digital process automation software market

digital process automation software market Forecast 2023
digital process automation
software market Report-
Forecast 2023

digital process automation software market
Forecast 2023
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digital process automation software market Forecast 2023
Summary
Digital process automation refers to the process of replacing redundant human
workforce with digital automation solutions that can take on the task of running a
given workflow smoothly. Automation has become the need of the hour in the business
world due to the need to get things done quickly as well as the need to ensure minimal
errors in the workflow. digital process automation software market takes care of
both these challenges, presenting business entities with a smoothly functioning work
unit at the minimum possible cost. The global digital process automation software
market is expected to exhibit a stellar 15% CAGR over the 2017-2023 forecast
period, growing from USD 6 billion in 2017 to USD 14 billion by 2023.
The major driver for the global digital process automation software market is the
rising demand for automation in enterprises. All over the world, enterprises are
realizing the benefits of automation to their workflow and are thus going after
automation solutions. Automation solutions can free up an organization’s valuable
human resources to contribute more productively and more directly to the company’s
strategic vision. Day-to-day menial tasks can be handed over to automation solutions,
leaving an organization’s human capital free to produce more creative work.
The low cost of digital process automation platforms is another key driver for the
global digital process automation software market. The low cost of software platforms
has made it possible for companies to tackle their core functionalities with maximum
efficiency. This has made automation solutions highly popular in a wide range of enduse
industries.
On the other hand, lack of technical expertise and issues concerning data privacy and
security are likely to hold back the global digital process automation software market
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digital process automation software market Forecast 2023
Major Key Players:
Key players in the global digital process automation software market are IBM, Oracle,
Pegasystems, Appian, Software AG, DST Systems, Opentext Corporation, Dxc
Technology, Infosys, Cognizant, Mindtree, Newgen Software, Tibco Software, Bizagi,
Nintex, Ayehu Software Technologies, Integrify, Helpsystems, and Innov8tif.
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digital process automation software market
Forecast 2023
Segmentation:
The report segments the global digital process automation software market by
services, industry vertical, deployment, organization size, and region.
By services, the digital process automation software market is segmented into
professional and managed services. Of these, professional services are the dominant
segment and are likely to retain the title over the forecast period with the highest
growth rate.
By industry vertical, the market is segmented into BFSI, consumer electronics, retail,
manufacturing, healthcare, and transportation. Of these, the manufacturing sector
holds the largest share in the global digital process automation software market at
present. However, the retail sector is expected to exhibit the highest growth rate over
the forecast period.
By deployment, the digital process automation software market is segmented into oncloud
and on-premise deployment. Cloud solutions are likely to remain the popular
option in the digital process automation software market over the forecast period.
By organization size, the digital process automation software market is bifurcated
into large enterprises and small and midsized enterprises (SMEs). Of these, large
enterprises are the dominant segment at present. However, as more small and
midsized enterprises learn about the benefits of digital process automation, they are
likely to adopt it in high volume, leading to a higher growth rate for the segment over
the forecast period.
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digital process automation software market Forecast 2023
Regional Analysis:
Every effort is made to ensure the use of correct data at Market Research Future.
Primary interviews are conducted with leading industry entities and supplemented by
secondary research in order to deliver a comprehensive picture of the market’s trends
and dynamics. We adhere to a carefully developed set of standards in order to
maintain a high standard in delivering a complete picture of the market. The market
is estimated top to bottom with the help of credible resources, in order to ensure
consistency with the market’s ground conditions.
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