Automation as a Service Market Scope
Cloud-based technologies used for the business process automation refers to automation as a service. Market players in the business process automation are focusing on technological advancement. For instance, Capgemini launched the artificial intelligence integrated intelligent automation platform designed to provide the rapid deployment of automation for the businesses. Moreover, increasing demand from the developing economies owing to growth in IT industry driving the market growth.
According to AMA, the Global Automation as a Service market is expected to see growth rate of 21.24%Leading global players are focusing on strategic partnerships to improve their products and services. For instance, MindCraft provider of software services enter in the partnership with Automation Anywhere to expand its portfolio of robotic process automation services for the financial sector. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Automation as a Service market throughout the predicted period.
Automation Anywhere, Inc. (United States), Blue Prism Group plc (United Kingdom), International Business Machines Corporation (United States), Microsoft Corporation (United States), UiPath (United States), HCL Technologies Limited (India), Hewlett Packard Enterprise Development LP (United States) and Kofax Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are NICE Ltd. (Israel) and Pegasystems Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Automation as a Service market by Type (Rule-Based Automation and Knowledge-Based Automation) and Region with country level break-up.
On the basis of geography, the market of Automation as a Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Integration of Technologies Such As Machine Learning, Artificial Intelligence, and Others and Emphasizing On Development of Connected Infrastructure
Market Growth Drivers:
Growing Focus on Business Process Automation and Rising Adoption Cloud Technology
Challenges:
Lack of Awareness in the Low and Middle Income Group Countries
Restraints:
Risk Associated With Data Security and Privacy and Lack of Skilled Workforce to Adopt New Technology
Opportunities:
Increasing Demand from the Small and Medium Enterprises and Rising Demand from the Developing Economies Owing To Growth in Industrialization
Market Leaders and their Expansionary Development Strategies
14th June 2019, Automation Anywhere announced the strategic collaboration with Microsoft to enhance their intelligent automation solution. Moreover, Automation Anywhere selected Azure as its cloud platform.
2018, Automation Anywhere, provider of robotic process automation services opens a new facility in Bengaluru to expand its business process in India.
Key Target Audience
Solution Vendors, Original Equipment Manufacturers (OEMs), System Integrators, Advisory Firms, National Regulatory Authorities, Venture Capitalists, Private Equity Groups, Investment Houses, Equity Research Firms and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.