Jan 25, 2021 (AmericaNewsHour) -- Global Automation-as-a-Service Market is estimated to reach $14.1 billion by 2025; growing at a CAGR of 27.4% from 2017 to 2025. The automation-as-a-service is the technique of integrating all territory & functionality equipment into abundant automation layers to combined interface for all workflows. With growing adoption of cloud technology as well as emerging demand for automation, the global automation-as-a-service market expected to grow at a high growth rate over the forecast timeframe. Automation-as-a-service empowers organizations to automate the business processes through capturing & interpreting data from existing applications. It supports organizations to move from slow manual processes to fast, reliable automation across the organization with minimum time.
Factors driving the growth of the global automation-as-a-service market are growth in demand for automation and rising adoption of the cloud technology. Moreover, with increasing demand for automation, it is being accepted by (SMEs) and large organizations among several sectors such as healthcare & life sciences, telecom and IT, media & entertainment, BFSI, and manufacturing, among others. However, absence of awareness regarding automation may hamper the market growth. Furthermore, growing implementation across various sectors & SMEs would unfold with numerous growth opportunities in the forecasted year.
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Major segments of the global automation-as-a-service market are component, type, deployment model, business function, organization size, industry, and geography. The component segment comprises solution and services. Type contains knowledge-based automation and rule-based automation. Further, market is bifurcated by deployment model into private cloud, hybrid cloud and public cloud. Sales and marketing, operations, finance, human resources (HR) and information technology (IT) are the subsegments of business function. Organization size comprises large enterprises and small and medium-sized enterprises (SMEs). Furthermore, the market is divided on the basis of industry into government and defense, retail and consumer goods, banking, financial services, and insurance (BFSI), energy and utilities, manufacturing, media and entertainment, transportation and logistics, telecom and IT, healthcare and life sciences, and other industries.
Geographically, the global automation-as-a-service market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S. and Rest of North America whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The major players competing in the market are Hewlett Packard Enterprise, Kofax Inc., Blue Prism, Pegasystems Inc., Automation Anywhere, Inc., International Business Machines Corporation, Microsoft Corporation, HCL Technologies Limited, NICE Ltd., and Uipath, among others.
The key takeaways from the report
The report will provide detailed analysis of Global Automation-as-a-Service Market with respect to major segments such as component, type, deployment model, business function, organization size, by industry, and geography.
The report will include the qualitative and quantitative analysis with market estimation over 2016 - 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Automation-as-a-Service Market has been included in the report
Profile of the key players in the Global Automation-as-a-Service Market will be provided, which include key financials, product & services, new developments and business strategies
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Scope of the Global Automation-as-a-Service Market
Deployment Model Segments
Business Function Segments
Sales and Marketing
Human Resources (HR)
Information Technology (IT)
By Organization Size Segments
Small and Medium-Sized Enterprises (SMEs)
Retail and Consumer Goods
Government and Defense
Banking, Financial Services, And Insurance (BFSI)
Energy and Utilities
Media and Entertainment
Transportation and Logistics
Healthcare and Life Sciences
Telecom and IT
Rest of North America
Rest of Europe
Rest of Asia-Pacific
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