North America Automation-as-a-service Market Trends and Analysis by 2027
North America 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 : TIPRE00009255
- Category : Technology, Media and Telecommunications
- No. of Pages : 152
- Available Report Formats :
The automation-as-a-service market in North America is expected to grow from US$ 1.04 Bn in 2018 to US$ 7.89 Bn by the year 2027. This represents a CAGR of 26.0% from the year 2019 to 2027.
The growth of novel technologies, including cognitive computing, machine learning, and artificial intelligence, is expected to promote the development of automation tools at a rapid pace. Application of intelligent technologies among the innovation leaders and business pioneers is predicted to create a platform that would lead to the development of improvised framework, which would incorporate everything from staffing and general expenses to execution and productivity. Further, organizations around the world are highly investing in innovative and disruptive technologies such as RPA, process automation, AI, ML, Blockchain, and others to drive optimization and refocus their critical resources on tasks that boost revenue growth and innovation.
The ICT companies and various industry players are planning to make substantial investments in automation solutions and services. The automation platforms offered by the vendors, along with the technology-oriented automation proficiency, enable the clients to focus on creating better business value. Apart from the large enterprises, various SMEs around the world are also adopting the automation services to ease their business operations. This trend is predominantly driven by the presence of a new category of cloud-only solutions, which help in minimizing integration complexities and installation costs with quick setup. The North American market for automation-as-a-service is projected to exhibit high growth in the near future. Factors including cost benefits offered by automation solution and rapid product innovation by the technology providers are propelling the adoption in diverse industry verticals. However, alterations in operating procedures and business rules impacting the efficiency are might hinder the market growth during the forecast period.
Currently, the US 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. The US alone absorbs the major share of the total spending in artificial intelligence technology. The growth in automation-as-a-service in the US is mainly driven by factors that include its state of being one of the best internet connected countries in the world, with around 85% of its population using the internet in 2018. Also, the US has deep integration of IoT based connected devices that generate a huge amount of digital data every second. Further, the country is a hub of leading IT & cloud-based companies, which includes Accenture, IBM, Microsoft Corporation, and many others. The rising demand for automation in several tech & financial institutions is also significantly contributing to the market. The figure given below highlights the revenue share of Mexico in the North America automation-as-a-service market in the forecast period:
Mexico 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.
NORTH AMERICA AUTOMATION-AS-A-SERVICE MARKET - SEGMENTATION
North America Automation-As-A-Service Market – By Component
- Solution
- Service
North America Automation-as-a-service Market – By Deployment Type
- On-Premise
- Cloud
North America Automation-as-a-service Market – By Business Function
- Sales & Marketing
- Finance & Operations
- Human Resource
- IT
North America Automation-as-a-service Market – By Industry Vertical
- BFSI
- IT & Telecom
- Retail
- Healthcare & Life Sciences
- Transportation & Logistics
- Government Agencies & Defense
- Manufacturing
- Others
North America Automation-as-a-service Market – By Country
- US
- Canada
- Mexico
North America 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
North America Automation-as-a-service Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1.04 Billion |
| Market Size by 2027 | US$ 7.89 Billion |
| CAGR (2019 - 2027) | 26.0% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
North America
|
| 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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