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Automation as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global automation as a service market reached a value of US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.9 Billion by 2027, exhibiting a CAGR of 27.07% during 2022-2027. 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. 

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Automation as a Service Market Trends:

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. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automation as a service market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, business function, enterprise size and vertical.

Breakup by Component:

 

 
 

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  • Solution
  • Services
     

Breakup by Business Function:

  • Information Technology
  • Sales and Marketing
  • Operations
  • Finance
  • Human Resource
  • Others
     

Breakup by Enterprise Size:

  • Large Enterprises
  • Small and Medium Enterprises
     

Breakup by Vertical:

  • BFSI
  • Telecom and IT
  • Retail and Consumer Goods
  • Healthcare and Life Sciences
  • Manufacturing
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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$ 2499
Five User License: US$ 3499
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)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Automation as a Service Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Solution
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Business Function
    7.1    Information Technology
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Sales and Marketing
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Operations
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Finance
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Human Resource
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Enterprise Size
    8.1    Large Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Small and Medium Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Vertical
    9.1    BFSI
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Telecom and IT
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Retail and Consumer Goods
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Healthcare and Life Sciences
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Manufacturing
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Automation Anywhere Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Blue Prism Limited
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
        15.3.3    HCL Technologies Limited
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Hewlett Packard Enterprise Development LP
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    International Business Machines Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Kofax Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Microsoft Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    NICE
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Pegasystems Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    UiPath
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Automation as a Service Market: Major Drivers and Challenges
Figure 2: Global: Automation as a Service Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Automation as a Service Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Automation as a Service Market: Breakup by Component (in %), 2021
Figure 5: Global: Automation as a Service Market: Breakup by Business Function (in %), 2021
Figure 6: Global: Automation as a Service Market: Breakup by Enterprise Size (in %), 2021
Figure 7: Global: Automation as a Service Market: Breakup by Vertical (in %), 2021
Figure 8: Global: Automation as a Service Market: Breakup by Region (in %), 2021
Figure 9: Global: Automation as a Service (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Automation as a Service (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Automation as a Service (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Automation as a Service (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Automation as a Service (Information Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Automation as a Service (Information Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Automation as a Service (Sales and Marketing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Automation as a Service (Sales and Marketing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Automation as a Service (Operations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Automation as a Service (Operations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Automation as a Service (Finance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Automation as a Service (Finance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Automation as a Service (Human Resource) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Automation as a Service (Human Resource) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Automation as a Service (Other Business Functions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Automation as a Service (Other Business Functions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Automation as a Service (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Automation as a Service (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Automation as a Service (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Automation as a Service (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Automation as a Service (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Automation as a Service (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Automation as a Service (Telecom and IT) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Automation as a Service (Telecom and IT) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Automation as a Service (Retail and Consumer Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Automation as a Service (Retail and Consumer Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Automation as a Service (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Automation as a Service (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Automation as a Service (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Automation as a Service (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Automation as a Service (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Automation as a Service (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Automation as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Automation as a Service Market: Breakup by Country (in %), 2021
Figure 89: Middle East and Africa: Automation as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Global: Automation as a Service Industry: SWOT Analysis
Figure 91: Global: Automation as a Service Industry: Value Chain Analysis
Figure 92: Global: Automation as a Service Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Automation as a Service Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automation as a Service Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Automation as a Service Market Forecast: Breakup by Business Function (in Million US$), 2022-2027
Table 4: Global: Automation as a Service Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 5: Global: Automation as a Service Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 6: Global: Automation as a Service Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Automation as a Service Market: Competitive Structure
Table 8: Global: Automation as a Service Market: Key Players


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Key Questions Answered in This Report

We expect the global automation as a service market to exhibit a CAGR of 27.07% during 2022-2027.
 

The rising integration of industrial applications with numerous advanced technologies, such as Industrial Internet of Things (IIoT), artificial intelligence (AI), machine learning (ML), etc., is primarily driving the global automation as a service market.
 

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of Automation as a Service for remotely operating and automating repetitive processes by analyzing data generated by existing applications, across several organizations.
 

Based on the component, the global automation as a service market can be segmented into solution and services. Currently, solution holds the majority of the total market share.
 

Based on the enterprise size, the global automation as a service market has been categorized into large enterprises and small and medium enterprises, where large enterprises currently account for the largest market share. 
 

Based on the vertical, the global automation as a service market can be bifurcated into BFSI, telecom and IT, retail and consumer goods, healthcare and life sciences, manufacturing, and others. Among these, the BFSI sector currently exhibits a clear dominance in the market.
 

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market. 
 

Some of the major players in the global automation as a service market include 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.
 

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