Jun 25, 2019   SOURCE: PR NewsWire

Global Automation as a Service (AaaS) Market to Witness a CAGR of 22.15% During 2019-2024

DUBLIN, June 25, 2019 /PRNewswire/ -- The "Global Automation as a Service (AaaS) Market 2019-2024" report has been added to ResearchAndMarkets.com's offering.

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The automation-as-a-service market is expected to register a CAGR of 22.15% during the forecast period 2019-2024.

To be able to succeed in this highly competitive market landscape, most of the enterprises are focusing primarily on increasing agility, reducing operational complexity, and improving innovation speed, while keeping the costs to a lower level. Automation-as-a-service solutions.

Key Highlights

    --  The market for Automation-as-a-Service is witnessing significant growth,
        owing to the increased adoption of artificial intelligence and machine
        learning, rapid deployment of IoT and connected infrastructure, and
        proliferation of digital automated devices.
    --  Automation-as-a-Service solutions basically aid businesses or
        enterprises to transform their service delivery and operational process
        to achieve higher accuracy, cost savings, and high productivity.
    --  AaaS solutions can quickly, effectively, and inexpensively automate
        time-consuming, highly repetitive, and accident-prone internal IT and
        business processes, and can help business pass resources to other
        business functions and segments.
    --  AaaS is not a service that is entirely new or disruptive. It is just an
        extension of the forward-thinking of business strategists, who seek and
        invest to make processes easier and efficient and to make way for the
        adoption of new technology faster and maintain a competitive edge in the
        market.

Key Market Trends

Retail and Consumer Goods Segment to Witness High Growth

    --  In today's economic environment, with many enterprises going global and
        acquiring customers across the globe, firms are demanding higher
        productivity, better cost control, improved process control, and
        improved risk management, to cope up with the frequent market changes
        and the increasing competitive pressure to deliver continuous business
        operational excellence and improvement.
    --  The involvement of process automation in organizations has been found to
        have improved consumer experience, owing to better customer service and
        reduced lead times for products. Customers find it easy to use an
        automated product vending machine installed at a retail store, also It
        saves the store from unnecessary expenditure.
    --  AaaS in the retail sector helps to expedite the process, reducing the
        time from ideation to sale, which, in turn, reduces indecision in
        informing trading decisions, through historical data and trend analysis.
        Moreover, with the increasing retail sales, the market is expected to
        grow further.

North America is Expected to Hold the Largest Market Share

    --  The North American region is expected to hold the largest share in the
        market during the forecast period owing to the rapid and early adoption
        of cloud-based technologies and IoT by the United States. However,
        advantages, such as improved agility, flexibility and being able to
        deploy new applications, also hold significance.
    --  Moreover, the customers in this region are also fast adopters of AaaS,
        as it saves plenty of customers time for any transaction or interaction
        required to avail the services. This creates an atmosphere that is
        conducive for the market, and hence, drives the market.
    --  Furthermore, with the presence of basic and advanced infrastructure
        necessary for the support of AaaS, makes the region better suited for
        the adoption of such solutions, and creates opportunities for the market
        vendors.

Competitive Landscape

The automation-as-a-service market is highly competitive owing to the presence of many players. The market appears to be moderately concentrated with the major players adopting strategies like product and service innovation and mergers and acquisitions. Some of the major players in the market are IBM Corporation, Microsoft Corporation, HCL Technologies Limited among others.

Noteworthy Developments

    --  June 2018 - KMD partnered with IBM, to help it to expand into new
        markets. This partnership will help KMD to stay ahead of technological
        developments that include cloud, automation, machine learning, and
        security, and to help enterprise clients transform in the digital era.
    --  April 2018 - Automation Anywhere expanded in India, by opening a new
        facility in Bengaluru. The new center will be focused on serving the
        increasing demand for Automation Intelligent Digital Workforce Platform.

Key Topics Covered

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Demand for Automation Across Business Processes
4.3.2 Increasing Adoption of the Cloud Technology
4.4 Market Restraints
4.4.1 Maintaining Data Security and Privacy
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION
5.1 By Deployment
5.1.1 Cloud
5.1.2 On-premise
5.2 By Business Function
5.2.1 Information Technology
5.2.2 Finance
5.2.3 Human Resources
5.2.4 Sales and Marketing
5.2.5 Operations
5.3 By Enterprise Size
5.3.1 Large Enterprises
5.3.2 Small and Medium-sized Enterprises
5.4 By End-user Industry
5.4.1 BFSI
5.4.2 Telecom and IT
5.4.3 Retail and Consumer Goods
5.4.4 Healthcare and Life Sciences
5.4.5 Manufacturing
5.4.6 Other End-user Industries
5.5 Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 Latin America
5.5.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Automation Anywhere
6.1.2 Blue Prism
6.1.3 IBM Corporation
6.1.4 Microsoft Corporation
6.1.5 Uipath
6.1.6 HCL Technologies Limited
6.1.7 Hewlett Packard Enterprise
6.1.8 Kofax Inc.
6.1.9 Nice Ltd.
6.1.10 Pegasystems Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 INVESTMENT ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/r/5lnps4

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