Automation Center of Excellence Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Services ; By Verticals ; By Organization Size ; By Region

Description

Global Automation Center of Excellence (CoE) Market Size Zooming to Reach USD 3 Billion by 2029

Global automation center of excellence (CoE) market is flourishing because of increasing improvements in return on investments across businesses, expanding innovations and cutting-edge technologies, and improved quality with reduced risk.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global automation center of excellence (CoE) market size at USD 324.1 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global automation CoE size to grow at a significant CAGR of 9.4% reaching a value of USD 3,117 million by 2029. Major growth factors for global automation CoE market include increasing significant returns on investments, improvements across businesses, lower data entry errors, and enhanced quality with lower risk. Also, the high adoption of several business entities to take a strategic and holistic approach to their business objectives and plan accordingly. Many companies are searching for such robotic technologies to retain their competitive edge and save money, which will drive market growth. Moreover, the surging demand for automation COE is expected to grow as it enhances the RoI of any vertical. It gives excellent insights into the data collected and improves the business process, which ultimately improves decision-making capability, auditability, and governance services while taking any transformative decisions, which improves the chances of any company achieving high returns; such factors are expected to drive the market. Besides that, automated systems enable manufacturers to increase their capacity and advance their employees' careers. Companies that focus on interacting workforce training with cutting-edge technologies enhance staff talent and company efficiency. As a result, the intervention of both skilled labor and automated technologies is driving market growth.

Global Automation Center of Excellence Market - Overview

An automation Centre of Excellence (CoE) is a self-sustaining, internal, and scalable team of specialists that oversees and operates software robots. The adoption of robotic process automation (RPA) standards, procedures, and processes across the entire organization aids in the sharing of best practices, the promotion of common technology adoption, and the development of a strong governance model. Businesses that are just getting started with robotics and organizations that have already started to benefit from automation can both build an automation CoE to scale up their projects and maximize the benefits of automation. The CoE enables rapid transformation while also managing associated risks and ensuring that automation expenditures are properly managed. As a result, it enables the company to effectively run and track its initiatives. Automation CoE is located at the intersection of speed, control, and agility. Automation of processes is no longer considered novel. A company's management, as well as its clients, suppliers, partners, employees, and shareholders, all expect automation to increase productivity and human potential.

Impact of COVID-19 on Global Automation Center of Excellence Market

COVID-19 had a beneficial effect on the automation CoE market. Companies were striving to ensure that every worker had access to reliable amount of internet bandwidth to accomplish their tasks effectively while staying put to make it simpler for employees to complete work from home. Companies used bots to look at employee zip codes, determine internet speed in their area, and collect information about employees' Wi-Fi plans in order to configure where improvements to employee internet packages are needed.

Global Automation Center of Excellence Market - By Organization Size

Based on organization size, global automation CoE market is bifurcated into Large Enterprises and SMEs segments. The large enterprises segment is expected to hold a higher market share owing to its extensive and complex corporate network and expanding personnel. The increasing digitization and globalization have raised the organization's attention on training their employees and consumers to fulfill their business objectives. Large firms are linked with many other key players in order to boost their profit and efficiencies, and as a result, they are more likely to use novel technologies for their complicated network, which is predicted to fuel market growth. The implementation of novel automation solutions allows large organizations to reduce human error and overhead costs while improving operational efficiency, boosting the market growth.

Competitive Landscape:

Major players operating in global automation CoE market include Agco, AnyRobot, Arab National Bank, Automation Anywhere, Blueprint, Calidad Infotech, Chazey Partners, ChoiceWORX, CIGNEX, Cigniti, Ctrl365, Custodial Agency at Dutch Ministry of Justice, Digital Workforce, ElectroNeek, FASTPATH, FortressIQ, HelpSystems, Innominds, and SS&C Blue Prism. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Automation Center of Excellence (CoE) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Automation Center of Excellence (CoE) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23065

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Automation Center of Excellence Market Insights

3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
  - 3.1.2.1. Rising Improvements in ROI Across Businesses
  - 3.1.2.2. Improved Quality with Reduced Risk
- 3.1.3. Restraints
  - 3.1.3.1. High Development and Deployment Costs
- 3.1.4. Opportunities
  - 3.1.4.1. Increase in Demand for Automation from Different Industries
  - 3.1.4.2. Reduced Churn
- 3.1.5. Challenges
  - 3.1.5.1. Lack of Knowledge Among Departments
3.2. Technology Advancements/Recent Developments
3.3. Regulatory Framework
3.4. Porter's Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry

