Automation as a Service Market Competition, Key Vendors, Gross Margin by Forecast to 2023
- ehteshampeerzade
- Oct 27, 2020
- 3 min read
Market Highlights
According to Market Research Future Analysis, the global automation as a service market is estimated to generate revenue of approximately USD 6 Billion by 2023 growing at a CAGR of 29% during the forecast period 2017-2023.
Automation as a Service (SDP) can be referred to as the method of assimilating all functionality and domain tools into several automation layers to have combined interface for all workflows. It can also be referred to as the procedure of automating processes, events, business functions, and tasks. The worldwide market for automation as a service is ruled by a few technology giants such as Blue Prism Group Plc. (U.K), Automation Anywhere, Inc. (U.S.), Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), HCL Technologies Limited (India), and UiPath (U.S.). Blue Prism and Accenture, a leading provider of enterprise robotic process automation (RPA) software, are operating together to offer RPA solutions to assist organizations throughout verticals to automate a wide gamut of business processes for reduced costs along with enhanced compliance and surged productivity. It has been witnessed that more than 40 firms have already selected Blue Prism and Accenture to assist them in achieving this, including international retailer Raiffeisen Bank International and Circle K.
The factors propelling the expansion of the automation sector as a service market is the surged espousal of automation services throughout business processes and employment of cloud technology within businesses to accelerate business growth. However, factors such as maintaining data privacy and data security is restricting the market growth. The avenues recognized in this market include the increased adoption of automation service among the small and medium firms and the capability to create a positive impact within the market.
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Segmentation:
Market Research Future has studied the global automation as a service market thoroughly and has segmented the market on the basis of type, component, organization size, deployment, vertical, and application. Based on component, the market has been segmented into services & solutions. Service signifies the professional services and managed services. Professional service embraces the consulting services, support & training coupled with deployment & integration services. Based on deployment, the market has been classified into on-premise and cloud services. Based on organization size, the market has been segmented into large enterprises and small & medium enterprises. Based on application, the market comprises sales and marketing, information technology (it), finance, human resources (HR), and operations. Based on the end-user segment, the market has been segmented into telecommunications, IT, retail & wholesales, BFSI, transportation, healthcare and life science, logistics, entertainment, media, hospitality and others.
Regional Analysis
North America accounts for high share of the global Automation as a Service market in terms of value, owing to early adoption of automation as a service and rapid rate of technological advancements in the region. In Asia Pacific market, enterprises in countries such as India and China are mostly operating in cloud-based applications, which is further aiding the market growth in the region. The study indicates that, Europe and Japan also account for a significant value share in the global Automation as a Service market.
Key Players
The key players dominating the worldwide automation as a service market include Blue Prism Group Plc. (U.K), Automation Anywhere, Inc. (U.S.), Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), HCL Technologies Limited (India), UiPath (U.S.), Kofax Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Pegasystems Inc.(U.S.), NICE Ltd. (Israel), and others.
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