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 growth of novel technologies, including cognitive computing, machine learning, and artificial intelligence, is expected to promote the development of automation tools at a rapid pace. Application of intelligent technologies among the innovation leaders and business pioneers is predicted to create a platform that would lead to the development of improvised framework, which would incorporate everything from staffing and general expenses to execution and productivity. Further, organizations around the world are highly investing in innovative and disruptive technologies such as RPA, process automation, AI, ML, Blockchain, and others to drive optimization and refocus their critical resources on tasks that boost revenue growth and innovation.
The ICT companies and various industry players are planning to make substantial investments in automation solutions and services. The automation platforms offered by the vendors, along with the technology-oriented automation proficiency, enable the clients to focus on creating better business value. Apart from the large enterprises, various SMEs around the world are also adopting the automation services to ease their business operations. This trend is predominantly driven by the presence of a new category of cloud-only solutions, which help in minimizing integration complexities and installation costs with quick setup. The North American market for automation-as-a-service is projected to exhibit high growth in the near future. Factors including cost benefits offered by automation solution and rapid product innovation by the technology providers are propelling the adoption in diverse industry verticals. However, alterations in operating procedures and business rules impacting the efficiency are might hinder the market growth during the forecast period.
Currently, the US 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. The US alone absorbs the major share of the total spending in artificial intelligence technology. The growth in automation-as-a-service in the US is mainly driven by factors that include its state of being one of the best internet connected countries in the world, with around 85% of its population using the internet in 2018. Also, the US has deep integration of IoT based connected devices that generate a huge amount of digital data every second. Further, the country is a hub of leading IT & cloud-based companies, which includes Accenture, IBM, Microsoft Corporation, and many others. The rising demand for automation in several tech & financial institutions is also significantly contributing to the market. The figure given below highlights the revenue share of Mexico in the North America automation-as-a-service market in the forecast period:
Mexico Automation-as-a-service Market Revenue and Forecasts to 2027 (US$ Mn)
NORTH AMERICA AUTOMATION-AS-A-SERVICE MARKET - SEGMENTATION
North America Automation-As-A-Service Market – ByComponent
Solution
Service
North America Automation-as-a-service Market –By Deployment Type
On-Premise
Cloud
North America Automation-as-a-service Market – By Business Function
Sales & Marketing
Finance & Operations
Human Resource
IT
North America Automation-as-a-service Market – By Industry Vertical
BFSI
IT & Telecom
Retail
Healthcare & Life Sciences
Transportation & Logistics
Government Agencies & Defense
Manufacturing
Others
North America Automation-as-a-service Market – ByCountry
US
Canada
Mexico
North America Automation-as-a-service Market -Companies Mentioned
Accenture PLC
Automation Anywhere, Inc.
Blue Prism Group plc
HCL Technologies Limited
Hewlett Packard Enterprise
IBM Corporation
Microsoft Corporation
NICE Ltd.
Pegasystems Inc
UiPath
North America Automation-as-a-service Market Strategic Insights
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North America Automation-as-a-service Market Segmentation Analysis
North America Automation-as-a-service Market Report Highlights
North America Automation-as-a-service Report Scope
Report Attribute
Details
Market size in 2018
US$ 1.04 Billion
Market Size by 2027
US$ 7.89 Billion
CAGR (2019 - 2027)
26.0%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Component
Solution and Service
By Deployment Model
On-premise and Cloud
By Business Function
Sales & Marketing
Finance & Operations
Human Resource
Information Technology
By Industry Vertical
BFSI
IT & Telecom
Retail
Healthcare & Life Sciences
Transportation & Logistics
Government Agencies & Defense
Manufacturing
Regions and Countries Covered
North America
US, Canada, Mexico
Market leaders and key company profiles
Accenture PLC
Automation Anywhere, Inc.
Blue Prism Group plc
HCL Technologies Limited
Hewlett Packard Enterprise
IBM Corporation
Microsoft Corporation
NICE Ltd.
Pegasystems Inc
UiPath
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North America Automation-as-a-service Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the North America Automation-as-a-service Market?
The North America Automation-as-a-service Market is valued at US$ 1.04 Billion in 2018, it is projected to reach US$ 7.89 Billion by 2027.
What is the CAGR for North America Automation-as-a-service Market by (2019 - 2027)?
As per our report North America Automation-as-a-service Market, the market size is valued at US$ 1.04 Billion in 2018, projecting it to reach US$ 7.89 Billion by 2027. This translates to a CAGR of approximately 26.0% during the forecast period.
What segments are covered in this report?
The North America 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 North America 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 North America Automation-as-a-service Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in North America Automation-as-a-service Market?
The North America 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 North America 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 North America Automation-as-a-service Market value chain can benefit from the information contained in a comprehensive market report.
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