Process Automation Software: 3 Growth Factors Market Participants Should Consider

Process Automation Software Market Latest Edition Published with Forecast to 2028


According to the report, AI-Driven Technologies Such As Machine Learning and Predictive Analytics Will Facilitate the Rapid Adoption of A Data-First Culture In Organizations is one of the primary growth factors for the market. Businesses across the Globe Are Transforming Into a Dynamic Digital Environment is also expected to contribute significantly to the Process Automation Software market. Overall, applications of Process Automation Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Deployment Mode, such as Cloud-Based, is boosting the Process Automation Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Organization Size, such as Small & Medium Size Enterprises, is boosting the Process Automation Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Industry Vertical, such as BFSI, is boosting the Process Automation Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Process Automation Software market identified that the demand is rising in many different parts of the world as "The Growing Demand from the Developing Countries ". Furthermore, some recent industry insights like "On 20 May 2019, Kissflow, a leader in business process and workflow management software announced its expansion into the digital workplace segment with a first-of-its-kind platform for fast-scaling enterprises. Kissflow Digital Workplace combines the power of project management, process automation and team collaboration to streamline business workflows and enterprise productivity. and On 7 March 2019, Okta, Inc. announced it has entered into a definitive agreement to acquire Azuqua, a leader in no-code, cloud-based business application integration and workflow automation. Together, Okta and Azuqua will provide organizations with a neutral, independent control center for automating the business processes and the flow of identities between applications and services for everyone in an organization— from employees to partners, and customers. The proposed acquisition is expected to close during Okta’s fiscal first quarter, subject to the satisfaction of certain closing conditions." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Process Automation Software market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Process Automation Software market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager