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Global Service Robotics Strategic Research Report 2024: Market to Reach $103.7 Billion by 2030 – Developments in AI, Machine Vision & Machine Learning Remain Critical to Commercialization & Growth

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DUBLIN, Feb. 23, 2024 /PRNewswire/ — The “Service Robotics – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Service Robotics Market to Reach $103.7 Billion by 2030

The global market for Service Robotics estimated at US$31 Billion in the year 2022, is projected to reach a revised size of US$103.7 Billion by 2030, growing at a CAGR of 16.3% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 15.4% CAGR and reach US$71.2 Billion by the end of the analysis period. Growth in the Software segment is estimated at 18.5% CAGR for the next 8-year period.

The report begins with a global economic update, followed by an exploration of how service robots have emerged as critical resources in combating the COVID-19 pandemic. It highlights the increased emphasis on social distancing and cleanliness, which has led to a greater focus on service robots across various sectors.

Specific use cases of service robots during the pandemic are discussed, underscoring their significance in government investments and adoption by industries such as hotels to adapt to socially distanced living. The competitive scenario in the service robotics market is analyzed, along with recent innovations and advancements. The report notes the continued growth in funding for robotics companies and highlights select startups in the service robotics sector.

A comprehensive overview of robots and their types, including personal robots and professional service robots, is provided. The report emphasizes the versatility of service robots across industries and their role as valuable team players. In terms of market outlook, developing countries are expected to drive future growth, leveraging the benefits and technological advances in the professional service robots market. However, challenges confronting the service robotics market are also addressed.

Recent industry activity and the presence of world brands in the service robotics market are highlighted, providing insights into the current landscape and key players shaping the industry.

The U.S. Market is Estimated at $10.8 Billion, While China is Forecast to Grow at 20.3% CAGR

The Service Robotics market in the U.S. is estimated at US$10.8 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$9.8 Billion by the year 2030 trailing a CAGR of 20.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 13.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.8% CAGR.

MARKET TRENDS & DRIVERS

Artificial Intelligence Brings in a Transformation in Service RoboticsAI & Robotics – The FuturePromising Research AreasService Robots & AI: Bundle of Joy Bearing Symbolic Relationship with Service SectorAI Integration into Service Robotics to be More Rampant Going Forward but Challenges RemainApplications of AI-Powered Service Robots Across IndustriesAI-Powered Robots to Zoom in Both Industrial and Non-Industrial EnvironmentsProliferation of Technologies to Create Job Loss and Lead to Data and Ethical Concerns – Mitigation Methods NeededNeed for More Comprehensive and Balanced Regulations Around AI and RoboticsCollaborative Robots to Drive Growth in the Non-Industrial Robots MarketRobotics-As-A-Service (RaaS) Garners AttentionInnovative RaaS PlatformsManufacturers Focus on Service Robots with Impressive Computing PowerBlossoming of Service Robotics with Unabated Technological AdvancesApproaches to Overcome Technological ChallengesDespite Being Young, Service Robots Market Posts Startling Progress & Entails Lucrative AvenuesCustomer Interactions: Service Robots versus Self-Service & Human StaffCustomer Service Eyes on Big Change with Strides in Service Robot Designs & PerceptionsMedical Applications: An Expanding Market for Professional Service RoboticsService Robots in SurgeriesService Robots Aid in Patient RehabilitationDefense Applications: A Key Market for Professional Service RobotsExoskeleton Robots Set to Register Strong GrowthGovernment Spending on Military & Defense: A Determinant of Growth in Defense Robots MarketField Applications Drive Growth in Professional Service Robotics MarketMilking Systems with Advanced Features to Improve Adoption RatePositive Outlook for Dairy Industry Augurs Well for Robotic Milking SystemsDevelopments in AI, Machine Vision & Machine Learning Remain Critical to Commercialization & GrowthRising Penetration of Robotics in Agricultural Sector Bodes WellWorsening Labor Shortages & Rising Labor Costs Drives Interest in Autonomous/Robotic TractorsAutomated & Robotic Equipment to Foray into Food Service SectorRobot Chefs – Revolutionizing Restaurant OperationsContact-less Machines and Robots Address the Shifting Consumer MindsetLogistics Application Segment to Catalyze Growth of Professional Service Robots MarketGrowing Investments in Warehouse Automation to Drive Increased Spending on Warehouse Robotic SolutionsPackage Delivery Gains Significance amid Rise in e-commerceHumanoid Robots for Personalized & Interactive Experience in BanksRobotics in Hospitality Industry: Promising Future AheadAI-Driven Service Robots for Hospitality Sector to Bring in New Possibilities for Improving Customer Experience and LoyaltyImplications of Service Robotics for Hospitality PlayersPersonal Robots Garner MomentumExpanding Application Possibilities Broadens the MarketAdvanced Service Robots for HomeownersAging Population Lends Traction to Eldercare-Assistive RobotsHome-Help Robots for Retirees: The Next Frontier of Robotic AdvancementsHandicap Assistance Robots: A Key OpportunitySales of Mobile Robots on the RiseRobotic Vacuum Cleaners Market for Home Use: Promising Growth OpportunitiesTelepresence to Revolutionize Service Robots IndustryCustomizable & Networked Robots: Emerging Revenue SpinnersChallenges on the Block for Service Robotic Market that Warrant Attention

