About Digital Process Automation
Digital Process Automation leads to use of digital technology to perform a process or processor that accomplished the workflow. Digital Process Automation market is expected to mark significant growth over forecasted period owing to increasing back-end activities efficiently, providing high retail lending, customer onboarding, customer support and technological advancement. This result in rising popularity of social networking platforms, increasing demand of marketing, sales, production, supply chain and escalating need for high-speed cellular networks, and growing penetration of digitalization may trigger demand and help in industry expansion.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 12.9% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and United Kingdom Players will contribute the maximum growth to Global Digital Process Automation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Appian (United States), DST Systems (United States), OpenText (Canada), K2 (United States), Bizagi (United Kingdom), DXC (United States), Infosys (India), Oracle (United States), Pegasystems (United States) and Tibco (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Software AG (Germany), Cognizant (United States), Mindtree (India), Newgen software (India), Nintex (United States), Ayehu (United States), Integrify (United States) and HelpSystems (United States).
Segmentation Overview
AMA Research has segmented the market of Global Digital Process Automation market by Type (Solution and Service), Application (Banking, Financial Services, and Insurance (BFSI), Manufacturing, IT and Telecommunication, Aerospace and Defense, Healthcare and Retail and Consumer Goods) and Region.
On the basis of geography, the market of Digital Process Automation 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment, the sub-segment i.e. On-demand will boost the Digital Process Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business Function, the sub-segment i.e. Sales Process Automation will boost the Digital Process Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size , the sub-segment i.e. Small- and Medium-sized Enterprises will boost the Digital Process Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Collaboration and Tie Up Of Leading Players and Value Oriented Consumers
Market Growth Drivers:
Increase in Demand for Automation Business Process in Banking and Financial Institutions. and Rapid Adoption of Low Code Automation Platform that Fuelled Up the Market.
Challenges:
Integration with Existing Tools and Systems are Anticipated the Challenge the Market. and Sophisticated Programming In digital process automation Hampers the Global Market.
Restraints:
Data Security and Privacy Hampers the Automation Business Process Market. and Lack of Technical Expertise Associated With in Automation Business Process Market.
Opportunities:
Proliferation of Streamline Business Processes that Leads to Grow the Automation Business Process Market. and Upsurge Demand of Machine Learning and Artificial Intelligence.
Market Leaders and their expansionary development strategies
In August 2023, Microsoft and UiPath entered into partnership integrates UiPath's RPA technology with Microsoft Azure cloud platform, providing seamless automation solutions for enterprise customers.
In October 2023, Pegasystems Pega Infinity 8.8 has launched This latest version of Pega's platform features enhanced AI capabilities and low-code development tools, simplifying process automation for complex workflows.
“According to financial executives international, its provide compliance costs, describes technologies that reduce both the cost of government compliance and the overall cost of doing business, illustrates the impact of adopting such a system, and outlines an implementation plan to reduce costs.”
Key Target Audience
Digital Process Automation Manufacturers, Digital Process Automation Traders, End-Use Market Participants of Different Segments of Digital Process Automation, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.