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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

About ResearchAndMarkets.com
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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SOURCE Research and Markets

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BinBase Launches 2026 BIN Database Featuring 6-11 Digit Waterfall Lookup for High-Precision Payment Routing

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BinBase introduces its upgraded 2026 BIN Database, offering 3.2M+ card ranges, 29 granular data attributes, and extended 8-11 digit accuracy to eliminate false-positives and optimize routing for global fintechs.

MIAMI, July 21, 2026 /PRNewswire-PRWeb/ — BinBase, a provider of payment intelligence and card issuing data, has announced the official release of its updated 2026 BIN Database. Engineered for payment gateways, acquiring banks, fraud prevention platforms, and e-commerce platforms, the updated dataset solves critical routing inaccuracies caused by the industry-wide shift from legacy 6-digit BINs to extended 8-to-11-digit card ranges.

Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the surgical precision developers need for cost-effective payment routing.

Since ISO/IEC 7812 expanded the standard Bank Identification Number (BIN) length to 8 digits, traditional 6-digit lookup tables have struggled to correctly identify modern card profiles. This leads to false positives, misidentified interchange fees, and failed transactions. BinBase addresses this challenge by introducing a multi-tiered database structure supporting up to 11-digit precision, alongside a recommended “Waterfall Lookup Algorithm.”

To ensure 100% routing and verification accuracy, the Waterfall method executes a descending search sequence: checking 11-digit BIN ranges down through 10, 9, 8, 7, and 6 digits until an exact match is resolved.

Key technical specifications of the 2026 BinBase release include:

Over 3.2 Million Card Ranges: Full global coverage including Visa, Mastercard, Amex, Discover, UnionPay, JCB, and regional networks.Extended Precision: Over 88% of the dataset consists of high-precision ranges (8–11 digits) to accurately isolate sub-brands, currencies, and card tiers.29 Granular Attributes: Beyond core issuer data, the database features advanced parameters including Durbin Regulation status, US Debit/ATM network routing (STAR, NYCE), Fast Funds (Visa Direct / Mastercard MoneySend indicators), commercial Level 2/Level 3 data, and digital wallet token ranges (Apple Pay / Google Pay).

“Modern payment processing requires surgical precision,” said a spokesperson for Damiko Inc. “Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the underlying intelligence developers need to build resilient, cost-effective payment infrastructure.”

Developers and payment teams can evaluate the full 29-field database schema, review integration examples, and download a free 2026 sample dataset on the official GitHub repository.

To learn more about full commercial licensing options, instant CSV downloads, and custom API delivery, visit BinBase.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate fraud.

Media Contact

Fedor Lavrikoff, BinBase, 1 +17866133333, sales@binbase.com, htttps://www.binbase.com 

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SOURCE BinBase

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Redington Limited and AutomationEdge Announce Strategic Partnership to Accelerate Enterprise Automation and Agentic AI Adoption

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MUMBAI, India, July 22, 2026 /PRNewswire/ — Redington, a leading technology aggregator and innovation catalyst, and AutomationEdge, a leading Agentic Process Automation platform for global enterprises, have announced a strategic partnership to accelerate the adoption of enterprise automation and Agentic AI. The collaboration brings together Redington’s extensive distribution ecosystem and partner network with AutomationEdge’s enterprise-grade Agentic Process Automation platform to enable faster, scalable, and outcome-driven digital transformation for organizations.

As a part of the partnership, AutomationEdge’s portfolio of AI Agents and automation solutions is now available through the Redington AI Exchange Marketplace, enabling partners and customers to easily discover, evaluate, and deploy enterprise-ready AI solutions. This availability significantly reduces the time required to adopt AI-driven automation and provides organizations with access to proven use cases that can deliver measurable business outcomes.

The partnership is focused on delivering solution-led automation offerings that simplify adoption for enterprises and channel partners. By combining Redington’s go-to-market reach with AutomationEdge’s 10x automation capabilities, the two organizations aim to help businesses move from fragmented automation initiatives to enterprise-wide orchestration—driving efficiency, agility, and operational excellence.

Through this collaboration, both companies will jointly promote pre-built automation and AI Agent solutions across key business functions, including banking operations, insurance processes, IT / HR operations, customer service, and finance functions. These solutions include ready-to-deploy workflows, AI Agents, demonstration environments, and implementation frameworks designed to accelerate deployment and reduce complexity.

The partnership will also include joint go-to-market initiatives such as partner enablement programs, co-branded workshops, solution showcases, and proof-of-concept (PoC) engagements. These initiatives are designed to equip Redington partners with the knowledge, tools, and support needed to successfully position, sell, and implement AI-powered automation solutions for enterprise and mid-market customers.

Sayantan Dev, Global Head, Software Solutions Group, Redington, said, “The next phase of AI adoption will be defined by execution. Through the Redington AI Exchange Marketplace, we are bringing together the technologies and ecosystem needed to help partners deliver real business outcomes at scale. AutomationEdge’s Agentic AI and automation capabilities strengthen our ability to enable customers to accelerate AI adoption with greater speed, governance, and confidence.”

Prasad Likhite, Chief Sales Officer of AutomationEdge, said, “We are delighted to strengthen our partnership with Redington and accelerate the adoption of next-generation enterprise automation and Agentic AI solutions across the market. The availability of AutomationEdge AI Agents through the Redington AI Exchange Marketplace marks an important milestone in democratizing AI-led transformation, enabling enterprises to rapidly scale intelligent automation initiatives with speed, agility, and measurable business impact. At the same time, it creates significant opportunities for partners to drive innovation, unlock new revenue streams, and deliver greater value to their customers.”

