Automation as a Service Market

Global Automation as a service market Research Report: Information Based on by Deployment Type (Cloud and On-premise), Business Function (Information Technology, Finance, Human Resources, Sales and Marketing, Operations), Enterprise Size (Large Enterprise, Small and Medium-sized Enterprise), End-user Vertical (BFSI, Telecom and IT, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

ICT & Media | September 2023 | Report ID: EMR00158 | Pages: 217

Global Automation as a Service Market is predicted to reach approximately USD 8.87 Billion by 2031, at a CAGR of 24.27% from 2022 to 2031. Automation as a service encompasses a range of services aimed at facilitating industry or business automation. It includes installation, support, consulting, and maintenance to enable seamless implementation and operation of automation technologies. This umbrella term extends to the adoption of disruptive technologies and the integration of robotic or autonomous systems capable of operating with minimal human intervention. By providing a comprehensive suite of services, automation as a service empowers organizations to optimize their processes, enhance efficiency, and embrace innovative technologies for improved productivity and competitiveness in the evolving business landscape.



Global Automation as a service market REPORT SCOPE & SEGMENTATION

Report Attribute


Estimated Market Value (2022)

1.56 billion

Projected Market Value (2031)

8.87 billion

Base Year


Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Deployment Type, By Business Function, By Enterprise Size, By End User & Region.

Segments Covered

By Deployment Type, By Business Function, By Enterprise Size, By End User & Region.

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.


Global Automation as a service market Dynamics

The automation-as-a-service market is driven by several factors. The increasing demand for process optimization, operational efficiency, and cost reduction across various industries acts as a major growth driver. The rapid advancements in technologies like artificial intelligence and machine learning contribute to the adoption of automation solutions. Additionally, the rising focus on digital transformation, coupled with the need for seamless integration of automation into existing systems, fuels market growth. Furthermore, the shift towards cloud-based automation and the emergence of intelligent automation solutions create significant opportunities for market expansion.


Global Automation as a service market Drivers

The automation-as-a-service market is driven by the high demand for automating business processes to improve productivity and efficiency. Businesses across various industries are increasingly adopting automation services to accelerate the automation of their operations. These services encompass the development, deployment, and testing of automated solutions, enabling organizations to streamline their processes and enhance overall performance. The growing emphasis on optimizing business workflows and achieving operational excellence contributes to the rising popularity and demand for automation-as-a-service offerings in the market.


The market experiences accelerated growth due to the widespread adoption and integration of Internet of Things (IoT) technology across industrial sectors. The increasing penetration of IoT facilitates the convergence and digital transformation of various verticals, propelling market expansion. The deployment of IoT-enabled components like sensors, actuators, and gateways drives market growth by enabling seamless connectivity to the internet. Furthermore, IoT revolutionizes automation engineering and manufacturing by reducing the need for extensive staff involvement, leading to improved operational efficiency and minimized error rates.


  • Restraints:

Market growth face obstacles due to concerns regarding data security and privacy, as well as the complexities associated with data integration. Additionally, the shortage of skilled personnel and limited awareness among enterprises about the advantages of automation-as-a-service are anticipated to pose challenges in the forecast period. Overcoming these hurdles will be crucial for the sustained growth of the automation-as-a-service market, necessitating effective solutions for data protection, enhanced integration capabilities, and increased awareness among potential users.


  • Opportunities:

The market presents lucrative opportunities for players in the forecast period, driven by a significant surge in the adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies. As organizations increasingly recognize the potential of AI and ML in enhancing operational efficiency, decision-making, and automation, the demand for automation-as-a-service solutions is expected to soar. These technologies enable intelligent automation, predictive analytics, and advanced data-driven insights, empowering businesses to optimize processes and drive innovation.


  • Segment Overview

By Deployment Type

The automation-as-a-service market is segmented based on deployment types, including on-premise and cloud. On-premise deployment involves hosting the automation solutions and infrastructure within the organization's premises. Cloud deployment, on the other hand, utilizes cloud-based platforms to deliver automation services over the internet. This segmentation provides businesses with flexibility in choosing the deployment type that aligns with their infrastructure, security, and scalability requirements, driving the growth and adoption of automation-as-a-service solutions.


By Business Function

The automation-as-a-service market is segmented based on business functions, including Information Technology (IT), Finance, Human Resources (HR), Sales and Marketing, and Operations. Each segment focuses on automating specific business functions to streamline processes, improve efficiency, and reduce manual efforts. Businesses can choose automation solutions tailored to their specific functional requirements, enabling them to optimize operations and achieve targeted outcomes. This segmentation provides a comprehensive range of automation options, catering to diverse business needs and driving the growth of the automation-as-a-service market.


By Enterprise Size

The automation-as-a-service market is segmented based on enterprise size, including Large Enterprises and Small and Medium-sized Enterprises (SMEs). Large enterprises typically have complex operations and require scalable automation solutions to handle their high-volume processes. SMEs, on the other hand, seek affordable and agile automation services that can adapt to their specific business needs. This segmentation allows organizations of different sizes to access automation solutions tailored to their scale, driving efficiency, productivity, and growth across various industries within the automation-as-a-service market.


