Global Business Process Automation Market: Overview
Business automation is a process of alignment of different tasks in the organization with modern applications to maintain the smooth working of the enterprises. Business process automation utilizes technology to automate the daily iterative tasks. It also accelerates the work by effectively communicating important information at the right time to the concerned person through user-defined workflow actions and rules. It also helps the organizations streamline various processes like employee onboarding, contract management, accounts payable, and others.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global Business Process Automation Market: Growth Factors
The ability to achieve higher productivity with the help of business process automation solutions is the primary factor boosting the growth of the global business process automation market. Such solutions are cost-effective and also improve the cross-end relationship, which in turn further improves organizational productivity. Moreover, it lowers the wastage and offers real-time information along with data transfer that further helps to make the right strategy at the right time to deal with the arising problems. It reduces the business downtime and replication, thus resulting in overall cost reduction in the business organization. Moreover, the adoption of advanced technologies like big data and the internet of things (IoT) is likely to further propel the growth of the global business process automation market during the forecast period. The adoption of these technologies in high-end business processes enables various devices to interconnect with each other and hence it poses an extensive need for business process automation solutions to manage all the devices.
Global Business Process Automation Market: Segmentation
The global business process automation market can be segmented into end-user, organization size, deployment type, business function, services, component, and region.
By end-user, the market can be segmented into healthcare, retail & consumer goods, telecommunication, IT, manufacturing, BFSI, and others.
By organization size, the market can be segmented into large and small & medium enterprises. By deployment, the market can be segmented into on-premise and cloud. The on-premise segment accounts for the largest share in the global business process automation market. Software is installed and operated in all the on-premise delivery models and operated from the in-house server and computing infrastructure of the customers. This approach is highly preferred by customers for the application that needs processing of confidential and sensitive data. Large enterprises all across the globe deploy on-premise business process automation solutions due to the security concerns associated with the confidential data.
By business function, the market can be segmented into customer service support automation, accounting & finance automation, sales & marketing automation, supply chain automation, human resource optimization, and others.
By services, the market can be segmented into support & maintenance, deployment & integration, and consulting. The maintenance & support service segment holds the largest share in the global business process automation market owing to the fact that they provide a single point of contact for resolving several issues of the customers. Technical tips, customer forums, customer portals, and software updates are some helping assets that are made available to the users. The maintenance and support devices ensure constant customer satisfaction along with enhanced concentration on up-skilling their product knowledge base by absorbing the feedback through surveys and interviews.
By component, the market can be segmented into services and platforms.
Global Business Process Automation Market: Regional analysis
North America accounts for the largest share in the global business process automation market due to the high adoption rate of such solutions in the region. Moreover, the growing digital awareness among users along with growing spending on IT infrastructures in all sized organizations is further likely to promulgate the growth of the regional market in the forthcoming years.
Global Business Process Automation Market: Competitive Players
Some of the significant players in the global business process automation market are Cortex, Quickbase, Automation Hero, AgilePoint, AuraQuantic, FlowForma, Kofax, Bonitasoft, Newgen Software, DXC Technology, Genpact, Creatio, TIBCO, OpenText, Bizagi, Microsoft, Salesforce, Software AG, Oracle, Nintex, Laserfiche, Kissflow, Appian, Pegasystems, and IBM.
Global Business Process Automation Market: Regional Segment Analysis
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The ability to achieve higher productivity with the help of business process automation solutions is the primary factor boosting the growth of the global business process automation market. Such solutions are cost-effective and also improve the cross-end relationship, which in turn further improves organizational productivity. Moreover, it lowers the wastage and offers real-time information along with data transfer that further helps to make the right strategy at the right time to deal with the arising problems.
Some of the significant players in the global business process automation market are Cortex, Quickbase, Automation Hero, AgilePoint, AuraQuantic, FlowForma, Kofax, Bonitasoft, Newgen Software, DXC Technology, Genpact, Creatio, TIBCO, OpenText, Bizagi, Microsoft, Salesforce, Software AG, Oracle, Nintex, Laserfiche, Kissflow, Appian, Pegasystems, and IBM.
North America accounts for the largest share in the global business process automation market due to the high adoption rate of such solutions in the region. Moreover, the growing digital awareness among users along with growing spending on IT infrastructures in all sized organizations is further likely to promulgate the growth of the regional market in the forthcoming years.
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