Automation as a Service Market Is Making A Swift Transition Towards Digitization Due To The Growing Adoption of IoT Technologies

Automation–as–a-service market is growing rapidly due to the increasing adoption of cloud technology and emerging demand for automation. Automation-as-a-service enables organizations to mechanize the business processes by capturing and interpreting data from existing applications. It helps organizations to shift from slow manual processes to reliable, fast automation across the organization in a matter of hours or even minutes.

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On the basis of component, the automation–as–a-service market is categorized into solutions and services. Services are further categorized into managed services and professional services. Professional services consist of deployment and integration, support and training, and consulting services. The services category is expected to show higher growth during the forecast period while deployment and integration services is probable to witness the highest demand over the forecast period, due to their growing need across organizations.

The factors such as lack of awareness about automation–as–a-service are expected to limit the market growth. Many companies are reluctant in giving business critical data in hands of technological system as they doubt in capability of automation systems and may result in serious business concerns. With increasing demand for automation, it is increasingly being adopted by small & medium enterprises (SMEs) as well as large organizations across various sectors including BFSI, telecom and IT, healthcare & life sciences, media & entertainment, and manufacturing. With increasing adoption of automation across various sectors, automation–as–a-service market is expected to witness robust growth.

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The automation–as–a-service market is making a swift transition towards digitization due to the growing adoption of IoT technologies. New tools are being developed by industry players to perform automation services hosted in the cloud that were previously done by a service representative on site.

Some of the major vendors that operate in global automation–as–a-service market is Automation Anywhere, Inc., Blue Prism, International Business Machines Corporation, Microsoft Corporation, UiPath, HCL Technologies Limited, Hewlett Packard Enterprise, Development LP, Kofax Inc., NICE Ltd., and Pegasystems Inc.

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