The automation-as-a-service market is estimated to grow significantly during the estimated time period, owing to the increasing demand for automation in the energy and utility sector.

The automation-as-a-service market is estimated to grow significantly during the estimated time period, owing to the increasing demand for automation in the energy and utility sector. Automating various functions and processes in this industry has grown considerably over the last decade. For instance, using smart meters instead of meter readers and using drones for inspections. Furthermore, Statkraft, one of Europe's largest green energy producers, uses IT automation to accumulate and assemble information to analyze the climatic impact on renewable energy sources.

The rise in the demand for automation in retail is likely to drive the automation-as-a-service market during the forecast timeframe. Certain benefits of automation can be witnessed across supply chain and inventory management activities. Automation helps in streamlining processes via quick identification of goods, reducing delays as a result of additional paperwork, and curtails scams as well as manual errors. Various global retailers, such as eBay, Amazon, and Walmart, have opted for automated solutions for managing their inventories. In 2018, Walmart planned to expand its usage of autonomous robots for inventory management. The company is working with "Bossa Nova" to bring robots that help in detecting out-of-stock goods along with guiding staffs and customers to their products in the shops.

The automation-as-a-service market is bifurcated on the basis of technology into knowledge-based automation and rule-based automation. Knowledge-based automation is anticipated to hold a significant market share during the estimated timeframe, due to the increasing demand for artificial intelligence in various industries. By business function, the automation-as-a-service market includes finance, operations, sales and marketing, human resource, and information technology. The Operations segment is projected to expand significantly over the forecast period, owing to the growing investments made in automating various manufacturing processes for reducing wastes and costs.

Automation is the adoption of technology and devices to operate various processes with minimal human intervention. Automating processes and functions is performed to reduce errors, costs, and wastage caused during the manufacturing of products and for timely supply of products and services to the customers.

The North American automation-as-a-service market is estimated to grow significantly in the future, due to technological advancements made in the transportation sector. Several companies, such as FedEx, UPS, and DHL, use automation for streamlining their transport operations. FedEx is working with "Peloton Technology" to electronically link trucks to small caravan groups known as platoons.

Some of the key players in the automation-as-a-service market are HCL Technologies, UiPath, Nice Ltd., Kofax Inc., Blue Prism, Automation Anywhere, Inc., Microsoft Corporation, Pegasystems Inc., IBM Corporation, and Hewlett Packard Enterprise, among others.

Sample Research Report of This Study Available Online Here: https://www.zionmarketresearch.com/sample/automation-as-a-service-market