Market Highlights
The global automation as a service is growing rapidly. Market growth attributes to the high adoption of automation services across business processes. Besides, the rising utilization of cloud technology within enterprises to enhance business growth drives the automation as a service market. Robotic process automation (RPA) software helps industries automate business processes for lower-cost production, improved compliance, and increased productivity.
Moreover, the augmenting demand for time and cost-effective manufacturing techniques escalate market growth. According to Market Research Future (MRFR), global automation as a service market is forecasted to reach approximately USD 6BN by 2023, growing at a whopping CAGR of 29% throughout the assessment period (2017 – 2023). The spurting rise in semiconductors and consumer electronics market acts as a key driving force.
Additionally, augmenting demand for efficient power management, alongside the proliferation of automation and smart & connected devices, increases automation as a service market size. Advancements in the automation and Internet of Things (IoT) devices foster the growth of the market. Rising demand for higher energy saving and the low operational cost boost the market growth. Besides, the rising penetration of and increased budgets in the defense sector substantiate the market demand.
On the other hand, data security and privacy concerns are major factors predicted to impede market growth. Also, compliance regulations and standards pose challenges to market growth. Nevertheless, substantial R&D investments would support market growth throughout the review period, bringing about novel automation devices and services.
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Segmentation:
The report is segmented into six dynamics;
By Component : Solutions and Services (deployment & integration and support & training, others).
By Deployment : Cloud-based and On-Premise.
By Organization Size: Small-to-Medium-Sized and Large Enterprises.
By Application : Information Technology (IT), Sales & Marketing, Operations, Finance & Human Resources (HR), and others.
By End-User : BFSI, Telecommunications & IT, Retail & Wholesales, Healthcare & Life Science, Transportation & Logistics, Media & Entertainment, Hospitality, and others.
By Regions : Americas, Europe, APAC, and Rest-of-the-World.
Automation-as-a-Service Market – Geographical Analysis
North America dominates the global automation as a service market. The largest market share attributes to technological advancements and increased adoption of automation across industries. The rising adoption of automation as a service in the telecommunications & IT sector creates substantial market demand.
The increase in the adoption of automation and cloud technologies among enterprises pushes the regional market's growth. Moreover, the presence of notable players and well-established IT infrastructure increases market size, substantiating automation technology adoption across numerous industries.
Europe stands second in the global automation as a service market. The market is driven by the increasing adoption of automation and smart devices across the industrial sector. Additionally, the proliferation of smart & connected devices and the Internet acts as a key driving force for the growth of the regional market.
Furthermore, spurting growth in consumer electronics, automotive, aerospace & defense, and telecommunication industries stimulates the market growth in the region. Simultaneously, the regulatory safety & security mandates in sectors, alongside a large untapped consumer base, provide impetus to the regional market growth.
The automation as a service market in the Asia Pacific region is witnessing a rapid expansion. Factors such as the wide adoption of connected devices and the presence of sensor manufacturers substantiate automation as a service market size. Besides, the presence of small and medium enterprises adopting cloud-based applications increasingly and government initiatives for the development of smart cities foster regional market growth. India, South Korea, China, and Japan are the leading markets in the region.
Global Automation as a Service Market – Competitive Analysis
Highly competitive, the automation-as-a-service market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players adopt strategies such as mergers & acquisitions, collaborations, and product/technology development. Substantial investments are transpired to develop products and expand global footprints. Most players adopt organic business strategies, whereas tier I & II companies accentuate the inorganic business strategies to achieve their goals.
Major Players:
Players leading in the market are Blue Prism Group Plc. (UK), Automation Anywhere, Inc. (US), International Business Machines Corporation (US), UiPath (US), Microsoft Corporation (US), Kofax Inc. (US), Hewlett Packard Enterprise Development LP (US), NICE Ltd. (Israel), Pegasystems Inc.(US), and HCL Technologies Limited (India), among others.
