Portland, OR, March 16, 2020 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global automation as a service market accounted for $2.09 billion in 2018 and is anticipated to garner $12.37 billion by 2026, registering a CAGR of 25.3% from 2019 to 2026.
Reduction in workforce cost, ease of doing business, and adoption of services technologies drive the growth of the global automation as a service market. On the contrary, data security and privacy and dynamic automation technology landscape hinder the market growth. However, rising adoption among SMEs would open new opportunities in the coming future.
The global automation as a service market is segmented on the basis of component, business function, enterprise size, industry vertical, and geography. Based on the component, the market is divided into solutions and services. The solution segment dominated the market in 2018, contributing to more than two-thirds of the total revenue. However, the services segment is anticipated to manifest the highest CAGR of 26.8% during the forecast period.
Download sample report to reveal qualitative data of the industry: https://www.alliedmarketresearch.com/request-sample/6235
On the basis of business function, the market is categorized into information technology, sales and marketing, operations, finance, human resources, and others. On the other hand, based on enterprise size, the market is segmented into large enterprises and small & medium enterprises.
On the basis of industry vertical, the market is bifurcated into BFSI, telecom & IT, retail, healthcare, manufacturing, government & defense, energy & utilities, media & entertainment, transportation & logistics, and others. The BFSI segment held the largest share in 2018, accounting for nearly one-fifth of the market. However, the healthcare segment is expected to portray the fastest CAGR of 29.0% during the study period.
The global automation as a service market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region would register the highest CAGR of 29.0% during the study period. However, the market across North America held the largest share in 2018, accounting for around two-fifths of the market.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6235
The global automation as a service industry report includes an in-depth analysis of the major market players such as Automation Anywhere, Inc., Blue Prism Limited, HCL Technologies Limited, Hewlett Packard Enterprise Company, International Business Machines Corporation, Kofax Inc., Microsoft Corporation, NICE Robotic Automation, Pegasystems Inc., and UiPath.
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:
https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as a single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.