Global Automation COE Market – Industry Trends and Forecast to 2031

Global Automation COE Market, By Services (Technology Assessment and Consulting, Design and  Testing, Governance, Implementation Support), By Organization Size (Large Enterprises, SMEs), By Verticals (BFSI, IT and  ITES, Retail and  Consumer Goods, Healthcare and  Life Sciences, Manufacturing, Transportation and  Logistics, Others) - Industry Trends and Forecast to 2031.

Automation COE Market Analysis and Size

The Automation Center of Excellence (COE) market is experiencing significant growth, driven by the increasing adoption of automation technologies across industries to improve operational efficiency and reduce costs. Organizations are establishing Automation COEs to streamline their automation initiatives, leverage best practices, and drive innovation in automation technologies such as robotic process automation (RPA), artificial intelligence (AI), and machine learning (ML). Overall, the global Automation COE market is poised for substantial growth as organizations increasingly recognize the strategic importance of automation in driving business success.

Data Bridge Market Research analyzes that the global automation COE market which was USD 548.80 million in 2023, is likely to reach USD 5022.19 million by 2031, and is expected to undergo a CAGR of 31.88% during the forecast period. The governance services dominate the services segment of the market due to rising technologies, and rising government regulations so that the customer receives a better experience. In addition, to entailing end-to-end business process automation COE incorporates various technologies that help businesses to make accurate decisions and continual learning.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

An Automation Center of Excellence (COE) is a centralized unit within an organization that is responsible for driving and overseeing automation initiatives. The COE typically consists of a team of experts who specialize in automation technologies such as robotic process automation (RPA), artificial intelligence (AI), machine learning (ML), and other automation tools.

Global automation COE market Dynamics

Drivers

• Increasing Adoption of Digital Transformation

Organizations worldwide are increasingly adopting digital transformation strategies to enhance operational efficiency, improve customer experiences, and stay competitive. Automation COEs play a crucial role in driving these initiatives by leveraging automation technologies to streamline processes, reduce manual effort, and drive innovation.

• Growing Demand for Robotic Process Automation (RPA)

The demand for RPA solutions is rapidly increasing as organizations seek to automate repetitive tasks and streamline business processes. Automation COEs are at the forefront of implementing RPA solutions, driving the market growth. RPA adoption is particularly high in industries such as finance, healthcare, and manufacturing, further fueling the growth of the market.

Opportunities

• Expansion of Automation Capabilities Across Industries

The Automation COE market has the opportunity to expand its reach across various industries beyond its current strongholds in finance, healthcare, and manufacturing. Industries such as retail, transportation, and energy are increasingly recognizing the benefits of automation and are potential growth areas for Automation COEs to capitalize on.

• Integration of Advanced Technologies

Automation COEs have the opportunity to integrate advanced technologies such as artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) into their automation strategies. By leveraging these technologies, Automation COEs can further enhance process efficiency, decision-making capabilities, and customer experiences, driving additional value for organizations.

Restraints/Challenges

• Resistance to Change and Cultural Barriers

One of the significant challenges facing the Global Automation COE market is resistance to change within organizations. Implementing automation often requires significant changes to existing processes and workflows, which can be met with resistance from employees who fear job loss or are unfamiliar with new technologies.

• Lack of Skilled Talent

Another challenge for the Global Automation COE market is the shortage of skilled professionals with expertise in automation technologies such as RPA, AI, and ML. The rapid evolution of these technologies requires continuous upskilling and reskilling of employees, which can be challenging for organizations. Additionally, competition for skilled automation professionals is fierce, making it difficult for Automation COEs to attract and retain top talent.

The automation COE Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In August 2022, Fournet and the digital workforce partnered to offer strategic consulting services to deliver best-in-class robotic process automation for customers
• In May 2022, UiPath launched an automation cloud robot that is helpful in security and also deepens automation for enterprises to provide fast and accurate results

Global Automation COE Market Scope

The automation COE market is segmented on the basis of by services, by organization size, and  by verticals. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Services

• Technology Assessment and  Consulting
• Design and Testing
• Governance
• Implementation Support

Organization Size

• Large Enterprises
• SMEs

Verticals

• BFSI
• IT and  ITES
• Retail and  Consumer Goods
• Healthcare and Life Sciences
• Manufacturing
• Transportation and  Logistics
• Others

Global Automation COE Market Region Analysis/Insights

The automation COE market is analyzed and market size insights and trends are provided by services, by organization size, and  by verticals as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of Middle East and Africa.

North America is expected to dominate the market growth during the forecast period due to rising investment to develop the IT infrastructure and the presence of key players seeking to adopt novel technologies to improve their work efficiency. In addition, large businesses are increasingly integrating automation technology more frequently for their business process, which includes finance, sales, marketing, and many more, which is expected to drive market growth.

The Asia-Pacific is expected to be highest growing region in the market due to to several factors, including the rapid adoption of automation technologies in countries such as China, India, Japan, and South Korea. The increasing demand for automation solutions in industries such as manufacturing, healthcare, and retail is also driving the growth of the market in the region.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Increased Efficiency and Productivity

The automation COE market also provides you with a detailed market analysis for every region’s growth in infrastructure development for capital equipment, installed base of different kinds of products for the automation COE market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the automation COE market. The data is available for the historic period 2011-2021.

Competitive Landscape and Automation COE Market Share Analysis

The automation COE market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automation COE market.

Some of the major players operating in automation COE market are:

• Accelirate (U.S.)
• AnyRobot, Inc. (U.S.)
• Automation Anywhere, Inc. (U.S.)
• Bigiota (Brazil)
• Blue Prism Limited by SS&C Technologies (U.K.)
• Blueprint (Canada)
• Chazey Partners (U.S.)
• CIGNEX by Relevance Lab (U.S.)
• Cigniti Technologies Limited (India)
• Digital Workforce (Finland)
• ElectroNeek Robotics Inc. (U.S.)
• Fast Path Automation by AROBS (Romania)
• Fortra, LLC (U.S.)
• Innominds (U.S.)
• Microsoft Corporation (U.S.)
• NICE (Israel)
• Nintex UK Ltd. (U.K.)
• Persistent Systems (India
• Roboyo Group Limited (U.K.)
• Smartbridge LLC (U.S.)
• Soais (U.S.)
• TestingXperts (U.S.)
• UiPath (U.S.)
• Verint (U.S.)
• Workato, Inc. (U.S.)
• XenonStack Pvt. Ltd. (India)