Automation-as-a-Service Market to Reflect Tremendous Growth Potential with A CAGR Of 26.9% by 2022-2028

Automation-as-a-Service Market With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market conditions in the future term, this market research study keeps a close eye on major rivals. It's a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The Automation-as-a-Service market also examines significant players, major collaborations, mergers and acquisitions, as well as current innovation and corporate strategies.

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 2022 to 2028.

Top Key Players are covered in this report: 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.

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Recent Development:

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).

Key Market Trends:

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.

The regions are further sub-divided into:

North America - US, Canada, and Mexico
Europe - UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America - Brazil, Argentina, Peru, Chile & Rest of Latin America
Middle East and Africa - Saudi Arabia, UAE, Israel, South Africa

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Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Global Automation-as-a-Service market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Automation-as-a-Service market, the years measured, and the study points.

Company Profile: Each company in this market sector is screened based on its goods, value, SWOT analysis, capacity, and other key characteristics.

Manufacture by region: This Global Automation-as-a-Service Market report offers data on imports and exports, sales, production and key companies in all studied regional markets

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