1. Growing adoption of robots for new applications is expected to drive growth of the global professional service robots market during the forecast period
Professional service robots are being used in a variety of sectors for numerous applications. For instance, in the healthcare sector, mobile medical robots are typically used to deliver medications and other sensitive materials in hospitals. Many robot manufacturing companies have introduced UVD robots that help hospitals to keep their premise sanitized with the help of ultraviolet light. For instance, in May 2020, Vanora Robots Pvt. Ltd., Indian robotics and artificial intelligence startup introduced an unmanned robotic platform to disinfect the rooms of hospitals, schools, etc. with UV light. Furthermore, professional service robots are used in the defense sector for transport, search & rescue, and attack. Thus, these diverse applications are expected to drive growth of the global professional service robots market during the forecast period.
2. Increasing use of IoT in robots for cost-effective predictive maintenance is expected to propel the global professional service robots market growth over the forecast period
The Internet-of-Robotic-Things (IoRT) is an emerging dynamic in the market that combines an autonomous robotic system with the Internet of Things (IoT) capabilities. It combines vision of connected sensors and smart objects prevalently embedded in the environment. IoRT can provide reduced troubleshooting, simplified wiring, automated adjustment, enhanced functioning, and less space occupation. With IoRT, business owners can monitor and analyze the performance of professional service robots. Supply chain businesses have been adopting IoRT effectively and are expected to gain traction in the near future. Therefore, these factors are expected to propel the global professional service robots market growth over the forecast period.

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Market Dynamics- Restraints
1. High initial investment is expected to hamper the global professional service robots market growth over the forecast period
Initial capital investment for professional service robots is significantly high. Such massive investment is not affordable for small and medium-sized businesses and therefore they prefer to rely on manual labor. Besides, these robots require timely repair and maintenance operations, which incurs into additional cost. Hence, high capital investment and operational cost are expected to hamper the global professional service robots market growth over the forecast period.
2. Prevalent concerns over data privacy and regulations are expected to restrain growth of the global professional service robots market during the forecast period
One of the major issues with professional service robots is data privacy. Many robots can be hacked and can be used for illicit intentions. The robots used in the defense and military sectors are at most risk since those robots can be hacked used to spy, steal confidential data, and in worst case for attack. Although robot manufacturers are tightening security protocols, robots still remain susceptible to hacks. Thus, these factors are expected to drive growth of the global professional service robots market during the forecast period.
Market Opportunities
1. Growing use of robots for companionship and handicap assistance can present lucrative growth opportunities in the global professional service robots market
Apart from use in various end-use sectors, professional robots are now being used to provide assistance to people with disabilities. Disability robots are designed to help people who have physical disabilities that hinder their daily tasks. Disability robots have been proven to provide assistance to people who have abstained injuries that affect their daily chores. Furthermore, companion robots are another emerging concept where robots will be used for the geriatric population. These robots are highly intelligent and make useful assistants at home. They can remind elderly people to take their medications and other daily activities.