digital process automation software market

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digital process automation software market
Report-Forecast 2023
digital process automation software market
Forecast 2023
P a g e 1 Copyright 2017 Market
Research Future.
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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
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 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 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 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 on-cloud 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 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.