Automation-as-a-Service Market 2022 Competitive Analysis and Future Scope- Automation Anywhere, Inc., Blue Prism Group PLC, IBM Corporation, Microsoft Corporation, Uipath Inc., HCL Technologies Limited

The report considers the present scenario of the Automation-as-a-Service Market and its dynamics for the forecast period 2022-2026. Automation-as-a-Service Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.      

The Global Automation-as-a-Service Market revenue was estimated at 2.6 billion in 2020 and is expected to register a CAGR of 26.9% over the forecast period from 2021 to 2026.

The Automation-as-a-Service market is highly competitive and consists of a number of major players. Companies like Automation Anywhere, Inc., Blue Prism Group PLC, IBM Corporation, Microsoft Corporation, Uipath Inc., HCL Technologies Limited, Hewlett Packard Enterprise, Kofax Inc., Nice Ltd., Pegasystems Inc. Amongst Others.

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Key Developments:

- May 2020 - UiPath, announced enhancements to its Business Partner Program to enable global organizations to leverage hyper-automation power. The company is also offering new training, certification, and marketing programs for business partners through the launch of its UiPath Services Network (USN).
- May 2020 - Automation Anywhere Inc., also made its AI-Powered RPA-as-a-Service platform available on Amazon Web Services (AWS) across India. According to the company, its solutions are witnessing a significant surge in demand. The company now has more than 200,000 users on the platform, and with the number increasing exponentially due to COVID-19.

Key Market Trends:

BFSI is Expected Hold Major Share
- BFSI is one of the significant adopters and investors in the studied market, owing to a high rate of automation adoption across business process applications. Automated teller, draft deposit, and cash deposit machines are some of the initial applications of automation solutions in the sector. AaaS is also helping in aggregating information to review loan applications, validate the credit profile, and automate the processing of loan to the customer. AaaS cam play a significant role in processes such as customer service, compliance, invoice digitization, mortgage processing, credit card approval, detection of fraud, know your customer (KYC) processing, and account closing process.
- Growing adoption of virtual assistants and bots across customer service industries, like BFSI, is further expanding the studied market growth. And the number could significantly increase due to the recent COVID-19 crisis. The recent COVID-19 gave an unexpected boost to automation adoption, which is also surging demand. According to automation Anywhere, businesses began scaling up their digital transformation efforts, and the company witnessed a surge in demand and interest from customers for a rapidly scalable infrastructure on the cloud.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Automation-as-a-Service Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Automation-as-a-Service Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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