Automation-as-a-Service Market to register high revenue growth at 27.5% CAGR during 2019-2027

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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Report Objectives:

o Analyzing the size of the global Automation-as-a-Service Market on the basis of value and volume.
o Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Automation-as-a-Service Market.
o Exploring the key dynamics of the global Automation-as-a-Service Market.
o Highlighting important trends of the global Automation-as-a-Service- Market in terms of production, revenue, and sales.
o Deeply profiling top players of the global Automation-as-a-Service Market and showing how they compete in the industry.
o Studying manufacturing processes and costs, product pricing, and various trends related to them.
o Showing the performance of different regions and countries in the global Automation-as-a-Service Market.
o Forecasting the market size and share of all segments, regions, and the global market.

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.

Leading Key players:

o Accenture PLC
o Automation Anywhere, Inc.
o Blue Prism Group plc
o HCL Technologies Limited
o Hewlett Packard Enterprise
o IBM Corporation
o Microsoft Corporation
o NICE Ltd.
o Pegasystems Inc
o UiPath

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.

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The report segments the global automation-as-a-service market as follows:

Global Automation-as-a-Service Market - By Component

o Solution
o Service

Global Automation-as-a-Service Market - By Deployment Model

o On-premise
o Cloud

Global Automation-as-a-Service Market - By Business Function

o Sales & Marketing
o Finance & Operations
o Human Resource
o Information Technology

Global Automation-as-a-Service Market - By Industry Vertical

o BFSI
o IT & Telecom
o Retail
o Healthcare & Life Sciences
o Transportation & Logistics
o Government Agencies & Defense
o Manufacturing
o Others

Contact Us:

Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:

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 are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.