Automation Center Of Excellence Market Size
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Automation Center Of Excellence Market Size Growth Forecast: What to Expect by 2025?
In recent times, the size of the market for the automation center of excellence has seen significant expansion. The growth trajectory suggests an increase from $0.56 billion in 2024 to nearly $0.78 billion in 2025, maintaining a compound annual growth rate (CAGR) of 37.8%. The market’s development during the historic period roots in factors like the rising intricacy of business operations, pressure to reduce costs, the need for scalability and adaptability, compliance with regulations, and the surge in data.
How Will the Automation Center Of Excellence Market Size Evolve and Grow by 2029?
Expectations are high for a considerable expansion in the automation center of excellence market within the next few years. Estimates suggest it will reach $2.77 billion by 2029, with a compound annual growth rate (CAGR) of 37.4%. The surge during this forecast period can be linked to factors such as rising concerns over data privacy and ethics, intensifying regulatory changes, the handling of a remote workforce, issues in cybersecurity, a growing demand for smart automation, and heightened focus on hyperautomation. Projected trends during this period encompass ethical AI and responsible automation, the orchestration of robotic processes (RPO), process mining and discovery, the advent of low-code/no-code platforms, intelligent process automation (IPA), and the transition to cloud-based automation.
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What Drivers Are Propelling the Growth of Automation Center Of Excellence Market Forward?
The surge in industrial automation is anticipated to fuel the expansion of the automation center of excellence market in the future. Industrial automation involves the application of control systems, machines, and modern technologies to streamline industrial procedures and assignments, generally in the manufacturing and production sectors. The upsurge in the adoption of industrial automation is due to an amalgamation of economic, technological, and market dynamics that force manufacturers to adopt automation as a key strategic necessity. The CoE plays a key role in reducing risks linked with industrial automation initiatives by offering supervision, governance, and risk management strategies. It ensures adherence to safety rules, cybersecurity norms, and industry’s best practices to minimize the likelihood of mishaps, disturbances, or security issues. As an example, the International Federation of Robotics, a German non-profit organization, indicated in September 2023 that 553,052 industrial robot installations took place in factories across the globe, signifying a 5% annual growth rate in 2022. Geographically, Asia saw 73% of all new robot deployments, Europe had 15%, and the Americas accounted for 10%. Accordingly, the rise in industrial automation propels the automation center of excellence market.
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Which Emerging Trends Are Transforming the Automation Center Of Excellence Market in 2025?
Leading organizations in the automation center of excellence market are concentrating on creating new technologies, such as automation cloud robots, to establish market supremacy. Automation Cloud Robots provide firms with an effective approach for streamlining processes, enhancing productivity, minimizing mistakes, and allotting more meaningful tasks to their human staff. For example, UiPath Inc., a US-based company specializing in robotic process automation, rolled out its Next-Gen UiPath Automation Cloud Robots in May 2022. This innovation enables users to immediately deploy unattended robots without the need for IT support, resources, or infrastructure. Additionally, it lets the robots utilize the advantages of cloud utilities for superior performance and functionality.
What Are the Key Segments in the Automation Center Of Excellence Market?
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, Healare 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
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Who Are the Key Players Shaping the Automation Center Of Excellence Market’s Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Automation Center Of Excellence Market?
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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