Automation COE Market Witness the Growth of $1.5 billion by 2027

According to a research report Automation COE Market by Service (Implementation Support, Governance, Design & Testing), Organization Size (SMEs and Large Enterprises), Vertical (BFSI, Manufacturing, Healthcare & Life Sciences) and Region – Global Forecast to 2027″ published by MarketsandMarkets, the market size to grow from USD 0.3 billion in 2022 to USD 1.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 36.9% during the forecast period. The automation COE market is expected to grow at a significant rate in coming years owing to the need to enhance ROI and reduce overall operational costs. Some factors driving the growth of the automation COE market are significant improvements in ROIs across businesses, reduced data entry errors, and improved quality with reduced risk. Furthermore, automation CoEs enable companies to develop an organization-wide automation strategy as well as scale and standardize automated related solutions.

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Some major players in the automation COE market include SS&C Blue Prism (UK), UiPath (US), Automation Anywhere (US), NICE (Israel), Digital Workforce (Finland), HelpSystems (US), Ctrl365 (Argentina), FASTPATH (Netherlands), ElectroNeek (US), AnyRobot (US), Roboyo (Germany), Nintex (US), Chazey Partners (US), Smartbridge (US), Blueprint (US), Robocloud (UK), Verint (US), HelpSystems (US), Cigniti (India), Innominds (US), TestingXperts (US), KiwiQA (Australia), Calidad Infotech (India), CIGNEX (US), ChoiceWORX (US), and XenonStack (US). These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the global automation COE market.

SS&C Blue Prism is a UK-based software enterprise that was acquired by SS&C Technologies Holdings, a global leader in robotic process automation (RPA) and intelligent automation. RPA enables blue-chip companies to create a digital workforce powered by software robots to automate routine back-office clerical tasks. The company’s software enables the automation of manual, rules-based administrative processes to create a more agile, cost-effective, and accurate back-office.

SS&C Blue Prism is a provider of intelligent automation solutions for enterprises. Its products include an intelligent automation platform, cloud platform, as well as automation lifecycle management, robotic operating, process assessment, and other solutions. The company serves the financial, transportation & logistics, insurance, telecom, healthcare, public, manufacturing, retail, energy & utilities, and hospitality industries.

Automation Anywhere is the world’s leader in RPA and AI. The company offers the most widely deployed RPA platform to enable the automation of end-to-end processes. Automation Anywhere combines traditional RPA with cognitive elements such as natural language processing and reading unstructured data. The technology knows three pillars: Robotic Process Automation, Cognitive Automation, and Digital Workforce Analytics. Automation Anywhere’s RPA software is built for business users to record and deploy robots without needing any coding skills. The company’s product portfolio comprises IQ Bot (a cognitive automation solution, which helps automate business processes), Bot Insight (an analytics platform that provides operational and business intelligence), and Automation Anywhere Enterprise (a digital workforce platform that creates software robots to automate business processes). It also offers consulting services.

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Digital Workforce is a leading business automation platform and service provider globally. Digital Workforce’s Outsmart platform allows organizations to accelerate digitalization, increase revenue, improve customer experience, and gain a competitive advantage. Globally, over 200 large customers use Digital Workforce’s platforms and services to transform their businesses with automation. Digital Workforce offers a range of services and tools to support organizations in the robotics journey. The services include Robot-as-a-Service from the private cloud or Azure environment and Robotics Consulting. The company’s services make it possible to achieve tangible results from intelligent automation rapidly. Digital Workforce is one of the top RPA service providers globally, both in terms of revenue and head count. The company provides services across a range of industries. The company has automated over 4,000 business processes for customers.

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