The automation as a service market size is expected to see exponential growth in the next few years. It will grow to $16.99 billion in 2028 at a compound annual growth rate (CAGR) of 23.2%. The growth in the forecast period can be attributed to increasing adoption of cloud-based solutions, growing demand for intelligent automation, emphasis on hyperautomation strategies, industry-specific automation solutions, rise in remote workforce and digital transformation. Major trends in the forecast period include increased demand for process automation, shift towards cloud-based automation, rise of intelligent process automation (ipa), integration of ai and machine learning, automation for business continuity and efficiency..
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Segmentation & Regional Insights
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
North America was 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
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Major Driver Impacting Market Growth
The increasing demand for automation across business processes is driving the growth of automation as a service market. Automation in business operations is the use of technology to carry out repetitive actions and jobs rather than people. Businesses must streamline their recruiting, accounts payable, and contract management procedures to increase productivity and decrease the risk of human mistakes. Additionally, automation can increase overall business function efficiency, standardize best practices, and cost savings. For instance, in June 2022, Salesforce Inc., a US-based cloud-based software company, conducted a global survey of 600 CIOs and IT decision makers, revealing that in the past 2 years, 91% of respondents have observed an increased demand for automation from various business sectors, with research and development (39%), administrative/operations (38%), customer service (33%), and marketing (26%). Therefore, the increasing need for automation in business processes drives the automation as a service market growth.
Key Industry Players
Major companies operating in the automation as a service market report are 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
The automation as a service market report table of contents includes:
1. Executive Summary
2. Automation As A Service Market Characteristics
3. Automation As A Service Market Trends And Strategies
4. Automation As A Service Market – Macro Economic Scenario
5. Global Automation As A Service Market Size and Growth
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31. Global Automation As A Service Market Competitive Benchmarking
32. Global Automation As A Service Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automation As A Service Market
34. Automation As A Service Market Future Outlook and Potential Analysis
35. Appendix
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