Industry/ Innovation/ Related News
September 29, 2020 ----- VMware, Inc. (the US), a publicly-traded software company, announced the acquisition of SaltStack, the company behind the popular open-source IT configuration automation platform Salt, to expand into IT automation. VMware plans to offer SaltStack as part of its vRealize software suite for hybrid cloud management while providing it as a stand-alone product.
The acquisition would expand VMware's capabilities beyond its traditional IT infrastructure management and into the application layer. VMware also rolled out a Software-as-a-Service version of vRealize, called vRealize Cloud Universal, a cloud management subscription offering, combining on-premises and SaaS into one license. VMware would continue investing heavily in Salt, a Python-based, open-source software for event-driven IT automation, remote task execution, and configuration management.
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The global automation as a service is growing rapidly.
Robotic process automation (RPA) software helps industries automate business processes for lower-cost production, improved compliance, and increased productivity.Moreover, the augmenting demand for time and cost-effective manufacturing techniques escalate market growth.
Advancements in the automation and Internet of Things (IoT) devices foster the growth of the market.
Nevertheless, substantial R investments would support market growth throughout the review period, bringing about novel automation devices and services.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5551Global Automation as a Service Market – SegmentationThe report is segmented into six dynamics;By Component : Solutions and Services (deployment & integration and support & training, others).By Deployment : Cloud-based and On-Premise.By Organization Size: Small-to-Medium-Sized and Large Enterprises.By Application : Information Technology (IT), Sales & Marketing, Operations, Finance & Human Resources (HR), and others.By End-User : BFSI, Telecommunications & IT, Retail & Wholesales, Healthcare & Life Science, Transportation & Logistics, Media & Entertainment, Hospitality, and others.By Regions : Americas, Europe, APAC, and Rest-of-the-World.Automation-as-a-Service Market – Geographical AnalysisNorth America dominates the global automation as a service market.
The rising adoption of automation as a service in the telecommunications & IT sector creates substantial market demand.The increase in the adoption of automation and cloud technologies among enterprises pushes the regional market's growth.
Additionally, the proliferation of smart & connected devices and the Internet acts as a key driving force for the growth of the regional market.Furthermore, spurting growth in consumer electronics, automotive, aerospace & defense, and telecommunication industries stimulates the market growth in the region.
Automation as a Service Market Research Report- Forecast till 2023Market HighlightsThe global automation as a service is growing rapidly.
Robotic process automation (RPA) software helps industries automate business processes for lower-cost production, improved compliance, and increased productivity.Moreover, the augmenting demand for time and cost-effective manufacturing techniques escalate market growth.
Advancements in the automation and Internet of Things (IoT) devices foster the growth of the market.
Nevertheless, substantial R investments would support market growth throughout the review period, bringing about novel automation devices and services.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5551Segmentation:The report is segmented into six dynamics;By Component : Solutions and Services (deployment & integration and support & training, others).By Deployment : Cloud-based and On-Premise.By Organization Size: Small-to-Medium-Sized and Large Enterprises.By Application : Information Technology (IT), Sales & Marketing, Operations, Finance & Human Resources (HR), and others.By End-User : BFSI, Telecommunications & IT, Retail & Wholesales, Healthcare & Life Science, Transportation & Logistics, Media & Entertainment, Hospitality, and others.By Regions : Americas, Europe, APAC, and Rest-of-the-World.Automation-as-a-Service Market – Geographical AnalysisNorth America dominates the global automation as a service market.
The rising adoption of automation as a service in the telecommunications & IT sector creates substantial market demand.The increase in the adoption of automation and cloud technologies among enterprises pushes the regional market's growth.
Additionally, the proliferation of smart & connected devices and the Internet acts as a key driving force for the growth of the regional market.Furthermore, spurting growth in consumer electronics, automotive, aerospace & defense, and telecommunication industries stimulates the market growth in the region.
During the forecast period, the market will be supported by rising penetration of media and affordable and easy means.
An increase in fraudulent activities on the other hand will challenge advertisement marketplace sector based organizations functioning in the global online classified market.
