Global Digital Process Automation Market, By Component (Solution, Services), Business Function (Sales Process Automation, Supply Chain Automation, Claims Automation, Marketing Automation), Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), Deployment Type (On-premises, Cloud), Industry Vertical (Manufacturing, Retail & Consumer Goods, BFSI, Telecom & IT, Transport & Logistics, Energy & Utility, Media & Entertainment, Healthcare, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Digital Process Automation Market
The digital process automation market is expected to witness market growth at a rate of 13.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the digital process automation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid digitization is escalating the growth of the digital process automation market.
Digital process automation is defined as using digital technology for performing or processing to accomplish a workflow or function. Businesses worldwide depend on business process management (BPM) to improve and manage back-end activities efficiently.
The rise in the demand for automating business processes across various industry verticals acts as one of the major factors driving the growth of the digital process automation market. The increase in automation in business processes such as marketing, sales, production, inventory control, supply chain, IT, and administration and rapid strides made in digital transformation by businesses in various end-use industries accelerate the market growth. The deployment of digital process automation in sectors such as healthcare, energy and utility, media and entertainment, transport and logistics, telecom, IT, and retail and consumer goods, further influence the market.
Additionally, the rise in edge computing going mainstream urbanization and digitization, the surge in investments, and increased adoption of the low-code automation platform positively affect the digital process automation market. Furthermore, integration of ai and machine learning and the rise in demand for streamlining business processes extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, concerns regarding data security and privacy and difficulties with integration with existing systems and tools are expected to obstruct the market growth. Lack of technical expertise is projected to challenge the digital process automation market in the forecast period of 2021-2028.
This digital process automation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital process automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Digital Process Automation Market Scope and Market Size
The digital process automation market is segmented on the basis of service, business function, organization size, deployment type and industry vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service, the digital process automation market is segmented into solution and services.
- On the basis of business function, the digital process automation market is segmented into sales process automation, supply chain automation claims automation and marketing automation.
- On the basis of organization size, the digital process automation market is segmented into small and medium-sized enterprises (SMEs) and large enterprises.
- On the basis of deployment type, the digital process automation market is segmented into on-premises and cloud.
- On the basis of industry vertical, the digital process automation market is segmented into manufacturing, retail & consumer goods, BFSI, telecom & IT, transport & logistics, energy & utility, media & entertainment, healthcare, and others.
Global Digital Process Automation Market Country Level Analysis
The digital process automation market is analyzed and market size, volume information is provided by country, service, business function, organization size, deployment type and industry vertical as referenced above.
The countries covered in the global digital process automation market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the digital process automation market due to the increased demand for advanced sensing technology within the region. Asia-Pacific is expected to witness the highest growth during the forecast period of 2021 to 2028 because of the growing demand from developing economies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Process Automation Market Share Analysis
The digital process automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital process automation market.
The major players covered in the digital process automation market report are SYMPHONY, HCL Technologies Limited, Pegasystems Inc., Virtual Operations Ltd, Atos Syntel Inc., Happiest Minds, Cognizant, Tech Mahindra Limited., Blue Prism Limited., Xerox Corporation., Wipro Limited, CGI Inc., Infosys Limited, ExlService Holdings, Inc., AVASANT AND AFFILIATED COMPANIES, Accenture., UiPath., Genpact, Tata Consultancy Services Limited., and Capgemini among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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