Robotics as a service (RaaS)
Ever since Dev graduated from college, he always wanted to launch his startup. As a person with a keen eye on Robotics, he knew Robotics as a Service is growing rapidly
A study by ABI predicted that there would be 1.3 million installations creating revenue of 36 billion.
Dev is familiar to RaaS (Robotics as a service) is a subscription-based service model, as it is similar to SaaS (Software a as service). And the people who sign up for it will get robotic process automation by leasing robots and equipment rather than purchasing them. The hassles of paying off an expensive piece of equipment, as well as its maintenance, can be avoided by RaaS.
Dev is not a resident of Qatar, but he always wanted to launch his startup in Qatar since he knew Qatar's Robotics industry has been growing steadily over the past few years, which makes Qatar a perfect place for startups to open the venture. Qatar has been one of the countries to welcome robotic innovations and advancements. Qatar has made itself known to be welcoming new businesses in their country as a part of diversifying its revenue, which is mostly based on natural gas.
In preparation for the 2022 Football World Cup, researches in Qatar have unveiled their plans to create robotic clouds that can be remotely controlled. They will be positioned in between the sun and the football stadiums to help cool the area. Humanoid robots are also deployed in several areas in Qatar. Noor and Jassim, two humanoid robots are deployed Al Khalij commercial bank to interact with the customers. Robots are used in the medical industry to perform surgeries in minute areas, help carry dangerous substances, and even as receptionists in some hospitals. Robots and drones are used being used even in the areas of COVID-19. Robots are being used to clean rooms, and drones are used to supply food and medicines to people who are quarantined. Most hospitals cannot make use of these new technologies as they are quite expensive. The global surgical robot market is projected to reach USD 11.8 billion by 2025 from USD 6.7 billion in 2020 at a CAGR of 12.1%. Dev wanted to do more than earn money; he wanted to make a difference in the world. He wanted to make the advantages of robots available to everyone.
Most businesses, especially small and medium-sized enterprises, are getting increasingly interested in the prospect of RaaS. Usually, robots are expensive, and it will take years for companies to realize returns as robots are brought to replace low paying jobs. This is what stopped the small businesses from utilizing robotic advancements. With RaaS, it is also possible to increase and decrease the number of equipment that the companies need based on client needs. This model is also comfortable for many companies as Software as a service model is already well known.
Qatar always supported the advancements in the field of robotics. RaaS will help relieve labors for physically demanding and low paying jobs, and they could be given better tasks. This will also reduce the risk of accidents as physically demanding jobs are sometimes dangerous.
We are the pioneers in becoming habituated in a constantly growing world. Will to adapt, imagination, and pushing boundaries are considered to be the core skills to entrepreneurship. Startups and RaaS are expected to go hand in hand as there are as many ways there are to put robotics to use. As a company formation specialist company, BBMS can help you with the legalities of forming your company and preparing your business for the future. Call us at +974 40120333 or email us at info@bbms.qa for the best in field consultancy.
