The automation-as-a-service market in Asia-Pacific is expected to grow from US$ 680.4 Mn in 2018 to US$ 6,432.0 Mn by the year 2027. This represents a CAGR of 29.2% from the year 2019 to 2027.
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. Although digitalization is taking place on a huge scale, several SMEs currently are still skeptical about adopting it. Factors such as fear of risks, lack of right understanding, and expenditures incurred on new technologies, among others, are probably responsible for the limited adoption. However, there are several open opportunities for SMEs prevailing in the digital world. They assist the SMEs to efficiently compete with larger enterprises as technology is highly scalable and flexible.
Over the coming years, the market is anticipated to enter into the new category of software vendors, who would be developing advanced analytics and data mining capabilities. This would further extend the scope of automation across more multifaceted processes and allow the automation of processes with variable degrees of unstructured data/ content. The net impact of burgeoning autonomics in industries will endure cannibalizing labor arbitrage benefits from off-shoring of processes, which would further result in increased consideration towards in-sourcing strategy.
Currently, China is dominating the automation-as-a-service market in terms of installation, which in turn boosts the demand for the automation-as-a-service market in the region. China is at the forefront of new and emerging technologies such as AI, Blockchain, machine learning, RPA, and the adoption & implementation rate of these technologies is very high across all major industry verticals. The government is very keen to maintain China’s stronghold and competitiveness, especially in the adoption of advanced technologies. Huge population, developed manufacturing industry, presence of e-commerce giants, and rising demand for smart cities offers a suitable environment for the adoption of automation services in China. The figure given below highlights the revenue share of the Rest of Asia-Pacific in the Asia-Pacific automation-as-a-service market in the forecast period:
Rest of Asia-Pacific Automation-as-a-service Market Revenue and Forecasts to 2027 (US$ Mn)
How big is the Asia Pacific Automation-as-a-service Market?
The Asia Pacific Automation-as-a-service Market is valued at US$ 680.4 Million in 2018, it is projected to reach US$ 6,432.0 Million by 2027.
What is the CAGR for Asia Pacific Automation-as-a-service Market by (2019 - 2027)?
As per our report Asia Pacific Automation-as-a-service Market, the market size is valued at US$ 680.4 Million in 2018, projecting it to reach US$ 6,432.0 Million by 2027. This translates to a CAGR of approximately 29.2% during the forecast period.
What segments are covered in this report?
The Asia Pacific Automation-as-a-service Market report typically cover these key segments-
Component (Solution and Service)
Deployment Model (On-premise and Cloud)
Business Function (Sales & Marketing, Finance & Operations, Human Resource, Information Technology)
Industry Vertical (BFSI, IT & Telecom, Retail, Healthcare & Life Sciences, Transportation & Logistics, Government Agencies & Defense, Manufacturing)
What is the historic period, base year, and forecast period taken for Asia Pacific Automation-as-a-service Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Automation-as-a-service Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in Asia Pacific Automation-as-a-service Market?
The Asia Pacific Automation-as-a-service Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Accenture PLC
Automation Anywhere, Inc.
Blue Prism Group plc
HCL Technologies Limited
Hewlett Packard Enterprise
IBM Corporation
Microsoft Corporation
NICE Ltd.
Pegasystems Inc
UiPath
Who should buy this report?
The Asia Pacific Automation-as-a-service Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Automation-as-a-service Market value chain can benefit from the information contained in a comprehensive market report.
Get Free Sample For Asia Pacific Automation-as-a-service Market
