Automation-as-a-Service Market to Grow at 28.1% CAGR during 2017 to 2022 | Top Technologies, Overview, Key Insights and Company Profiles

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The Global Automation-as-a-Service Market to grow from US$ 1.80 Billion in 2017 to US$ 6.23 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.1%. The automation-as-a-service market is growing rapidly because of increasing need to mechanize the repetitive and mundane business processes, and due to the massive surge in the automation trend across industries.

“Banking, Financial Services, and Insurance (BFSI) is estimated to have the largest market size in 2017”
The Automation-as-a-Service market is also segmented by various industries, out of which, the adoption of automation-as-a-service is expected to be the largest in the BFSI vertical. As the volume and variety of data is increasing day-by-day, the demand for automation to maintain and manage these records of the financial transactions in banks and other financial institutes is also increasing.

“Asia Pacific (APAC) is projected to grow at the highest CAGR, and North America is expected to hold the largest market share”
APAC is expected to be the highest growing region in the automation-as-a-service market because of the increasing adoption of automation and cloud technologies, and government initiatives, such as smart cities in the APAC countries, including China and India. North America, followed by Europe, is expected to continue being the largest revenue-generating region for the automation-as-a-service vendors, for the next 5years.

The break-up of primary interviews is given below:
• By Company – Tier 1-22%, Tier 2-30%, and Tier 3-48%
• By Designation – C-Level-30%, Director Level-45%, and Others-25%
• By Region – North America-48%, Europe-30%, and APAC-22%

Study Objectives:

• To forecast the revenue of market segments with respect to all the major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)

• To describe and forecast the automation-as-a-service market on the basis of components (solution and services), business functions, types, deployment models, organization sizes, industries, and regions

• To analyze the subsegments with respect to individual growth trends, prospects, and contribution to the total market

• To analyze the opportunities in the market for stakeholders and provide the details of a competitive landscape for the major players

• To profile the key players and comprehensively analyze their recent developments and positioning

• To analyze competitive developments, such as partnerships, collaborations, agreements, acquisitions, new product launches, product upgradations, and R&D activities in the market

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Top Key Players in the “Automation-as-a-Service Market” include are Automation Anywhere, Inc. (US),Blue Prism Group plc (UK),International Business Machines Corporation (US),Microsoft Corporation (US),UiPath (US),HCL Technologies Limited (India),Hewlett Packard Enterprise Development LP (US),Kofax Inc. (US),NICE Ltd.(Israel),Pegasystems Inc. (US).

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