Automation-as-a-Service Market – Industry Analysis and Forecast (2017-2024) _ by Component (Services, Solution), by Service (Professional Services, Managed Services), by Business Function (Finance, IT, Human Resources, Operations, Sales Marketing), by Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud), by Type (Knowledge-based Automation, Rule-based Automation), by Organization Size (Small & Medium Size Enterprises, Large Enterprises), by Industry (Telecom & IT, Retail & Consumer Goods, Manufacturing, Healthcare & Life Science, Defense & Government, Transportation & Logistics, BFSI, Energy & Utilities, Others) and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
Automation-as-a-Service Market valued USD 1.86 Billion in 2016 and expected to reach USD 12.3 Billion by 2024, at a CAGR of 31.1%.
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Increasing demand for automation across business processes and increasing adoption of the cloud technology. Maintaining data security and privacy will restrain the market growth. Higher adoption among the SMEs and ability to generate a positive RoI brings an opportunity to market. Lack of awareness and skilled workforce are key challenges before automation as a service market.
Services segment is expected to witness lucrative market growth
Services segment is the fastest growing sub-segment in components, owing to the growing demand for necessity of automation-as-a-service solutions in various verticals.
BFSI vertical segment is leading end user segment.
Banking, Financial services and Insurance (BFSI ) vertical segment is leading the automation-as-a-service market. Increasing volume and variety of data day-by-day, automation demand to maintain and manage these records of the financial transactions in banks and other financial institutes is also increasing.
Sales and marketing business function is expected to grow at the highest CAGR
Need for sales and marketing departments across industries, to automate various repetitive and tiresome tasks that consumes a lot of time of the sales and marketing representatives, which can otherwise be used for beneficial tasks such as customer acquisition and retainment.
Asia Pacific is expected to be the highest growing region in the automation-as-a-service market
Surging adoption of automation and cloud technologies, and government initiatives in the Asia Pacific countries, including China and India.
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global automation-as-a-service market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global automation-as-a-service market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global automation-as-a-service market positioning of competitors.
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