Asia Pacific Automation-as-a-service Market Growth Insights to 2027 - Accenture, Automation Anywhere, Blue Prism Group, HCL Technologies

The automation-as-a-service market in Asia-Pacific is expected to grow from US$ 680.4 Mn in 2018 to US$ 6,432.0 Mn by the year 2027. This represents a CAGR of 29.2% from the year 2019 to 2027.

With the increasing competition globally, the business is ensuring their digital presence and are efficiently utilizing digital technology in order to sustain in the market. Organizations in the present era, irrespective of their size, are adopting digital technologies for effective functioning and cost reduction. Although digitalization is taking place on a huge scale, several SMEs currently are still skeptical about adopting it. Factors such as fear of risks, lack of right understanding, and expenditures incurred on new technologies, among others, are probably responsible for the limited adoption. However, there are several open opportunities for SMEs prevailing in the digital world. They assist the SMEs to efficiently compete with larger enterprises as technology is highly scalable and flexible.

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Asia-Pacific Automation-as-a-service Market -Companies Mentioned
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

Over the coming years, the market is anticipated to enter into the new category of software vendors, who would be developing advanced analytics and data mining capabilities. This would further extend the scope of automation across more multifaceted processes and allow the automation of processes with variable degrees of unstructured data/ content. The net impact of burgeoning autonomics in industries will endure cannibalizing labor arbitrage benefits from off-shoring of processes, which would further result in increased consideration towards in-sourcing strategy.

Currently, China is dominating the automation-as-a-service market in terms of installation, which in turn boosts the demand for the automation-as-a-service market in the region. China is at the forefront of new and emerging technologies such as AI, Blockchain, machine learning, RPA, and the adoption & implementation rate of these technologies is very high across all major industry verticals. The government is very keen to maintain China's stronghold and competitiveness, especially in the adoption of advanced technologies. Huge population, developed manufacturing industry, presence of e-commerce giants, and rising demand for smart cities offers a suitable environment for the adoption of automation services in China.

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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. Asia-Pacific Automation-as-a-Service Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 Asia Pacific - PEST Analysis
5. Asia-Pacific Automation-as-a-Service Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Adoption of digital technologies to improve the operational efficiency
5.1.2 Increasing demand for error-free and timely processes
5.2 Restraint
5.2.1 Changing industry standards and evolving regulations might slow down the growth of the market
5.3 Opportunity
5.3.1 Growing focus of SMEs towards the adoption of automation services
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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This release was published on openPR.