Automation as a Service Market Research Report

 


Automation as a Service Market

Automation as a Service Market is predicted to expand at a CAGR of 28% over the forecast period (2021-2028), owing to the evolving need of automation across several end-user industries.

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The growing adoption of automation as a service across business processes as they can shift slow manual process to reliable and faster automated ones, will fuel the automation as a service market. Further, the growing adoption of cloud technology among various business and the increasing adoption of automation as a service across finance, marketing and sales, and HR will bolster the market growth. In addition, the advent of latest technologies such as cloud computing, AI, and Machine Learning is likely to propel the market growth. COVID-19 pandemic has bolstered the demand for automation as a service market, as it helped enterprises and businesses in changing their delivery and operations processes to help their employees work effectively. However, the growing concern towards data safety and privacy and increasing maintenance cost will hamper the automation as a service market share.

By organization size, the small & medium-sized enterprises segment is anticipated to witness a faster CAGR over the forecast period. This is because of various benefits offered to SMEs by automating processes, such as IT, HR, finance, sales & marketing, and operations. Moreover, automation solutions offered to cloud prove to be efficient for SMEs owing to the shortage resources to invest in manpower.

By industry, the BFSI segment is predicted to expand at a higher CAGR over the forecast period. Automation as a service helps compile information to review loan applications, execute the loan processing, authenticate the credit profile, thus growing the adoption of AaaS by BFSI sector.

By region, the North America region is forecast to witness a promising growth over the forecast period, owing to the development of start-ups and the existence of leading IT companies such as Microsoft Corporation, IBM, HP Development Company, L.P.

Leading players operating in the market include IBM, Microsoft Corporation, HCL Technologies Limited, Pegasystems Inc., Hewlett Packard Enterprise Development LP, Automation Anywhere, Inc., Blue Prism Limited, Kofax, UiPath, Nice Ltd., among others.

Key Developments

In 2020, Microsoft Corporation introduced the public review of its new desktop-based Robotic Process Automate (RPA) solution, Power Automate Desktop. This solution extends low-code automation capabilities for organizations and allows coders and non-coders to automate processes and tasks across web applications and desktop.

In 2020, IBM adopted WDG Automation, a Brazilian software vendor of robotic process automation (RPA) intending to advance AI-infused automation capabilities for enterprises.

Automation as a Service Market Segmentation:

Automation as a Service Market by Business Function
  • Information Technology (IT)
  • Finance
  • Human Resources (HR)
  • Sales & Marketing
  • Operations
Automation as a Service Market by Deployment Model
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
Automation as a Service Market by Organization Size
  • Large Enterprises
  • Small & Medium-Sized Enterprises
Automation as a Service Market by Industry
  • BFSI
  • IT & Telecommunication
  • Retail & Consumer Goods
  • Healthcare
  • Manufacturing
  • Others
Automation as a Service Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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