The number of business verticals experimenting with service robotics have increased. These industries are aiming at ensuring customer delight.

Today, witnessing a robot being built from the ground up with force-control is no mystery say industry experts at Allied Market Research. Industry leaders studying the market size and share of the service robotics market have been blown away by their human-like dexterity and capabilities. What started with a classical approach to the harmonic gears and high-speed motors are finally driving up the cost factor and need to limit the controllability worldwide. Having said this, we should not ignore the final performance of these machines. Not only the warehouses and restaurants but also the e-commerce fulfillment segment has keep the prospects of the service robotics market high.

Service robotics market observe increasing demand in e-commerce fulfillment

Development of robotics-as-a-service solution for e-commerce fulfillment is believed to be a major breakthrough in the service robotics market space. The credit however goes to the inVia robotics, who claims to have invented first-of-its-kind, goods-to-box system. Capable of lifting articles weighing about 30 lbs, company’s robot named Grabit is helping the brand compete with few big names in the e-commerce space. Inauguration of such system help accuracy level shoot up through the roof. It helps the logistics companies process larger order with their existing resources. Thus keeping the labor cost per order low yet increasing customer satisfaction. Robotics-as-a-service today assures cost certainty and helps the customers understand how much they need to spend per pick. With this cost-effective technology hitting the ground, the speed of deploying a new system is expected to expedite the pace with fulfillment centers will be setup worldwide.

Countries enlist robotic technology to deliver mails

Speculations over the sidewalks getting more and more crowded in certain countries are finally increasing. All thanks to their decision to test and implement robotic technology that delivers medicine and food. Switzerland tops the list of the countries planning on taking such a bold step. These robots are made up of 6 wheeled pods that will travel slowly on the sidewalks. Designed to avoid any hurdles, including vehicles, pedestrians etc., these robots have arrived from the famous Starship Technologies. The machines were earlier tested in countries such as Germany and Britain. Makers are confident about the test results in Washington, DC. Expressing her sentiments about the new innovation Claudia Pletscher, who heads the development programs at Swiss Post said "We don't believe in substituting the human being part." However, adding ground robots would not mean the extension of delivery men from the postal services.

Bank rely on service robotics industry to greet their customers

It’s not only the post, but several banks are planning on deploying robots to greet their potential customers. The experiment seems to be a huge success in India. Many of you would be excited to know that its none other than country’s second largest private bank, HDFC who plans on improving customer delight through service robots. Yes, customers who often face difficulties with common tasks such as money transfer, withdrawing and will have bots assisting them. These intelligent machines are a part of the institution’s program called "

Industry experts at AMR say this is just the beginning as unmanned humanoid will become common in the banking and financial sector soon. These machines will come highly equipped with touchscreen displays and help customer solve different queries. The beta test of service robots is in full swing in different regions and recent studies confirm the claims.

Your search for a companion at the retail store ends here, find how?

Looking for a wrench at a store and don’t know where to find it? Lowe has a perfect plan to help you find what you are looking for. This popular home improvement retailer has launched LoweBot in about 11 stores located at San Francisco Bay area. Autonomous service robots like these are not only capable of getting around a particular store but also scanning the inventories and helping customers find what they are looking for. So now customer can either type their request or choose to ask the bots. However, Lowe is not alone in it chase for innovation as there are many other stores planning to become a robot -run outlet devoid of any man force. Explaining more about the project Marco Mascorro, the CEO of Fellow Robots said "Leaving the data and simple recommendations to NAVii allows Lowe's employees to devote their attention to the Lowe's customer."

So with different business verticals experimenting with the robots, the service robotics market will grow exponentially in the next five to six years.