Emerging Trends to Drive Automation As A Service Market Growth at 25.1% CAGR Through 2029

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Automation As A Service Market Size Growth Forecast: What to Expect by 2025?
In the previous years, there has been a significant expansion in the market size of automation as a service. A growth from $7.24 billion in 2024 to $8.76 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 21.1%. The surge during the historical period is credited to a rising demand for an efficient business process arrangement, the emergence of Robotic Process Automation (RPA), the shift towards cloud-based technology, intent on decreasing expenses and enhancing operational productivity, and the need for solutions that are scalable and flexible.

How Will the Automation As A Service Market Size Evolve and Grow by 2029?
In the coming years, the automation as a service market is projected to experience unprecedented growth, reaching $21.45 billion by 2029, with a compound annual growth rate (CAGR) of 25.1%. This growth during the forecast period is linked to the rising adoption of cloud-based solutions, growing need for smart automation, focus on hyper automation strategies, sector-specific automation solutions, rise in remote workforce, and digital transformation. The forward-looking period is expected to see a rise in demand for process automation, a transition towards cloud-based automation, growth of intelligent process automation (IPA), integration of AI and machine learning, and the use of automation to maintain business continuity and improve efficiency.

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What Drivers Are Propelling the Growth of Automation As A Service Market Forward?
The rising demand for automation in various business processes is propelling the expansion of the automation as a service market. The incorporation of technology to execute repetitive tasks and roles traditionally performed by humans is what distinguishes business operation automation. Streamlining recruiting, accounts payable, and contract management processes is essential for businesses to enhance productivity and minimize human error risks. Moreover, automation can bolster overall business function efficiency, standardize top-notch practices, and offer cost-saving benefits. For example, Salesforce Inc., an American cloud-based software company, carried out a worldwide survey in June 2022 involving 600 CIOs and IT decision-makers. The study showed that over the past 2 years, 91% of participants witnessed a growing demand for automation from diverse business sectors. These sectors include research and development (39%), administrative/operations (38%), customer service (33%), and marketing (26%). Hence, the escalating necessity for automation in business processes fuels the growth of the automation as a service market.

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Which Emerging Trends Are Transforming the Automation As A Service Market in 2025?
In order to establish a competitive foothold in the Automation as a Service (AaaS) market, leading organizations are developing ground-breaking offerings like digital investment solutions. These technology-driven solutions are designed to provide customers with an easy, secure, and professionally crafted portfolio aimed at fulfilling their financial aspirations. For example, Truist Financial Corporation, headquartered in the US, initiated two such solutions - Truist Invest and Truist Invest Pro in August 2022. These platforms aim to give clients convenient and safe access to a custom-built portfolio that can aid them in achieving their monetary objectives and are powered by the investment prowess of Truist. Truist Invest functions as a robo-advisor, whereas Truist Invest Pro is a blend of automated investing and access to a team of financial consultants. Truist's T3 strategy, which merges the desired level of customized client interaction with progressive technology, is exemplified in these digital investment solutions.

What Are the Key Segments in the Automation As A Service Market?
The automation as a service market covered in this report is segmented -

1) By Type: Rule-Based Automation, Knowledge-Based Automation
2) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By Business Function: Information Technology, Finance, Human Resources, Sales And marketing, Operations
4) By Service: Managed Services, Professional Services

Subsegments:
1) By Rule-Based Automation: Robotic Process Automation (RPA), Workflow Automation, Task Automation,
2) By Knowledge-Based Automation: Cognitive Automation, Machine Learning Automation, AI-Driven Automation Solutions.

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Who Are the Key Players Shaping the Automation As A Service Market's Competitive Landscape?
Major companies operating in the automation as a service market include Automation Anywhere Inc., Blue Prism Group plc, HCL Technologies Limited, Hewlett Packard Enterprise Company, International Business Machines Corporation, Microsoft Corporation, UiPath, Pegasystems Inc., Kofax Inc., Nice Ltd., plc, Capgemini SE, Cognizant, Infosys Limited, Tata Consultancy Services Limited, Wipro Limited, Tech Mahindra Limited, Genpact Limited, DXC Technology Company, Atos SE, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, KPMG International Limited, ScienceSoft USA Corporation, PixelCrayons, CONTUS TECH, DevCom, Algoworks, ELEKS Software, WorkFusion, EdgeVerve Systems

What Geographic Markets Are Powering Growth in the Automation As A Service Market?
North America was the largest region in the automation as a service market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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