FOCUS ON SELECT PLAYERS (Total 188 Featured)

Hitachi Ltd.Denso CorporationOmron CorporationLockheed Martin CorporationToyota Motor CorporationElbit Systems Ltd.Industrial Technology Research Institute (ITRI)

For more information about this report visit https://www.researchandmarkets.com/r/155asc

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ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Infidigit Welcomes Pinaki Gupta as an Advisor to Foster Leadership and Drive Strategic Growth

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MUMBAI, India, Dec. 26, 2024 /PRNewswire/ — Infidigit, an AI-enabled digital growth partner known for delivering exceptional results in SEO, CRO, and digital growth, welcomes Pinaki Gupta as Director – Strategy and Oversight. Pinaki’s vast experience in driving business transformation and fostering innovation will be instrumental in shaping Infidigit’s strategic direction and positioning the organisation for long-term success.

With a career spanning global enterprises such as Tata Interactive Systems and MPS Interactive and as the founder of Pisarto, a prominent home decor marketplace, Pinaki has consistently driven innovation and growth. His expertise will play a pivotal role in further scaling Infidigit’s vision and helping it explore untapped opportunities in the dynamic digital marketing ecosystem.

Sharing his thoughts, Pinaki Gupta, said, “Infidigit’s rise as a leader in digital marketing has been remarkable. Kaushal and his team have built an organisation with a strong culture of innovation and performance that truly sets them apart. I am excited to join Infidigit as an Advisor to bring a new perspective and help evaluate business opportunities and accelerate their growth journey. Together, we will focus on building strategic frameworks that ensure Infidigit continues to thrive in an evolving digital-first world.”

Kaushal Thakkar, Founder and Managing Director of Infidigit, said, “Pinaki and I share a long and fruitful professional history, during which I’ve consistently been impressed by his incisive strategic mind. His knack for challenging the status quo and driving transformative change makes him an ideal fit for Infidigit’s ambitious growth trajectory. We’re excited to leverage his mentorship as we reach new heights, fortify our leadership team, and continue delivering exceptional results for our clients.”

Infidigit, under Kaushal Thakkar’s leadership, has consistently set benchmarks in SEO, CRO, and digital growth strategies. With over 100 award-winning campaigns, Infidigit has delivered measurable results across industries. Pinaki’s addition to the leadership team further strengthens its mission of combining innovation, leadership, and performance to help businesses grow sustainably.

About Infidigit:

Infidigit, an AI-enabled digital growth partner, empowers top brands to achieve impactful results through SEO, ASO, CRO, and data-driven digital strategies. At the forefront of AI innovation in marketing, Infidigit is developing a SaaS product to further simplify SEO. With a proven track record of measurable success, Infidigit partners with startups, MSMEs, and enterprises across diverse industries, enabling them to thrive in the digital-first economy. Their commitment to excellence is underscored by over 100 award-winning campaigns recognized by prestigious platforms such as the SMX, APAC Search Awards, ET BrandEquity Shark Awards, Sparkies and Exchange4Media IDMA. Infidigit continues to set new standards in digital marketing, driving sustainable growth and unparalleled success for its clients.

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AU NOMO Credit Card: A Smart Way to Leverage Fixed Deposits

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AHMEDABAD, India, Dec. 26, 2024 /PRNewswire/ — AU Small Finance Bank (AU SFB) has unveiled its latest offering, the AU NOMO Credit Card, a groundbreaking financial product that allows individuals to access credit while still growing their savings. This innovative credit card leverages the power of Fixed Deposits (FDs) as collateral, providing cardholders with enhanced purchasing power without compromising their long-term savings goals.

The AU NOMO Credit Card enables users to use their fixed deposits to secure a credit limit, offering a unique opportunity for first-time credit card applicants or individuals wanting to build their credit scores responsibly. This solution particularly benefits those with limited documentation or a lack of traditional credit history.

