Robots as a Service (RaaS) is a model that allows an organization to use robotic technology through a recurring service agreement instead of purchasing the robot outright. The service can include the robot, deployment, training, software updates, monitoring, maintenance and technical support.
RaaS can make automation easier to budget because the investment is structured as a recurring operating expense rather than a large upfront equipment purchase. The exact services, term, pricing and responsibilities depend on the agreement.