IMARC Group’s latest report, titled “Automation as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the automation as a service market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global automation as a service market reached a value of US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.9 Billion by 2027, exhibiting a CAGR of 27.07% during 2022-2027.
Automation as A service (AaaS) is a process of technologizing numerous operations associated with the business process. It is a platform-based solution that is widely used for automating repetitive business tasks by analyzing and recording data generated by existing applications. It is specifically designed to assist in managing daily professional and personal tasks. It integrates various domains’ events, processes, and functions into automation layers to produce a unified interface for all workflows. It comprises programmable, flexible, and fixed automation, which manipulates data and triggers responses while communicating with other digital systems, acquiring higher productivity and performance. As a result, it aids the business organization in capturing and interpreting large volumes of data and reduces human interventions.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- Automation Anywhere Inc
- Blue Prism Limited
- HCL Technologies Limited
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- Kofax Inc
- Microsoft Corporation
- NICE, Pegasystems Inc
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Automation as a Service Market Growth:
The escalating preference for industrial automation majorly drives the global market. This can be attributed to the increasing deployment of automation in existing and new business activities to enhance productivity and reduce operating costs. With the emergence of cognitive computing and virtual workspaces, the demand for AaaS platforms has escalated for executing numerous operations, thereby supporting the growth of the market. The market is further driven by the rising incorporation of AaaS platforms in automated draft deposits, cash deposits, and teller machines across the BFSI sector. In addition, the accelerating need for converting information into digital form to gain insights to make strategic decisions is considered as a growth-inducing factor. Moreover, the growing integration of connected devices with industrial machine learning (ML), artificial intelligence (AI), and the Internet of Things (IIoT), coupled with the advent of Industry 5.0, is creating a positive market outlook.
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Key Market Segmentation:
Breakup by Component Type:
Breakup by Business Function:
- Information Technology
- Sales and Marketing
- Human Resource
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium Enterprises
Breakup by Vertical:
- Telecom and IT
- Retail and Consumer Goods
- Healthcare and Life Sciences
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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