DUBLIN--(BUSINESS WIRE)--The "Automation as a Service Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Automation as a service market is projected to witness a compound annual growth rate of 25.90% during the forecast period, reaching a total market size of US$8.306 billion in 2023 from US$2.086 billion in 2017.
Growing adoption of automation across various end-use industries is the major driver of automation as a service market. Increasing focus on life cycle management and growing deployment of hybrid clouds are some of the key factors for the growth of this market. Emerging cloud computing solutions also fosters the growth of automation as a service market since companies do not need to buy additional infrastructure or hardware, thus reducing the operational costs. Different automation services such as project engineering, consulting, installation and training services are gaining popularity among end-use industries in order to minimize maintenance and operational expenses along with reducing the additional labor requirement, thereby positively impacting the growth of automation as a service market.
EMEA (Europe, Middle East and Africa) region holds the largest market share of global automation service market owing to rising labor costs and high level of technological advancements across various end-use industries. Asia Pacific will witness a significant market growth due to changing economic conditions of emerging economies such as China, India, Japan, and South Korea. High labor costs in China and Japan due to rising aging population is driving the demand for industrial automation services, especially IoT and cloud-enabled automation.
- CA Technologies
- Cisco Systems
- Microsoft Corporation
- BMC Software
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Automation as a Service Market By Cloud Deployment Model
6. Automation as a Service Market By Geography
7. Competitive Intelligence
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/qqvbkj/global_automation?w=4