The global automation COE market value is estimated to be US$ 560.8 million in 2024. The market is anticipated to advance at a robust CAGR of 41.4% during the projected period. By 2034, the market value is forecast to reach an impressive value of US$ 13,300 million.
| Report Attribute | Details |
|---|---|
| Automation COE Market Share (2024) | US$ 560.8 million |
| Market Anticipated Forecast Value (2034) | US$ 13,300 million |
| Market CAGR (2024 to 2034) | 41.4% |
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As per analysis, the global market registered a valuation of US$ 82.3 million in 2019. The advent of Industry 4.0, followed by the digitization of business operations during the pandemic, drove the market at 37.2% CAGR from 2019 to 2023. By the end of 2023, the global market value reached US$ 400 million.
| Attributes | Details |
|---|---|
| Automation COE Market Size (2019) | US$ 82.3 million |
| Market Size (2023) | US$ 400 million |
| Market (CAGR 2019 to 2023) | 37.2% |
The sales of automation COE market have increased in recent years due to shifting business trends toward digital platforms such as cloud computing and deep data networks. Also, incorporating COE technology into corporate processes is expected to expand over the coming years with the realization of how strategically important automation is to remain competitive and in line with larger industry developments.
Prominent Factors to Consider for the Growth of Automation COE Market
Automation COEs are appealing in part because of their ability to plan and execute automation projects strategically, making the use of available resources in line with overarching company objectives. Also, the demand for scalability and standardization, along with the need to minimize expenses by eliminating duplicity of undertakings, has popularized the COE in automation.
To facilitate intelligent decision-making processes, organizations across all economies are now making use of enterprise automation systems. By incorporating artificial intelligence and improved data analytics capabilities into automation systems, Automation COE helps enterprises to get valuable insights into the contemporary market.
Establishing the concept of automation COE management offers a chance for staff empowerment as it ensures that workers have the skills necessary to coordinate. It also promotes a culture of continuous learning inside the company's organization by assisting employees to become experts in automation technology.
Principal Consultant
The table below provides a glimpse of the promising future projections for automation COE service providers in three top-performing countries. Based on the scale of business, China and the United States acquire more significant shares of the global market due to the implementation of robotics process automation. However, the United Kingdom is expected to record a growth of 39.1% from 2024 to 2034.
| Regional Market Comparison | CAGR (2024 to 2034) |
|---|---|
| United States | 37.5% |
| China | 38.2% |
| United Kingdom | 39.1% |
In the United States, excellence in robotic automation is anticipated to drive the regional automation COE market at 37.5% per year through 2034. Further, the United States automation COE market value is predicted to reach almost US$ 2,400 million by 2034 end.
Automation COE service providers in the United States are involved in creating and using automation solutions that support resilience and business continuity. Automation COEs in the country now act as knowledge centers, keeping abreast of new developments in the industry and assisting companies in promoting creativity and competitiveness.
The United Kingdom is Focusing More on the Development of the COE Framework
In Europe, the growing demand for advanced automation hubs is anticipated to progress the United Kingdom market at 39.1% per year through 2034. By the end of 2034, the total revenue from the adoption of automation COE is predicted to reach nearly US$ 553 million.
In the United Kingdom, several companies take regulatory compliance and efficient risk management solutions into account. So, the establishment of automation excellence hubs is surging in the country to guarantee that strategic automation centers follow industry standards and laws.
The demand for the automation COE market in China is anticipated to rise with 38.2% CAGR from 2024 to 2034. The net valuation of the market is expected to be around US$ 2,100 million during the forecast period.
As the business ecosystem in China has turned agile, interdepartmental cooperation of IT, operations, and business processes center of excellence for automation is getting more adopted. Also, the automation competition center speeds up cross-functional teams’ coordination and proficiency to guarantee that automation solutions meet technical and commercial objectives
Over the next ten years, the adoption of automation COE by large enterprises is poised to continue at a CAGR of 37%.
| Attributes | Details |
|---|---|
| Top Organization Size Segment | Large Enterprises |
| Market Segment CAGR from 2024 to 2034 | 37% |
| Market Segment CAGR from 2019 to 2023 | 41.2% |
Modular automation systems that can adjust to shifting needs and COE best practices are in high demand from large enterprises in this segment. However, the growing adoption of COE for smart manufacturing is expected to strengthen the SME segment through the projected years.
The COE services segment for technology assessment and consulting to users could progress at 36.8% CAGR through 2034.
| Attributes | Details |
|---|---|
| Top Service Type Segment | Technology Assessment & Consulting |
| Market Segment CAGR from 2024 to 2034 | 36.8% |
| Market Segment CAGR from 2019 to 2023 | 41% |
Technology assessment and consulting services by COE providers help enterprises streamline automation efforts, making it possible to grow their automation projects effectively and painlessly. Meanwhile, COE services for governance and design & testing are the other two promisingly growing segments in this category.
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Some leading market players hold almost 50% of the global market share, making it noticeably less competitive for new players. The market could remain consolidated during the forecast years as smaller organizations find it difficult to keep up with the quick evolutions and advancements in automation technology. However, federal support in emerging economies of Asia for digital transformation and COE consulting is expected to fragment the market to some extent.