By End User

The automation-as-a-service market is segmented based on end-user verticals, including BFSI (Banking, Financial Services, and Insurance), Telecom and IT, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, and other industries. Each vertical has unique automation needs and can benefit from tailored automation solutions. This segmentation allows businesses in various industries to leverage automation-as-a-service offerings specifically designed to address their industry-specific challenges and requirements. By providing industry-specific automation capabilities, the market caters to a wide range of end-user verticals, driving growth and adoption of automation-as-a-service solutions.


Global Automation as a service market Overview by Region.

North America

The automation-as-a-service market in North America holds a dominant position, primarily attributed to the presence of a diverse range of market players and a robust IT infrastructure. The region's well-established technology ecosystem and the active participation of key industry players contribute to its leadership status in delivering automation solutions. North America's favorable business environment and technological advancements further solidify its dominance in the automation-as-a-service market.


Asia Pacific

The Asia Pacific market is poised for growth due to rising demand for automation solutions and services across diverse industry verticals, including BFSI, IT & telecom, healthcare, among others. The region's increasing adoption of automation technologies to streamline operations and improve efficiency drives market expansion. With a focus on enhancing productivity and leveraging innovative automation solutions, businesses in Asia Pacific are driving the demand for automation services, creating significant growth opportunities in the market.


Global Automation as a service market Competitive Landscape

The automation-as-a-service (AaaS) market exhibits a moderately fragmented competitive landscape. The market is characterized by the presence of numerous players, both large and small, contributing to the overall competitiveness. These players offer a diverse range of automation solutions and services, catering to the specific needs of different industries and businesses. The competition drives innovation, technological advancements, and strategic collaborations among market participants. While a few key players hold a significant market share, the presence of smaller and emerging companies adds dynamism to the landscape, fostering healthy competition and providing customers with a wide array of options to choose from. The major players in the market are, Automation Anywhere, Inc., Blue Prism Limited, IBM, Microsoft, UiPath, HCL Technologies Limited, Hewlett Packard Enterprise Development LP, KOFAX INC., NICE Ltd., Pegasystems Inc., Accenture, WorkFusion, Inc., Kryon Systems, Micro Focus, Hexaware Technologies Limited, Siemens, Robonomics AI, AVEVA Group plc, Makino India Pvt Ltd., Cognizant, and Capgemini.


Global Automation as a service market Recent Developments


February 2023

UiPath secured $750 million in Series F funding, which will fuel its growth and enable expansion into new markets.


July 2022

Tangentia, a prominent automation services provider in Canada, embarked on a mission to support businesses in the banking and finance sectors in harnessing the power of RPA and AI technologies. Their cutting-edge solution, TiA Core AI, has been developed using advanced technologies such as machine learning, natural language processing, computer vision, deep learning, and robotic process automation (RPA). TiA Core AI is employed to deliver services to Soroco, a leading player in task mining tools, aiding them in handling client data.


February 2022

Healthnet Global unveiled an innovative in-patient room automation system known as AutoMaid. This comprehensive solution serves as a central hub for fulfilling all the needs of in-patients. AutoMaid comprises a contactless sensor, a communication pod, and a cloud-based patient monitoring tool equipped with an AI-driven triaging system. These functionalities enable the system to continuously collect real-time body vitals and provide continuous monitoring for patients who were previously monitored manually.


Scope of Global Automation as a service market Report

Global Automation as a service market Report Segmentation



By Deployment Type

  • On-premise
  • Cloud

By Business Function

  • Information Technology
  • Finance
  • Human Resources
  • Sales and Marketing
  • Operations

By Enterprise Size

  • Large Enterprises
  • Small and Medium-sized Enterprises

By End User

  • BFSI
  • Telecom and IT
  • Retail and Consumer Goods
  • Healthcare and Life Sciences
  • Manufacturing
  • Other End-user Industries

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request


  • Available upon request


Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:


  • Global Automation as a service market Size and Forecast:

To identify and estimate the market size for Global Automation as a service market segmented by technology, component, payment mode, vertical, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of contactless payment between 2023 and 2031.


  • Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges for Global Automation as a service market


  • Market Influencing Factors:

To find out the factors which are affecting the market of Global Automation as a service market among consumers


  • Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Automation as a service market forecast period is 2023 - 2031
According to Global Automation as a service market research, the market is expected to grow at a CAGR of ~ 24.27% over the next eight years.
The possible segments in Global Automation as a service market are Based on By Deployment Type, By Business Function, By Enterprise Size, By End User & Region.
The expected market size for Global Automation as a service market is 8.87 billion
The major players in the market are, Automation Anywhere, Inc., Blue Prism Limited, IBM, Microsoft, UiPath, HCL Technologies Limited, Hewlett Packard Enterprise Development LP, KOFAX INC., NICE Ltd., Pegasystems Inc., Accenture, WorkFusion, Inc., Kryon Systems, Micro Focus, Hexaware Technologies Limited, Siemens, Robonomics AI, AVEVA Group plc, Makino India Pvt Ltd., Cognizant, and Capgemini.

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