What is Automation-as-a-Service Market Scope?
A process of mechanizing a set of operations is referred to as automation. This is accomplished by capturing and understanding high-volume, repetitive processes. Automation as a service refers to an automation service that is supplied via the cloud. It handles a variety of tasks, including activating responses, interpreting data, and interacting with other digital systems. Previously, these operations necessitated a great deal of effort. Businesses had to contend with a variety of faults as a result, including manual errors, delayed functionalities, and labor boredom. Automation as a service is reshaping how repair work is done in the workplace and at home. It aids in the reduction of inconsistencies in the workplace. One key element projected to fuel the worldwide automation as a service market is the increasing adoption of cloud technology among business units. IT, finance, marketing and sales, operations, and human resources are just a few of the company functions where technology is already in use. The growing demand for automation in business processes opens up a lot of opportunities for automation in a variety of industries. Because of its capacity to efficiently do monotonous jobs, automation as a service sector has a great potential for future growth.
Influencing Trend:
Increasing Adoption of the Cloud Technology
Market Growth Drivers:
Increasing Demand for Automation Across Business Processes, Used in Several Applications and Increasing Focus on Digitization are Favoring Demand for the Service.
Challenges:
Lack of Awareness and Lack of Skilled Workforce
Restraints:
Data Security and Privacy Issues
Opportunities:
Higher Adoption Among the SMEs and Technological Advancements
The Automation-as-a-Service market study is being classified by Type (Rule-based Automation and Knowledge-based Automation), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Automation-as-a-Service market throughout the predicted period.
Automation Anywhere, Inc. (United States), Arista Networks (United States), HashiCorp(United States), Kryon Systems Ltd(United States), Blue Prism Group plc (United Kingdom), IBM (United States), Microsoft Corporation (United States), UiPath (United States), HCL Technologies Limited (India) and Hewlett Packard Enterprise Development LP (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Celaton Limited (Hong-Kong), Arago GmbH (Germany) and Amelia US LLC (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automation-as-a-Service market by Type, Application and Region.
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).
Market Influencers and their Development Strategies
In December 2021, Automation Anywhere acquired FortressIQ to reimagine intelligent automation. Combining FortressIQ and Automation Anywhere will usher in a new era of intelligent automation by helping organizations accelerate their automation initiatives and innovate in a digital-first world.
August 2020 – Arista Networks announced a new enterprise-grade Software-as-a-Service (SaaS) offering for the flagship CloudVision platform. Arista’s new CloudVision as-a-Service product is now available as a fully managed software service that automates multi-domain networks spanning across the client to cloud to help customers achieve faster time-to-value, elastic scaling, and continuous network assurance., June 2020 – HashiCorp, the leader in multi-cloud infrastructure automation software, at HashiConf Digital has announced its new flagship cloud offering HashiCorp Cloud Platform (HCP), a fully managed platform offering the HashiCorp products as a service to automate infrastructure on any cloud. and September 2020 – Kryon, the leading full-cycle automation provider known for its fully integrated robotic process automation (RPA) and process discovery solution, today launched the industry's first cloud-based Full Cycle Automation-as-a-Service (FCAaaS) platform
Key Target Audience
Software Providers, Technology Providers, IT Companies, Investors, End Users and Governmental Bodies
Automation-as-a-Service Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automation-as-a-Service Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automation-as-a-Service industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.