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The global Automation Software Market is expected to accrue lucrative revenue by 2023. Increasing adoption of automation process to achieve efficiency and accuracy in business processes can propel market growth over the forecast period (2018 to 2023). In addition, technological advancements in artificial intelligence (AI), robotics, and machine learning can further boost the market growth.
The companies offering automation software are continuously looking to find processes that can be automated in order to accelerate productivity. The implementation of automation eases the processes in complex systems and allows them to interact together seamlessly. It can also allow a quick transformation of central management processes that leads to growth in business services.
Automation software improves business and data integrity by interpreting existing applications to manipulate data and communicate with other digital systems. Growing demand from organizations to automate tasks like handling client queries is anticipated to fuel the growth of the automation software market. Automation of repetitive tasks such as timesheets and proposal submissions can reduce the work load on production team.
The worldwide automation software market can be segmented on the basis of software type, operating systems, application, and region. Based on software type, the market can be categorized into automated software, real-time software, web-based software, 3D software, and others. Based on operating systems, the market can be categorized into windows, Linux, mac OS, android, and web browser. As per application, the market can be classified into industrial design, architectural design, business training, and others.
Geographically, the market for automation software can be divided into North America, Europe, Latin America, Asia Pacific, Middle East and Africa. North America represents the largest market due to high adoption of automation and process management solutions. The development of virtual workforce industry and use of robotic process automation in banking, financial services, and insurance (BFSI) for improving business process can have positive impact on the market.
Europe is expected to show rapid growth during the projected period. The growth of the market for automation software can be attributed to the existence of numerous manufacturing and logistic companies in the region. Asia Pacific is anticipated to exhibit rapid growth in terms of demand over the forecast period. Increasing awareness regarding robotic process automation (RPA) is also expected to boost the regional market. Rising demand for business process automation in business process outsourcing (BPO) sectors in developing countries including India and China is driving regional growth.
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Leading companies operating in the automation software market include BACHMANN; GEFRAN; ICONICS, Inc.; MITSUBISHI Automation; and Oracle Corporation. The market is extremely competitive due to presence of international and local vendors. The companies are providing solutions to deliver complex services securely and adapt business processes with better control. Research and development (R&D) is one of the primary business strategies adopted by most market participants.
Recently, Microsoft India introduced a mobile app called Microsoft Kaizala. It is intended for work management and large group communications. The app can be useful for organizations for communicating, collaborating and completing tasks. The company is also planning to launch its enterprise version called as Kaizala Pro. This product is expected to provide enterprises with full administrative control of their groups. The software has additional features including user and group management, system integration and automation, and advanced reporting and analytics.
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Main Product Type
Automation Software Market, by Software Type
Automation Software Market, by Operating Systems
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