Emerging Trends to Drive Automation Center Of Excellence Market Growth at 34.3% CAGR Through 2029

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What Will the Automation Center Of Excellence Industry Market Size Be by 2025?_x000D_
The market size for the automation center of excellence has experienced a substantial expansion in the past few years. It is projected to increase from $0.56 billion in 2024 to $0.78 billion in 2025, reflecting a compound annual growth rate (CAGR) of 37.3%. This amplification during the historical period can be credited to the enhanced intricacy of business procedures, financial stress, the need for scalability and adaptability, regulatory compliance, and data proliferation._x000D_
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What's the Long-Term Growth Forecast for the Automation Center Of Excellence Market Size Through 2029?_x000D_
The market size for the automation center of excellence is set to experience a steep growth trajectory in the coming years, with predictions of it reaching $2.52 billion by 2029, progressing at a compound annual growth rate (CAGR) of 34.3%. This growth during the forecast period is primarily due to factors such as heightened interest in data privacy and ethical concerns, regulatory change dynamics, management of remote workforce, cybersecurity issues, a need for intelligent automation, and an escalating emphasis on hyperautomation. The forecast period will also see prominent trends encompassing ethical AI and responsible automation, RPO or robotic process orchestration, the exploration and mining of processes, platforms using low-code/no-code, the intelligent automation of processes, and automation based in the cloud._x000D_
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What Are the Key Growth Drivers Fueling the Automation Center Of Excellence Market Expansion?_x000D_
The progression of the automation center of excellence market is likely to be bolstered by the rise in industrial automation. This refers to the deployment of control systems, machinery, and innovative technologies to mechanize industrial procedures and responsibilities, usually within manufacturing and production contexts. The escalating adoption of industrial automation is fueled by an amalgamation of economic, technological, and market influences, encouraging manufacturers to recognize automation as an essential strategic priority. The Centers of Excellence (CoE) serve to lessen the potential risks linked to industrial automation projects via the establishment of supervision, governance, and risk management procedures. This comprises the assurance of adherence to safety regulations, cybersecurity norms, and industry optimal practices to reduce the possibility of accidents, interruptions, or security infringements. For example, as reported by the International Federation of Robotics, a non-profit organization based in Germany, in September 2023, there were 553,052 installations of industrial robots in factories across the globe, reflecting an annual growth rate of 5% in 2022. In a regional breakdown, 73% of all recently launched robots were established in Asia, 15% in Europe, and 10% in the Americas. Hence, the surge in industrial automation propels the market for automation center of excellence._x000D_
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What Are the Key Trends Driving Automation Center Of Excellence Market Growth?_x000D_
Key players in the automation center of excellence market are concentrating on the creation of innovative technologies like automation cloud robots to gain a market advantage. Automation Cloud Robots present firms with a powerful resource to enhance operations, improve efficiency, decrease mistakes, and free up human staff to concentrate on more significant tasks. For example, in May 2022, UiPath Inc., an American company specialising in robotic process automation, introduced the Next-Gen UiPath Automation Cloud Robots. It enables clients to quickly establish unattended robots without needing IT, resources, or infrastructure, and facilitates the robots to utilize the benefits of cloud resources for superior performance and functionality._x000D_
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How Is the Automation Center Of Excellence Market Segmented?_x000D_
The automation center of excellencemarket covered in this report is segmented - _x000D_
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1) By Services: Technology Assessment And Consulting, Design And Testing, Governance, Implementation Support_x000D_
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)_x000D_
3) By Verticals: Banking, Financial Services And Insurance, Information Technology And Information Technology Enabled Services, Retail And Consumer Goods, Healthcare And Life Sciences, Manufacturing, Transportation And Logistics, Other Verticals_x000D_
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Subsegments:_x000D_
1) By Technology Assessment And Consulting: Automation Readiness Assessment, Feasibility Studies, Process Evaluation And Optimization _x000D_
2) By Design And Testing: Automation Strategy Development, Solution Design And Architecture, Testing And Quality Assurance For Automation _x000D_
3) By Governance: Compliance And Risk Management, Performance Monitoring And Reporting, Security And Data Privacy Governance _x000D_
4) By Implementation Support: Deployment And Rollout Services, Training And Knowledge Transfer, Post-Implementation Support And Maintenance_x000D_
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Which Companies Are Leading the Charge in Automation Center Of Excellence Market Innovation?_x000D_
Major companies operating in the automation center of excellence market are Microsoft Corp., International Business Machine Corporation, Tata Consultancy Services (TCS) Ltd., Capgemini SE, Infosys Limited, Micro Focus International plc, Nice Ltd., Wipro Limited, BMC Software Inc., SS&C Technologie Holdings Ltd., Pegasystems Inc., UiPath Inc., Verint Systems Inc., SAP SE, Zensar Technologies Inc., HelpSystems Inc., Blueprint Technologies Inc., Roboyo Group Ltd., Testingxperts Pvt. Ltd., ChoiceWORX Inc., Kiwiqa Services Private Limited, Digital Workforce Services plc, ElectroNeek Robotics Inc., Smartbridge Inc., XenonStack Pvt. Ltd_x000D_
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Which Regions Are Leading the Global Automation Center Of Excellence Market in Revenue?_x000D_
North America was the largest region in the automation center of excellence market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation center of excellence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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