Automation as a Service market set to reach $67.82 billion by 2032 with 26.31% CAGR growth
From GlobeNewswire: 2025-03-25 10:00:00
The Automation as a Service market was valued at $8.32 billion in 2023 and is projected to reach $67.82 billion by 2032, with a CAGR of 26.31% from 2024-2032. Major players in this market include Amazon Web Services, Google, SAP, Oracle, and Accenture, among others. The market is driven by cost efficiency and customization.
The U.S. Automation as a Service Market was $2.38 billion in 2023 and is expected to grow to $18.03 billion by 2032, with a CAGR of 25.3%. Businesses are increasingly adopting AI, machine learning, and cloud-based automation solutions to enhance efficiency and reduce operational costs. The market reflects a growing demand for scalable, intelligent automation technologies.
The Solution segment accounted for 64% of the Automation as a Service market revenue in 2023, driven by the demand for end-to-end automation solutions. The Services segment is expected to grow at a CAGR of 27.48% from 2024-2032 due to the increasing need for consulting, support, and maintenance services for effective automation implementation and integration.
Large Enterprises dominated the Automation as a Service market in 2023 with a 60% revenue share, but SMEs are projected to grow at a 27.63% CAGR from 2024-2032 due to the affordability and scalability of automation solutions. Cloud-based automation tools are making automation more accessible to SMEs, helping them increase efficiency, reduce costs, and compete with larger businesses.
The BFSI sector led the Automation as a Service market in 2023, accounting for a 31% share, driven by the need for improved efficiency, compliance, and risk management. The IT and Telecom segment is expected to grow at a CAGR of 28.75% from 2024-2032, as automation is increasingly adopted in areas like network management, customer service, and operational optimization.
Rule-Based Automation dominated the Automation as a Service market in 2023, with a 60% market share, due to its simplicity, reliability, and cost-efficiency in automating repetitive tasks. Knowledge-Based Automation is expected to grow at a CAGR of 28.11% from 2024-2032, driven by advancements in machine learning and AI. Automation as a Service Market offers data-driven decision-making and adaptive automation solutions. Segmentation includes components, deployment models, organization sizes, and end-users. North America leads with 41% market share, while Asia Pacific shows the fastest growth. Recent developments include AWS Security Incident Response and UiPath-Google Cloud partnership expansion in 2024. Consult SNS Insider for market analysis and consulting services.
Read more at GlobeNewswire: Automation as a Service Market Size to Surpass USD 67.82