Automation-as-a-Service Market is estimated to grow at a CAGR of 25.50% within the forecast period of 2023-2030: Cognitive Market Research

We have recently published the 7th Edition of Automation-as-a-Service market report and we would encourage you to preview the free sample pages! We also present you the insights from the report below:

Key Insights from Automation-as-a-Service Market Report

  • According to Cognitive Market Research, the global automation-as-a-services market size was USD 5.5 billion in 2022 and will grow at a compound yearly growth rate (CAGR) of 25.50% from 2023 to 2030.

Get free sample pages of latest published Automation-as-a-Service Market Report:

Introduction of Automation as a Service

Automation-as-a-service is largely being adopted in different industries these days as it allows firms to automate existing business operations by analyzing and recording such high-volume data. This helps them to avoid the flaws of manual processes like their slow pace, labor monotony and human errors to a process that is more fast-paced and accurate and reduces human interventions.

These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Automation-as-a-service industry.

  • For instance, an intelligent in-patient room automation system as a one-stop shop was introduced by Healthnet Global for all requirements called AutoMaid, which contains a contactless sensor, cloud-based patient monitoring tool and communication pod having an AI-powered triaging system. These characteristics capture real-time body vitals and provide round-the-clock monitoring for previously monitored patients.

What are the Key Drivers Affecting the Automation-as-a-service Market?

  • Rapid Adoption among the SMEs to Boost Market Growth

The adaptive abilities of SMEs offer a backbone to define the economic structures globally. Technology has become an important part of everything a business does. Therefore, SMEs can also reap huge benefits with the automation of their IT, HR, finance, operations and marketing and sales processes.

  • As per the EC, SMEs have more than 250 employees, with a yearly turnover of up to USD 60 million; SMEs comprise 99% of the overall companies in the European Union alone.

The automation solutions offered on a cloud can be valuable for SMEs, as they do not have enough resources to invest in manpower. Investing in these solutions has the ability to streamline business processes, thus making the business profitable. The awareness about the advantages of automation-as-a-service has helped in the increased adoption of these solutions by SMEs.

The Factors Restraining Growth of the Automation-as-a-Services Market

  • Concern for Data Security and Privacy Issues to Hinder Market Growth

Privacy and data security are the reasons that companies focus on as data loss is possible. Data loss is a threat from the new cases like Wannacry, AlienBot, Cryptojackling, Fireball, Zeus, Fireball and other ransom is not paid for the decryption key in order to restore the data. The lack of maintenance of data security and privacy, along with a lack of skilled workflow, is anticipated to restrain the market growth. Further, the alterations in operating processes and business rules impact the efficiency of the market. The repeated alteration in processes increases the chances of re-programming and reworking.

Impact Of COVID-19 on the Automation-as-a-Service Market

The Covid-19 pandemic had a positive effect on the automation-as-a-service market. It helped clients in leveraging modern tools for different applications, mainly in healthcare. The market of automation-as-a-service was greatly useful for different medical applications like decoding genomic sequences for the development of drugs, improvement of CT scans, remote patient monitoring and healthcare automated solutions. Further, the adoption of smart manufacturing processes using AI and IoT technologies has boosted market growth after the pandemic.

Get free sample pages of latest published Automation-as-a-Service Market Report:

Automation-as-a-Service Market Analysis

Global Automation-as-a-Service Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automation-as-a-Service Industry growth. Automation-as-a-Service market has been segmented with the help of its Component, Industry Deployment, and others. Automation-as-a-Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

By Component, the Service Segment Dominates the Automation-as-a-Service Market

According to Cognitive Market Research, the service segment is expected to experience considerable market growth due to the automation services suite, inclusive of installation, consultation, maintenance, and support services. The service automation idea is opted over solutional packages due to its capability to connect with almost every domain and functionality tool for having a single interface for all processes. The rising acceptance of automation services for providing efficient business operations like automation of several data analysis, events and other business activities for more streamlined functioning.

The solution segment is continuously evolving, with novel technologies and landscape and shaping advancements. Businesses often opts for solutions based on their unique requirements, long-term strategic goals, and existing technology infrastructure.

  • Service
  • Solution

By Industry, the BFSI segment Dominating the Global Automation-as-a-Service Market

According to Cognitive Market Research, the BSFI is one of the prominent investors and adopters due to the high automation adoption rate throughout the business process applications. Draft deposits, automated tellers, and cash deposit machines are a few initial applications of automation solutions in this sector. Further, the banking industry has intense competition in the industry because of many market players. Therefore, companies are trying to include cost-effective solutions in order to assist them in holding their positions at the top.

The IT & Telecommunication segment is the second fastest growing category in the industry segment of automation-as-a-service market due to advancement in technology in this sector.

