Automation-as-a-Service Market Share Projected to Cross US$ 23,397.7 million by 2027, With 27.5% CAGR Growth

In terms of revenue, The global automation-as-a-service market garnered US$ 2,792 million in 2018 and is projected to accrue US$ 23,397.7 million by 2027, rising at a CAGR of 27.5% during 2019-2027.

The increasing adoption of digital solutions across different industry verticals and need for error-free and timely processes are the conducive factors catalyzing the market growth. Contrary to this, frequent alterations in operating procedures and business rules impacting efficiency are the curtailing factors restraining the expansion of global automation-as-a-service market

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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.

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.

Automation-as-a-Service Regional Growth- 2019-2027

The report segments the global Automation-as-a-Service market as follows:

By Component

• Solution
• Services

By Deployment Model

• On-Premise
• Cloud

By Business Function

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

By Industry

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

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Automation-as-a-Service market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Automation-as-a-Service market segments and regions.

Scope of the Report

The research on the Automation-as-a-Service market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Automation-as-a-Service market on the basis of end user, product type, application, and demography for the forecast period 2019-2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Automation-as-a-Service market during the forecast period, i.e., 20219-2027. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

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Major highlights of the report:

• All-inclusive evaluation of the parent market
• Evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of market value and volume in past, present, and forecast years
• Evaluation of market share
• Study of niche industrial sectors
• Tactical approaches of market leaders
• Lucrative strategies to help companies strengthen their position in the market

Contact Us:

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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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 Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.

This release was published on openPR.