4. Global Automation Center of Excellence Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Services
  - 4.2.1.1. Technology Assessment & Consulting
  - 4.2.1.2. Design & Testing
  - 4.2.1.3. Governance
  - 4.2.1.4. Implementation Support
- 4.2.2. By Verticals
  - 4.2.2.1. BFSI
  - 4.2.2.2. Healthcare & Life Sciences
  - 4.2.2.3. Manufacturing
  - 4.2.2.4. IT & ITES
  - 4.2.2.5. Retail & Consumer Goods
  - 4.2.2.6. Transportation & Logistics
  - 4.2.2.7. Others
- 4.2.3. By Organization Size
  - 4.2.3.1. Large Enterprises
  - 4.2.3.2. SMEs
- 4.2.4. By Region
  - 4.2.4.1. North America
  - 4.2.4.2. Europe
  - 4.2.4.3. Asia Pacific (APAC)
  - 4.2.4.4. Latin America (LATAM)
  - 4.2.4.5. Middle East and Africa (MEA)

5. North America Automation Center of Excellence Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Services
- 5.2.2. By Verticals
- 5.2.3. By Organization Size
- 5.2.4. By Country
  - 5.2.4.1. US
  - 5.2.4.1.1. By Services
  - 5.2.4.1.2. By Verticals
  - 5.2.4.1.3. By Organization Size
  - 5.2.4.2. Canada
  - 5.2.4.2.1. By Services
  - 5.2.4.2.2. By Verticals
  - 5.2.4.2.3. By Organization Size

6. Europe Automation Center of Excellence Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Services
- 6.2.2. By Verticals
- 6.2.3. By Organization Size
- 6.2.4. By Country
  - 6.2.4.1. Germany
  - 6.2.4.1.1. By Services
  - 6.2.4.1.2. By Verticals
  - 6.2.4.1.3. By Organization Size
  - 6.2.4.2. UK
  - 6.2.4.2.1. By Services
  - 6.2.4.2.2. By Verticals
  - 6.2.4.2.3. By Organization Size
  - 6.2.4.3. Italy
  - 6.2.4.3.1. By Services
  - 6.2.4.3.2. By Verticals
  - 6.2.4.3.3. By Organization Size
  - 6.2.4.4. France
  - 6.2.4.4.1. By Services
  - 6.2.4.4.2. By Verticals
  - 6.2.4.4.3. By Organization Size
  - 6.2.4.5. Spain
  - 6.2.4.5.1. By Services
  - 6.2.4.5.2. By Verticals
  - 6.2.4.5.3. By Organization Size
  - 6.2.4.6. The Netherlands
  - 6.2.4.6.1. By Services
  - 6.2.4.6.2. By Verticals
  - 6.2.4.6.3. By Organization Size
  - 6.2.4.7. Rest of Europe
  - 6.2.4.7.1. By Services
  - 6.2.4.7.2. By Verticals
  - 6.2.4.7.3. By Organization Size

7. Asia Pacific Automation Center of Excellence Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Services
- 7.2.2. By Verticals
- 7.2.3. By Organization Size
- 7.2.4. By Country
  - 7.2.4.1. China
  - 7.2.4.1.1. By Services
  - 7.2.4.1.2. By Verticals
  - 7.2.4.1.3. By Organization Size
  - 7.2.4.2. India
  - 7.2.4.2.1. By Services
  - 7.2.4.2.2. By Verticals
  - 7.2.4.2.3. By Organization Size
  - 7.2.4.3. Japan
  - 7.2.4.3.1. By Services
  - 7.2.4.3.2. By Verticals
  - 7.2.4.3.3. By Organization Size
  - 7.2.4.4. South Korea
  - 7.2.4.4.1. By Services
  - 7.2.4.4.2. By Verticals
  - 7.2.4.4.3. By Organization Size
  - 7.2.4.5. Australia & New Zealand
  - 7.2.4.5.1. By Services
  - 7.2.4.5.2. By Verticals
  - 7.2.4.5.3. By Organization Size
  - 7.2.4.6. Indonesia
  - 7.2.4.6.1. By Services
  - 7.2.4.6.2. By Verticals
  - 7.2.4.6.3. By Organization Size
  - 7.2.4.7. Malaysia
  - 7.2.4.7.1. By Services
  - 7.2.4.7.2. By Verticals
  - 7.2.4.7.3. By Organization Size
  - 7.2.4.8. Singapore
  - 7.2.4.8.1. By Services
  - 7.2.4.8.2. By Verticals
  - 7.2.4.8.3. By Organization Size
  - 7.2.4.9. Philippines
  - 7.2.4.9.1. By Services
  - 7.2.4.9.2. By Verticals
  - 7.2.4.9.3. By Organization Size
  - 7.2.4.10. Vietnam
  - 7.2.4.10.1. By Services
  - 7.2.4.10.2. By Verticals
  - 7.2.4.10.3. By Organization Size
  - 7.2.4.11. Rest of APAC
  - 7.2.4.11.1. By Services
  - 7.2.4.11.2. By Verticals
  - 7.2.4.11.3. By Organization Size

