Glossary: RaaS

Robotics suppliers claim that RaaS lowers barriers to adoption by shifting risks and costs from capital expenditures, or CapEx, to operational expenditures, or OpEx. It can also provide recurring revenue for vendors. Service-level agreements may be managed by third parties such as integrators.

RaaS refers to a business model where companies lease or rent robotic devices as a service, similar to Software as a Service (SaaS). This model allows businesses to utilize robotic automation without the need for significant upfront investments in hardware. The service provider maintains ownership of the robots, handling maintenance, updates, and support, while clients pay a subscription fee to use the robots for their operations. This approach offers flexibility and cost-effectiveness, particularly for small and medium-sized enterprises looking to adopt automation technologies.