Automation Center Of Excellence Market Size to Exceed $2.77 Billion by 2029 | Growth and Industry Trends
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How Has the Automation Center Of Excellence Market Grown from 2024 to 2025?
In recent times, the market size for the automation center of excellence has seen an exponential increase. Projected growth is from $0.56 billion in 2024 to $0.78 billion in 2025, showcasing a compound annual growth rate (CAGR) of 37.8%. This historic period growth can be linked to factors such as the mounting intricacy of business processes, pressure on costs, the need for scalability and adaptability, regulatory compliance issues, and a surge in data.
What Growth Rate Is Anticipated for the Automation Center Of Excellence Market in the Coming Years?
Expectations are high for the automation center of excellence market, with forecasts predicting substantial expansion in the coming years. By 2029, it’s projected to reach a market size of $2.77 billion, multiplying at an impressive compound annual growth rate (CAGR) of 37.4%. Driving factors for this anticipated escalation during the forecast timeline include a heightened concern for data privacy and ethics, increasing regulatory shifts, the management of remote workforces, concerns over cybersecurity, the demand for smart automation, and a stronger focus on hyperautomation. Anticipated trends within this period encompass ethical AI and responsible automation, Robotic Process Orchestration (RPO), the discovery and mining of processes, the use of low-code/no-code platforms, intelligent process automation (IPA), and cloud-based automation.
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Who Are the Leading Companies in the Automation Center Of Excellence Market?
Major companies operating in the automation center of excellence market are Microsoft Corp., International Business Machine Corporation, Tata Consultancy Services (TCS) Ltd., Capgemini SE, Infosys Limited, Micro Focus International plc, Nice Ltd., Wipro Limited, BMC Software Inc., SS&C Technologie Holdings Ltd., Pegasystems Inc., UiPath Inc., Verint Systems Inc., SAP SE, Zensar Technologies Inc., HelpSystems Inc., Blueprint Technologies Inc., Roboyo Group Ltd., Testingxperts Pvt. Ltd., ChoiceWORX Inc., Kiwiqa Services Private Limited, Digital Workforce Services plc, ElectroNeek Robotics Inc., Smartbridge Inc., XenonStack Pvt. Ltd
What Are the Key Drivers of the Automation Center Of Excellence Market?
The boom in industrial automation is projected to boost the expansion of the automation center of excellence market in the future. Industrial automation involves the utilization of control systems, machines, and advanced techniques to mechanize industrial operations and responsibilities, particularly in manufacturing and production areas. The upsurge in industrial automation adoption is spurred by a blend of economic, technological, and market dynamics that urge manufacturers to adopt automation as a vital strategy. The CoE contributes to mitigating hazards linked to industrial automation ventures by providing supervision, governance, and risk management procedures. This encompasses confirming compliance with safety laws, cybersecurity protocols, and industry superior techniques to decrease the possibility of accidents, interruptions, or security infringements. For example, the International Federation of Robotics, a non-profit organization based in Germany, stated in September 2023 that a total of 553,052 industrial robot installations were recorded in factories globally, displaying a year-on-year growth rate of 5% in 2022. On a regional scale, 73% of all freshly introduced robots were installed in Asia, 15% in Europe, and 10% in the Americas. Thus, the escalation in industrial automation propels the automation center of excellence market.
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What Are the Key Market Segments in the Automation Center Of Excellence Industry?
The automation center of excellence market covered in this report is segmented –
1) By Services: Technology Assessment And Consulting, Design And Testing, Governance, Implementation Support
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Verticals: Banking, Financial Services And Insurance, Information Technology And Information Technology Enabled Services, Retail And Consumer Goods, Healthcare And Life Sciences, Manufacturing, Transportation And Logistics, Other Verticals
Subsegments:
1) By Technology Assessment And Consulting: Automation Readiness Assessment, Feasibility Studies, Process Evaluation And Optimization
2) By Design And Testing: Automation Strategy Development, Solution Design And Architecture, Testing And Quality Assurance For Automation
3) By Governance: Compliance And Risk Management, Performance Monitoring And Reporting, Security And Data Privacy Governance
4) By Implementation Support: Deployment And Rollout Services, Training And Knowledge Transfer, Post-Implementation Support And Maintenance
What Are the Latest Trends in the Automation Center Of Excellence Market?
Leading enterprises in the automation center of excellence market are prioritizing the development of innovative technologies like automation cloud robots to establish a competitive advantage. These robots provide firms with a robust mechanism for optimizing operations, enhancing efficiency, reducing mistakes, and allowing human workers to concentrate on tasks with greater value addition. An example of this is the US robotic process automation firm, UiPath Inc., who in May 2022 unveiled the Next-Gen UiPath Automation Cloud Robots. This product enables users to swiftly introduce unattended robots without the necessity for IT resources or infrastructure, and empowers the robots to tap into the advantages of cloud resources for superior performance and efficiency.
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What Are the Key Regional Markets in the Automation Center Of Excellence Industry?
North America was the largest region in the automation center of excellence market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation center of excellence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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This Report Delivers Insight On:
1. How big is the automation center of excellence market, and how is it changing globally?
2. Who are the major companies in the automation center of excellence market, and how are they performing?
3. What are the key opportunities and risks in the automation center of excellence market right now?
4. Which products or customer segments are growing the most in the automation center of excellence market?
5. What factors are helping or slowing down the growth of the automation center of excellence market?
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