Global Automation-as-a-Service
Market Report
2024
the global automation-as-a-services market size was USD 5.5 billion in 2022 and will grow at a compound yearly growth rate (CAGR) of 25.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Automation-as-a-Service Market Report 2024.
According to Cognitive Market Research, the global automation-as-a-services market size was USD 5.5 billion in 2022 and will grow at a compound yearly growth rate (CAGR) of 25.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automation-as-a-Service Market Sales Revenue 2022 | $ 5.5 Billion |
Global Automation-as-a-Service Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 25.5% |
Market Split by Component |
|
Market Split by Industry |
|
Market Split by Deployment |
|
Market Split by Enterprise Size |
|
Market Split by Business Type |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Automation-as-a-Service industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automation-as-a-Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Automation-as-a-service is largely being adopted in different industries these days as it allows firms to automate existing business operations by analyzing and recording such high-volume data. This helps them to avoid the flaws of manual processes like their slow pace, labor monotony, and human errors to a process that is more fast-paced and accurate and reduces human interventions.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Automation-as-a-service industry.
For instance, an intelligent in-patient room automation system as a one-stop shop was introduced by Healthnet Global for all requirements called AutoMaid, which contains a contactless sensor, cloud-based patient monitoring tool, and communication pod having an AI-powered triaging system. These characteristics capture real-time body vitals and provide round-the-clock monitoring for previously monitored patients.
The adaptive abilities of SMEs offer a backbone to define the economic structures globally. Technology has become an important part of everything a business does. Therefore, SMEs can also reap huge benefits with the automation of their IT, HR, finance, operations and marketing and sales processes.
As per the EC, SMEs have more than 250 employees, with an yearly turnover of up to USD 60 million; SMEs comprise 99% of the overall companies in the European Union alone.
(Source:single-market-economy.ec.europa.eu/smes/sme-definition_en)
The automation solutions offered on a cloud can be valuable for SMEs, as they do not have enough resources to invest in manpower. Investing in these solutions has the ability to streamline business processes, thus making the business profitable. The awareness about the advantages of automation-as-a-service has helped in the increased adoption of these solutions by SMEs.
Privacy and data security are the reasons that companies focus on as data loss is possible. Data loss is a threat from the new cases like Wannacry, AlienBot, Cryptojackling, Fireball, Zeus, Fireball and other ransom is not paid for the decryption key in order to restore the data. The lack of maintenance of data security and privacy, along with a lack of skilled workflow, is anticipated to restrain the market growth. Further, the alterations in operating processes and business rules impact the efficiency of the market. The repeated alteration in processes increases the chances of re-programming and reworking.
The Covid-19 pandemic had a positive effect on the automation-as-a-service market. It helped clients in leveraging modern tools for different applications, mainly in healthcare. The market of automation-as-a-service was greatly useful for different medical applications like decoding genomic sequences for the development of drugs, improvement of CT scans, remote patient monitoring and healthcare automated solutions. Further, the adoption of smart manufacturing processes using AI and IoT technologies has boosted market growth after the pandemic.
We have various report editions of Automation-as-a-Service Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The market for automation-as-a-service is cohesive because of the presence of significant market players. Several international market participants are involved in the acquisition tactics for growing their market share and product innovations. They are progressively implementing partnership and collaboration strategies in order to increase the capabilities of their products and offer their clients novel technologies.
August 2022: A London-based natural language processing start-up for unstructured communications and documents, Re: infer was acquired by UiPath. This will help UiPath software robots to comprehend the semantics and context of emails, audio sessions, and online chats, leading to improved customer support interactions utilizing automation and AI.
(Source:ir.uipath.com/news/detail/241/uipath-acquires-re-infer-bringing-natural-language)
August 2022: A provider of warehouse automation, GreyOrange, provided robotic fulfillment systems which are utilized by H&M. H&M used it when warehouse automation technology of GreyOrange was successfully implemented at other companies and provided continuously improved performance and better efficiencies. H&M utilizes grey-orange robots in its warehouse in order to complete different tasks.
(Source:www.greyorange.com/industry-news/csa-exclusive-hm-streamlines-fulfillment-with-robotics/)
Top Companies Market Share in Automation-as-a-Service Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in the year 2022 and accounted for the largest share of global share due to several variables. The North American region dominates the market for automation-as-a-service as it is one of the biggest contributors and investors, and with the presence of leading IT companies also, the company is witnessing an increase in equity investments in start-ups and innovations in the industry. The advancement in technology and well-established regional IT infrastructure adoption in this region is boosting the market growth.
According to Cognitive Market Research, the US has the highest demand for automation-as-a-service. It has a firm integration of linked IoT-based devices that produces large amounts of data every second. The majority of global expenses on AI technologies are absorbed by the United States alone. The presence of leading cloud-based and IT businesses like Accenture, IBM, Microsoft Corporation, and others. The industry is hugely boosted by the growing demand for automation in different financial and technological sectors.
