The automation-as-a-service market in Europe is expected to grow from US$ 843.2 Mn in 2018 to US$ 7,197.1 Bn by the year 2027. This represents a CAGR of 27.7% from the year 2019 to 2027.
The automation-as-a-service market is primarily driven by the growing focus towards improving the efficiency and reducing the errors in the process. However, evolving regulations might hinder the growth of the automation-as-a-service market. The implementation of digital solutions is gaining momentum across various industries, including manufacturing, healthcare, BFSI, IT & telecom, and retail, among others. These industries are increasingly benefiting themselves from digital transformation. Analytics enable them to better apprehend and serve customers. Further, access to real-time information results in efficient decision-making. Automation of business operations facilitates them to escalate productivity. For instance, airline companies have become proficient at pricing through real-time information on supply and demand. Furthermore, retail companies with robust digital capabilities have designed seamless omnichannel environments. Also, the healthcare industry has modernized through EHRs, digital tools that track patients' vital signs, as well as virtual consultations between patients and doctors. In the meantime, automation has reduced insurance companies' claims-processing and underwriting costs. Manufacturers in every industry can enhance product quality, operating performance, and supply chain transparency, if they restructure their processes and train employees to function in the digital world. Therefore, companies are preparing themselves to adopt automation incrementally, and growing digitization is supporting the growth of the automation-as-a-service market.
The growth of novel technologies like machine learning, cognitive computing, and artificial intelligence is expected to promote the evolution of automation tools at a higher pace. Application of intelligent technologies among the innovation leaders and business pioneers is predicted to create arrangements that would lead to the development of the improvised framework, which would incorporate everything from staffing and general expenses to execution and productivity. Furthermore, the significant advancements owing to the combined impact of AI and ML technologies are expected to ensure the increased ROI and productivity, thus driving growth opportunities for the automation-as-a-service market in the coming years.
The automation-as-a-service market, by deployment, is segmented into on-premise and cloud. The cloud segment holds a significant share of the automation-as-a-service market and is expected to grow at a high CAGR during the forecast period. The cloud-based uses exploit virtual technology in order to host the applications of enterprises offsite. Therefore, it is largely adopted by small and medium enterprises. Deployment of cloud eliminates capital-related overheads, the feature of data back up on a regular basis is available, and also the companies are entitled to pay only for the resources they utilize. It is feasible for the enterprises which plan an expeditious expansion on a global scale, as the cloud has greater appeal to connect with more partners, clients, customers, and other businesses across the locations with minimum effort. In addition to this, the cloud-based deployment exhibits the feature of instant provisioning, as all the applications are already configured needed to run the software. Once an enterprise has subscribed, any new software which is integrated into an environment is ready to use directly.
The overall Europe automation-as-a-service market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Europe automation-as-a-service market. It also provides an overview and forecast for the Europe automation-as-a-service market based on all the segmentation provided with respect to the European region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe automation-as-a-service industry. Some of the players present in the automation-as-a-service market are Accenture PLC, Automation Anywhere, Inc., Blue Prism Group PLC, HCL Technologies Limited, Hewlett Packard Enterprise, IBM Corporation, Microsoft Corporation, NICE Ltd., Pegasystems Inc., and UiPath among others.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Automation-as-a-Service Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Expert Opinions
4.4 PEST Analysis
4.4.1 Europe - PEST Analysis
5. Europe Automation-as-a-Service Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Growing popularity of digital technologies across different industries
5.1.2 Growing focus towards improving efficiency and reducing the risk of errors
5.2 Restraint
5.2.1 Frequent changes in business operation procedure might affect the growth of the market
5.3 Opportunity
5.3.1 Increasing demand for automation services by SMEs
5.4 Future Trend
5.4.1 Incorporating advanced capabilities in the automated processes
5.5 Impact Analysis of Drivers and Restraints
6. Europe Automation-as-a-Service Market -Market Analysis
6.1 Europe Automation-as-a-Service Market Overview
6.2 Europe Automation-as-a-Service Market Forecast and Analysis
7. Europe Automation-as-a-Service Market Analysis - By Component
7.1 Overview
7.2 Automation-as-a-Service Market Breakdown, by Component, 2018 & 2027
7.3 Solution
7.3.1 Overview
7.3.2 Solution Market, Revenue and Forecast to 2027 (US$ Mn)
7.4 Service
7.4.1 Overview
7.4.2 Service Market, Revenue and Forecast to 2027 (US$ Mn)
