Automation-as-a-Service Market with Highest Growth in the Near Future by Leading Players Accenture, Automation Anywhere, Blue Prism Group, HCL Technologies

According to the new research report published by The Insight Partners, titled "Automation-as-a-Service Market - Global Analysis and Forecast to 2027", the global automation-as-a-service market is expected to reach US$ 23.40 Bn in 2027, registering a CAGR of 27.5% during the forecast period 2019-2027.

Advancements in robotics, artificial intelligence, and machine learning are ushering in a new age of automation, as machines match or outperform human performance in a range of work activities, including ones requiring cognitive capabilities. Automation of activities can enable businesses to improve performance, by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. Automation also contributes to productivity, as it has done historically. At a time of lackluster productivity growth, this would give a needed boost to economic growth and prosperity and help offset the impact of a declining share of the working-age population in many countries.

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The List of Companies - Automation-as-a-Service Market
1. Accenture PLC
2. Automation Anywhere, Inc.
3. Blue Prism Group plc
4. HCL Technologies Limited
5. Hewlett Packard Enterprise
6. IBM Corporation
7. Microsoft Corporation
8. NICE Ltd.
9. Pegasystems Inc
10. UiPath

Growth of novel technologies including cognitive computing, machine learning, and artificial intelligence is expected to promote the development of automation tools at a rapid pace. Application of intelligent technologies among the innovation leaders and business pioneers is predicted to create a platform that would lead to development of improvised framework, which would incorporate everything from staffing and general expenses to execution and productivity. Further, organizations around the world are highly investing in innovative and disruptive technologies such as RPA, process automation, AI, ML, Blockchain, and others to drive optimization and refocus their critical resources on tasks that boost revenue growth and innovation.

The ICT companies and various industry players are planning to make substantial investments in automation solutions and services. The automation platforms offered by the vendors along with the technology-oriented automation proficiency enable the clients to focus on creating better business value. Apart from the large enterprises, various SMEs around the world are also adopting the automation services to ease their business operations. This trend is predominantly driven by the presence of new category of cloud only solutions, which help in minimizing integration complexities and installation costs with quick setup.

The global market for automation-as-a-service is projected to exhibit high growth in near future. Factors including cost benefits offered by automation solution and rapid product innovation by the technology providers are propelling the adoption in diverse industry verticals. However, alterations in operating procedures and business rules impacting the efficiency are might hinder the market growth during the forecast period.

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Table of Content:

1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automation-as-a-Service Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Expert Opinions
4.4 PEST Analysis
4.4.1 North America - PEST Analysis
4.4.2 Europe - PEST Analysis
4.4.3 Asia Pacific - PEST Analysis
4.4.4 Middle East & Africa PEST Analysis
4.4.5 South America PEST Analysis
5. Automation-as-a-Service Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Increasing adoption of digital solutions by different industry verticals
5.1.2 Growing need for error-free and timely processes
5.2 Restraint
5.2.1 Frequent alterations in operating procedures and business rules impacting the efficiency
5.3 Opportunity
5.3.1 Increasing adoption in the SMEs and emerging economies
5.4 Future Trend
5.4.1 Incorporating advanced capabilities in the automated processes
5.5 Impact Analysis of Drivers and Restraints

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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