept many organizations from investing in robots. RaaS allows small-and-medium-sized businesses to benefit from robotics and automatization without this initial investment. It also gives organizations the ability to scale up and down rapidly and easily in response to changing market conditions and client needs. RaaS offers more predictable costs and less upfront capital to get started. Globalization has also reduced the cost of hardware, and it is easy to sign up and find powerful and cheap cloud computing systems that allow robots to be offered as a variable cost service with the subscription packages. Additionally, companies are already comfortable with the business model, as many are already using the software as a service model.
Many companies in several industries are benefitting from RaaS. As other sectors realize uses for robots, RaaS lowers the barrier to entry for them to test them out and experiment with robotic solutions.