digital process automation market size

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Global Digital Process Automation Market
Report-Forecast 2023
Global Digital Process Automation Market
Forecast 2023
P a g e 1 Copyright 2017 Market
Research Future.
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Global Digital Process Automation Market
Forecast 2023
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Global Digital Process Automation 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 Market Share
takes care of both these challenges, presenting
business entities with a smoothly functioning
work unit at the minimum possible cost. The
global Global Digital Process Automation 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 Global Digital
Process Automation 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 organizations valuable human
resources to contribute more productively and
more directly to the companys strategic vision.
Day-to-day menial tasks can be handed over to
automation solutions, leaving an organizations
human capital free to produce more creative
work. The low cost of digital process automation
platforms is another key driver for the global
Global Digital Process Automation 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 end- use industries. On the other
hand, lack of technical expertise and issues
concerning data privacy and security are likely
to hold back the global Global Digital Process
Automation Market
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Global Digital Process Automation Market
Forecast 2023 Major Key Players Key players in
the global Global Digital Process Automation
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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Global Digital Process Automation Market
Forecast 2023
Segmentation
The report segments the global Global Digital
Process Automation Market by services, industry
vertical, deployment, organization size, and
region. By services, the Global Digital Process
Automation 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
Global Digital Process Automation Market at
present. However, the retail sector is expected
to exhibit the highest growth rate over the
forecast period. By deployment, the Global
Digital Process Automation Market is segmented
into on-cloud and on-premise deployment. Cloud
solutions are likely to remain the popular option
in the Global Digital Process Automation Market
over the forecast period. By organization size,
the Global Digital Process Automation 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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Global Digital Process Automation 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 markets
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 markets
ground conditions.