Global Automation-as-a-Service Market to Enjoy Tremendous Growth through 2022, Expects M&M in Its New Report Now Available at MarketPublishers.com24 Jan 2018 • by Natalie Aster
LONDON – In 2017, the world’s automation-as-a-service market reached USD 1.8 billion in value terms. Through to 2022, this market will likely exhibit tremendous growth at a 28.1% CAGR to amount to the value of USD 6.23 billion.
The major drivers of the hasty market growth comprise surging trend towards automation across different industrial sectors and steadily rising need to mechanise the repetitive and mundane business processes. Meantime, the major challenge of the automation-as-a-service market growth is poor awareness.
During 2017-2022, the North American region will hold the dominant position in the world’s automation-as-a-service market in terms of size; this regional market is poised to remain the key revenue-generating regional market in the near future owing to presence of highly developed economies (the US and Canada) and high focus of the local companies on innovations and technological advancements. The highest growth rates through to 2022 are anticipated in the APAC automation-as-a-service market; this is attributed primarily to expanding adoption of automation along with cloud technologies and favourable government initiatives in the region.
The new topical report “Automation-as-a-Service Market by Component, Type, Business Function, Deployment Model, Organization Size, Industry, and Region - Global Forecast to 2022” elaborated by MarketsandMarkets (M&M) offers a close, professional look at the world’s automation-as-a-service market.
This topical report presents an in-depth analysis of the automation-as-a-service market performance at the global and regional scales with reliable statistics globally and for each region. Furthermore, this study contains a comprehensive analysis of the key market segments (basing on components, types, business functions, deployment models, end-use industries, organization size) with trustworthy info on their volume, value, shares, growth rates, etc. Besides, this report casts light on the automation-as-a-service market dynamics and identifies the key forces impacting the market growth and development, canvasses the emerging growth challenges and prospects, describes the competitive environment and profiles the dominant participants. This publication presents in-depth insights into the historical development patterns and presents scenario of the automation-as-a-service market as well as gives an all-round future outlook with detailed forecasts through to 2022.
Many other in-demand research reports by this publisher are at hand in M&M online catalogue.