Home > > Global Automation-as-a-service Market Report
The Automation-as-a-service market was valued at $5,929.6 Million in 2022, and is projected to reach $55,750.0 Million by 2032 growing at a CAGR of 25.18% from 2023 to 2032.Automation-as-a-service refers to the delivery of automation capabilities as a cloud-based service. This can include tasks such as automating processes and tasks, automating data entry, or automating customer service inquiries. The automation-as-a-service market is expected to grow significantly in the coming years, driven by a number of factors, including the increasing adoption of cloud-based services, the growing need for cost-effective and efficient business processes, and the rising demand for automation across a variety of industries. Some of the key drivers of the automation-as-a-service market include: The increasing adoption of cloud-based services: Cloud-based automation-as-a-service solutions are becoming more popular due to their flexibility and cost-effectiveness. They allow organizations to access automation capabilities on a pay-as-you-go basis, without the need for upfront infrastructure investments. The growing need for cost-effective and efficient business processes: Automation can help organizations streamline their processes and reduce the need for manual labor, leading to cost savings and increased efficiency. The rising demand for automation across a variety of industries: Automation is being adopted in a wide range of industries, including manufacturing, healthcare, financial services, and retail, to name a few. This is driving demand for automation-as-a-service solutions. Some of the top companies in the automation-as-a-service market include UiPath, Blue Prism, Automation Anywhere, and WorkFusion. These companies offer a range of automation-as-a-service solutions, including robotic process automation (RPA), artificial intelligence (AI), and machine learning (ML). In terms of recent developments, many of these companies have been focused on expanding their offerings and partnerships to better meet the needs of their customers. For example, UiPath has announced partnerships with Microsoft and Google Cloud, and Automation Anywhere has announced a partnership with AWS. These partnerships allow these companies to offer their automation solutions on the cloud platforms of these tech giants, making it easier for organizations to access and use their automation capabilities.