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Allied Market Research

Automation Lifecycle Services Market by Component (Software and Services), Software Type (Cloud-based and Web-based), Enterprise Size (Large Enterprises and Small & Medium Enterprises), Application (System Design & Simulation, Functional Safety, OT Network Infrastructure, and Digital Plant), and End User (BFSI, IT & Telecom, Media & Entertainment, Retail, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

A12273
Pages: NA
Sep 2021 | 51 Views
   
Author(s) : Vineet Kumar
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COVID-19

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Automation Lifecycle Services Market Statistics - 2030

Automated lifecycle management services refer to the people, tools, and processes that manage the life cycle of an application from origination to end of life. It is made up of several discipline categorized under waterfall development model and provides various features which include project management, software development, testing & assurance, deployment, and maintenance. In addition, automated lifecycle management services support the development of software, agile, and dev-ops; integrating these developments helps teams to collaborate with the organization more effectively. Furthermore, this service reduces operational cost of the companies and increases both, speed and reliability of task implementation, development, and support. However, cost of investment and loss of flexibility creates a barrier in this emerging market.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Units

  Value ($)

  Segments Covered

Component, Software Type, Enterprise Size, Application, End User and Region.

  Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

  Companies Covered

Siemens AG, ABB Ltd., Emerson Electric Co., Rockwell Automation, Inc., Schneider Electric SE, Honeywell International Inc., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Omron Corporation, Danaher Corporation

 

Impact of COVID-19 on Automation Lifecycle Services Market-

  • The outbreak of COVID-19 virus in December 2019 led to the spread of disease in majority of the countries around the globe with the World Health Organization declaring it a public health emergency. The pandemic has impacted almost every sector and is expected to moderately affect the global automation lifecycle services market.
  • The industries are shifting their workplaces from manual to digital, as per the demands of its end users amid COVID-19 pandemic. Automation in the fields of healthcare, insurance, and financial services creates challenges for the key market players to develop applications. The complexity in this field creates a huge demand in the area of automation to manage the workload of the industry.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The adoption of IT applications by various enterprises, value shift from hardware to software, cyber security as a service, and strengthening digital capabilities through partnership and merger & acquisitions, are positively impacting the service market. In addition to this, the automated lifecycle management services help a company to develop the best effective methods for each stage of the software application process, including research, requirements planning, engineering, design, programming, testing, risk management, defect tracking, and measurement, which are expected to propel the growth of the automation lifecycle services market. However, complexity of application and data threat hampers the growth of the market. Furthermore, adoption of artificial intelligence in the field of lifecycle automation generates a great opportunity in the automation lifecycle market.

Market Trends for Automation Lifecycle Services Market

Cost-effective Services Enable the Significant Growth of the Market

The adoption of automated lifecycle services by enterprises ensures the cost reduction of its services to the end users. The business functions are performed automatically based upon the command given by the company, including the order placement and inventory management. In addition, this software helps to monitor and measure the capabilities of the enterprise, increase in the efficiency and productivity of the businesses. Furthermore, this service provides various other services like logistics management, product management and other business-related functions, which reduce the overall operating cost with less labor force. Hence, these factors are expected to drive growth of the global automation lifecycle services market during the forecast period.

Value Shift from Hardware to Software

The new business model for various companies changed after the pandemic hit various nations. The business processes which were performed using the specific hardware are now performed using automated software. This kind of software reduces the risk of making mistakes in the business application. Furthermore, the software provides various other services such as cyber-security, which is almost the requirement of the current scenario, where the data of the users and the companies need to be protected from the malicious person.

Key Segments Covered

Segments

Subsegments

  Component

  • Software
  • Services

  Software Type

  • Cloud-based
  • Web-based

  Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

  Application

  • System Design & Simulation
  • Functional Safety
  • OT Network Infrastructure
  • Digital Plant

  End User

  • BFSI
  • IT & Telecom
  • Media & Entertainment
  • Retail
  • Healthcare
  • Others

 

Key Benefits of the Report

  • This study presents analytical depiction of the automation lifecycle services market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the growth scenario of the market.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market.

Questions Answered in the Automation Lifecycle Services Market Research Report

  • Which are the leading players active in automation lifecycle services market?
  • What would be the detailed impact of COVID-19 on automation lifecycle services market?
  • What are the current trends that would influence the market in the next few years??
  • What are the driving factors, restraints, and opportunities in the automation lifecycle services market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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