Product Code: ETC4394425 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India automation coe market import shipment demonstrated a steady expansion with a CAGR of 10.5% from 2020 to 2024. Notably, the growth rate accelerated by 14.8% between 2023 and 2024, indicating a strong positive momentum and sustained upward trend in market demand.
The India Automation COE (Center of Excellence) market is gaining prominence as businesses embark on digital transformation journeys. Automation COEs are established to drive the adoption of automation technologies and best practices within organizations. As automation becomes a core element of operational efficiency and competitiveness, the market for Automation COEs is poised for growth, assisting companies in harnessing the full potential of automation technologies.
The India Automation Center of Excellence (COE) Market is being propelled by organizations` commitment to automation and process improvement. COEs are established to drive automation initiatives across businesses, ensuring efficiency and cost reduction. In a rapidly changing business landscape, the need for structured automation strategies and governance is critical, making COEs a pivotal force for successful automation implementations.
Setting up and running an Automation Center of Excellence (CoE) in India can be challenging due to resistance to change in traditional business processes. Managing expectations, defining clear goals, and aligning automation with business objectives is often difficult. Organizations may also struggle with choosing the right automation tools and integrating them effectively into existing workflows.
The COVID-19 pandemic underscored the importance of automation in business processes, leading to increased adoption and relevance of the India Automation COE Market. As organizations sought ways to enhance efficiency and reduce manual interventions, they established Centers of Excellence (COEs) focused on automation. These COEs played a pivotal role in identifying automation opportunities, implementing robotic process automation (RPA), and driving digital transformation. The market is poised for further growth as automation becomes a strategic imperative for India businesses.
In the India Automation COE (Center of Excellence) market, significant players like Infosys, Tata Consultancy Services (TCS), Wipro, and HCL Technologies are pivotal in providing automation center of excellence services to help businesses effectively implement and manage automation solutions, driving operational efficiency and innovation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automation COE Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automation COE Market Revenues & Volume, 2021 & 2031F |
3.3 India Automation COE Market - Industry Life Cycle |
3.4 India Automation COE Market - Porter's Five Forces |
3.5 India Automation COE Market Revenues & Volume Share, By Service , 2021 & 2031F |
3.6 India Automation COE Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
3.7 India Automation COE Market Revenues & Volume Share, By Organization Size , 2021 & 2031F |
4 India Automation COE Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for operational efficiency and cost reduction in Indian businesses |
4.2.2 Rising adoption of digital transformation strategies by organizations in India |
4.2.3 Government initiatives promoting automation and Industry 4.0 technologies in the country |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up automation centers of excellence (CoE) |
4.3.2 Lack of skilled professionals in automation technologies in the Indian market |
4.3.3 Resistance to change from traditional manual processes in some industries |
5 India Automation COE Market Trends |
6 India Automation COE Market, By Types |
6.1 India Automation COE Market, By Service |
6.1.1 Overview and Analysis |
6.1.2 India Automation COE Market Revenues & Volume, By Service , 2021-2031F |
6.1.3 India Automation COE Market Revenues & Volume, By Implementation Support, 2021-2031F |
6.1.4 India Automation COE Market Revenues & Volume, By Governance, 2021-2031F |
6.1.5 India Automation COE Market Revenues & Volume, By Design & Testing, 2021-2031F |
6.2 India Automation COE Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 India Automation COE Market Revenues & Volume, By BFSI, 2021-2031F |
6.2.3 India Automation COE Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.2.4 India Automation COE Market Revenues & Volume, By Healthcare & Life Sciences, 2021-2031F |
6.3 India Automation COE Market, By Organization Size |
6.3.1 Overview and Analysis |
6.3.2 India Automation COE Market Revenues & Volume, By SMEs, 2021-2031F |
6.3.3 India Automation COE Market Revenues & Volume, By Large Enterprises, 2021-2031F |
7 India Automation COE Market Import-Export Trade Statistics |
7.1 India Automation COE Market Export to Major Countries |
7.2 India Automation COE Market Imports from Major Countries |
8 India Automation COE Market Key Performance Indicators |
8.1 Average time to implement automation solutions within organizations |
8.2 Percentage increase in the number of organizations establishing automation CoEs in India |
8.3 Percentage growth in the adoption of automation technologies and tools in different sectors |
9 India Automation COE Market - Opportunity Assessment |
9.1 India Automation COE Market Opportunity Assessment, By Service , 2021 & 2031F |
9.2 India Automation COE Market Opportunity Assessment, By Vertical , 2021 & 2031F |
9.3 India Automation COE Market Opportunity Assessment, By Organization Size , 2021 & 2031F |
10 India Automation COE Market - Competitive Landscape |
10.1 India Automation COE Market Revenue Share, By Companies, 2024 |
10.2 India Automation COE Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |