According to the study, Increasing Adoption of the Cloud Technology is one of the primary growth factors for the market. Increasing Demand for Automation Across Business Processes
is also expected to contribute significantly to the Automation-as-a-Service market. Overall, Information Technology (IT)
applications of Automation-as-a-Service, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Automation Anywhere, Inc. (United States), Arista Networks (United States), HashiCorp(United States), Kryon Systems Ltd(United States), Blue Prism Group plc (United Kingdom), IBM (United States), Microsoft Corporation (United States), UiPath (United States), HCL Technologies Limited (India) and Hewlett Packard Enterprise Development LP (United States) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Automation-as-a-Service market identified that the demand is rising in many different parts of the world as "Higher Adoption Among the SMEs
". Furthermore, some recent industry insights like "August 2020 – Arista Networks announced a new enterprise-grade Software-as-a-Service (SaaS) offering for the flagship CloudVision platform. Arista’s new CloudVision as-a-Service product is now available as a fully managed software service that automates multi-domain networks spanning across the client to cloud to help customers achieve faster time-to-value, elastic scaling, and continuous network assurance., June 2020 – HashiCorp, the leader in multi-cloud infrastructure automation software, at HashiConf Digital has announced its new flagship cloud offering HashiCorp Cloud Platform (HCP), a fully managed platform offering the HashiCorp products as a service to automate infrastructure on any cloud. and September 2020 – Kryon, the leading full-cycle automation provider known for its fully integrated robotic process automation (RPA) and process discovery solution, today launched the industry's first cloud-based Full Cycle Automation-as-a-Service (FCAaaS) platform" is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Awareness and Lack of Skilled Workforce"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Automation-as-a-Service market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Automation-as-a-Service market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Automation-as-a-Service market tight? Which application/end-user category or Product Type [Rule-based Automation and Knowledge-based Automation] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automation-as-a-Service market and other related sub-markets covered in the study.
o Key & emerging players in the Automation-as-a-Service market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Automation-as-a-Service market size is calculated using market estimation process, the Automation-as-a-Service market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automation-as-a-Service market size has been validated using both top-down and bottom-up approaches.