According to a McKinsey Global Industrial Robotics Survey, companies worldwide are increasingly betting on automation, with the retail and consumer goods sector leading the way.
The research showed automated systems are expected to account for 25% of capital spending over the next five years in this sector.
Meanwhile, for logistics and fulfillment players, automation will represent 30% or more of their capital spending.
The report also found that while companies were willing to invest heavily in robotics and automation, they often lacked the internal experience to do so.
This presents a market-winning opportunity for technology providers who can help these companies overcome challenges related to technology selection, implementation planning, and acquiring the necessary skillset required for roll-out.
To differentiate themselves from competitors, vendors should offer cost-efficient and scalable solutions, with full-service models proving to be the most desirable option.
