Global Automation as a Service Market to Reach US$ 49.2 Billion by 2032, Impelled by Rising Trend of Cloud Computing

June 15, 2023 | Technology & Media

According to the latest report by IMARC Group, titled "Automation as a Service Market Report by Component (Solution, Services), Business Function (Information Technology, Sales and Marketing, Operations, Finance, Human Resource, and Others), Enterprise Size (Large Enterprises, Small and Medium Enterprises), Vertical (BFSI, Telecom and IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, and Others), and Region 2024-2032," the global automation as a service market size reached US$ 7.6 Billion in 2023. Automation as a service (AaaS) is a solution provided by vendors to enterprises that are focusing on implementing large-scale automation projects or scale automation across their organizations. It consists of fixed, programmable, and flexible automation, which is employed for managing and manipulating data and initiating responses. It can deploy on-premises through private and hybrid clouds. It enables companies to accelerate their service delivery by using technology instead of relying on the manual execution of processes and requests. It also assists in improving customer satisfaction by allowing enterprises to execute their operations efficiently and spontaneously.

Global Automation as a Service Market Trends:

At present, the increasing demand for AaaS to enhance productivity and operational efficiency by relieving the burden of excess work on employees represents one of the key factors propelling the growth of the market. Besides this, the rising trend of cloud computing for delegating routine tasks and storing large amounts of data is contributing to the growth of the market. In addition, the growing adoption of robotic or autonomous systems that can operate without or with minimum human interference is offering a favorable market outlook. Apart from this, the rising trend of automating business processes to minimize errors in operations is supporting the growth of the market. Additionally, the increasing adoption of AaaS to manage information technology (IT) operations and redirect resources and effort into other roles and divisions is bolstering the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 49.2 Billion by 2032, exhibiting a CAGR of 22.3% during 2024-2032.

Market Summary:

On the basis of the component, solution represents the largest segment, followed by services.
Based on the business function, the market has been segregated into information technology, sales and marketing, operations, finance, human resource, and others. At present, finance holds the biggest share in the market.
On the basis of the enterprise size, the market has been bifurcated into large enterprises and small and medium enterprises. Large enterprises currently exhibit a clear dominance in the market.
Based on the vertical, the market has been divided into BFSI, telecom and IT, retail and consumer goods, healthcare and life sciences, manufacturing, and others. Presently, BFSI accounts for the total market share.
Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players 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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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)

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Global Automation as a Service Market to Reach US$ 49.2 Billion by 2032, Impelled by Rising Trend of Cloud Computing

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