North America Automation-as-a-service Market to 2027 - ResearchAndMarkets.com

The "North America Automation-as-a-service Market to 2027 - Regional Analysis and Forecasts by Component; Deployment Model; Business Function; Industry Vertical" report has been added to ResearchAndMarkets.com's offering.

The automation-as-a-service market in North America is expected to grow from US$ 1.04 Bn in 2018 to US$ 7.89 Bn by the year 2027. This represents a CAGR of 26.0% from the year 2019 to 2027.

The automation-as-a-service market is primarily driven by the growing digitization across various industry verticals and growing demand for quick and error-free processes. However, changing business standards might hinder the growth of the automation-as-a-service market. Automation comprises systematizing series of operations by interpreting and capturing existing high-volume and repetitive business processes. It deals with triggering responses, data handling, and communication with the other digital systems, which typically calls for tremendous monotony and labor. The model of automation-as-a-service empowers the organizations to shift from manual and slow processes to fast, reliable automation across the organization in a few hours or minutes. The rising demand for automation and the intensifying adoption of cloud technology are projected to be significant drivers for the growth of the automation-as-a-service market.

With the increasing competition globally, the business is ensuring their digital presence and are efficiently utilizing digital technology in order to sustain in the market. Organizations in the present era, irrespective of their size, are adopting digital technologies for effective functioning and cost reduction. Tasks that are highly skillful can be automated through Machine Learning and Artificial Intelligence, thus, resulting in cost savings. Further, the digitalization of processes helps in time-saving and reduction of errors, thereby improving the work quality. Owing to the mentioned advantages, the adoption of digital solutions by SMEs is gaining pace, consequently, providing potential opportunities to the players the value chain of the automation-as-a-service market.

The automation-as-a-service market, by component, is segmented into solution and services. The solution segment holds a significant share of the automation-as-a-service market and is expected to grow at a high CAGR. In the digital era, purchasing hardware and software for rapidly emerging technologies such as Robotics, AI, and Drones involves high complexity. In addition, retaining scarce resources for managing and operating such a system can be even harder. Owing to this, numerous advanced technology providers are making it easy for their customers to move to newer technologies by providing Automation Solutions as-a-Service, based on their business requirements. These providers host the solutions and manage them for their customers by offering solutions in the subscription model. The automation as-a-service provides a flexible, consumption-based subscription model, in which the providers classify automation flows into simple, medium, and complex types, with a fixed price for each type. The customers can select their level of subscription (i.e., how many flows per period) and can simply pay as they consume.

Reasons to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America automation-as-a-service market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the North America automation-as-a-service market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Automation-as-a-Service Market Landscape

4.1 Market Overview

4.2 Ecosystem Analysis

4.3 Expert Opinions

4.4 PEST Analysis

4.4.1 North America - PEST Analysis

5. North America Automation-as-a-Service Market - Key Industry Dynamics

5.1 Drivers

5.2 Restraint

5.3 Opportunity

5.4 Future Trend

5.5 Impact Analysis of Drivers and Restraints

6. North America Automation-as-a-Service Market -Market Analysis

6.1 North America Automation-as-a-Service Market Forecast and Analysis

7. North America Automation-as-a-Service Market Analysis - By Component

7.1 Overview

7.2 Automation-as-a-Service Market Breakdown, by Component, 2018 & 2027

7.3 Solution

7.4 Service

8. North America Automation-as-a-Service Market Analysis - By Deployment Model

8.1 Overview

8.2 Automation-as-a-Service Market Breakdown, by Deployment Model, 2018 & 2027

8.3 On-Premise

8.4 Cloud

9. North America Automation-as-a-Service Market Analysis - By Business Function

9.1 Overview

9.2 Automation-as-a-Service Market Breakdown, by Business Function, 2018 & 2027

9.3 Sales & Marketing

9.4 Finance & Operations

9.5 Human Resources

9.6 IT

10. North America Automation-as-a-Service Market Analysis - By Industry Vertical

10.1 Overview

10.2 Automation-as-a-Service Market Breakdown, by Industry Vertical, 2018 & 2027

10.3 BFSI

10.4 IT & Telecom

10.5 Retail

10.6 Healthcare & Life Sciences

10.7 Transportation & Logistics

10.8 Government Agencies

10.9 Manufacturing

10.10 Others

11. North America Automation-as-a-Service Market- Country Analysis

12. Global Automation-as-a-Service Market-Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Merger and Acquisition

12.4 New Development

13. Company Profiles

13.1 Accenture

13.2 Automation Anywhere, Inc.

13.3 Blue Prism Group

13.4 HCL Technologies

13.5 Hewlett Packard Enterprise Development LP

13.6 IBM Corporation

13.7 Microsoft Corporation

13.8 NICE Ltd.

13.9 Pegasystems Inc.

13.10 UiPath

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200403005195/en/