8. Europe Automation-as-a-Service Market Analysis -By Deployment Model
8.1 Overview
8.2 Automation-as-a-Service Market Breakdown, by Deployment Model, 2018 & 2027
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise Market, Revenue and Forecast to 2027 (US$ Mn)
8.4 Cloud
8.4.1 Overview
8.4.2 Cloud Market, Revenue and Forecast to 2027 (US$ Mn)
9. Europe Automation-as-a-Service Market Analysis - By Business Function
9.1 Overview
9.2 Automation-as-a-Service Market Breakdown, by Business Function, 2018 & 2027
9.3 Sales & Marketing
9.3.1 Overview
9.3.2 Sales & Marketing Market, Revenue and Forecast to 2027 (US$ Mn)
9.4 Finance & Operations
9.4.1 Overview
9.4.2 Finance & Operations Market, Revenue and Forecast to 2027 (US$ Mn)
9.5 Human Resources
9.5.1 Overview
9.5.2 Human Resources Market, Revenue and Forecast to 2027 (US$ Mn)
9.6 IT
9.6.1 Overview
9.6.2 IT Market, Revenue and Forecast to 2027 (US$ Mn)
10. Europe Automation-as-a-Service Market Analysis - By Industry Vertical
10.1 Overview
10.2 Automation-as-a-Service Market Breakdown, by Industry Vertical, 2018 & 2027
10.3 BFSI
10.3.1 Overview
10.3.2 BFSI Market, Revenue and Forecast to 2027 (US$ Mn)
10.4 IT & Telecom
10.4.1 Overview
10.4.2 IT & Telecom Market, Revenue and Forecast to 2027 (US$ Mn)
10.5 Retail
10.5.1 Overview
10.5.2 Retail Market Forecast and Analysis
10.6 Healthcare & Life Sciences
10.6.1 Overview
10.6.2 Healthcare & Life Sciences Market, Revenue and Forecast to 2027 (US$ Mn)
10.7 Transportation & Logistics
10.7.1 Overview
10.7.2 Transportation & Logistics Market, Revenue and Forecast to 2027 (US$ Mn)
10.8 Government Agencies
10.8.1 Overview
10.8.2 Government Agencies Market, Revenue and Forecast to 2027 (US$ Mn)
10.9 Manufacturing
10.9.1 Overview
10.9.2 Manufacturing Market, Revenue and Forecast to 2027 (US$ Mn)
10.10 Others
10.10.1 Overview
10.10.2 Others Market Forecast and Analysis
11. Europe Automation-as-a-Service Market- Country Analysis
11.1.1 Europe Automation-as-a-Service Market Breakdown, by Country
11.1.1.1 Germany Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 Germany Automation-as-a-Service Market Breakdown, by Component
11.1.1.1.2 Germany Automation-as-a-Service Market Breakdown, by Deployment Model
11.1.1.1.3 Germany Automation-as-a-Service Market Breakdown, by Business Function
11.1.1.1.4 Germany Automation-as-a-Service Market Breakdown, by Industry Vertical
11.1.1.2 France Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 France Automation-as-a-Service Market Breakdown, by Component
11.1.1.2.2 France Automation-as-a-Service Market Breakdown, by Deployment Model
11.1.1.2.3 France Automation-as-a-Service Market Breakdown, by Business Function
11.1.1.2.4 France Automation-as-a-Service Market Breakdown, by Industry Vertical
11.1.1.3 Italy Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 Italy Automation-as-a-Service Market Breakdown, by Component
11.1.1.3.2 Italy Automation-as-a-Service Market Breakdown, by Deployment Model
11.1.1.3.3 Italy Automation-as-a-Service Market Breakdown, by Business Function
11.1.1.3.4 Italy Automation-as-a-Service Market Breakdown, by Industry Vertical
11.1.1.4 UK Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.4.1 UK Automation-as-a-Service Market Breakdown, by Component
11.1.1.4.2 UK Automation-as-a-Service Market Breakdown, by Deployment Model
11.1.1.4.3 UK Automation-as-a-Service Market Breakdown, by Business Function
11.1.1.4.4 UK Automation-as-a-Service Market Breakdown, by Industry Vertical
11.1.1.5 Russia Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.5.1 Russia Automation-as-a-Service Market Breakdown, by Component
11.1.1.5.2 Russia Automation-as-a-Service Market Breakdown, by Deployment Model
11.1.1.5.3 Russia Automation-as-a-Service Market Breakdown, by Business Function
11.1.1.5.4 Russia Automation-as-a-Service Market Breakdown, by Industry Vertical
11.1.1.6 Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.6.1 Rest of Europe Automation-as-a-Service Market Breakdown, by Component
11.1.1.6.2 Rest of Europe Automation-as-a-Service Market Breakdown, by Deployment Model
11.1.1.6.3 Rest of Europe Automation-as-a-Service Market Breakdown, by Business Function
11.1.1.6.4 Rest of Europe Automation-as-a-Service Market Breakdown, by Industry Vertical
12. Europe Automation-as-a-Service Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 Accenture
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Automation Anywhere, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Blue Prism Group
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 HCL Technologies
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Hewlett Packard Enterprise Development LP (HPE)
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 IBM Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Microsoft Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 NICE Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Pegasystems Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 UiPath
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Automation-as-a-Service Market, Revenue and Forecast to 2027 (US$ Mn)
Table 2. Europe Automation-as-a-Service Market Revenue and Forecast to 2027 - by Component (US$ Mn)
Table 3. Europe Automation-as-a-Service Market Revenue and Forecast to 2027 - by Deployment Model (US$ Mn)
Table 4. Europe Automation-as-a-Service Market Revenue and Forecast to 2027 - by Business Function (US$ Mn)
Table 5. Europe Automation-as-a-Service Market Revenue and Forecast to 2027 - by Industry Vertical (US$ Mn)