Recent Developments in the Global Automation COE Market
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | US$ 560.8 million |
| Projected Market Size (2034) | US$ 13,300 million |
| Anticipated Growth Rate (2024 to 2034) | 41.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | US$ million for Value and Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Organization Size, Service Type, End User, and Region |
| Key Companies Profiled | SS&C Technologies Holdings, Inc. UiPath, Inc. Automation Anywhere, Inc. Nice Ltd. Help Systems, LLC |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global automation COE market is to grow at 41.4% during the forecast period.
The global automation COE market is likely to be valued at US$ 13,300 million by 2034.
The global automation COE market was valued at US$ 400 million in 2023.
The United States market value is projected to reach US$ 2,400 million by 2034.
The United Kingdom is predicted to witness a CAGR of 39.1% through 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Organization Size
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Organization Size, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Organization Size, 2024 to 2034
5.3.1. Large Enterprises
5.3.2. SMEs
5.4. Y-o-Y Growth Trend Analysis By Organization Size, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Organization Size, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Services
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Services, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Services, 2024 to 2034
6.3.1. Technology Assessment & Consulting
6.3.2. Design & Testing
6.3.3. Governance
6.3.4. Implementation Support
6.4. Y-o-Y Growth Trend Analysis By Services, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Services, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Vertical
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Vertical , 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical , 2024 to 2034
7.3.1. BFSI
7.3.2. Healthcare & Life Sciences
7.3.3. Manufacturing
7.3.4. IT & ITES
7.3.5. Retail & Consumer Goods
7.3.6. Transportation & Logistics
7.3.7. Others
7.4. Y-o-Y Growth Trend Analysis By Vertical , 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Vertical , 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Organization Size
9.2.3. By Services
9.2.4. By Vertical
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Organization Size
9.3.3. By Services
9.3.4. By Vertical
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Organization Size
10.2.3. By Services
10.2.4. By Vertical
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Organization Size
10.3.3. By Services
10.3.4. By Vertical
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Organization Size
11.2.3. By Services
11.2.4. By Vertical
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Organization Size
11.3.3. By Services
11.3.4. By Vertical
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Organization Size
12.2.3. By Services
12.2.4. By Vertical
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Organization Size
12.3.3. By Services
12.3.4. By Vertical
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Organization Size
13.2.3. By Services
13.2.4. By Vertical
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Organization Size
13.3.3. By Services
13.3.4. By Vertical
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Organization Size
14.2.3. By Services
14.2.4. By Vertical
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Organization Size
14.3.3. By Services
14.3.4. By Vertical
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Organization Size
15.2.3. By Services
15.2.4. By Vertical
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Organization Size
15.3.3. By Services
15.3.4. By Vertical
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Organization Size
16.1.2.2. By Services
16.1.2.3. By Vertical
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Organization Size
16.2.2.2. By Services
16.2.2.3. By Vertical
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Organization Size
16.3.2.2. By Services
16.3.2.3. By Vertical
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Organization Size
16.4.2.2. By Services
16.4.2.3. By Vertical
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Organization Size
16.5.2.2. By Services
16.5.2.3. By Vertical
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Organization Size
16.6.2.2. By Services
16.6.2.3. By Vertical
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Organization Size
16.7.2.2. By Services
16.7.2.3. By Vertical
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Organization Size
16.8.2.2. By Services
16.8.2.3. By Vertical
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Organization Size
16.9.2.2. By Services
16.9.2.3. By Vertical
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Organization Size
16.10.2.2. By Services
16.10.2.3. By Vertical
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Organization Size
16.11.2.2. By Services
16.11.2.3. By Vertical
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Organization Size
16.12.2.2. By Services
16.12.2.3. By Vertical
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Organization Size
16.13.2.2. By Services
16.13.2.3. By Vertical
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Organization Size
16.14.2.2. By Services
16.14.2.3. By Vertical
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Organization Size
16.15.2.2. By Services
16.15.2.3. By Vertical
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Organization Size
16.16.2.2. By Services
16.16.2.3. By Vertical
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Organization Size
16.17.2.2. By Services
16.17.2.3. By Vertical
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Organization Size
16.18.2.2. By Services
16.18.2.3. By Vertical
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Organization Size
16.19.2.2. By Services
16.19.2.3. By Vertical
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Organization Size
16.20.2.2. By Services
16.20.2.3. By Vertical
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Organization Size
16.21.2.2. By Services
16.21.2.3. By Vertical
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Organization Size
16.22.2.2. By Services
16.22.2.3. By Vertical
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Organization Size
16.23.2.2. By Services
16.23.2.3. By Vertical
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Organization Size
17.3.3. By Services
17.3.4. By Vertical
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. SS&C Technologies Holdings, Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. UiPath, Inc.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Automation Anywhere, Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Nice Ltd.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. HelpSystems, LLC
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Nintex, Inc.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Verint Systems, Inc.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Cigniti Technologies Limited
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Digital Workforce Services Plc
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Fastpath Solutions, LLC
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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