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The Global Automation-as-a-Service Market size is expected to reach $7.4 billion by 2023, rising at a market growth of 27% CAGR during the forecast period. Automation-as-a-service supports organizations in mechanizing business processes by capturing and interpreting data from existing applications. The technological adoption supports organizations in shifting from slow manual processes to reliable, fast automation seamlessly. The market for automation-as-a-service is driven due to growing demand for automation and rapid adoption of cloud technology in various industry verticals. The other factors that would propel the market growth are rapid adoption of the automation-as-a-service solutions by the Small and Medium-sized Enterprises (SMEs) and its capabilities to bring in positive Return on Investment (RoI).
Based on Component, the market report segments the Automation-as-a-Service Market Size into Solution and Services. Services include Professional and Managed Services. Based on Business Function, the market report segments the market into Operations & IT, Finance, Human Resource, and Sales & Marketing. Based on Organization Size, the market report segments the market into Small & Medium Enterprises and Large Enterprises. Based on Type, the market report segments the market into Knowledge-Based Automation and Rule-Based Automation. Based on Vertical, the market report segments the Automation-as-a-Service Market Size into BFSI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Transportation & Logistics, and Others. Based on Regions, the Automation-as-a-Service market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The Automation-as-a-Service Market Analysis report covers the competition analysis of key stake holders of the Automation-as-a-Service Market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Hewlett Packard Enterprise (HPE) Company, Pegasystems, Inc., Automation Anywhere, Inc., Blue Prism, UiPath, NICE Ltd., and Kofax.