Key Features of the AU NOMO Credit Card

Contactless Payments: Enjoy secure and seamless tap-and-pay transactions for daily purchases.Card Liability Protection: Safeguards user against unauthorized transactions, card skimming, and online fraud with comprehensive liability coverage.Reward Points Program: User can earn reward points on retail, utility, and insurance transactions to maximize the value of their spending.Milestone Rewards: Unlock additional rewards for meeting specific quarterly spending goals.Lounge Access Benefits: Get complimentary access to domestic airport and railway lounges, subject to meeting spending criteria.Fuel Surcharge Waiver: Save on fuel transactions within a specified range with a surcharge waiver.

Eligibility Criteria

Here’s what one must know for eligibility criteria for AU NOMO credit card: 

Age: 18 to 75 yearsCitizenship: Indian ResidentFixed Deposit: Creation and maintenance of a fixed deposit with AU Small Finance Bank

The AU NOMO Credit Card (Credit Card against FD) offers an easy and seamless application process with a digital interface, making it accessible to anyone looking to leverage their savings for immediate spending power. The card promises to meet the needs of those starting their credit journey and those seeking additional flexibility in their financial dealings.

The AU NOMO Credit Card redefines the traditional approach to credit by allowing users to continue earning interest on their Fixed Deposits while enjoying the purchasing power that comes with a credit card. Whether for essential daily expenses or significant purchases, the AU NOMO Credit Card perfectly balances saving and spending, empowering individuals to achieve their financial goals without compromise.

For more information on the AU NOMO Credit Card, visit https://www.aubank.in/personal-banking/credit-cards/nomo-credit-card

About AU Small Finance Bank

AU Small Finance Bank, one of India’s leading small finance banks, is committed to transforming banking by focusing on customer-centric services and a deep understanding of the Indian market. More details on AU Small Finance Bank and its financial products like credit cards can be found online.

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Treat Yourself to a New Christmas Experience by Self-Gifting viaim’s AI Recording Earbuds, Perfect for a More Pleasant and Efficient Workplace

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — As Christmas approaches, the concept of self-gifting has become more popular with top business executives to help them get into the holiday mood. Especially designed for the office, a gift of AI recording true wireless earbuds launched by viaim, an AI technology hardware company deeply rooted in the smart office sector, can improve work efficiency, thereby lifting the spirits and improving quality of life for busy workplace elites ahead of the busy and stressful holiday period.

The person who understands themselves best is themselves. It is in this spirit that viaim is encouraging people to give themselves some extra love and care during this holiday season because they deserve it. The Christmas self-gifting trend that has been gaining popularity in recent years sees people pay more and more attention to creating a higher quality life for themselves in their busy work lives. Especially towards the end of the year, consumers are choosing to treat themselves with practical and pleasant gifts for Christmas. Earbuds have become a solid choice for self-gifting because of their usefulness in multiple scenarios, allowing users to enjoy a quality listening experience during work meetings and holiday relaxation time.

The amazing features of the Viaim Nano+ and Viaim Air open-ear AI recording true wireless earbuds make them the perfect choice for self-gifting this Christmas

13 language transcription and real-time translation: During the Christmas holidays, many business professionals travel internationally with friends or spend the holidays with family in countries that don’t speak their native language. viaim headphones allow users to communicate with local people around the world, jumping the language barrier and making cross-border communication smoother and the journey more interactive, fun, and memorable.VIAIM AI Smart Assistant: Generate Summaries and To-Do Lists with one click to help quickly complete an annual report or New Year’s business plan, allowing the festive atmosphere to be enjoyed without missing any key points.Flash Record function: Whether it is to conceive new ideas for next year’s project or suddenly think of a perfect Christmas gift list, inspiration during the holidays is often fleeting. Long press the viaim earbuds for one-click flash recording to capture ideas as soon as the spark of inspiration comes to mind.Noise reduction and a comfortable wearing experience: High-quality 45db noise reduction can provide users with a moment of quietness at Christmas parties, and the comfortable and lightweight design is suitable for long-term wear, meaning a quiet and enjoyable listening atmosphere can be enjoyed during the holidays.

Cecile from VIAIM shared: “Christmas is the time of year to relax and be grateful. It is of course a time to give gifts and be generous to others, but we also must remember to be kind to the person that knows us best – ourselves. Through our brand vision of “work smarter, not harder,” we hope to help people find their own special holiday moments in their busy work life by using our super-efficient office earbuds, so that everyone can enjoy a more productive and enjoyable life experience. I would like to personally wish all our customers, both new and old, a peaceful, relaxing, and happy Christmas.”

About VIAIM

VIAIM is an innovative technology company in the consumer-goods sector. With a focus on versatile, multimodal interactions, we strive to provide effective solutions that meet users’ specific needs. By harnessing state-of-the-art technology, we bring our visionary ideals to life, helping people embrace the incredible possibilities the Company offers.

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SOURCE VIAIM

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