The collaboration also emphasizes localized support, implementation expertise, and customer success services, ensuring that organizations can seamlessly deploy, manage, and scale automation initiatives. By leveraging Redington’s strong partner ecosystem and AutomationEdge’s deep expertise in automation and Agentic AI, the partnership is well-positioned to address the evolving needs of modern enterprises.

As organizations increasingly prioritize productivity, operational efficiency, and AI-led transformation, this partnership marks a significant step toward making enterprise automation and Agentic AI more accessible, scalable, and impactful across industries.

 About Redington

Redington Limited (NSE: REDINGTON) (BSE: 532805), a leading technology solutions provider, empowers businesses in their digital transformation journeys. Guided by its brand narrative “Unlock Next”, Redington goes beyond distribution to remove barriers, accelerate digital adoption, and unlock access, growth, trust, efficiency, and impact—helping businesses, communities, and societies embrace what’s next in technology

About AutomationEdge

AutomationEdge is a leading Agentic Process Automation platform for global enterprises. Its platform enables organizations to automate complex business processes, deploy AI Agents at scale, improve operational efficiency, and accelerate digital transformation initiatives across industries.

Media Contact:
Rahul Wandile
rahul.wandile@automationedge.com

 

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Applied Intuition Launches Dana, the Agentic Platform for Physical AI

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New platform pairs agentic AI with the tooling, data, infrastructure and domain expertise Applied Intuition has built over nearly a decade to speed the safe development of intelligent machines for the physical world.

Dana is the first agentic platform for building, testing, deploying and operating physical AI systems across industries.Built on nearly a decade of Applied Intuition’s tooling, infrastructure, workflows and engineering expertise, Dana is purpose-built for safety-critical systems operating in the physical world.Dana helps companies build physical AI applications for any industry or use case, from autonomy and software-defined vehicles to fleet operations, robotics, construction, mining and intelligent in-vehicle experiences.Dana has already reduced critical phases of vehicle development from months to days in internal and select customer deployments.

SUNNYVALE, Calif., July 22, 2026 /PRNewswire/ — Applied Intuition, Inc., a leader in physical AI, today announced the launch of Dana, the first agentic platform for building, testing, deploying and operating physical AI systems across industries. Dana combines the power of agentic AI and rapid application development with nearly a decade of Applied Intuition’s tooling, infrastructure and engineering knowledge. The result is a unified system that accelerates the development of intelligent machines in the physical world.

“We believe physical AI will become one of the defining technologies of this century,” said Qasar Younis, co-founder and CEO of Applied Intuition. “Our ambition is to help bring intelligence to a billion machines, and Dana is the platform we built to make that possible.”

Unlike general-purpose AI tools designed primarily for digital workflows, Dana is built for the complexities of machines operating in the physical world. Dana comes with all the platform capabilities needed to build and deploy safety-critical physical AI applications, including data, visualization and tooling, as well as the evaluation, traceability and governance these systems require. The platform was designed to work across industries and with a wide range of use cases, from software-defined vehicle development and advanced driver assistance systems (ADAS) to mining and construction operations, truck fleet management, robotics and intelligent in-vehicle experiences. With Dana, customers can:

Deploy Applied Intuition’s reference applications — spanning autonomy, fleet operations, and more — or build their own.Use both natural language and command-line interfaces to complete complex development tasks more intuitively and accelerate iteration cycles across teams and systems.Integrate the platform with enterprise systems and collaboration tools, like Slack and Jira, helping organizations connect fragmented engineering and operational workflows while embedding agentic capabilities across the development process.

Applied Intuition has used Dana internally since last year, building and delivering solutions on the platform for long-standing customers across automotive, trucking, mining, and agriculture. Dana’s agent-driven workflows have reduced critical phases of vehicle development timelines from months to days in some cases. Applied Intuition has offered limited, early access to select customers, including heavy-equipment manufacturer Komatsu and Isuzu Motors, who is using the platform to accelerate L4 autonomy for its fleet of commercial trucks.

“We’ve been impressed by how Dana can streamline complex engineering workflows and accelerate development,” said Yasuhiro Yazawa, Director, Isuzu Motors Limited, Japan. “Dana gives our engineering teams greater confidence to develop, track and deploy safe autonomous-vehicle capabilities at a much faster pace.”

“Applied Intuition has been a valuable technology partner as we continue advancing the digital capabilities that support the next generation of mining equipment and solutions,” said Peter Salditt, CEO, Komatsu Mining. “Dana represents another step forward, bringing intelligent, agentic capabilities into our engineering workflows to help our teams innovate faster, improve efficiency and ultimately create greater value for our customers’ operations.”

Dana is designed to help companies keep up with the fundamental shift now underway across industries. As autonomous vehicles, robots and industrial systems become more capable, manufacturers need a more integrated way to build, validate and deploy them safely. Dana gives teams a faster path from idea to production, and the confidence to put increasingly intelligent machines into the real world.

The future of AI is physical. Dana was built for it.

To learn more about Dana and Applied Intuition’s physical AI platform, visit AppliedIntuition.com.

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems, and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with nearly two dozen offices across the globe, including in London, Munich, Tokyo, Seoul, and the Washington, D.C. metro area. Learn more at applied.co or press@applied.co.

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SOURCE Applied Intuition, Inc.

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