  • BFSI
  • IT & Telecommunications
  • Healthcare & Life Sciences
  • Others

By Deployment, the Hybrid Cloud Segment Dominating the Automation-as-a-Service Market

The hybrid cloud segment utilizes a combination or hybrid of public clouds, on-premises and private cloud computing. This helps the segment to attain increased demand from firms because it will help them to be flexible, and business operations can be operated throughout either of the clouds and even between on-premises and cloud whenever needed and are growingly being deployed by the SMEs in their operations.

The public cloud deployment is the second fastest growing segment as it provides scalability, ease of access and cost-effectiveness. This deployment is is mostly chosen by the organizations looking to rapidly scale their automation initiatives without the requirement for extensive infrastructure management.

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Enterprise Size, the Small and Medium Scale Enterprises Segment Dominating the Global Automation-as-a-Service Market

According to Cognitive Market Research, the small and medium-scale segment is dominating the market. In the industries like information technology, finance, sales & marketing, human resources, and operations, SMEs can benefit from process automation. The cloud-based automation solutions are helpful for SMEs as they lack the funds to invest in hiring personnel. The automation services can help streamline business operations and fuelling profitability.

The market of automation-as-a-service has been gaining popularity in the large enterprise sectors because of its potential to streamline operations, enhances the efficiency and scalability. The large enterprises have complex and wide operations making automation an attractive solution to optimize processes.

  • Large Enterprise
  • Small and Medium Sized Enterprise

By Business Type, the Finance and Human Resources (HR) Segment Dominating the Global Automation-as-a-Service Market

According to Cognitive Market Research, the finance and human resources segment dominate the market as automation-as-a-service is rapidly being deployed in this segment in order to maintain the efficiency and accuracy of workflow in the same. This assists in the effective streamlining of work as repetitive tasks are then made automated, like the selection of candidates and keeping the data records.

The sales and marketing category is the second fastest growing category. AaaS can streamline lead generation, email marketing, customer relationship management and other tasks. This can help businesses reach and engage customers more efficiently. The AaaS in marketing and sales drives the desire to optimize customer engagement, enhance the conversion rates, and offer personalized experience.

  • IT Operations
  • Sales and Marketing
  • Finance and Human Resources

The North America Automation-as-a-service market holds the Largest Share of Global Market

According to Cognitive Market Research, North America dominated the market in the year 2022 and accounted for the largest share of global share due to several variables. The North American region dominates the market for automation-as-a-service as it is one of the biggest contributors and investors, and with the presence of leading IT companies also, the company is witnessing an increase in equity investments in start-ups and innovations in the industry. The advancement in technology and well-established regional IT infrastructure adoption in this region is boosting the market growth.

The United States Automation-as-a-service market Expected to Grow at the Fastest Growth Rate During the Forecast Period

According to Cognitive Market Research, the US has the highest demand for automation-as-a-service. It has a firm integration of linked IoT-based devices that produces large amounts of data every second. The majority of global expenses on AI technologies are absorbed by the United States alone. The presence of leading cloud-based and IT businesses like Accenture, IBM, Microsoft Corporation, and others. The industry is hugely boosted by the growing demand for automation in different financial and technological sectors.

The Main Reasons for Automation-as-a-service Market to Witness the Fastest Growth in the Asia Pacific Region in the Coming Year

The rising demand for automation services and solutions in different industries like IT & Telecom, BSFI, and healthcare, among others. The emergence of several manufacturing firms which utilizes automation systems characterizes the growth of the regional industry. The growing utilization of cloud technologies and several other government efforts like smart cities throughout the Asia Pacific countries like India and China. Further, the growing focus on research and development and technology-based innovations increased the utilization of automated computing infrastructure.

The current report Scope analyzes Automation-as-a-Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on

North America (United States, Canada, Mexico)
Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

Get free sample pages of latest published Automation-as-a-Service Market Report:

Author’s Conclusion

Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.

The Global Automation-as-a-Service Market is witnessing significant growth in the near future.

In 2023, the Service segment accounted for noticeable share of global Automation-as-a-Service Market and is projected to experience significant growth in the near future.

The BFSI segment is expected to expand at the significant CAGR retaining position throughout the forecast period.

Some of the key companies Automation Anywhere , Blue Prism Limited and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.

Key Questions Answered By Automation-as-a-Service Market Report 2023

  • Why Service have a significant impact on Automation-as-a-Service market?
  • What are the key factors affecting the Service and Solution of Automation-as-a-Service Market?
  • What is the CAGR/Growth Rate of BFSI during the forecast period?
  • By type, which segment accounted for largest share of the global Automation-as-a-Service Market?
  • Which region is expected to dominate the global Automation-as-a-Service Market within the forecast period?

Related report:

Contact Us
Cognitive Market Research
20 N State Street, Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785

Leave a comment

Your email address will not be published. Required fields are marked *