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The Growth of the Global Service Robots Market

Service robots are engineered to assist humans and perform useful tasks on their behalf. In recent years, improved ease of use, quality, and lower operational expenses have increased worldwide acceptance of service robots. A Market Research Engine report says that the Global Service Robotics market is expected to reach almost $24 billion by 2022. The market is projected to have a compound annual growth rate (CAGR) of more than 15%.

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