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Automation–as–a-Service Market Is Making a Swift Transition towards Digitization Due To the Growing Adoption of IoT Technologies

08-02-2018 10:54 AM CET | IT, New Media & Software

Press release from: P&S Intelligence

Automation–as–a-Service Market Is Making a Swift

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. 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.

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On the basis of type, the automation–as–a-service market is categorized into rule-based and knowledge-based automation solutions. Of them, knowledge-based automation solutions are expected to grow due to their ability to handle large amount of data with less dependency on manual handling.
Worldwide, organizations are shifting their sales and marketing departments towards automation-as-a-service since they need to do task that are repetitive and mundane. These tasks consume a lot of time which otherwise would have been utilized to do some other important work. To gain more profits and stay competitive in the global marketplace, organizations are moving their sales and marketing department towards automation and increasingly adopting these services, driving the growth of automation–as–a-service market.

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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.

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.

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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