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Automation-as-a-Service Market by Component, Type, Business Function, Deployment Model, Organization Size, Industry And Region - Global Forecast to 2022

Automation-as-a-Service Market: Global Forecast until 2022

  • January 2018
  • 152 pages
  • ID: 5281357
In this report:
The SMEs segment is expected to show a higher adoption of the automation-as-a-service solution and is expected to grow rapidly from USD ##.## million in 2017 to USD ##,##.## million by 2022, at a higher CAGR of ##.##%.
The SMEs segment is expected to show a higher adoption of the automation-as-a-service solution and projected to grow rapidly from USD ##.## million in 2017 to USD ##,##.## million by 2022, at a higher CAGR of ##.##% during the forecast period.

Summary

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The growing need for automation is driving the rise of the automation-as-a-service market

MarketsandMarkets estimates the overall automation-as-a-service market to grow from ~$1.8B in 2017 to ~$6.2B by 2022, at a CAGR of 28.10 percent. The automation-as-a-service market is increasing quickly because of rising need to mechanize the repetitive and mundane business processes, and due to the massive surge in the automation trend across sectors. Factor including lack of awareness about automation-as-a-service is anticipated to limit the market increase

The finance business function is forecasted to have the biggest sector size in 2022

Institutions are evolving their techniques and solutions to benefit more visibility in the new complexity. With the right solution, one can automate the business processes with more efficiency. Automation-as-a-service allows mechanizing business processes for fast task resolution, without having to waste time on repetitive tasks. It allows institutions to maintain all the transaction records and also provides the required security and privacy of the data which is otherwise a main concern for institutions. Accordingly, the finance business function is projected to have the largest part of market share in 2022

Banking, Financial Services, and Insurance is projected to have the biggest industry size in 2017

The automation-as-a-service market is also divided by several markets, out of which, the adoption of automation-as-a-service is anticipated to be the biggest in the BFSI vertical. As the volume and variety of data is growing day-by-day, the industry demand for automation to maintain and manage these records of the financial transactions in banks and other financial institutes is also rising.

Asia Pacific (APAC) is expected to grow at the highest compound annual growth rate (CAGR), and North America (NA) is forecasted to hold the biggest market share

Asia-Pac is anticipated to be the more important increasing area in the automation-as-a-service market as a result of the growing adoption of automation and cloud technologies, and government actions, including smart cities in the APAC countries, including China and India (IN). North America continent, succeeded by Europe (EU), is anticipated to continue being the biggest revenue-generating area for the automation-as-a-service vendors, for the upcoming 5 years. This is primarily due to the presence of different developed economies, including Canada and US, and because of the high focus on modernizations in Research and development and technology across markets.

Comprehensive interviews were managed with the Chief Executive Officers, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the automation-as-a-service marketplace.

- By Company - Tier 1 - 22.0 percent, Tier 2 - 30.0 percent, and 1/3 3 - 48.0 percent

- By Designation - C-Level - 30.0 percent, Director Level - 45.0 percent, and Others - 25.0 percent

- By area - North america (NA) - 48.0 percent, Europe - 30.0 percent, and APAC - 22.0 percent

Segment Research

The automation-as-a-service market revenue is primarily classified into incomes from solution and services. Solution's revenue is combined with stand-alone solution offerings while services' revenue is combined with managed services and professional services. The professional services include deployment and integration, support and training, and consulting services. The sector is also broken down on the basis of business functions, types, organization sizes, deployment models, sectors, and territories.

Reasons to Buy the Report

• To get a comprehensive overview of the overall automation-as-a-service market

• To benefit a wide range information about the top actors in this market sphere, their products review, and the best strategies approved by them

• To benefit insights of the main countries/localities, in which the automation-as-a-service market is flourishing in different industries

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