Automation as a Service Market 2019 by Size, Applications, Emerging Audience, Growth Opportunities & Current Industry Status expected to grow at a CAGR of 29% to 2023
Automation as a service can be defined as providing a service in a completely automated manner. The service can be accessed by the end user by some sort of a platform provided by the automation as a service provider. Service automation aims at automating day to day tasks across different enterprise domains to enable users to focus on development rather than precision. Automation as a service provides a significant advantage over human labor as the automation software can be taught to perform countless tasks in a more efficient ways that humans.
Increasing downtime due to process of providing services in different domains is a driving factor behind making services automated. Automation as a service helps increase the productivity by cutting down the repetitive tasks that humans cannot handle with precision every time. The growing demand for automation in IT enterprises is another driving factor for the growth of automation as a service market in the coming future. The best use of automation as a service was implemented by Netflix and uber where they automated every step of the traditional services of movie watching and cab riding eliminating the need for human labor in between. Increasing adoption of cloud technology further fueling the growth of automation as a service market. The factors restraining the growth of automation as a service market are issues with maintaining data security and data privacy. High initial cost for implementing automation as a service for small and medium size enterprises is one of the major restraining factor for the growth of automation as a service.
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Major Key Players
• Automation Anywhere, Inc. (U.S.),
• NICE Ltd. (Israel),
• Blue Prism Group Plc. (U.K),
• Microsoft Corporation (U.S.),
• UiPath (U.S.),
• International Business Machines Corporation (U.S.),
• Hewlett Packard Enterprise Development LP (U.S.),
• HCL Technologies Limited (India),
• Kofax Inc. (U.S.), and Pegasystems Inc.(U.S.) and others.
According to MRFR, The Global Automation as a Service Market is expected to Grow at a CAGR of approximately 29% during the forecast period 2017-2023.
The ability to withstand their competitive edge is one of the key factors fuelling their efforts in this period. The tone for development in the market has been altered to a great extent with the entry of new players and the changes in the mode of functioning of the established players. The mounting interest in change within the business has ultimately permitted the businesses to apply many situations accessible in the market. The room for development in the market seems to be promising through the forecast period. The market has been led into a new period of growth as the market is normally in a state of mutability. Portfolio development is being significantly endorsed by market competitors to achieve high growth rates. The businesses in this market are attempting to improve and uphold financial fluidity that can be vital to invest in progress as and when applicable. Localization is among of the more favored trends for growing the market portion of the competitors in the market. The odds for growing revenue inflow in the business are likely to multiply through the forecast period. The ripple effects of the market’s growth have altered the competitive backdrop of the market.
The global automation as a service market is segmented by component, type, deployment, organization size, application, and vertical. By component, the market consists of solutions & service. Service consists of managed services and professional services. Professional service consists of consulting services, deployment and integration and support and training. By deployment, the market is segmented into cloud and on-premise. By organization size, the market is segmented into small & medium enterprises and large enterprises. By application, the market consists of information technology (IT), sales and marketing, operations, finance and human resources (HR). And under the end-user segment, the market is segmented into BFSI, telecommunications and IT, retail & wholesales, healthcare & life science, transportation & logistics, media and entertainment, hospitality and others.
North America accounts for high share of the global Automation as a Service (SDP) market in terms of value, owing to early adoption of automation as a service and rapid rate of technological advancements in the region. In Asia Pacific market, enterprises in countries such as India and China are mostly operating in cloud-based applications, which is further aiding the market growth in the region. The study indicates that, Europe and Japan also account for a significant value share in the global Automation as a Service market.
The global automation as a service market is studied for Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America region accounts for the largest share in the global Automation as a Service market. Owing to technological advancement, well-established IT infrastructure, adoption of advanced technology across numerous industries. Asia Pacific is expected to be the fastest growing owing to the presence of small and medium enterprises that mostly adopt cloud-based applications. Further, the increase in adoption of automation and cloud technologies among enterprise, and government initiatives, for development of smart cities in the APAC countries, that includes China, India, and Taiwan is aiding the market growth.
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• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Software Solution Providers
• Solution vendors
• Original Equipment Manufacturers (OEMs)
• System integrators
• Advisory firms
• National regulatory authorities
LIST OF TABLES
Table 1 Global Automation as a Service Market: By Region, 2017-2023
Table 2 North America Automation as a Service Market: By Country, 2017-2023
Table 3 Europe Automation as a Service Market: By Country, 2017-2023
Table 4 Asia Pacific Automation as a Service Market: By Country, 2017-2023
Table 5 Rest of the World Automation as a Service Market: By Country, 2017-2023
Table 6 Latin America Automation as a Service Market: By Country, 2017-2023
Table 7 Global Automation as a Service by Component Market: By Regions, 2017-2023
LIST OF FIGURES
FIGURE 1 Global Automation as a Service Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Automation as a Service Market
FIGURE 4 Value Chain of Global Automation as a Service Market
FIGURE 5 Share of Global Automation as a Service Market in 2017, by country (in %)
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