The rising demand for automation services and solutions in different industries like IT & Telecom, BSFI, and healthcare, among others. The emergence of several manufacturing firms which utilizes automation systems characterizes the growth of the regional industry. The growing utilization of cloud technologies and several other government efforts like smart cities throughout the Asia Pacific countries like India and China. Further, the growing focus on research and development and technology-based innovations increased the utilization of automated computing infrastructure.
The current report Scope analyzes Automation-as-a-Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Automation-as-a-Service Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automation-as-a-Service Industry growth. Automation-as-a-Service market has been segmented with the help of its Component, Industry Deployment, and others. Automation-as-a-Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the service segment is expected to experience considerable market growth due to the automation services suite, inclusive of installation, consultation, maintenance, and support services. The service automation idea is opted over solutional packages due to its capability to connect with almost every domain and functionality tool for having a single interface for all processes. The rising acceptance of automation services for providing efficient business operations like automation of several data analysis, events and other business activities for more streamlined functioning.
The solution segment is continuously evolving, with novel technologies and landscape and shaping advancements. Businesses often opts for solutions based on their unique requirements, long-term strategic goals, and existing technology infrastructure.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automation-as-a-Service Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the BSFI is one of the prominent investors and adopters due to the high automation adoption rate throughout the business process applications. Draft deposits, automated tellers, and cash deposit machines are a few initial applications of automation solutions in this sector. Further, the banking industry has intense competition in the industry because of many market players. Therefore, companies are trying to include cost-effective solutions in order to assist them in holding their positions at the top.
The IT & Telecommunication segment is the second fastest growing category in the industry segment of automation-as-a-service market due to advancement in technology in this sector.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
The hybrid cloud segment utilizes a combination or hybrid of public clouds, on-premises, and private cloud computing. This helps the segment to attain increased demand from firms because it will help them to be flexible, and business operations can be operated throughout either of the clouds and even between on-premises and cloud whenever needed and are growingly being deployed by the SMEs in their operations.
The public cloud deployment is the second fastest growing segment as it provides scalability, ease of access, and cost-effectiveness. This deployment is mostly chosen by organizations looking to rapidly scale their automation initiatives without the requirement for extensive infrastructure management.
According to Cognitive Market Research, the small and medium-scale segment is dominating the market. In the industries like information technology, finance, sales & marketing, human resources, and operations, SMEs can benefit from process automation. The cloud-based automation solutions are helpful for SMEs as they lack the funds to invest in hiring personnel. The automation services can help streamline business operations and fuelling profitability.
The market of automation-as-a-service has been gaining popularity in the large enterprise sectors because of its potential to streamline operations and enhance efficiency and scalability. Large enterprises have complex and wide operations making automation an attractive solution to optimize processes.
According to Cognitive Market Research, the finance and human resources segment dominates the market as automation-as-a-service is rapidly being deployed in this segment in order to maintain the efficiency and accuracy of workflow in the same. This assists in the effective streamlining of work as repetitive tasks are then made automated, like the selection of candidates and keeping the data records.
The sales and marketing category is the second fastest-growing category. AaaS can streamline lead generation, email marketing, customer relationship management, and other tasks. This can help businesses reach and engage customers more efficiently. The AaaS in marketing and sales drives the desire to optimize customer engagement, enhance conversion rates, and offer personalized experiences.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automation-as-a-Service Market is witnessing significant growth in the near future.
In 2023, the Service segment accounted for noticeable share of global Automation-as-a-Service Market and is projected to experience significant growth in the near future.
The BFSI segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Automation Anywhere , Blue Prism Limited and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Service, Solution |
Industry | BFSI, IT & Telecommunications, Healthcare & Life Sciences, Others |
Deployment | Public Cloud, Private Cloud, Hybrid Cloud |
Enterprise Size | Large Enterprise, Small and Medium Sized Enterprise |
Business Type | IT Operations, Sales and Marketing, Finance and Human Resources |
List of Competitors | Automation Anywhere, Inc., Blue Prism Limited, HCL Technologies Limited, Hewlett Packard Enterprise Development LP, Kyron Systems, Accenture, WorkFusion Inc., Siemens, Robonomics AI, IBM, Microsoft, Hexaware Technologies Limited, AVEVA Group plc, Micro Focus, UiPath, Cognizant, Capgemini, Makino India Pvt Ltd, Pegasystems Inc, KOFAX INC |
This chapter will help you gain GLOBAL Market Analysis of Automation-as-a-Service. Further deep in this chapter, you will be able to review Global Automation-as-a-Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Industry Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Deployment Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Enterprise Size Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by Business Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automation-as-a-Service market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Service have a significant impact on Automation-as-a-Service market? |
What are the key factors affecting the Service and Solution of Automation-as-a-Service Market? |
What is the CAGR/Growth Rate of BFSI during the forecast period? |
By type, which segment accounted for largest share of the global Automation-as-a-Service Market? |
Which region is expected to dominate the global Automation-as-a-Service Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Automation-as-a-Service Market
Request Sample