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Automation-as-a-Service (AaaS) Market Size, Opportunities, Key Growth Factors, Revenue Analysis, For 2020–2026

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Automation-as-a-Service (AaaS) Market Size, Opportunities, Key Growth Factors, Revenue Analysis, For 2020–2026

The Global Automation-as-a-Service (AaaS) Market is forecast to reach USD 15.47 Billion by 2026, according to a new report by Reports and Data. Automation-as-a-Service (AaaS) is the adaptive automated services offered by the technology companies, to various industry verticals in order to automate their process workflow and increase their productivity by a substantial margin. The global automation-as-a-service (AaaS) market is growing predominantly as all the industries are slowly moving towards adapting the minimal amount of human efforts. Artificial intelligence and cognitive automation is the advanced mode of automation already started implementing in the technological conglomerates. More than 88% of the large enterprises have integrated automation in their process inventory, and about 62% of the SMEs will have executed automation systems for their internal operations by the end of the forecast period.

APAC is forecasted to achieve the fastest growth of about 34.9% in the period 2019 – 2026, due to an increase in the adoption of the automation-as-a-service (AaaS) in both the SMEs and large enterprises across all the industry verticals in the countries like China, Singapore, and India. North America holds the highest market share of about 37.6% in 2018 because of the prodigious rate of implementation of the automation services, especially in the conglomerates.

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Further key findings from the report suggest

  • IT & telecommunication sub-segment had a market share of 16.1% in 2018 and is expected to grow at a CAGR of 31.0% during the forecast period. Automation services through robotic process automation (RPA) or advanced automation with artificial intelligence (AI) & cognitive automation provides telecommunication companies with operational efficiency by streamlining the overall operations and other front-end business processes. Automation Anywhere provides automation for the IT & Telecommunication industries with RPA platform and advanced IQ Bot with AI & cognitive automation, which understands the specific automation requirements in process.
  • Cloud sub-segment is expected to reach 38.5% of market share by 2026, having grown with a CAGR of 32.1% throughout the forecast period. Cloud automation refers to the cloud-based tools, an organization uses to reduce manual efforts associated with provisioning and managing workloads. Automation Edge offers RPA as a service on cloud with a lower infrastructure cost, less maintenance, and upgrade costs.
  • Automation in human resourcing provides enhanced efficiency of the HR department by freeing the employees from the extensive manual tasks and allows them to focus on highly complex tasks in decision making and to strategize. The segment had a market revenue of USD 0.29 Billion in 2018. The CAGR is calculated to be 30.2% during the forecast period.
  • Europe would reach a market share of 26.7% by 2026, having grown at a CAGR of 27.7% in the forecast period. United Kingdom and Ireland have some of the most valuable players in this region.
  • Key participants include Microsoft Corporation, Automation Anywhere, HCL Technologies, Kofax Inc., Accenture plc, Pegasystems, IBM Corporation, Hewlett Packard Enterprise, Blue Prism, and Uipath.

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Global Automation-as-a-Service (AaaS) Market Key Segments:

Deployment Type Outlook (Revenue: USD Billion; 2016-2026)

  • On-Premise
  • Cloud

Business Application Outlook (Revenue: USD Billion; 2016-2026)

  • Human Resourcing
  • Sales & Marketing
  • Finance Management
  • IT & Logistics
  • Operation Management

Component Outlook (Revenue: USD Billion; 2016-2026)

  • Robotic Process Automation (RPA)
  • Artificial Intelligence (AI) & Cognitive Automation

Organization Size Outlook (Revenue: USD Billion; 2016-2026)

  • Large Enterprises
  • SMEs

End-Use Industries Outlook (Revenue: USD Billion; 2016-2026)

  • BFSI
  • IT & Telecommunication
  • Retail & E-commerce
  • Government & Public Sectors
  • Transportation & Logistics
  • Media & Entertainment
  • Manufacturing Industries
  • Others

On the basis of Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Research Snapshot:

  • Historic Period: 2014 - 2018
  • Base Year: 2020
  • Forecast Period: 2021-2028

The study objectives of global market research report:

  • To analyze the global Automation-as-a-Service (AaaS) market on the basis of several business verticals such as drivers, restraints, and opportunities
  • It offers detailed elaboration on the global competitive landscape
  • To get an informative data of various leading key industries functioning across the global regions
  • It offers qualitative and quantitative analysis of the global Automation-as-a-Service (AaaS) market
  • It offers all-inclusive information of global market along with its features, applications, challenges, threats, and opportunities

The major key questions addressed through this innovative research report:

  1. What are the major challenges in front of the global Automation-as-a-Service (AaaS) market?
  2. Who are the key vendors of the global Automation-as-a-Service (AaaS) market?
  3. What are the leading key industries of the global Automation-as-a-Service (AaaS) market?
  4. Which factors are responsible for driving the global Automation-as-a-Service (AaaS) market?
  5. What are the key outcomes of SWOT and Porter’s five analysis?
  6. What are the major key strategies for enhancing global opportunities?
  7. What are the different effective sales patterns?
  8. What will be the global market size in the forecast period?

To know more about the report @ https://www.reportsanddata.com/report-detail/automation-as-a-service-aaas-market

Thank you for reading the report. The report can be customized as per requirements of the clients. For further information or query about customization, please reach out to us and we will offer you the report best suited for your needs.

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