8. Latin America Automation Center of Excellence Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Services
- 8.2.2. By Verticals
- 8.2.3. By Organization Size
- 8.2.4. By Country
  - 8.2.4.1. Brazil
  - 8.2.4.1.1. By Services
  - 8.2.4.1.2. By Verticals
  - 8.2.4.1.3. By Organization Size
  - 8.2.4.2. Mexico
  - 8.2.4.2.1. By Services
  - 8.2.4.2.2. By Verticals
  - 8.2.4.2.3. By Organization Size
  - 8.2.4.3. Argentina
  - 8.2.4.3.1. By Services
  - 8.2.4.3.2. By Verticals
  - 8.2.4.3.3. By Organization Size
  - 8.2.4.4. Peru
  - 8.2.4.4.1. By Services
  - 8.2.4.4.2. By Verticals
  - 8.2.4.4.3. By Organization Size
  - 8.2.4.5. Rest of LATAM
  - 8.2.4.5.1. By Services
  - 8.2.4.5.2. By Verticals
  - 8.2.4.5.3. By Organization Size

9. Middle East & Africa Automation Center of Excellence Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Services
- 9.2.2. By Verticals
- 9.2.3. By Organization Size
- 9.2.4. By Country
  - 9.2.4.1. Saudi Arabia
  - 9.2.4.1.1. By Services
  - 9.2.4.1.2. By Verticals
  - 9.2.4.1.3. By Organization Size
  - 9.2.4.2. UAE
  - 9.2.4.2.1. By Services
  - 9.2.4.2.2. By Verticals
  - 9.2.4.2.3. By Organization Size
  - 9.2.4.3. Qatar
  - 9.2.4.3.1. By Services
  - 9.2.4.3.2. By Verticals
  - 9.2.4.3.3. By Organization Size
  - 9.2.4.4. Kuwait
  - 9.2.4.4.1. By Services
  - 9.2.4.4.2. By Verticals
  - 9.2.4.4.3. By Organization Size
  - 9.2.4.5. South Africa
  - 9.2.4.5.1. By Services
  - 9.2.4.5.2. By Verticals
  - 9.2.4.5.3. By Organization Size
  - 9.2.4.6. Nigeria
  - 9.2.4.6.1. By Services
  - 9.2.4.6.2. By Verticals
  - 9.2.4.6.3. By Organization Size
  - 9.2.4.7. Algeria
  - 9.2.4.7.1. By Services
  - 9.2.4.7.2. By Verticals
  - 9.2.4.7.3. By Organization Size
  - 9.2.4.8. Rest of MEA
  - 9.2.4.8.1. By Services
  - 9.2.4.8.2. By Verticals
  - 9.2.4.8.3. By Organization Size

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Automation Center of Excellence Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Automation Center of Excellence Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Agco
12.2. AnyRobot
12.3. Arab National Bank
12.4. Automation Anywhere
12.5. Blueprint
12.6. Calidad Infotech
12.7. Chazey Partners
12.8. ChoiceWORX
12.9. CIGNEX
12.10. Cigniti
12.11. Ctrl365
12.12. Custodial Agency at Dutch Ministry of Justice
12.13. Digital Workforce
12.14. ElectroNeek
12.15. FASTPATH
12.16. FortressIQ
12.17. HelpSystems
12.18. Innominds
12.19. SS&C Blue Prism
12.20. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable