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The global automation as a service market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 27% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Automation-as-a-service (AaaS) refers to a platform-based solution used for automating repetitive business tasks and processes by recording and analyzing data generated by existing applications. It integrates the functions, events and processes of all domains into automation layers to produce a unified interface for all workflows. It involves fixed, programmable and flexible automation, which are used for manipulating data, trigger responses and communicate with other digital systems to achieve higher productivity and performance for the organization. AaaS can be deployed on-premises or on public through private or hybrid clouds. As a result, it finds extensive applications across various industries, such as banking, financial services and insurance (BFSI), telecommunication, information technology (IT), healthcare, manufacturing and transportation.
The increasing utilization of industrial automation systems across the globe is one of the key factors driving the growth of the market. Moreover, the widespread adoption of cloud computing services is providing a thrust to the market growth. With the emergence of virtual workspaces and cognitive computing, organizations are increasingly utilizing AaaS platforms for adapting their service delivery and operations processes. For instance, BFSI organizations use AaaS platforms in automated teller, draft deposit and cash deposit machines. They are also used for aggregating information, reviewing loan applications, validating credit profiles, processing loans, detecting fraud, know your customer (KYC) processing, customer service and compliance. Additionally, the integration of connected devices with the Industrial Internet of Things (IIoT), artificial intelligence (AI) and machine learning (ML), are acting as other growth-inducing factors. These technologies aid in operating virtual assistants and bots in healthcare and retail applications. Other factors, including significant growth in the IT industry, along with rapid digitization and the advent of Industry 5.0, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automation as a service market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, business function, enterprise size and vertical.
Breakup by Component:
Breakup by Business Function:
Breakup by Enterprise Size:
Breakup by Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Automation Anywhere Inc., Blue Prism Limited, HCL Technologies Limited, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Kofax Inc., Microsoft Corporation, NICE, Pegasystems Inc. and UiPath.
|Base Year of the Analysis||2020|
|Segment Coverage||Component, Business Function, Enterprise Size, Vertical, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Automation Anywhere Inc., Blue Prism Limited, HCL Technologies Limited, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Kofax Inc., Microsoft Corporation, NICE, Pegasystems Inc. and UiPath.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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