Automation as Service Market 2023: Industry Growth, Dynamic Research Analysis, Trend and Forecast To 2029
The Global Automation as a Service Market was estimated at USD 7.46 Billion in 2021, and is projected to reach USD 30.53 Billion by 2028, growing at a CAGR of 22.3 % over the analysis period.
Automation has progressed beyond repetitive tasks and cost-cutting. It now streamlines operations, improves efficiency, and provides a far better customer experience. In an era of increasing competitiveness, globalization, and changing business cycles, there is a greater emphasis on innovation, increasing agility, and reducing operational complexity. To effectively achieve these goals, Automation as a Service (AaaS) comes to the rescue. With the increasing adoption of Machine Learning and Artificial Intelligence, AaaS is becoming increasingly important and is experiencing rapid growth.
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The latest research on the Automation as Service Market provides a comprehensive overview of the market. It gives a comprehensive picture of the global Automation as Service industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Automation as Service Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
The Major Players in The Automation as Service Market Include:
- Hexaware Technologies
- Automation Anywhere Inc.
- Blue Prism Group PLC
- Microsoft Corporation
- Pegasystems Inc
- Kofax Inc.
- HCL Technologies Limited
- Hewlett Packard Enterprise Development LP
- NICE Ltd.
- WorkFusion Inc.
- Uipath Inc., and Other Major Players
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Market has segmented the global Automation as Service Market on the basis of type, application, and region:
By Business Function
- Information Technology
- Human Resources
- Sales & Marketing
By End-Use Industry
- Telecom & IT
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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Covid-19 Impact Analysis On Automation as a Service Market
As a result of the COVID-19 epidemic, self-service networks, remote workspaces, ‘as a service’ models, and robust AI infrastructure are on the rise. In recent months, the adoption rate has increased even more. According to a Nasscom report published in 2020, the COVID-19 pandemic had accelerated global growth of automation technology, providing massive opportunities for the AaaS industry. The AaaS helps businesses and organizations improve their service delivery and operations processes for greater accuracy, cost savings, and competitiveness.
Reasons to Purchase this Report:
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
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