Global Digital Process Automation Market

Global Digital Process Automation Market Size, Share, Growth Analysis, By Component(Solution, Services), By Deployment(Sales process automation, Supply chain automation), By Enterprise size(Large enterprises, Small and Medium-size enterprises), By Industry vertical(BFSI, consumer goods and retail) - Industry Forecast 2024-2031

Report ID: SQMIG45F2130 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 119 | Figures: 72

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Global Digital Process Automation Market size was valued at USD 12.40 billion in 2021 and is poised to grow from USD 13.96 billion in 2022 to USD 36.07 billion by 2030, growing at a CAGR of 12.6% in the forecast period (2023-2030).

The competitive environment of the global Digital Process Automation market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'IBM Corporation', 'Appian Corporation', 'Pegasystems Inc.', 'Microsoft Corporation', 'UiPath Inc.', 'Automation Anywhere', 'Red Hat Inc.', 'Bizagi', 'K2', 'Nintex', 'AgilePoint Inc.', 'Blue Prism', 'BP Logix', 'ServiceNow Inc.', 'Cognizant'

Digital process automation serves as a catalyst for organizational transformation, revolutionizing operational methodologies by streamlining workflows that drive essential business initiatives. Through its suite of solutions and services, it empowers organizations to expedite the development and implementation of cutting-edge applications or solutions without the necessity for fresh lines of code. The integration of low-code development bridges the gap between business objectives and IT capabilities, facilitating the swift creation of customer-centric applications in a collaborative environment.

Acknowledging the imperative for innovation and recognizing the constraints of prevailing technologies, organizations across diverse sizes, structures, and business models are increasingly adopting digital process automation solutions. This transformative approach has enabled companies to seize fresh opportunities, broadening their array of products and services while consolidating multiple solutions onto a unified platform. Leveraging robotic process automation bolstered by the foundation of AI and machine learning grants organizations a formidable competitive advantage. This integration leads to the elimination of manual tasks, reduction in staffing expenses, and mitigation of human errors, thereby optimizing operational efficiency and enhancing overall productivity.

North America is poised to take the lead as the primary revenue contributor in the digital process automation (DPA) market during the forecast period. This region encompasses technologically advanced countries such as the United States and Canada, renowned for their technological prowess on a global scale. The burgeoning market growth in North America is propelled by the pervasive adoption of digital technologies and a pressing need for process automation aimed at enhancing operational efficiency and curbing expenses.

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