Automation As A Service Market Size, Share, Opportunities, And Trends By Component (Services, Solution), By Platform (On-Premise, Cloud-Based), By Organization Size (Small And Medium-Sized Enterprise, Large Enterprise), By End-User (Retail And Consumer Goods, Manufacturing, Healthcare And Pharmaceutical, BFSI, Telecom And IT, Others), And By Geography - Forecasts From 2023 To 2028

Automation As A Service Market will witness robust growth over the forecast period. Automation as a service is a package of education, consulting, research, and execution to disrupt the tech and professional services by demonstrating robotics process automation, under a fixed price per model. The increasing adoption of smart and reliable automation processes by organizations in order to improve efficiency and reduce costs is one of the major factors resulting in the growth of the market. Furthermore, the rise in the adoption of cloud technology along with the increased adoption of AI and machine learning is projected to boost the market growth in the coming years.

The increasing adoption of automation in SMEs and the ability to generate a high rate of return are creating new opportunities for the market to grow in five years. However, the maintenance of data security and concerns regarding privacy are estimated to hamper market growth during the forecast period. The market is segmented into components, platforms, organization size, end-user, and geography. Based on organization size, the small and medium-sized enterprise is expected to hold a significant share of the market owing to their wide adoption for gaining a rate of return and efficiency in the process. Geographically, North America is projected to be a substantial shareholder in the market during the forecasted period due to its early and rapid adoption of automation along with the availability of modern information technology infrastructure that supports automation in countries like the U.S.A and Canada.

DRIVERS

Growth in demand for automation in business processes.

The rise in the adoption of cloud-based technology.

RESTRAINTS

Difficulty in the maintenance of data security and privacy.

INDUSTRY UPDATE

In June 2019, Automation Anywhere collaborated with Microsoft to advance their intelligent automation.

In July 2019, Blue Prism collaborated with Microsoft to deliver its free cloud trial on Azure.

The major players profiled in the automation as a service market are Microsoft, Blue Prism, HCL Technologies, IBM, Automation Anywhere, Uipath, Hewlett Packard Enterprise, Nice Ltd., Kofax, and Pegasystems.

Segmentation

Automation as a service market has been analyzed through the following segments:

• By Component

• Services
• Solution

• By Platform

• On-Premise
• Cloud-Based

• By Organization Size

• Small and Medium-Sized Enterprise
• Large Enterprise

• By End-User

• Retail and Consumer Goods
• Manufacturing
• Healthcare and Pharmaceutical
• BFSI
• Telecom and IT
• Others

• By Geography

• North America

• USA
• Canada
• Mexico

• South America

• Brazil
• Argentina
• Others

• Europe

• Germany
• France
• United Kingdom
• Spain
• Others

• Middle East and Africa

• Saudi Arabia
• Israel
• Others

• Asia Pacific

• China
• Japan
• South Korea
• India
• Others