Press release
Automation-as-a-Service Ascendancy: Global Market Projected to Hit USD 25.01 Billion by 2029 with a Striking 28.60% CAGR from 2022-2029
Automation-As-A-Service Market
The Automation-As-A-Service report serves as a compass for understanding consumer demands, preferences, and evolving tastes for specific products. Serving as a validated information source, this report offers a panoramic view of prevailing market trends, scenarios, opportunities, and status. It meticulously encompasses all facets of the market essential for crafting an exceptional and superior market research report. Within this Automation-As-A-Service market analysis, an in-depth exploration of segments expected to experience rapid growth within the forecasted time frame is provided, offering granular market insights crucial for making astute business decisions.
Methodically gathering, recording, and analysing data concerning the marketing of goods and services, this Automation-As-A-Service market report delivers an exemplary market research dossier to businesses. Featuring CAGR value fluctuations projected for the market within the forecast period, this report equips businesses with excellent solutions to overcome myriad challenges. The comprehensive market information embedded within this Automation-As-A-Service report is poised to foster business growth and enhance return on investment (ROI) significantly.
Global Automation-As-A-Service Market was valued at USD 3.34 billion in 2021 and is expected to reach USD 25.01 billion by 2029, registering a CAGR of 28.60% during the forecast period of 2022-2029. BFSI account for the largest industry segment in the respective market owing to high rate of automation adoption across business process applications. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Market Growth Drivers:
High Demand for the Services to Automate Business Processes
The increase in demand for AaaS across numerous businesses to rapidly automate business processes, along with enhancing productivity and efficiency acts as one of the major factors driving the automation-as-a-service market. These services generally include development, deployment and testing of automated solutions.
High Penetration of Internet of Things
The increase in the penetration of Internet of Things (IoT) integrating and converting industrial verticals accelerate the market growth. The adoption of various technologies and components to connect to the internet such as, actuators, gateways and sensors, among others drives the market. IoT is bringing the future of automation engineering and manufacturing as it requires lesser staff and reduces the error rate.
Notably, the report emphasizes the engagement of essential entities, including:
Automation Anywhere, Inc. (US)
Blue Prism Limited. (UK)
IBM (US)
Microsoft (US)
UiPath (US)
HCL Technologies Limited (India)
Hewlett Packard Enterprise Development LP (US)
KOFAX INC. (US)
NICE Ltd. (Israel)
Pegasystems Inc. (US)
WorkFusion, Inc. (US)
Kryon Systems (US)
Micro Focus (UK)
Hexaware Technologies Limited. (India)
Decoding Market Nuances: Key Takeaways
Holistic Market Share Assessment
Thorough evaluation of market shares globally and regionally.
Parent Market Dynamics & Growth Prospects
Uncover dynamics of the parent market and potential growth areas.
Order Management Software Analysis
Delve into current and future trends of global order management software.
Dynamic Industry Shifts
Navigate through evolving industry dynamics.
Key Players' Strategies & Product Landscape
Understand strategies and product landscapes of key industry players.
Market Size: Past, Present, and Future
Comprehensive examination of historical, current, and projected market sizes.
Strategic Profiling for Informed Decisions
Strategically profile key players, analyzing market positions and competencies.
Key Market Segmentation
By Offering (Solution, Service), Type (Rule-Based, Knowledge-Based), Enterprise Size (Large Enterprise, Small and Medium Enterprises), Business Process (IT, Sales and Marketing, Operations, Customer Service, Supply Chain, Finance and Accounting, Human Resource), Deployment Type (Cloud, On-Premises, Hybrid), Industry (BFSI, Telecom and IT, Manufacturing, Energy and Utilities, Retail and Consumer Goods, Government and Defence, Healthcare, Transportation and Logistics, Media and Entertainment, Hospitality, Travel and Tourism)
Intended Audience:
Companies within the Automation-As-A-Service industry
Investors and analysts keen on the Automation-As-A-Service market
Individuals seeking insights into the dynamics of the Automation-As-A-Service market
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About Data Bridge Market Research, Private Ltd
Data Bridge Market Research operates as a multinational management-consulting firm, boasting offices situated in both India and Canada. Renowned for our innovative and cutting-edge market analysis methodologies, we pride ourselves on our unparalleled durability and forward-thinking approaches. Our commitment lies in unravelling optimal consumer prospects and nurturing invaluable insights to empower your company's success within the market.
With a team comprising over 500 analysts specializing in various industries, we have been instrumental in serving over 40% of Fortune 500 companies on a global scale. Our extensive network boasts a clientele exceeding 5000+, spanning across the globe. At Data Bridge Market Research, our goal remains steadfast: to provide comprehensive market intelligence and strategic guidance to propel your business toward success.
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