Automation-as-a-Service Market Size by Component, Services, Deployment Mode, Business Function, Type, Organization Size, Industry, Region – Revenue Pool Analysis, Margin Structure Assessment, Capital Flow Trends, Competitive Benchmarking & Forecast to 2029
Overview
Automation-as-a-Service Market is expected to reach US $ 45.17 Bn by 2029, at a CAGR of 28.1% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. 
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Rising adoption of automation and the technological advancements taking place and the swift growth of the adoption of cloud technology are the key driving factors for the growth of the market in the forecast period. The increasing demand of the cloud technology. Maintaining data security and privacy will augment 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.
Automation-as-a-service solutions and services are used for various business functions, which include information technology (IT), sales and marketing, finance, operations, and human resource. Sales and marketing business function are anticipated to witness the highest CAGR owing to increasing need for sales and marketing departments across industries, to automate various repetitive and mundane tasks that utilize a lot of time of the sales and marketing representatives, which can otherwise be used for beneficial tasks such as customer acquisition and retainment.
Automation-as-a-service market end-use segment includes banking, financial services, and insurance (BFSI), telecom and IT, retail and consumer goods, manufacturing, healthcare and life sciences, energy and utilities, transportation and logistics, media and entertainment, government and defense, and others (travel and hospitality, and education). BFSI segment is leading the market while healthcare and life sciences industry is expected to witness the highest CAGR during the forecast period because of the increasing need for managing the growing data coming from various patients, maintaining their records, and automating the repetitive tasks.
The Asia Pacific is predicted to be the highest growing region in the automation-as-a-service market owing to the increasing adoption of automation and cloud technologies, and government initiatives, in developing countries, including China and India. North America is expected to continue being the largest revenue-generating region for the automation-as-a-service vendors. Presence of various developed economies, such as Canada and US and high focus on innovations in R&D and technology across industries is driving the market growth in North America.
The objective of the report is to present comprehensive analysis of Global Automation-as-a-Service market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Automation-as-a-Service market dynamics, structure by analyzing the market segments, and project the Global Automation-as-a-Service market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automation-as-a-Service market make the report investor’s guide.
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| Global Automation-as-a-Service Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 7.98 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 28.1% | Market Size in 2029: | US $ 45.17 Bn. |
| Segments Covered: | by Component | Services Solution |
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| by Services | Professional Services Managed Services |
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| by Deployment Mode | Private Cloud Public Cloud Hybrid Cloud |
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| by Business Function | Finance IT Human Resources Operations Sales Marketing |
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| by Type | Knowledge-based Automation Rule-based Automation |
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| by Organization Size | Small & Medium Size Enterprises Large Enterprises |
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| by Industry | Telecom & IT Retail & Consumer Goods Manufacturing Healthcare & Life Science Defense & Government Transportation & Logistics BFSI Energy & Utilities Others |
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Automation-as-a-Service Market, by Geographies:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Automation-as-a-Service Market Key Players are:
1. Blue Prism
2. Microsoft
3. Nice Ltd
4. Uipath
5. Automation Anywhere
6. IBM
7. HPE
8. HCL Technologies
9. Kofax
10.Microsoft
Frequently Asked questions
1. What is the market size of the Global Automation-as-a-Service Market in 2022?
Ans. The market size Global Automation-as-a-Service Market in 2022 was US$ 7.98 Billion.
2. What are the different segments of the Global Automation-as-a-Service Market?
Ans. The Global Automation-as-a-Service Market is divided into Component ,Services, Deployment Mode, Business Function ,Organization Size, Type and Industry.
3. What is the study period of this market?
Ans. The Global Automation-as-a-Service Market will be studied from 2022 to 2029.
4. Which region is expected to hold the highest Global Automation-as-a-Service Market share?
Ans. The Asia Pacific dominates the market share in the market.
5. What is the Forecast Period of Global Automation-as-a-Service Market?
Ans. The Forecast Period of the market is 2023-2029 in the market.