Asia Pacific Automation-as-a-service Market Analysis, Size, and Share by 2027
Asia Pacific Automation-as-a-service Market to 2027 - Regional Analysis and Forecasts by 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, and Others)
Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027- Report Code : TIPRE00009253
- Category : Technology, Media and Telecommunications
- No. of Pages : 170
- Available Report Formats :
The automation-as-a-service market in Asia-Pacific is expected to grow from US$ 680.4 Mn in 2018 to US$ 6,432.0 Mn by the year 2027. This represents a CAGR of 29.2% from the year 2019 to 2027.
With the increasing competition globally, the business is ensuring their digital presence and are efficiently utilizing digital technology in order to sustain in the market. Organizations in the present era, irrespective of their size, are adopting digital technologies for effective functioning and cost reduction. Although digitalization is taking place on a huge scale, several SMEs currently are still skeptical about adopting it. Factors such as fear of risks, lack of right understanding, and expenditures incurred on new technologies, among others, are probably responsible for the limited adoption. However, there are several open opportunities for SMEs prevailing in the digital world. They assist the SMEs to efficiently compete with larger enterprises as technology is highly scalable and flexible.
Over the coming years, the market is anticipated to enter into the new category of software vendors, who would be developing advanced analytics and data mining capabilities. This would further extend the scope of automation across more multifaceted processes and allow the automation of processes with variable degrees of unstructured data/ content. The net impact of burgeoning autonomics in industries will endure cannibalizing labor arbitrage benefits from off-shoring of processes, which would further result in increased consideration towards in-sourcing strategy.
Currently, China 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. China is at the forefront of new and emerging technologies such as AI, Blockchain, machine learning, RPA, and the adoption & implementation rate of these technologies is very high across all major industry verticals. The government is very keen to maintain China’s stronghold and competitiveness, especially in the adoption of advanced technologies. Huge population, developed manufacturing industry, presence of e-commerce giants, and rising demand for smart cities offers a suitable environment for the adoption of automation services in China. The figure given below highlights the revenue share of the Rest of Asia-Pacific in the Asia-Pacific automation-as-a-service market in the forecast period:
Rest of Asia-Pacific Automation-as-a-service Market Revenue and Forecasts to 2027 (US$ Mn)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
ASIA-PACIFIC AUTOMATION-AS-A-SERVICE MARKET - SEGMENTATION
Asia-Pacific Automation-As-A-Service Market – By Component
- Solution
- Service
Asia-Pacific Automation-as-a-service Market – By Deployment Type
- On-Premise
- Cloud
Asia-Pacific Automation-as-a-service Market – By Business Function
- Sales & Marketing
- Finance & Operations
- Human Resource
- IT
Asia-Pacific Automation-as-a-service Market – By Industry Vertical
- BFSI
- IT & Telecom
- Retail
- Healthcare & Life Sciences
- Transportation & Logistics
- Government Agencies & Defense
- Manufacturing
- Others
Asia-Pacific Automation-as-a-service Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia-Pacific 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
Asia Pacific Automation-as-a-service Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 680.4 Million |
| Market Size by 2027 | US$ 6,432.0 Million |
| CAGR (2019 - 2027) | 29.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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