In a recent published report, Kenneth Research has updated the market report for Automation-as-a-Service Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automation-as-a-Service Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Automation-as-a-Service Market is estimated to reach $14.1 billion by 2025; growing at a CAGR of 27.4% from 2017 to 2025. The automation-as-a-service is the technique of integrating all territory & functionality equipment into abundant automation layers to combined interface for all workflows. With growing adoption of cloud technology as well as emerging demand for automation, the global automation-as-a-service market expected to grow at a high growth rate over the forecast timeframe. Automation-as-a-service empowers organizations to automate the business processes through capturing & interpreting data from existing applications. It supports organizations to move from slow manual processes to fast, reliable automation across the organization with minimum time.
Factors driving the growth of the global automation-as-a-service market are growth in demand for automation and rising adoption of the cloud technology. Moreover, with increasing demand for automation, it is being accepted by (SMEs) and large organizations among several sectors such as healthcare & life sciences, telecom and IT, media & entertainment, BFSI, and manufacturing, among others. However, absence of awareness regarding automation may hamper the market growth. Furthermore, growing implementation across various sectors & SMEs would unfold with numerous growth opportunities in the forecasted year.
Major segments of the global automation-as-a-service market are component, type, deployment model, business function, organization size, industry, and geography. The component segment comprises solution and services. Type contains knowledge-based automation and rule-based automation. Further, market is bifurcated by deployment model into private cloud, hybrid cloud and public cloud. Sales and marketing, operations, finance, human resources (HR) and information technology (IT) are the subsegments of business function. Organization size comprises large enterprises and small and medium-sized enterprises (SMEs). Furthermore, the market is divided on the basis of industry into government and defense, retail and consumer goods, banking, financial services, and insurance (BFSI), energy and utilities, manufacturing, media and entertainment, transportation and logistics, telecom and IT, healthcare and life sciences, and other industries.
Geographically, the global automation-as-a-service market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S. and Rest of North America whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The major players competing in the market are Hewlett Packard Enterprise, Kofax Inc., Blue Prism, Pegasystems Inc., Automation Anywhere, Inc., International Business Machines Corporation, Microsoft Corporation, HCL Technologies Limited, NICE Ltd., and Uipath, among others.
The key takeaways from the report
The report will provide detailed analysis of Global Automation-as-a-Service Market with respect to major segments such as component, type, deployment model, business function, organization size, by industry, and geography.
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Automation-as-a-Service Market has been included in the report
Profile of the key players in the Global Automation-as-a-Service Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Automation-as-a-Service Market
Component Segments
Solution
Services
Professional Services
Managed Services
Type Segments
Knowledge-Based Automation
Rule-Based Automation
Deployment Model Segments
Private Cloud
Hybrid Cloud
Public Cloud
Business Function Segments
Sales and Marketing
Operations
Finance
Human Resources (HR)
Information Technology (IT)
By Organization Size Segments
Large Enterprises
Small and Medium-Sized Enterprises (SMEs)
Industry Segments
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Retail and Consumer Goods
Government and Defense
Banking, Financial Services, And Insurance (BFSI)
Manufacturing
Energy and Utilities
Media and Entertainment
Transportation and Logistics
Healthcare and Life Sciences
Telecom and IT
Other Industries
Geographical Segments
North America
U.S.
Rest of North America
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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