Table 6. Germany Automation-as-a-Service Market Revenue and Forecast to 2027 - by Component (US$ Mn)
Table 7. Germany Automation-as-a-Service Market Revenue and Forecast to 2027 - by Deployment Model (US$ Mn)
Table 8. Germany Automation-as-a-Service Market Revenue and Forecast to 2027 - by Business Function (US$ Mn)
Table 9. Germany Automation-as-a-Service Market Revenue and Forecast to 2027 - by Industry Vertical (US$ Mn)
Table 10. France Automation-as-a-Service Market Revenue and Forecast to 2027 - by Component (US$ Mn)
Table 11. France Automation-as-a-Service Market Revenue and Forecast to 2027 - by Deployment Model (US$ Mn)
Table 12. France Automation-as-a-Service Market Revenue and Forecast to 2027 - by Business Function (US$ Mn)
Table 13. France Automation-as-a-Service Market Revenue and Forecast to 2027 - by Industry Vertical (US$ Mn)
Table 14. Italy Automation-as-a-Service Market Revenue and Forecast to 2027 - by Component (US$ Mn)
Table 15. Italy Automation-as-a-Service Market Revenue and Forecast to 2027 - by Deployment Model (US$ Mn)
Table 16. Italy Automation-as-a-Service Market Revenue and Forecast to 2027 - by Business Function (US$ Mn)
Table 17. Italy Automation-as-a-Service Market Revenue and Forecast to 2027 - by Industry Vertical (US$ Mn)
Table 18. UK Automation-as-a-Service Market Revenue and Forecast to 2027 - by Component (US$ Mn)
Table 19. UK Automation-as-a-Service Market Revenue and Forecast to 2027 - by Deployment Model (US$ Mn)
Table 20. UK Automation-as-a-Service Market Revenue and Forecast to 2027 - by Business Function (US$ Mn)
Table 21. UK Automation-as-a-Service Market Revenue and Forecast to 2027 - by Industry Vertical (US$ Mn)
Table 22. Russia Automation-as-a-Service Market Revenue and Forecast to 2027 - by Component (US$ Mn)
Table 23. Russia Automation-as-a-Service Market Revenue and Forecast to 2027 - by Deployment Model (US$ Mn)
Table 24. Russia Automation-as-a-Service Market Revenue and Forecast to 2027 - by Business Function (US$ Mn)
Table 25. Russia Automation-as-a-Service Market Revenue and Forecast to 2027 - by Industry Vertical (US$ Mn)
Table 26. Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 - by Component (US$ Mn)
Table 27. Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 - by Deployment Model (US$ Mn)
Table 28. Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 - by Business Function (US$ Mn)
Table 29. Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 - by Industry Vertical (US$ Mn)
Table 30. Glossary of Term: Automation-as-a-Service Market
LIST OF FIGURES
Figure 1. Europe Automation-as-a-Service Market Segmentation
Figure 2. Europe Automation-as-a-Service Market Segmentation - By Country
Figure 3. Europe Automation-as-a-Service Market Overview
Figure 4. UK to Dominate the Market Throughout the Forecast Period
Figure 5. Finance & Operations held the Largest Market Share in 2018
Figure 6. Europe Automation-as-a-Service Industry Landscape
Figure 7. Automation-as-a-Service Market Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. Europe - PEST Analysis
Figure 10. Europe Automation-as-a-Service Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Automation-as-a-Service Market Forecast and Analysis, (US$ Mn)
Figure 12. Automation-as-a-Service Market Breakdown, by Component, 2018 & 2027 (%)
Figure 13. Europe Solution Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 14. Europe Service Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 15. Automation-as-a-Service Market Breakdown, by Deployment Model, 2018 & 2027 (%)
Figure 16. Europe On-Premise Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Europe Cloud Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Europe Automation-as-a-Service Market Breakdown, by Business Function, 2018 & 2027 (%)
Figure 19. Europe Sales & Marketing Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Europe Finance & Operations Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Europe Human Resources Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Europe IT Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Europe Automation-as-a-Service Market Breakdown, by Industry Vertical, 2018 & 2027 (%)
Figure 24. Europe BFSI Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Europe IT & Telecom Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Europe Retail Market Revenue And Forecasts To 2027(US$ Mn)
Figure 27. Europe Healthcare & Life Sciences Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Europe Transportation & Logistics Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Europe Government Agencies Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Europe Manufacturing Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Europe Others Market Revenue And Forecasts To 2027(US$ Mn)
Figure 32. Europe Automation-as-a-Service Market Breakdown, by Country, 2018 & 2027(%)
Figure 33. Germany Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
Figure 34. France Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
Figure 35. Italy Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
Figure 36. UK Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
Figure 37. Russia Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
Figure 38. Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)
The List of Companies - Europe Automation-as-a-service Market
1. Accenture PLC
2. Automation Anywhere, Inc.
3. Blue Prism Group plc
4. HCL Technologies Limited
5. Hewlett Packard Enterprise
6. IBM Corporation
7. Microsoft Corporation
8. NICE Ltd.
9. Pegasystems Inc
10. UiPath