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Softomotive Named Key Innovator in Automation-as-a-Service Global Forecast to 2022

Blog: softmotive

The Automation-as-a-Service Market – Global Forecast to 2022 issued by MarketsandMarkets recognizes Softomotive as a “Key Innovator” in the field. The research report remarks on the unique concurrent process functionality of Softomotive’s ProcessRobot by stating that not only can ProcessRobot Bots execute any number of processes, but they can do so concurrently. “This unique functionality enables the full utilization of the robots, with underlying hardware resources being the only limit to productivity.” It also highlights ProcessRobot’s built-in integration with the major cognitive services provided by Microsoft, Google, and IBM Watson and further adds that, “Softomotive is quickly expanding its partner base, including major companies, and expanding to new markets.”

The forecast includes high-level market highlights in the field of automation. It predicts that the global automation-as-a-service market is expected to grow from USD 1.80 billion in 2017 to
USD 6.23 billion by 2022, and that North America is expected to have the largest market size during the forecast period. It also adds that, “key factors driving the growth rate are the increasing demand for automation across various business processes and the increasing adoption of cloud technology, which in turn has fueled the demand for effective automation-as-a-service solutions.”

Read the full report here.

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