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Press Release / Technology / Automation as a Service Market Expected Witness Rapid Expansion by the End of 2023

Automation as a Service Market Expected Witness Rapid Expansion by the End of 2023

By MarketRF39 on October 03 2018 | 16 Views

Automation as a Service Market: By Component (Solutions & Service), Service (Managed, Professional), Deployment (Cloud & On-Premise), Organization Size (Small & Medium, Large), Application (Informatio

Market Highlights:

The trend of Automation as a service market has been experiencing significant developments as end users continue to emphasize on the need for such as service to be integrated in their day to day lives. Market focused reports linked to the information & communication technology industry among others of late have been made accessible by Market Research Future which issues reports on this industry. The Automation as a Service Market is anticipated to develop at a CAGR of approximately 29 percent in the duration of the forecast period.

The need for functionality tools is seeing an uptick in current times owing to rapidly altering needs of the end users and their work environments. As the work inflow volumes have increased, the need to ensure productivity and maintain seamless connectivity and communication between diverse business units is the championing factor for the boost of demand observed in this market. The capacity to effortlessly and economically automate time-consuming and highly repetitive process is the main factor leading to intensive efforts in the research and development of the market. The market is expected to show unparalleled growth pace in the coming year, with rising contributions from industry players.

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Major Key Players

Automation Anywhere, Inc. (U.S.),

NICE Ltd. (Israel),

Blue Prism Group Plc. (U.K),

Microsoft Corporation (U.S.),

UiPath (U.S.),

International Business Machines Corporation (U.S.),

Hewlett Packard Enterprise Development LP (U.S.),

HCL Technologies Limited (India),

Kofax Inc. (U.S.), and Pegasystems Inc.(U.S.) and others.

Competitive Analysis

The ability to withstand their competitive edge is one of the key factors fuelling their efforts in this period. The tone for development in the market has been altered to a great extent with the entry of new players and the changes in the mode of functioning of the established players. The mounting interest in change within the business has ultimately permitted the businesses to apply many situations accessible in the market. The room for development in the market seems to be promising through the forecast period. The market has been led into a new period of growth as the market is normally in a state of mutability. Portfolio development is being significantly endorsed by market competitors to achieve high growth rates. The businesses in this market are attempting to improve and uphold financial fluidity that can be vital to invest in progress as and when applicable. Localization is among of the more favored trends for growing the market portion of the competitors in the market. The odds for growing revenue inflow in the business are likely to multiply through the forecast period. The ripple effects of the market’s growth have altered the competitive backdrop of the market.

Industry Segments

The global automation as a service market is segmented by component, type, deployment, organization size, application, and vertical. By component, the market consists of solutions & service. Service consists of managed services and professional services. Professional service consists of consulting services, deployment and integration and support and training. By deployment, the market is segmented into cloud and on-premise. By organization size, the market is segmented into small & medium enterprises and large enterprises. By application, the market consists of information technology (IT), sales and marketing, operations, finance and human resources (HR). And under the end-user segment, the market is segmented into BFSI, telecommunications and IT, retail & wholesales, healthcare & life science, transportation & logistics, media and entertainment, hospitality and others.

Regional Analysis

North America accounts for high share of the global Automation as a Service (SDP) 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.

The global automation as a service market is studied for Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America region accounts for the largest share in the global Automation as a Service market. Owing to technological advancement, well-established IT infrastructure, adoption of advanced technology across numerous industries. Asia Pacific is expected to be the fastest growing owing to the presence of small and medium enterprises that mostly adopt cloud-based applications. Further, the increase in adoption of automation and cloud technologies among enterprise, and government initiatives, for development of smart cities in the APAC countries, that includes China, India, and Taiwan is aiding the market growth.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/automation-as-a-service-market-5551

Intended Audience

Technology Investors
Research/Consultancy firms
Technology Solution Providers
Software Solution Providers
Solution vendors
Original Equipment Manufacturers (OEMs)
System integrators
Advisory firms
National regulatory authorities
About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Email: sales@marketresearchfuture.com



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