According to a new report, published by KBV research, The Global Automation-as-a-Service Market size is expected to reach $44 billion by 2031, rising at a market growth of 24.9% CAGR during the forecast period.
The Services segment is registering a CAGR of 26.7% during (2024 - 2031). Services providers assist organizations with implementing, configuring, and deploying AaaS solutions. This encompasses various responsibilities, including user training, data migration, solution design, and system integration, all essential for a seamless and successful transition to automated processes.
The Rule-based segment is leading the Global Automation-as-a-Service Market by Type in 2023, thereby, achieving a market value of $27.3 billion by 2031. Rule-based automation enables AaaS solutions to create flexible and customizable workflows based on predefined rules and conditions. This allows businesses to tailor automation processes to their requirements, adapt workflows to changing business needs, and accommodate complex business rules and exceptions without extensive coding or customization.
The Small & Medium Enterprises segment is anticipating a CAGR of 26% during (2024 - 2031). AaaS solutions are designed to be user-friendly and easy to implement, allowing SMEs to quickly deploy and start realizing the benefits of automation. These platforms typically offer pre-built templates, workflows, and integrations that streamline the implementation process, reducing the need for extensive customization or technical expertise.
The Information Technology segment is leading the Global Automation-as-a-Service Market by Business Function in 2023; thereby, achieving a market value of $15.5 billion by 2031. IT companies offer customization and tailoring services to adapt AaaS solutions to different industries and organizations' unique requirements and workflows. Customization capabilities allow businesses to configure AaaS platforms according to their specific automation needs, workflows, and business processes, maximizing efficiency and effectiveness.
The Government market is showcasing a CAGR of 27.4% during (2024 - 2031). AaaS platforms enable governments to enhance citizen engagement and participation by providing online self-service portals, mobile applications, and virtual assistants that enable citizens to access information, submit requests, and interact with government agencies more conveniently and securely.
Full Report: https://www.kbvresearch.com/automation-as-a-service-market/
The North America region dominated the Global Automation-as-a-Service Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $15.2 billion by 2031. The Europe region is experiencing a CAGR of 24.5% during (2024 - 2031). Additionally, The Asia Pacific market would exhibit a CAGR of 25.8% during (2024 - 2031).
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