Market Overview

The automation-as-a-service market is expected to register a CAGR of 22.15% during the forecast period 2019 - 2024. To be able to succeed in this highly competitive market landscape, most of the enterprises are focusing primarily on increasing agility, reducing operational complexity, and improving innovation speed, while keeping the costs to a lower level. Automation-as-a-service solutions.

• The market for Automation-as-a-Service is witnessing significant growth, owing to the increased adoption of artificial intelligence and machine learning, rapid deployment of IoT and connected infrastructure, and proliferation of digital automated devices.
• Automation-as-a-Service solutions basically aid businesses or enterprises to transform their service delivery and operational process to achieve higher accuracy, cost savings, and high productivity.
• AaaS solutions can quickly, effectively, and inexpensively automate time-consuming, highly repetitive, and accident-prone internal IT and business processes, and can help business pass resources to other business functions and segments.
• AaaS is not a service that is entirely new or disruptive. It is just an extension of the forward-thinking of business strategists, who seek and invest to make processes easier and efficient and to make way for the adoption of new technology faster and maintain a competitive edge in the market.

Scope of the Report

Automation-as-a-service basically enables an organization to automate the existing business processes by recording and analyzing data from the existing applications. It enables an organization to transform from a manual process to reliable, accurate and fast automation processes across the organization.

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Key Market Trends

Retail and Consumer Goods Segment to Witness High Growth

• In today’s economic environment, with many enterprises going global and acquiring customers across the globe, firms are demanding higher productivity, better cost control, improved process control, and improved risk management, to cope up with the frequent market changes and the increasing competitive pressure to deliver continuous business operational excellence and improvement.
• The involvement of process automation in organizations has been found to have improved consumer experience, owing to better customer service and reduced lead times for products. Customers find it easy to use an automated product vending machine installed at a retail store, also It saves the store from unnecessary expenditure.
• AaaS in the retail sector helps to expedite the process, reducing the time from ideation to sale, which, in turn, reduces indecision in informing trading decisions, through historical data and trend analysis. Moreover, with the increasing retail sales, the market is expected to grow further.

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