Automation-as-a-Service (AaaS)Market Size, Revenue Analysis, Opportunities, Trends, Product Launch, 2020–2026

The Global Automation-as-a-Service (AaaS) Market research report added by Reports and Data offers an industry-wide analysis of the Automation-as-a-Service (AaaS) market and offers a comprehensive industry outlook to impart clear understanding of the market size, market revenue growth, and scope of the market during the forecast period of 2021-2026. The report also discusses in details various market segments, environment, regulatory framework, and product and technological innovations and developments. The report also covers market size, volume, demands, current and emerging trends, market share, CAGR, and production and consumption rates and offers impact analysis of key trends on the market growth.

APAC is forecasted to achieve the fastest growth of about 34.9% in the period 2019 – 2026, due to an increase in the adoption of the automation-as-a-service (AaaS) in both the SMEs and large enterprises across all the industry verticals in the countries like China, Singapore, and India. North America holds the highest market share of about 37.6% in 2018 because of the prodigious rate of implementation of the automation services, especially in the conglomerates.

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For the purpose of this report, Reports and Data have segmented the global automation-as-a-service (AaaS) market on the basis of the deployment type, business application, component, organization size, end-use industries, and region:

Deployment Type Outlook (Revenue: USD Billion; 2016-2026)

On-Premise

Cloud

Business Application Outlook (Revenue: USD Billion; 2016-2026)

Human Resourcing

Sales & Marketing

Finance Management

IT & Logistics

Operation Management

Component Outlook (Revenue: USD Billion; 2016-2026)

Robotic Process Automation (RPA)

Artificial Intelligence (AI) & Cognitive Automation

Organization Size Outlook (Revenue: USD Billion; 2016-2026)

Large Enterprises

SMEs

End-Use Industries Outlook (Revenue: USD Billion; 2016-2026)

BFSI

IT & Telecommunication

Retail & E-commerce

Government & Public Sectors

Transportation & Logistics

Media & Entertainment

Manufacturing Industries

Others

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Further key findings from the report suggest:

IT & telecommunication sub-segment had a market share of 16.1% in 2018 and is expected to grow at a CAGR of 31.0% during the forecast period. Automation services through robotic process automation (RPA) or advanced automation with artificial intelligence (AI) & cognitive automation provides telecommunication companies with operational efficiency by streamlining the overall operations and other front-end business processes. Automation Anywhere provides automation for the IT & Telecommunication industries with RPA platform and advanced IQ Bot with AI & cognitive automation, which understands the specific automation requirements in process.

Cloud sub-segment is expected to reach 38.5% of market share by 2026, having grown with a CAGR of 32.1% throughout the forecast period. Cloud automation refers to the cloud-based tools, an organization uses to reduce manual efforts associated with provisioning and managing workloads. AutomationEdge offers RPA as a service on cloud with a lower infrastructure cost, less maintenance, and upgrade costs.

Automation in human resourcing provides enhanced efficiency of the HR department by freeing the employees from the extensive manual tasks and allows them to focus on highly complex tasks in decision making and to strategize. The segment had a market revenue of USD 0.29 Billion in 2018. The CAGR is calculated to be 30.2% during the forecast period.

Europe would reach a market share of 26.7% by 2026, having grown at a CAGR of 27.7% in the forecast period. United Kingdom and Ireland have some of the most valuable players in this region.

Key participants include Microsoft Corporation, Automation Anywhere, HCL Technologies, Kofax Inc., Accenture plc, Pegasystems, IBM Corporation, Hewlett Packard Enterprise, Blue Prism, and Uipath.

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