Blockchain Press Releases
Robot As A Service Market to Hit $4.12 Billion By 2030: Grand View Research, Inc.
SAN FRANCISCO, July 18, 2023 /PRNewswire/ — The global robot as a service market size is estimated to reach USD 4.12 billion by 2030, growing at a CAGR of around 17.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing demand for automation in various industries is driving the market growth. Companies seeking to improve efficiency and productivity are turning to automation technologies like robots. This technology provides an affordable and flexible way for companies to access advanced robotics technology, allowing them to automate their operations without significant upfront investments.
Key Industry Insights & Findings from the report:
- The small and medium enterprises (SMEs) segment is expected to record a significant CAGR of around 19.0% from 2023 to 2030 due to the increasing demand for automation, efficiency, and cost savings in various industries.
- The logistics end-use segment is anticipated to witness the fastest CAGR of over 15.0% from 2023 to 2030. This growth can be attributed to increasing demand for cost-effective and efficient transportation and warehousing solutions.
- Asia Pacific is anticipated to register the highest CAGR over the forecast period. The rapid growth of e-commerce and the subsequent increase in demand for efficient logistics and warehousing solutions have driven the market’s growth in the region.
- The major companies operating in the market include KUKA AG, Fanuc Corporation, iRobot Corporation, and Aethon.
Read 140 page market research report, “Robot As A Service Market Size, Share & Trends Analysis Report By Enterprise Size (SME, Large), By Application (Handling, Dispensing, Welding & Soldering), By Industry Vertical, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.
Robot As A Service Market Growth & Trends
The need to reduce labor costs also fuels the demand for these robots. In many industries, labor costs are high, and companies are looking for ways to reduce these costs without sacrificing productivity. Robots can perform tasks more efficiently and consistently than human workers, making them an attractive option for companies looking to reduce labor costs. The subscription per hour follows a usage-based approach, where customers are charged for the duration of the robot’s utilization. This model offers flexibility to businesses as they only pay for the specific period they require the robotic services by aligning costs with actual usage.
The market’s growth is due to the increasing adoption of robots in various industries such as healthcare, logistics, retail, and manufacturing. Companies want to automate repetitive and tedious tasks to improve efficiency and productivity. It provides a cost-effective solution for companies to access the benefits of robotics without the high upfront costs. Companies can rent or lease robots which helps them avoid the large expenses associated with purchasing and maintaining robots.
Companies are also receiving venture funding which helped them to drive innovation and accelerate the adoption of robotics. Startups in the market have received significant investments, which has enabled them to develop more advanced and sophisticated robots. For instance, cobots are becoming more popular in the market, as these robots are designed to work alongside humans and can be programmed to perform a wide range of tasks. They are particularly useful in industries such as manufacturing and logistics, where they can help to improve efficiency and safety.
Larger enterprises have been early adopters of robot as a service (RaaS) solutions; however, there is a significant opportunity for their providers to target SMEs. SMEs may need more resources to invest in expensive robotics equipment; however, they could benefit from this technology solution that allows them to access the robots without the high upfront cost.
As the capabilities of robots continue to evolve, new use cases for these robots are likely to emerge. For example, various industries could use robots for cleaning, security, and inspection tasks. The demand for service robots designed to interact with humans will increase during the forecast period. Companies are capitalizing on this trend by offering service robots as part of their offerings. Service providers develop and offer software solutions for robot control and operating systems. These software platforms enable users to monitor and control the robots, manage their movements, coordinate multiple robots, and perform tasks efficiently. The software allows for seamless integration of different hardware components and provides a user-friendly interface for programming and customization.
Robot As A Service Market Report Scope
|
Report Attribute |
Details |
|
The market size value in 2023 |
USD 1.33 billion |
|
The revenue forecast in 2030 |
USD 4.12 billion |
|
Growth rate |
CAGR of 17.5% from 2023 to 2030 |
|
The base year for estimation |
2022 |
|
Historical data |
2018 – 2021 |
|
Forecast period |
2023 – 2030 |
Robot As A Service Market Segmentation
Grand View Research has segmented the global robot as a service market based on enterprise size, application, industry vertical, and region:
Robot As A Service (RaaS) Market – Enterprise Size Outlook (Revenue, USD Billion, 2018 – 2030)
- Small & Medium Enterprises
- Large Enterprises
Robot As A Service (RaaS) Market – Application Outlook (Revenue, USD Billion, 2018 – 2030)
- Handling
- Assembling and Disassembling
- Dispensing
- Processing
- Welding and Soldering
- Others
Robot As A Service (RaaS) Industry Vertical Outlook (Revenue, USD Billion, 2018 – 2030)
- BFSI
- Defense
- Healthcare
- Automotive
- Manufacturing
- Retail
- Telecom & IT
- Logistics & Transportation
- Others
Robot As A Service (RaaS) Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- UAE
- South Africa
- Rest of the Middle East and Africa
List of Key Players in the Robot As A Service Market
- Ademco Global
- Aethon
- ABB Group
- Amazon Web Services Inc.
