According to a new report published by UnivDatos, the Digital Process Automation Market is expected to grow at a CAGR of around 12% from 2022-2028. The analysis has been segmented into Component (Solutions and Services); Deployment Type (On-premises and Cloud); Organization Size (Large Enterprises and SMEs); Industry (Banking and Financial Services, Manufacturing, Information and Communication Technology, Aerospace and Defense, Healthcare, and Others); Region/Country.

The digital process automation market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the digital process automation market. The digital process automation market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the digital process automation market at the global and regional levels.

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Market Overview

The goal of digital process automation is to eliminate human intervention in business processes, freeing up employees to focus on higher value-added tasks. Key principles of digital process automation include maintaining transparency about processes, automating customer tasks, triggering notifications and reminders, and creating an atmosphere of collaboration. Many companies take the approach that they can reduce costs by simplifying work processes. With digital process automation, businesses can get their products to customers faster and deliver the same customer service experience with less employee effort. As a result, businesses can offer the same or better type of service at a lower cost. Furthermore, the expanding volume and variety of business data, and the increasing need for automation across industries are the main factors driving the growth of the digital process automation market. In addition, factors such as the increased adoption of IoT and the growing opportunities for automation across various industries are further contributing to the growth of the market. For instance, according to the United States Bureau of Labor Statistics, about 60% of occupations have at least 30% of their activities that are automatable.

COVID-19 Impact

Digital process automation experienced growth after the outbreak of the COVID-19 pandemic. The government took lockdown measures to control the spread of disease. During the COVID-19 pandemic, businesses around the world have gone digital and automation has been integrated into most businesses. All these aspects boosted the growth of the market.

The global digital process automation market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·       On the basis of deployment type, the market is bifurcated into on-premises and cloud. Among these, the on-premises segment captured a commendable share of the global digital process automation market in 2020 owing to the high preference for this type of deployment to keep confidential data in-house rather than turning it over to a cloud provider. In addition, on-premises solutions enable hands-on ownership and control of security monitoring, providing a flexible and adaptable security program.

·       Based on organization size, the market is divided into large enterprises and SMEs. Large enterprises held a prominent share of the market. One of the key drivers is the need for large enterprises to rapidly automate processes during their digital transformation. Large enterprises are now focused on digitizing their operations to become more customer-centric and responsive, both in how they respond to changing customer demands and how they bring new products to market.

Digital Process Automation Market Geographical Segmentation Includes:

·       North America (The United States, Canada, and the Rest of North America)

·       Europe (Germany, The United Kingdom, France, Italy, Spain, and the Rest of Europe)

·       Asia-Pacific (China, India, Japan, and the Rest of Asia-Pacific)

·       Rest of the World

The Asia-Pacific digital process automation market is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the large-scale optimization of IT infrastructure, strong government initiatives, and ongoing projects. Moreover, improved technology, streamlined global supply chains, and the emergence of international logistics networks are other factors helping the Asia-Pacific digital process automation market grow rapidly.

The major players targeting the market include

·       IBM

·       Appian

·       Open Text Corporation

·       Bizagi

·       DXC Technology Company

·       Infosys Limited

·       Oracle

·       Pegasystems Inc.

·       Cloud Software Group, Inc

·       Software AG

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Digital Process Automation market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the digital process automation market?

• Which factors are influencing the digital process automation market over the forecast period?

• What are the global challenges, threats, and risks in the digital process automation market?

• Which factors are propelling and restraining the digital process automation market?

• What are the demanding global regions of the digital process automation market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

About UnivDatos

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About UnivDatos

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