The global digital process automation (DPA) market is growing rapidly. The market growth attributes to the rising adoption of automation and digitization across the end-use industries. Besides, increasing demand for digital process automation tools in BFSI, consumer electronics, manufacturing, retail, healthcare, and transportation sectors, substantiate market growth. Moreover, the growing need for digital transformations of businesses escalates the market demand.
According to Market Research Future (MRFR), The
digital process automation market is expected to exhibit a stellar 9.30% CAGR
over the 2022-2030 forecast period and will reach USD 18.5 billion by 2030.
Today, the operations of any business are complex. It is essential to adapt to
new technologies to improve their workflow. Automation can help in higher
productivity and efficiency in any industry. Also, the risks and errors are less
with the adoption of automation.
Digital process automation (DPA) software
efficiently responds to the need to get things done quickly and ensure minimal
errors in the workflow, presenting business entities with solutions to smoothen
functions of working units at the minimum possible cost. Additionally, the
rising awareness for the benefits of digitalized automation in workflow
increases the adoption of automation solutions. The rapid adoption of
cloud-based services and advanced algorithms deployment in BFSI and retail
& manufacturing sectors drive the digital process automation industry.
Conversely, the lack of technical expertise and
issues concerning data privacy & security is a major factor projected to
impede the market growth. Nevertheless, increasing implementations of DPA
solutions at workspaces would support market growth throughout the assessment
period. Also, the growing competition in businesses and emphasis on business
intelligence would propel market growth.
Major Players:
Players leading the digital process automation
market Oracle, IBM, Pegasystems, Software AG, Appian, DST Systems, Dxc
Technology, Opentext Corporation, Infosys, Mindtree, Cognizant, Newgen
Software, Bizagi, Tibco Software, Nintex, Integrify, Ayehu Software
Technologies, Helpsystems, and Innov8tif, among others.
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Digital Process Automation Market - Segments
The report is segmented into five dynamics;
By
Services : Professional and
Managed Services.
By
Industry Vertical : BFSI, Consumer
Electronics, Manufacturing, Retail, Healthcare, Transportation, and others.
By
Deployment : On-cloud and
On-premise.
By
Organization Size : Small-to-Mid-size
Enterprises and Large Enterprises.
By Regions :
Americas,
Europe, Asia Pacific, and the Rest-of-the-World.
Industry/Innovation/Related News:
October 06, 2020 ---- FlowForma (the US), a leading provider of Digital
Process Automation (DPA) Software, announced its partnership with Pontem
Innovations (Canada) to accelerate digital process automation across North
America. Pontem Innovations empowers organizations to make data-driven
decisions through data analytics, visualizations, and process automation.
FlowForma provides process automation tools for
Microsoft Office® 365. Pontem Innovations sought the FlowForma Process
Automation tool's services as a solution for its clients to automate processes
with speed and agility. The partnership would help FlowForma to strengthen its
process automation offerings further
Global Digital Process Automation Market - Regional Analysis
North America dominates the global digital process
automation market. The largest market share attributes to the strong presence
of notable players and well-established development centers, allowing the early
adoption of advanced technologies and digital transformation. Besides,
increasing R&D investments to develop automation technologies and services
drive the growth of the regional market.
Moreover, the increasing adoption of digital
automation process across the end-user industries boosts the regional market
growth. The digital process automation market in North America is projected to
retain its dominance throughout the forecast period.
Europe stands second in the global digital process
automation market. The market rise attributes to the presence of many notable
service providers and large deployments of automation platforms. Additionally,
the rising numbers of SMEs and large enterprises act as a major tailwind for
the growth of the regional market.
The high adoption of digital process automation
tools pushes the development of the regional market. The European digital
process automation market is predicted to create a substantial revenue pocket
during the assessment period.
The digital process automation market in the Asia
Pacific region is growing rapidly. Factors such as the proliferation of
digitization in businesses drive the growth of the regional market. The rising
adoption of robotic process automation and cloud deployment of DPA software in
large and SMEs to enhance operational performance, influence the growth of the
regional market.
Augmenting demand for automation tools from
increasing numbers of retailers and businesses acts as a major tailwind for the
regional market growth. Substantial investments made by key players for the
improvements in services positively impact the growth of the regional market.
India and China are major markets for digital process automation (DPA) software
in the region. The APAC digital process automation market is expected to grow
at a significant rate during the forecast period.
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Digital Process Automation Market - Competitive Analysis
Highly competitive, the digital process automation
market appears fragmented due to the presence of several well-established
players. Mergers & acquisitions, innovation, and brand reinforcement remain
prevailing key trends for the leading players as these strategies support their
growth and expansion plans. They deliver reliable, leading-edge products and
services. For which they invest substantially in R&D to develop adept
technologies and products.
.
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1. Executive Summary
2. Scope Of The Report
2.1. Market
Definition
2.2. Scope Of The
Study
2.2.1. Research
Objectives
2.2.2. Assumptions
& Limitations
2.3. Market Structure
3. Market Research Methodology
3.1. Research Process
3.2. Secondary
Research
3.3. Primary Research
3.4. Forecast Model
4. Market Landscape
4.1. Porter’s Five
Forces Analysis
4.1.1. Threat Of New
Entrants
4.1.2. Bargaining
Power Of Buyers
4.1.3. Threat Of
Substitutes
4.1.4. Rivalry
4.1.5. Bargaining
Power Of Suppliers
4.2. Value
Chain/Supply Chain Of Global Digital Process Automation Market
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