USD 12.40 billion
Report ID:
SQMIG45F2130 |
Region:
Global |
Published Date: July, 2027
Pages:
197
|Tables:
119
|Figures:
72
Digital Process Automation Market size was valued at USD 13.96 billion in 2022 and is poised to grow from USD 15.72 billion in 2023 to USD 40.62 billion by 2031, growing at a CAGR of 12.6% in the forecast period (2024-2031).
The digital process automation market is positioned for substantial growth, driven primarily by the increasing demand for automation and the widespread adoption of low code automation platforms. However, this expansion is not without challenges. The market grapples with compatibility issues related to existing business process applications and services, which pose obstacles to seamless integration.
A notable inhibiting factor is the concern about data security and privacy, especially given that process automation involves handling sensitive personal data. Despite these challenges, numerous opportunities are present in this landscape. There is a growing need to streamline business processes, creating a conducive environment for innovation. Furthermore, the integration of Artificial Intelligence (AI) and Machine Learning (ML) stands as a promising avenue, providing opportunities to enhance automation capabilities and efficiency within the market.
Global Market Size
USD 12.40 billion
Largest Segment
Service
Fastest Growth
Service
Growth Rate
12.6% CAGR
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The digital process automation market is segmented based on component, business function, enterprise size, deployment, industry vertical and region. Based on component, the market is segmented into Solution, and Services (Professional Services [Advisory Services, Implementation Services, Support Services], Managed Services). Based on business function, the market is segmented into sales process automation, supply chain automation, claims automation, and marketing automation. Based on enterprise size, the market is segmented into large enterprises, and SMEs. Based on deployment, the market is segmented into cloud and on-premises. Based on industry vertical, the market is segmented as BFSI, consumer goods & retail, energy & utilities, media & entertainment, IT & telecom, manufacturing, transport & logistics, healthcare, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Analysis by Enterprise Size
Based on our research, the large enterprise emerged as the largest sub-segment in the context of the Global Digital Process Automation Market. These enterprises have been found to be the key markets for digital process automation because of their large IT spending and increasing focus on improving business performance. The increased need to adapt to the new forms of work during the COVID-19 outbreak as well as the general trend towards utilizing digital technologies for improving business performance have also contributed to the capturing of large enterprises by automation technologies. Furthermore, the growing intricacy of operations and the global necessity of the integrated application of sophisticated automation solutions across various business sectors are forcing giant enterprises to seek for better results.
On the other hand, the sub-segment of SMEs is the most rapidly developing one in the Global Digital Process Automation Market. SMEs are gradually engaging more in digital process automation since it is now evident that such processes results in cost reduction, increased efficiency and better customer satisfaction. Cloud computing is on the rise and there are ever increasing number of resources and cheap and effective automation tools that are available in the market which helps SMEs in implementing it. In the same respect, the competition for better agility and responsiveness is compelling SMEs to adopt digital process automation at a very high rate for them to compete with the large firms in the market.
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During the forecast period, North America is poised to assert its dominance within the Digital Process Automation (DPA) market, particularly in phrases of revenue generation and the importance of strategic making plans now not in the place of job.
At the same time, Asia Pacific has emerged as the second quickest developing market within the international, specifically in Digital Process Automation (DPA) This upward trend is because of several essential elements, together with the increasing adoption of virtual technologies, growing call for cloud-based solutions and complex desires for procedure automation.
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Drivers
Increasing Adoption of the Low-code Automation Platform
Digital system automation stands as a catalyst for profound organizational change, reshaping enterprise strategies via optimizing enterprise methods to supply a broader variety of products and services that provide vital enterprise capability, empowering businesses in the event that they build and implement them it innovates a new utility or solution faster, all with much less code obtained without having to feature additional lines of code. Integrating sustainability is proving to be an important component in bridging the space between business objectives and IT abilities, making it easier to construct purchaser-centric programs faster in a collaborative design and development environment within the field.
Restraints
Insufficient Technical Knowledge
In nowadays business surroundings, groups use state-of-the-art technologies together with superior analytics and business intranets, requiring high tiers of technical information for successful making plans. Similarly, scheduling the mission can produce loads of complicated effects relying on the form of automation used and its negative aspects. These capabilities are essential to live abreast of the modern-day techniques and solutions regularly occurring within industry. By developing technological information and research, companies make sure that they can navigate the complexity of automation, adapt to the evolving surroundings, and gain the most advantages of simplified methods for their companies.
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The competitive landscape within the Digital Process Automation market is dynamic, marked by a combination of well-established brands, emerging players, and niche producers. Innovation stands out as a crucial competitive factor, prompting leading brands to allocate resources to research and development. This investment aims to introduce new flavors, packaging formats, and health-focused variations to address evolving consumer preferences.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Digital Process Automation marketplace analysis exhibits a dynamic marketplace with some standout developments and problems. Prioritizing business efficiencies and streamlining commercial enterprise approaches remain key desires for go-useful agencies. By automating and streamlining manual, repetitive duties, groups can obtain vast discounts in mistakes, get rid of bottlenecks, and boom the general efficiency in their systems This digital management procedure this function in automation no longer handiest guarantees accuracy and performance however additionally positions agencies to manage the complexities of these days’s commercial enterprise environment in fast and efficient.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 13.96 billion |
Market size value in 2031 | USD 40.62 billion |
Growth Rate | 12.6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Digital Process Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Digital Process Automation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Digital Process Automation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Digital Process Automation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45F2130