Published Date: 31-Oct-2022
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According to a new report, published by KBV research, The Global Automation COE Market size is expected to reach $2.1 billion by 2028, rising at a market growth of 37.2% CAGR during the forecast period.
The SMEs market is experiencing a CAGR of 41.1% during (2022 - 2028). The adoption of robotic process automation (RPA) and workflow automation through the use of no-code bots became even more necessary after a switch to remote workplaces during an economic downturn. Small and medium-sized businesses were able to reduce the number of recurring, manual, and rule-based processes owing to bot automation's rapid delivery of ROI.
The Technology Assessment & Consulting market acquired the maximum revenue share in the Global Automation COE Market by Services in 2021; thereby, achieving a market value of $937.5 million by 2028. The automation technology & assessment services bring changes that transform the role of technology from basic RPA to completely integrated intelligent automation systems, which consist of many, modular components for process efficiency, visualization, and automation..
The BFSI market is showing high market share in the Global Automation COE Market by Vertical in 2021; thereby, achieving a market value of $608.2 million by 2028. Intelligent automation is increasingly being utilized across a wide range of businesses and has a substantial impact on the BFSI sector. Since the BFSI industry is so important to the overall economy, there is ongoing pressure on the institutions that fall under this sector to boost their commercial performance while simultaneously reducing their operational expenses.
The North America market dominated the Global Automation COE Market by Region in 2021; thereby, achieving a market value of $842.0 million by 2028. The Europe market is anticipated a CAGR of 36.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 38% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/automation-coe-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SS&C Technologies Holdings, Inc., UiPath, Inc., Automation Anywhere, Inc., Nice Ltd., HelpSystems, LLC, Nintex, Inc., Verint Systems, Inc., Cigniti Technologies Limited, Digital Workforce Services Plc and Fastpath Solutions, LLC.
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