Automation as a service Market Size, Share, Growth, Trends Market Benefits, Business Opportunities & Future Investments 2025
According to a new report published by Reports Monitor titled, “Global Automation as a service, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Automation as a service was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Automation as a service is the process automating all domain and functional tools in various functional layers in order to achieve an unified work flow. It involves the automation of events, process and various business functions. Some of major companies involved in the adoption of this technology are Uber and Netflix.
Higher adoption of automation services across various commercial sectors to enhance the business growth and improve the economy standard forms the major factor in propelling the market growth. Increased adoption of cloud based services owing to the flexibility offered in terms of cost and storage also upheld in boosting the market growth. However, high cost and complexities involved in maintaining data security and privacy is mainly restraining the market growth. Emergence of various technologies such as Artificial intelligence and machine learning is anticipated to generate lucrative opportunities in the market.
This report provides a detailed analysis of Automation as a service, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global automation as a service market is majorly bifurcated on the basis of component, deployment, organization size and end-user. Based on the component used, market is bifurcate into: solutions and services, while based on deployment, market is segmented into: On-premise and cloud based services. Based on organization size, market is bifurcated into: small and medium enterprise and large enterprises and based on end-user, market is segmented into: BFSI, telecommunications and IT, retail & wholesales, healthcare and life science, transportation and logistics, media and entertainment, hospitality and others.
Global automation as a service market is mainly analysed across: North America, Europe, Asia Pacific and LAMEA. Presence of major companies coupled with well-established infrastructure forms the major factor influencing the growth of North American region. Increased adoption of cloud based services by small and medium enterprises and expansion of IT and Telecom sector in developing economies such and China, India and others majorly influences the growth of Asia Pacific.
The major key vendors operating in the automation service market are: Automation Anywhere, Inc., Blue Prism Group Plc., International Business Machines Corporation, Microsoft Corporation, UiPath, HCL Technologies Limited, Hewlett Packard Enterprise Development LP, Kofax Inc. , NICE Ltd. (Israel), and Pegasystems Inc. and others
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