Market Analysis

Automation as a Service Market to hit USD 9.36 Billion by 2030, registering a 24% CAGR during the forecast period, 2022-2030, states the latest Market Research Future (MRFR) analysis. Automation as a service can be defined as a process to assimilate every domain and functionality tool into different automation layers to have unified interface for all workflows. This can also be defined as the process of automating events, business functions, tasks, and processes.

Various factors are fuelling the global automation as a service market growth. As per the recent MRFR market estimates, such factors include the high adoption of automation services across business processes, use of cloud technology within enterprises to improve business growth, higher adoption of automation services among small and medium enterprises, the ability to generate positive impact, the demand for automation across business processes, adoption of cloud technology, the ability of performing mundane tasks efficiently, the advent of digitalization, the advent of industry 4.0, favorable government initiatives especially in developing regions to adopt technology to modernize applications, and the rise in adoption of robotics in manufacturing facilities.

On the contrary, maintaining data security and privacy, lack of skilled workforce, lack of awareness of automation as a service, impact of the COVID-19 outbreak, and rise in number of cyber-attacks on digital data may limit the global automation as a service market growth in the region.

Key Players

The eminent players profiled in the global automation as a service market report include Pegasystems Inc. (U.S.), NICE Ltd. (Israel), Kofax Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), HCL Technologies Limited (India), UiPath (U.S.), Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), Blue Prism Group Plc. (U.K), and Automation Anywhere, Inc. (U.S.), among others.

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Market Segmentation

The MRFR report throws light on an inclusive segmental analysis of the global automation as a service market based on vertical, application, organization size, deployment, type, and component.

By component, the global automation as a service market is segmented into professional services and managed services. The professional services is again segmented into support and training, deployment and integration, and consulting services. Of these, the service segment will lead the market over the forecast period.

By deployment, the global automation as a service market is segmented into on-premise and cloud. Of these, the cloud segment will dominate the market over the forecast period.

By organization size, the global automation as a service market is segmented into large enterprises and small and medium enterprises. Of these, the large enterprise segment will spearhead the market over the forecast period.

By application, the global automation as a service market is segmented into finance and human resources (HR), operations, sales and marketing, and information technology (IT). Of these, the sales and marketing segment will have the lions share in the market over the forecast period.

By end user, the global automation as a service market is segmented into hospitality, media and entertainment, transportation and logistics, healthcare and life science, retail and wholesale, telecommunications and IT, BFSI, and others. Of these, the BFSI segment will command the largest share in the market over the forecast period.

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Regional Analysis

By region, the global automation as a service market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will head the market over the forecast period. Technological advances, the presence of well-established IT infrastructure, the adoption of advanced technology across numerous industries, growing tech savvy population, the presence of well-developed economies of Canada and US, and the availability of prominent players are adding to the global automation as a service market growth in the region. The additional factors adding market growth include the existence of the largest information technology industry, the presence of top IT companies, the increase in the establishment of local start-ups, and the adoption of advanced technology across different industries.

In the APAC region, the global automation as a service market is predicted to have promising growth over the forecast period. The presence of small & medium enterprises that adopt cloud-based applications, increasing adoption of cloud technologies and automation among enterprises, government initiatives for development of smart cities in Taiwan, India, and China, increasing digitization in South Korea, Australia, India, and China, increasing urbanization, and growing need for consumer products that are forcing manufacturers in adopting cost effective and efficient automated manufacturing processes are adding to the global automation as a service market growth in the region.