- Beetl Robotics
- Berkshire Grey Inc.
- Cobalt Robotics
- CYBERDYNE Inc.
- Fanuc Corporation
- iRobot Corporation
- inVia Robotics
- Kongsberg Maritime
- KUKA AG
- Locus Robotics
- Northrop Grumman
- RedZone Robotics
- Relay Robotics
- Yaskawa Electric Corporation
Check out more related studies published by Grand View Research:
- Educational Robot Market – The global educational robot market size is expected to reach USD 5.55 billion by 2030, growing at a CAGR of 24.8% from 2023 to 2030, according to a new study by Grand View Research, Inc. The growth in the market can be attributed to the increasing preference for interactive learning methods in educational institutions. These robots incorporate real-life educational models to facilitate skill acquisition and offer a wide range of information in subjects like STEAM, computer programming, linguistics, history, and geography. In addition, the incorporation of advanced mechanics, voice control, and gestures keep young students engaged while enhancing their educational experience.
- Warehouse Robotics Market – The global warehouse robotics market size is anticipated to reach USD 17,292.1 million by 2030, exhibiting a CAGR of 19.6% over the forecast period, according to a new report published by Grand View Research, Inc. The expansion of the e-commerce industry, rising labor costs, and the need for greater efficiency and accuracy in warehouse operations fuel the growth of the market.
- Industrial Robotics Market – The global industrial robotics market size is expected to reach USD 60.56 billion by 2030, expanding at a CAGR of 10.5% from 2023 to 2030, according to a new study by Grand View Research, Inc. The increasing trend of mass production, predominantly in the manufacturing of automobiles, electronics, and packaged food, among others, is expected to drive market growth. For instance, in March 2022, Ford Motor Company integrated industrial robots in its factories to operate 3D printers which produced small car parts.
Browse through Grand View Research’s IT Services & Applications Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Research Insights
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SHANGHAI, March 18, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading Bitcoin mining company with an automotive transaction service in China, today announced that it has been included in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to forward-looking publicly traded corporations holding a minimum of 1,000 Bitcoins on their balance sheets.
“We are proud to be included in the recently launched Bitwise Bitcoin Standard Corporations ETF. Our inclusion highlights the industry’s acknowledgement of our strategic pivot to Bitcoin mining and significant achievements in such a short time,” said Mr. Jiayuan Lin, Chief Executive Officer of Cango. “As a forward-looking company, our future-ready business model ensures we are well-positioned for sustained growth, global expansion, and operational flexibility in the Bitcoin mining sector in 2025 and beyond.”
Since transitioning to a capital-light Bitcoin mining model in Q4 2024, Cango has achieved a number of milestones, including leading the industry in productivity per hash rate with 17.81 Bitcoin per EH/s and securing a hashrate of 32 EH/s, ranking 3rd globally.
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Headquartered in Shanghai, China, Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com
Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: ir@cangoonline.com
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Blockchain Press Releases
BingX Levels Up Trading Experience with CScalp’s Advanced Features & Fee Discounts
PANAMA CITY, Panama, March 18, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its integration with CScalp, a free and powerful trading terminal designed for active cryptocurrency and futures traders. This partnership aims to provide BingX users with advanced trading tools and a seamless trading experience across multiple exchanges.
CScalp is renowned for its robust features tailored for scalping and intraday trading. The platform allows traders to operate across multiple exchanges and trade different instruments within a single interface. Its user-friendly interface and comprehensive tools are optimized for quick market analysis, one-click order placement, and efficient position management.
With this integration, BingX users can now leverage CScalp’s capabilities to enhance their trading strategies. The platform’s features, such as multi-account management, stable connection, and customizable workspace, will enable users to execute trades more efficiently and effectively. BingX users can also benefit from discounts on exchange fees, access to trading signals, and an active trader community, fostering a more informed and cost-effective trading experience.
“We are thrilled to integrate BingX with CScalp, providing our users with a powerful tool to enhance their trading experience”, said Vivien Lin, Chief Product Officer of BingX. “This collaboration underscores our commitment to offering innovative solutions that cater to the diverse needs of our trading community.”
