The growth of novel technologies, including cognitive computing, machine learning, and artificial intelligence, is expected to promote the development of automation tools at a rapid pace. Application of intelligent technologies among the innovation leaders and business pioneers is predicted to create a platform that would lead to the development of improvised framework, which would incorporate everything from staffing and general expenses to execution and productivity. Further, organizations around the world are highly investing in innovative and disruptive technologies such as RPA, process automation, AI, ML, Blockchain, and others to drive optimization and refocus their critical resources on tasks that boost revenue growth and innovation.

The ICT companies and various industry players are planning to make substantial investments in automation solutions and services. The automation platforms offered by the vendors, along with the technology-oriented automation proficiency, enable the clients to focus on creating better business value. Apart from the large enterprises, various SMEs around the world are also adopting the automation services to ease their business operations. This trend is predominantly driven by the presence of a new category of cloud-only solutions, which help in minimizing integration complexities and installation costs with quick setup. The North American market for automation-as-a-service is projected to exhibit high growth in the near future. Factors including cost benefits offered by automation solution and rapid product innovation by the technology providers are propelling the adoption in diverse industry verticals. However, alterations in operating procedures and business rules impacting the efficiency are might hinder the market growth during the forecast period. Business Market Insights reports are useful not only for corporate and academic professionals but also for consulting, research firms, PEVC firms, and professional services firms.

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Automation-as-a-service Market - Companies Mentioned

Accenture PLC
Automation Anywhere, Inc.
Blue Prism Group plc
HCL Technologies Limited
Hewlett Packard Enterprise
IBM Corporation
Microsoft Corporation
NICE Ltd.
Pegasystems Inc
UiPath

Currently, the US is dominating the in terms of installation, which in turn boosts the demand for the automation-as-a-service market in the region. The US alone absorbs the major share of the total spending in artificial intelligence technology. The growth in automation-as-a-service in the US is mainly driven by factors that include its state of being one of the best internet connected countries in the world, with around 85% of its population using the internet in 2018. Also, the US has deep integration of IoT based connected devices that generate a huge amount of digital data every second. Further, the country is a hub of leading IT & cloud-based companies, which includes Accenture, IBM, Microsoft Corporation, and many others. The rising demand for automation in several tech & financial institutions is also significantly contributing to the market. The figure given below highlights the revenue share of Mexico in the North America automation-as-a-service market in the forecast period:

NORTH AMERICA AUTOMATION-AS-A-SERVICE MARKET - SEGMENTATION

North America Automation-As-A-Service Market – By Component

Solution
Service

North America Automation-as-a-service Market – By Deployment Type

On-Premise
Cloud

North America Automation-as-a-service Market – By Business Function

Sales & Marketing
Finance & Operations
Human Resource
IT

North America Automation-as-a-service Market – By Industry Vertical

BFSI
IT & Telecom
Retail
Healthcare & Life Sciences
Transportation & Logistics
Government Agencies & Defense
Manufacturing
Others

North America Automation-as-a-service Market – By Country

US
Canada
Mexico

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