Automation-as-a-Service Market:
Growth opportunities in the Automation-as-a-Service Market look promising over the next six years. This is mainly due to the massive utilization of cloud technology within enterprises to stimulate business expansion.
Automation-as-a-Service Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the drivers propelling the growth of the global automation as a service market include the augmenting acquisition of these services across business operations and excessive implementation of cloud technology within organizations to enhance business growth. Also, these services are concerned with the manipulation of data, stimulating responses, and communicating them with other digital systems. Moreover, these services allow the enterprises to lean towards genuine and steady automation across the organizations in real-time. The increasing endorsement of cloud services such as Google Cloud, Amazon Web Services (AWS), and Microsoft Azure led by their capability to scale up or down based on the use, self-service, better resiliency, and pay-per-use further stimulates the automation as a service market size.
Furthermore, the widespread outbreak of the coronavirus pandemic extensively raised the market share. During the COVID-19, these services assisted businesses and corporations to transform the service delivery and functioning process and allow their employees to practice remote working. The significant switch in productized services, remote workspaces, self-service channels, comprehensive Artificial Intelligence technology, and ‘as a service’ models will boost the market growth.
However, the rising threats associated with data safety and privacy, complex integration of data concerned with the smart, automated systems, along high maintenance cost are the major factors hindering the market share.
Organization Size Segment Drivers
Based on the organization size, the SMEs are predicted to witness a faster CAGR over the forecast period. This is primarily attributed to the enormous benefits acquired from these enterprises through the automation of processes, including HR, finance, IT, sales & marketing, and operations. Additionally, the solutions imparted on the cloud are beneficial for these organizations as they do not have enough resources to invest in manpower. In addition, investment in these solutions can modernize the business processes making them more profitable. These factors supplemented the market growth.
Automation-as-a-Service Market’s leading Manufacturers:
- Nice Ltd.
- Kofax
- Automation Anywhere, Inc.
- Hewlett Packard Enterprise Development LP
- IBM
- UiPath
- Blue Prism Limited
- Pegasystems Inc.
- HCL Technologies Limited
- Microsoft Corporation
Automation-as-a-Service Market Segmentation:
Segmentation by Business Function
- Information Technology (IT)
- Finance
- Human Resources (HR)
- Sales & Marketing
- Operations
Segmentation by Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
Segmentation by Organization Size
- Large Enterprises
- Small & Medium-Sized Enterprises
Segmentation by Industry
- BFSI
- IT & Telecommunication
- Retail & Consumer Goods
- Healthcare
- Manufacturing
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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