Global Automation-As-A-Service Market – Industry Trends and Forecast to 2029

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Market Analysis and Size

Automation as a Service (AaaS) does not only assist with the automation execution, but the whole package includes consulting, employee education, and research, among others. AaaS can be deployed on both opn-premises and cloud that makes it ideal for applications in industries, susch as information technology (IT), banking, financial services and insurance (BFSI), manufacturing, and healthcare, among others.

Global Automation-As-A-Service Market was valued at USD 3.34 billion in 2021 and is expected to reach USD 25.01 billion by 2029, registering a CAGR of 28.60% during the forecast period of 2022-2029. BFSI account for the largest industry segment in the respective market owing to high rate of automation adoption across business process applications. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Automation as a service refers to a suite of services such as installation, support, consulting, and maintenance that are associated with industry or business automation. The term widely includes the implementation of disruptive technologies along with adoption of robotic or autonomous systems that can operate without or minimum human interference.

Report Scope and Market Segmentation

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Automation-As-A-Service Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Demand for the Services to Automate Business Processes

The increase in demand for AaaS across numerous businesses to rapidly automate business processes, along with enhancing productivity and efficiency acts as one of the major factors driving the automation-as-a-service market. These services generally include development, deployment and testing of automated solutions.

• High Penetration of Internet of Things

The increase in the penetration of Internet of Things (IoT) integrating and converting industrial verticals accelerate the market growth. The adoption of various technologies and components to connect to the internet such as, actuators, gateways and sensors, among others drives the market. IoT is bringing the future of automation engineering and manufacturing as it requires lesser staff and reduces the error rate.

• Incorporation of Various Automated Solutions

The rise in combined incorporation of Business Process Automation (BPA) and Robotic Process Automation (RPA) to enhance how business processes are solved, managed, and delivered further influence the market. These services are helpful in automating several business function including sales and marketing, IT, operations, Human Resources (HR) and finance.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the automation-as-a-service market.

Opportunities

Furthermore, surge in adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Increase in need for automating existing and new business operations will further expand the market.

Restraints/Challenges

On the other hand, data security as well as privacy issues along with complex data integration are expected to obstruct market growth. Also, unavailability of skilled personnel along with lack of awareness among the enterprises regarding the benefits of services are projected to challenge the automation-as-a-service market in the forecast period of 2022-2029.

This automation-as-a-service market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 automation-as-a-service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Automation-As-A-Service Market

The COVID-19 pandemic had a positive impact on the automation-as-a-service market. It helped millions of people globally in leveraging advanced tools for various applications, especially healthcare. Automation-as-a-service market was highly useful for numerous medical applications such as decoding genomic sequence for drug development, enhancement of CT scans, remote patient monitoring, and healthcare automated solutions, among others. The automation-as-a-service market is expected to witness high growth Post-COVID-19 due to the adoption of smart manufacturing processes using AI, and IoT technologies.

Recent Developments

• Kryon, a full-cycle automation solution provider, announced regarding Full-Cycle Automation as-a-Service (FCAaaS) in partnership with Virtual, intelligent automation group in May’2020. These services combine Robotic Process Automation (RPA), analytics and Process Discovery in a single, unified, and easy-to-use platform that works efficiently with AI's bespoke virtual workforce solutions of Virtual.

Global Automation-As-A-Service Market Scope and Market Size

The automation-as-a-service market is segmented on the basis of offering, type, enterprise size, deployment type, business process, and industry. 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.

Offering

• Solution
• Service
• Professional Services
• Deployment and Integration
  • Support and Training
  • Consulting Services
• Managed Services

Type

• Rule-Based
• Knowledge-Based

Deployment Type

• Cloud
• On-Premises
• Hybrid

Business Process

• IT
• Sales and Marketing
• Operations
• Customer Service
• Supply Chain
• Finance and Accounting
• Human Resource.

Enterprise Size

• Large Enterprise
• Small and Medium Enterprises

Industry

• BFSI
• Telecom and IT
• Manufacturing
• Energy and Utilities
• Retail and Consumer Goods
• Government and Defence
• Healthcare
• Transportation and Logistics
• Media and Entertainment
• Hospitality
• Travel and Tourism

Automation-As-A-Service Market Regional Analysis/Insights

The automation-as-a-service market is analysed and market size insights and trends are provided by country, offering, type, enterprise size, deployment type, business process, and industry as referred above.

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

North America dominates the automation-as-a-service market due to the prevalence of various market players along with well-established IT infrastructure within the region.

Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the number of adoption of cloud services in the region. 

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream 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 their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automation-As-A-Service Market

The automation-as-a-service 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, global presence, production sites and facilities, production capacities, 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-as-a-service market.

Some of the major players operating in automation-as-a-service market are

• Automation Anywhere, Inc. (US)
• Blue Prism Limited. (UK)
• IBM (US)
• Microsoft (US)
• UiPath (US)
• HCL Technologies Limited (India)
• Hewlett Packard Enterprise Development LP (US)
• KOFAX INC. (US)
• NICE Ltd. (Israel)
• Pegasystems Inc. (US)
• Accenture. (Ireland)
• WorkFusion, Inc. (US)
• Kryon Systems (US)
• Micro Focus (UK)
• Hexaware Technologies Limited. (India)
• Siemens (Germany)
• Robonomics AI (Australia)
• AVEVA Group plc (UK)
• Makino India Pvt Ltd. (India)
• Cognizant (US)
• Capgemini. (France)

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