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

High Tech, Enterprise & Consumer IT	A06015	Pages: NA	Jan 2020 \| 103 Views
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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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