Advancements in robotics, artificial intelligence, and machine learning are ushering in a new age of automation, as machines match or outperform human performance in a range of work activities, including ones requiring cognitive capabilities. Automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. Automation also contributes to productivity, as it has done historically. At a time of lackluster productivity growth, this would give a needed boost to economic growth and prosperity and help offset the impact of a declining share of the working-age population in many countries. The growth of novel technologies, including cognitive computing, machine learning, and artificial intelligence, is expected to promote the development of automation tools at a rapid pace.
Some of the leading players in global market are Accenture, Automation Anywhere, Blue Prism Group, HCL Technologies, Hewlett Packard Enterprise, IBM, Microsoft, NICE, Pegasystems, UiPath
The presence of well-developed and economically strong countries such as Germany, France, and the UK and a large concentration of some of the world’s largest companies are two of the major factors that are anticipated to complement the growth of automation-as-a-services in this region. Europe comprises several major manufacturing industries such as aerospace, machinery and equipment, automotive, and food & beverages. Automotive in the EU is considered to be a crucial industry as it significantly contributes to the country’s GDP as well as provides employment to millions of people in the region.
The region is home to several major automotive manufacturing and assembly plants. Europe continues to play a vital role in automotive manufacturing, and the facilities are well equipped with the latest technologies to produce sophisticated and quality products. The presence of a robust automotive manufacturing sector is resulting in the adoption of automation solutions and services for performing various tasks such as assembling, pick & place, and handling, as well as quality control applications.
Currently, the UK is dominating the in terms of installation, which in turn boosts the demand for the automation-as-a-service market in the region. The availability of various technology companies is propelling the UK government to focus on advanced technologies such as the Internet of Things (IoT), artificial intelligence, and e-mobility technologies. About the rise of different techniques and semiconductor products, companies demand automation is also rising substantially, which tends to drive the automation-as-a-service market in the UK. Further, the country has nearly 409 retailers, which depicts the growing retail industry in the country. The UK’s retail industry is booming due to improvements in the economy. The booming retail industry would help the automation-as-a-service to flourish within the country.
Source: Business Market Insights