What is Automation-as-a-Service Market Scope?
A process of mechanizing a set of operations is referred to as automation. This is accomplished by capturing and understanding high-volume, repetitive processes. Automation as a service refers to an automation service that is supplied via the cloud. It handles a variety of tasks, including activating responses, interpreting data, and interacting with other digital systems. Previously, these operations necessitated a great deal of effort. Businesses had to contend with a variety of faults as a result, including manual errors, delayed functionalities, and labor boredom. Automation as a service is reshaping how repair work is done in the workplace and at home. It aids in the reduction of inconsistencies in the workplace. One key element projected to fuel the worldwide automation as a service market is the increasing adoption of cloud technology among business units. IT, finance, marketing and sales, operations, and human resources are just a few of the company functions where technology is already in use. The growing demand for automation in business processes opens up a lot of opportunities for automation in a variety of industries. Because of its capacity to efficiently do monotonous jobs, automation as a service sector has a great potential for future growth.
The Automation-as-a-Service market study is being classified by Type (Rule-based Automation and Knowledge-based Automation), by Application (Information Technology (IT), Sales and Marketing, Operations, Finance and Human Resources (HR)) and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Automation-as-a-Service market throughout the predicted period.
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Celaton Limited (Hong-Kong), Arago GmbH (Germany) and Amelia US LLC (United States).
Analyst at AMA have segmented the market study of Global Automation-as-a-Service market by Type, Application and Region.
On the basis of geography, the market of Automation-as-a-Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
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
Influencing Market Trend
- Increasing Adoption of the Cloud Technology
- Increasing Demand for Automation Across Business Processes
- Used in Several Applications
- Increasing Focus on Digitization are Favoring Demand for the Service.
- Higher Adoption Among the SMEs
- Technological Advancements
- Data Security and Privacy Issues
- Lack of Awareness
- Lack of Skilled Workforce
Key Target AudienceSoftware Providers, Technology Providers, IT Companies, Investors, End Users and Governmental Bodies
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Automation-as-a-Service market expands?
The Global Automation-as-a-Service market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Automation-as-a-Service market?
The prominent players of Global Automation-as-a-Service market are 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), to name a few.
3. What are the top priorities to focus for Automation-as-a-Service market’s growth?
In this highly competitive & fast evolving Automation-as-a-Service industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.