During the forecast period 2018- 2023, the online classified market is set to witness a healthy growth across type, business model, and revenue source segments as well as regional markets.Online Classified Market Competitive Landscape The global online classified market research report brings a comprehensive study of type, business model, and revenue source market segments, regional analysis, and advertisement marketplace vertical based company details of key players.
As the forecast period 2018- 2023 will bring new opportunities for the market owing to adoption of social platforms and increase in mobile advertisement, the market is set to grow at a compound annual growth rate of 20.2% and is predicted to reach a value of US$463,033.3 million by 2023.
With SWOT analysis of advertisement marketplace sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as rise in fraudulent activities and payment frauds, companies in the advertisement marketplace sector can change the way business is done.Online Classified Market PlayersMasig (Singapore)Singapore Press Holdings Ltd. Co. (Singapore)Syoknya (Malaysia)Jualo (Malaysia)Craigslist (US)my (US)Mitula Group (Spain)Claseek Pte.
Broader platform over traditional advertising and cost-efficient and convenient are some of the key factors having an influence on advertisement marketplace industry based companies, suggest analysts as per the online classified market report.
But with all the fun running your own local store can bring, there are a couple of pitfalls that await if you rush into it without taking the time to do your due diligence first.
The risks of non-complianceDepending on the specifics of your business and the specific violation you make, you can be fined by the local regulatory body.
For example, if you’re planning to be hiring employees, you’re required to pay them at least a minimum wage, as well as respect their rights.
Compliance means protecting the customers as well as your company.
Furthermore, letting them know you’re compliant will increase the trust of your customers.
When a customer’s card is swiped, that’s the point where it’s most vulnerable to theft and interception.
To have accurate and precise data of transport management and the increase demands of efficient transportation, avoidance of accident technology and reducing the overall risk management and safety measures.
The integral part of the better transportation decision drive transportation predictive management and increasing focus of government in building efficient transportation system is resulting in the growth of transportation predictive analytics market.
The existing issues such as lack of safe transportation and more importance towards passengers safety .The increasing demand of transportation predictive analytics market is because of the business which are highly involved izn transportation are increasing rapidly.The increasing data volumes across transportation sector and various private agencies are the key drivers governing the market growth of the transportation predictive analytics market.
The Transportation Predictive Analytics Market aims to provide the predictive analysis of logistics data and can be used to transform the way companies do business, particularly in terms of cost efficiency, operational efficiency, cost saving, dynamic pricing and collection and visualization of data.Request a Sample Report @https://www.marketresearchfuture.com/sample_request/2672The transportation predictive analytics market is growing rapidly over 22% of CAGR and is expected to reach at USD 1,900 million by the end of forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
On basis of component type the transportation predictive analytics market consists software and hardware.
The study indicates that software service solutions would grow at a highest rate in the transportation predictive analytics market by the forecast period.
Microspheres Market Overview:Microspheres are extensively used in the healthcare sector owing to their qualities such as chemical resistance, enhanced processing, heat resistance, thermal stability, and others.
Market Research Future (MRFR) has published a report stating that the global microspheres market growth is marked to project noteworthy expansion at a CAGR of 11.9% during the forecast period of 2016-2022.Microspheres Market Drivers and Restraints:Increased research for the development of advanced medical devices that ensure effective drug delivery is fueling the growth of the global microspheres market as these microparticles are extensively utilized in such devices.
Rapid technological advancement is also aiding the development of medical devices and treatment techniques that require microspheres, which in turn is propelling the growth of the global microspheres market.
However, low penetration of technologically advanced solutions in the underdeveloped countries is restraining the growth of the global microspheres market during the review period.Get a FREE Sample with Complete TOC By Considering the COVID-19 impact on Global Market @ https://www.marketresearchfuture.com/sample_request/2268Microspheres Market Segmentation:The global microspheres market has been segmented on the basis of material, types, and application.
Based on type, the global microspheres market has been segmented into bioadhesive microspheres, magnetic microspheres, floating microspheres, radioactive microspheres, and polymeric microspheres.
The North America region is projecting dominance over the global microspheres market owing to the rapid technological advancement adoption of technologically advanced solutions in the well-developed healthcare sector in this region.
