Global Automation As A Service Market Price 2024, Forecast To 2033
14 Feb, 2024
The automation as a service market has undergone exponential growth, escalating from $6.04 billion in 2023 to $7.38 billion in 2024, reflecting a 22.2% CAGR. Historical growth is attributed to increased demand for streamlining business processes, the evolution of robotic process automation (RPA), a shift towards cloud computing, and a focus on cost reduction and operational efficiency. Future projections anticipate continued exponential growth, reaching $16.99 billion in 2028, with a 23.2% CAGR. Anticipated drivers include the increasing adoption of cloud-based solutions, growing demand for intelligent automation, emphasis on hyperautomation strategies, industry-specific automation solutions, and the rise in remote workforce and digital transformation.
Global Automation As A Service Market Key Driver
The automation as a service market is set to grow with the increasing demand for automation across business processes. Automation in business operations improves efficiency, standardizes practices, and reduces costs. Salesforce's survey indicates a 91% increase in demand for automation across various business sectors, driving the automation as a service market.
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The automation as a service market covered in this report is segmented –
1) By Type: Rule-Based Automation, Knowledge-Based Automation
2) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By Business Function: Information Technology, Finance, Human Resources, Sales And Marketing, Operations
4) By Service: Managed Services, Professional Services
5) By Industry: Banking, Financial Services, And Insurance (BFSI), Telecom And IT, Retail And Consumer goods, Healthcare And Life Sciences, Manufacturing, Government And Defense, Energy And Utilities, Media And Entertainment, Transportation And Logistics, Others Industries
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North Americawas the largest region in the automation as a service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automation As A Service Industry Players
Automation Anywhere Inc.; Blue Prism Group plc; HCL Technologies Limited; Hewlett Packard Enterprise Company; International Business Machines Corporation; Microsoft Corporation; UiPath; Pegasystems Inc.; Kofax Inc.; Nice Ltd.; Accenture plc; Capgemini SE; Cognizant; Infosys Limited; Tata Consultancy Services Limited; Wipro Limited; Tech Mahindra Limited; Genpact Limited; DXC Technology Company; Atos SE; Deloitte Touche Tohmatsu Limited; Ernst & Young Global Limited; KPMG International Limited; ScienceSoft USA Corporation; PixelCrayons; CONTUS TECH; DevCom; Algoworks; ELEKS Software; WorkFusion; EdgeVerve Systems
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Automation As A Service Market Overview
Automation as a service refers to a service that vendors provide to enterprises that are seeking to implement automation across their organization. Automation helps with improved speed, agility, and service delivery, reduced manual processing, reduced IT spending, improved productivity across departments, and faster troubleshooting.
Automation As A Service Global Market Report 2023 provides data on the global automation as a service market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automation as a service market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.