Automation as a Service Market Share Will Hit US$ 25.3 Billion By 2028 | Growth With Recent Trends & Demand

How Big is the Automation as a Service Market ? :

IMARC Group's latest report, titled "Automation as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the automation as a service market. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global automation as a service market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.3 Billion by 2028, exhibiting a growth rate (CAGR) of 26.98% during 2023-2028.

What is Automation as a Service ? :

Automation as a Service (PaaS) is a transformative technology that allows businesses to streamline operations and boost efficiency. It provides a cloud-based platform where companies can access, deploy, and manage automation tools and workflows without significant upfront investments in infrastructure or technical expertise. It simplifies repetitive tasks across various industries, from data entry to customer service, enhancing productivity and reducing human errors. This on-demand model promotes scalability, allowing organizations to adapt swiftly to changing demands. Moreover, it democratizes automation, making it accessible to smaller enterprises. AaaS holds great potential in optimizing business processes, reducing costs, and accelerating digital transformation in an increasingly competitive global marketplace.

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Who are the key Players Operating in the Industry ? :

• Automation Anywhere Inc
• Blue Prism Limited
• HCL Technologies Limited
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• Kofax Inc
• Microsoft Corporation
• NICE, Pegasystems Inc
• UiPath

What are the Growth Prospects and Trends in the Automation as a Service Industry ? :

The global market is majorly driven by the increasing need for efficiency and cost reduction in business operations. In line with this, the rise of digital transformation has propelled the adoption of AaaS. As companies increasingly embrace cloud computing and data analytics, AaaS aligns perfectly with their strategies, enabling seamless integration with existing systems and technologies. Furthermore, the global workforce is evolving, with a growing focus on remote and flexible work arrangements. AaaS empowers employees to collaborate and perform tasks efficiently from anywhere, ensuring business continuity.

Besides, the democratization of automation is a significant driver. Smaller businesses can now access automation tools and capabilities that were once exclusive to larger enterprises, leveling the playing field and fostering innovation. Additionally, compliance and security concerns push organizations to adopt AaaS solutions offering robust data protection and regulatory compliance features.

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Key Market Segmentation:

Breakup by Component Type:

• Solution
• Services

Breakup by Business Function:

• Information Technology
• Sales and Marketing
• Operations
• Finance
• Human Resource
• Others

Breakup by Enterprise Size:

• Large Enterprises
• Small and Medium Enterprises

Breakup by Vertical:

• BFSI
• Telecom and IT
• Retail and Consumer Goods
• Healthcare and Life Sciences
• Manufacturing
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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