Digital Process Automation Market by Component (Solution and Services), Deployment Mode (On-Premise and Cloud), Organization Size (Large Enterprises and Small & Medium Enterprises), Industry Vertical (BFSI, Retail & E-Commerce, Manufacturing, Government & Defense, Energy & Utilities, IT & Telecom, Education, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
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Mar 2020 |
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Digital Process Automation Market Outlook-2026
Digital process automation is a part of Business Process Management (BPM), which refers to a process of replacing human workforce with digital automation solutions that can take on the task of running a given workflow smoothly. It is basically the main part of BPM which is used to optimize any organization’s practices and processes and helps different teams to focus on a specific task. Automation has become the most important part of the business world due to the need to get things done quickly with minimal errors in the workflow. Digital process automation takes care of both challenges, presenting business entities with a smoothly functioning work unit at the minimum possible cost. the rapid increase in automation has been witnessed in various business processes such as production, IT & administration, marketing, inventory control, sales, and supply chain. Companies are realizing the need for automating business processes for promoting end-to-end customer experience, with an aim to retain customers, this acts as the key factor for the global digital process automation market growth.
Increase in the adoption for low-code automation platform and surge in the demand for business process automating are the major factors that drive the growth of the digital process automation market. In addition, rise in the use of digital process automation in cost-effectively managing business requirements and increase in cloud-based digital process automation solutions and services fuels the growth of the market. However, difficult integration with existing systems and tools, data security, and privacy concerns as well as lack of technical expertise hampers the growth of the market. Furthermore, increase in the adoption of new technologies like AI and machine learning is anticipated to create major opportunities for the growth of the global digital process automation market.
The digital process automation market is segmented into component, deployment mode, organization size, industry vertical, and region. In terms of component, the market is segmented into solution and services. By deployment mode, it is bifurcated into on-premise and cloud. As per organisation size, it is divided into large enterprises and small & medium enterprises. As per industry vertical, the digital process automation market is categorized into BFSI, retail & e-commerce, manufacturing, government & defence, energy & utilities, IT & telecom, education, healthcare, and others. Based on region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global digital process automation market trends and future estimations to elucidate the imminent investment pockets.
- Information about the key drivers, restraints, and opportunities and their impact analysis on the digital process automation market share is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global digital process automation industry.
- The quantitative analysis of the market industry from 2019 to 2026 is provided to determine the digital process automation market potential.
DIGITAL PROCESS AUTOMATION MARKET KEY MARKET SEGMENTS
By Component
- Solution
- Services
By Deployment Mode
- On-Premise
- Cloud
By Organization Size
- Large Enterprises
- Small and Medium Enterprises
By Industry Vertical
- BFSI
- Retail & E-commerce
- Manufacturing
- Government & Defence
- Energy & Utilities
- IT and Telecom
- Education
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- IBM Corporation
- Pegasystems Inc.
- Appian Corporation
- Oracle Corporation
- Software AG
- DST Systems Inc.
- OpenText Corporation
- Newgen Software Technologies Ltd.
- TIBCO Software Inc.
- Bizagi Group Limited
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