What is Process Automation Software Market Scope?
Process automation is a software tool that uses technology to automate, execute and streamline processes that are otherwise carried out by manual means. While establishing a workflow, a process has to be defined by the system in order for the system to achieve the desired output.
Influencing Trend:
AI-Driven Technologies Such As Machine Learning and Predictive Analytics Will Facilitate the Rapid Adoption of A Data-First Culture In Organizations and Robotic Process Automation Will Integrate Closely With BPA Technologies to Execute Complex Workflows
Market Growth Drivers:
Businesses across the Globe Are Transforming Into a Dynamic Digital Environment, The Rising Demand for the Business Process Automation and The Growing Demand from the Various End User Industries
Restraints:
Security Threats May Hamper the Growth
Opportunities:
The Growing Demand from the Developing Countries and Industry 4.0 Is Expected to Open Lucrative Opportunities for the Market
The Process Automation Software market study is being classified by Type (Business Process Management Software, Digital Process Automation (DPA) Software, Process Mining Software and Robotic Process Automation (RPA) Software), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Process Automation Software market throughout the predicted period.
Pegasystems (US), Appian (US), IBM (US), Oracle (US), Software AG (Germany), Nintex (US), OpenText (Canada), Newgen Software (India), Genpact (US), TIBCO (US), Bizagi (UK), ProcessMaker (US), Creatio (US), AgilePoint (US), BP Logix (US), K2 (US), Bonitasoft (France), Kissflow (India), Kofax (US) and AuraPortal (US) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Process Automation Software market by Type, Application and Region.
On the basis of geography, the market of Process Automation Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 11 Feb 2020, Laserfiche, the leading global provider of intelligent content management and business process automation announced the availability of workflow bots, new features that allow organizations to take advantage of expanded robotic process automation (RPA) capabilities in the Laserfiche platform. Laserfiche workflow bots offer a no-code solution to automating repeatable clicks and data entry actions across applications, key for organizations looking to build more complete, end-to-end solutions.
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 Oktas fiscal first quarter, subject to the satisfaction of certain closing conditions.
Key Target Audience
Process Automation Software Providers, Potential Technology Investors, Regulatory & Government Bodies, End Users and Others
Process Automation Software Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Process Automation Software Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Process Automation Software industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.