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The service robotics market is growing due to the increasing use of service robots for new applications such as delivery, social distancing, and disinfection. The COVID-19 pandemic has resulted in a surge in the need for service robots that minimize human interaction and exposure. Additionally, the quick adoption of IoT in robots for predictive maintenance is another driver propelling the growth of the service robotics market size. However, the high cost and technical know-how required to operate and maintain service robots, as well as the lack of precise laws and regulations, are some of the factors hindering the growth of the market.
