Automation-as-a-Service Market to Witness Soaring Growth at a CAGR of 19.6% During 2018-2022: Radiant Insights, Inc.

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Radiant Insights, Inc.

09 Aug, 2018, 11:20 GMT

SAN FRANCISCO, August 9, 2018 /PRNewswire/ --

Global Automation-as-a-service Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Automation is the automatic implementation of tasks without episodic interference to minimize and progressively do away with human interference. Automation-as-a-service supports in restructuring the workflow of business progressions by mechanizing monotonous tasks like auditing, asset management, compliances, and ticketing systems. It aids in accomplishing multi-dimensional perceptibility into businesses. Growing acceptance of cloud technology and high demand for automation are documented as major factors of Automation Service Market that are estimated to enhance the growth in the years to come. However, lack of skilled personnel and maintenance of data privacy and security are the factors that may restrain overall market growth in the coming years. Automation Service Market is segmented based on type, service, business function, deployment model, organization size, end users, and region.

Type such as Knowledge-based Automation and Rule-based Automation classify Automation Service. Knowledge-based automation sector accounted for the significant market share and is estimated to lead the overall market in the coming years. This may be because of its capability to deal with unstructured data with greater efficacy. Services such as professional services and managed services classify Automation Service. The professional services comprise support and training, consulting services, and deployment and integration. A business function such as human resources (HR), information technology (IT), finance, sales and marketing, operations, and others classify Automation Service. Deployment models such as hybrid cloud, public cloud, and private cloud classify Automation Service. Organization size includes Large Enterprises and Small and Medium-sized Enterprises (SMEs) classify Automation Service. End users such as Transportation and Logistics, Banking, Financial Services, and Insurance (BFSI), Media and Entertainment, Telecom and IT, Energy and Utilities, Retail and Consumer goods, Government and Defense, Healthcare and Life Sciences, Manufacturing, and others classify Automation Service.

Electric Vehicle AC Charging Station Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, North America accounted for the substantial market share of Automation Service and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of developed countries like Canada and the United States and developed research & development sector for innovation of enhanced technologies. Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers of Automation Service in this region. The key players of Automation Service Market are Pegasystems Inc., Automation Anywhere, Inc., NICE Ltd., Blue Prism Group plc, Kofax Inc., International Business Machines Corporation, Hewlett Packard Enterprise Development LP, Microsoft Corporation, HCL Technologies Limited, and UiPath. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Access 111 page research report with TOC on "Automation Service Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-automation-as-a-service-market-2018-2022

Global Automation-as-a-service Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors  

  • Blue Prism
  • HCL Technologies
  • Hewlett Packard Enterprise
  • IBM
  • Microsoft

The market is divided into the following segments based on geography:  

  • Americas
  • APAC
  • EMEA

Market driver  

  • Growing demand for the automation of business process
  • For a full, detailed list, view our report

Market challenge  

  • Challenges in maintaining data security and privacy
  • For a full, detailed list, view our report

Market trend  

  • Proliferation of IoT and intelligent devices in automation
  • For a full, detailed list, view our report

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