This integration not only benefits individual traders but also strengthens BingX’s position in the market by offering a more versatile and user-centric platform. By aligning with CScalp, BingX continues to demonstrate its dedication to providing cutting-edge tools and services that empower its users to navigate the dynamic cryptocurrency trading landscape with confidence.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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Blockchain Press Releases
HTX Ventures: Striking a Balance between Compliance and Innovation in a Shifting Regulatory Landscape
SINGAPORE, March 18, 2025 /PRNewswire/ — HTX, a leading crypto exchange, has been ranked as the “Top 3 Exchanges for EUR-Stablecoin Trading Activity” in a recent CoinDesk report titled “MiCAR: The Institutional Playbook for Europe’s Digital Asset Market“. The report explores key trends shaping the European digital asset market with the implementation of Markets in Crypto-Assets Regulation (MiCAR) and highlights that HTX achieved a monthly average EUR-stablecoin trading volume of €48 million, with a notable volume of €33 million in November 2024, ranking third following Binance and Coinbase.
This surge in EUR-denominated trading coincides with the regulatory shifts. Regulatory clarity has become a key driver of institutional adoption and market confidence. The full rollout of MiCAR represents a major milestone for the industry, offering a unified framework that spans across 27 European Union (EU) member states. While MiCAR streamlines compliance and fosters innovation, it also brings along complex challenges that exchanges must navigate. HTX Ventures explores both the opportunities and hurdles that come with this landmark regulation.
Alec Goh, Head of HTX Ventures, said, “The implementation of MiCAR is a major step in the right direction for the crypto industry, providing much-needed regulatory clarity and fostering an environment conducive to institutional adoption. As jurisdictions worldwide become more crypto-friendly, a united framework like MiCAR will accelerate innovation while ensuring robust compliance. At HTX Ventures, we see this as an opportunity to drive the development of on-chain compliance tools, support the emergence of compliant DeFi solutions, and bridge the gap between traditional finance and digital assets.”
Opportunities:
- Unified Regulatory Framework Reduces Costs and Boosts Market Confidence
MiCAR covers all 27 EU member states through a “single license” approach, enabling exchanges to significantly reduce compliance costs across borders. This unified regulatory framework provides a clear and stable regulatory environment for the market, increasing confidence and participation among institutional investors while positioning Europe to becoming the world’s largest compliant digital asset market. - Technological Innovations Drive On-Chain Compliance Tools
To meet MiCAR’s stringent anti-money laundering (AML) and reserve monitoring requirements, exchanges can actively explore compliance tool innovations, including:- Using oracle networks to modularize AML rules and reserve monitoring, executing them on-chain for real-time data transparency.
- Adopting zk-SNARKs to build an on-chain central platform for regulatory data, enabling transaction data desensitization to balance regulatory transparency with user privacy.
- Leveraging account abstraction technology (ERC-4337) to integrate KYC processes into non-custodial wallets, lowering barriers for traditional financial institutions to access DeFi.
- New Opportunities for the Convergence of Traditional and Crypto Assets
With platforms such as Coinbase launching securitized tokens, exchanges can introduce real-world asset (RWA) trading. This includes income-based stablecoins backed by US stocks or Treasuries, enabling users to leverage assets like USDT for multi-asset allocation and global liquidity matching.
Challenges:
- High Costs and Technical Complexity of Compliance
MiCAR imposes strict requirements on stablecoin issuers and Crypto Asset Service Providers (CASPs), including adequate reserves, regular audits, and robust anti-money laundering measures. Exchanges must invest significantly in R&D to integrate compliance tools, data desensitization techniques, and on-chain regulatory platforms without compromising market fluidity.
- Uncertainty in the Dynamic Policy Environment
With regulatory policies evolving rapidly, exchanges must establish multi-chain testing environments and collaborate with regulatory-friendly regions (e.g., Lithuania, Malta) for cross-border stress tests and regulatory scenario simulations. This requires continuous investment, with risks at the policy interpretation and implementation levels.
- Security Risks and Stringent Custody Requirements
Following high-profile incidents like FTX, MiCAR has introduced rigorous digital asset custody requirements, mandating bank-level security measures to prevent hacking and asset loss. As DeFi integrates with traditional financial regulations, exchanges must address both technical vulnerabilities and evolving security risks.
HTX Ventures firmly believes that under a clearer regulatory framework such as MiCAR, exchanges can achieve a win-win situation through technological innovations and global asset allocation, balancing compliance with market innovation. Moving forward, the firm will continue to leverage its insights and expertise to actively explore on-chain compliance tools, expand RWA trading, and build a dynamic testing environment, navigating regulatory complexities and ensuring that crypto innovation remains aligned with long-term institutional adoption and market sustainability.
– End –
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here.
Feel free to contact us for investment and collaboration at VC@htx-inc.com.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
For more information on HTX, please visit the HTX Square, or https://www.htx.com/, and follow X, Telegram, Discord. For further press enquiries, please contact glo-media@htx-inc.com.
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