Press release
Automation as a Service Market - Global Industry Analysis and Opportunity Assessment 2022- 2028
The Global Automation as a Service Market was estimated at USD 7.46 Billion in 2021, and is projected to reach USD 30.53 Billion by 2028, growing at a CAGR of 22.3 % over the analysis period.
By collecting and analyzing data from its present applications, an enterprise can leverage automation-as-a-service to automate its existing business processes. It lets a business to transition from manual processes to swift, accurate, and reliable automation across numerous businesses. In the near future, the usage of cloud solutions will increase dramatically as businesses desire deployment choices that allow them to reap benefits more swiftly. Because companies need flexible deployment and licensing options as they expand their digital workforces to automate processes, businesses are investing in a private or public cloud. As a result, the majority of industry participants priorities cloud-based solutions. New company Amperity, established in 2022, provides an enterprise data platform for transforming fragmented consumer data into ground-breaking cloud experiences.
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Market Dynamics:
Driver:
One of the main factors fueling the market's expansion is the increasing use of industrial automation systems in different parts of the world. Additionally, the increased use of cloud computing services is accelerating industry expansion. Organizations are increasingly using Automation-as-a-Service platforms to modify their service delivery and operational procedures as virtual workplaces and cognitive computing take off.
Opportunities:
The increased use of robotics in industrial facilities to reduce labour and operating costs is a very advantageous development for the world market. Furthermore, the analyzed market growth is further expanded by the expanding use of virtual assistants and bots in customer service sectors like BFSI. Due to the abundance of companies, there is fierce industrial competition in the banking sector. Companies are seeking to create cost-effective solutions in response to the intense competition in order to assist them stay ahead of the pack.
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Market Segment:
By Component
• Solutions
• Services
• By Business Function
Information Technology
• Human Resources
• Finance
• Sales & Marketing
• Operations
By End-Use Industry
• Healthcare
• BFSI
• Automotive
• Telecom & IT
• Manufacturing
• Government
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Top Key Players Covered In Automation as a Service Market
• IBM
• Hexaware Technologies
• Automation Anywhere Inc.
• Blue Prism Group PLC
• Cypress
• Microsoft Corporation
• Pegasystems Inc
• Kofax Inc.
• HCL Technologies Limited
• Hewlett Packard Enterprise Development LP
• NICE Ltd.
• WorkFusion Inc.
• Uipath Inc., and Other Major Players
Key Industry Development In The Automation as a Service Market
In February 2022, WorkFusion Inc. launched its new AI-powered Digital Workforce. These new knowledge workers arrive on the job fully trained and immediately productive, working seamlessly alongside traditional team members, leveraging the company's decade of experience in automating complex operational functions.
Table Of Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Component
3.2 By Business Function
3.3 By End Use Industry
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
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