Home Press Releases Automation COE Market Size Worth $3,180.8 Million By 2030 | CAGR: 30.3 %

Automation COE Market Size Worth $3,180.8 Million By 2030 | CAGR: 30.3 %

The global automation COE market size is expected to reach USD 3,180.8 million by 2030, according to a new study by Polaris Market Research. The report “Automation COE Market Share, Size, Trends, Industry Analysis Report, By Services, By Organization Size (Large Enterprises and SMEs); By Verticals; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into the current market dynamics and provides an analysis of future market growth.

 

The growing demand for automation COE is due to rapid digitization and technological advancement across developed and developing nations. Furthermore, increasing adoption of these solutions for minimal resource utilization, improved productivity, and increased return on investment is projected to bolster the market.

 

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In addition, the growing demand across end-use industries to handle complex data with maximum security and automate business processes is expected to drive the market over the forecast period. Furthermore, these automated technologies equipped with AI detect the data generated, recognize the optimal workforce depending on the specific industry, and suggest plans for businesses to improve their decision-making, complementing the market growth.

 

The COVID-19 pandemic positively impacted the demand for automation COE solutions as many industrial and commercial sectors have deployed many automation solutions and software to keep up with ongoing tasks. Many IT firms and the healthcare sector demanded automation services to improve communication, speed up staff onboarding, and improve workflow efficiency influencing market growth.

 

Automation COE Market Report Highlights

  • The growing demand for the governance services segment is due to the expansion and deployment of automation across various verticals. Additionally, governance services are required to manage and monitor any complexity and ambiguity in the processes, which is increasing their demand.
  • The large enterprises segment accounted for the highest revenue share in 2021 and is expected to continue its dominance owing to the complex partner network and various sources of income. The rising adoption of large businesses to reduce the time spent on regular tasks and utilize that extra time to make strategic decisions, which eventually boosts revenue growth, is complementing the market growth.
  • Healthcare & life sciences are expected to have significant revenue growth owing to the rising investment in improving infrastructure. The rising adoption of automation solutions enhances communication and makes supply chains agile in life sciences to improve clinical outcomes; medical software bots help to retrieve and analyze data to provide the healthcare professional with accurate reports and improve decision-making, influencing the market growth.
  • North America is expected to dominate the market over the forecast period on account of the growing utilization of artificial intelligence, machine learning, and deep learning in various IT giants across the U.S. and Canada. With well-established infrastructure and rapid innovation, large businesses tend to adopt novel automation technologies, driving the market growth.
  • Major players operating in the industry include Anyrobot, Automation Anywhere, Blueprint, Calidad Infotech, Chazey Partners, ChoiceWORX, CIGNEX, Cigniti, Ctrl365, Digital Workforce, ElectroNeek, FASTPATH, HelpSystems, Innominds, KiwiQA, NICE, Nintex, Robocloud, Roboyo, Smartbridge, SS&C Blue Prism, Testingxperts, Uipath, Verint, and XenonStack

 

Polaris Market Research has segmented the automation COE market report based on services, organization size, verticals, and region:

 

Automation COE, Services Outlook (Revenue – USD Million, 2018 – 2030)

  • Technology Assessment & Consulting
  • Design & Testing
  • Governance
  • Implementation Support

Automation COE, Organization Size Outlook (Revenue – USD Million, 2018 – 2030)

  • Large Enterprises
  • SMEs

Automation COE, Verticals Outlook (Revenue – USD Million, 2018 – 2030)

  • BFSI
  • IT & ITES
  • Retail & Consumer Goods
  • Healthcare & Life Sciences
  • Manufacturing
  • Transportation & Logistics
  • Others

Automation COE, Regional Outlook (Revenue – USD Million, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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