Increase in the adoption for low-code automation platform and surge in the demand for business process automating are the major factors that drive the growth of the digital process automation market.
In addition, rise in the use of digital process automation in cost-effectively managing business requirements and increase in cloud-based digital process automation solutions and services fuels the growth of the market.
However, difficult integration with existing systems and tools, data security, and privacy concerns as well as lack of technical expertise hampers the growth of the market.
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Furthermore, increase in the adoption of new technologies like AI and machine learning is anticipated to create major opportunities for the growth of the global digital process automation market.
The digital process automation market is segmented into component, deployment mode, organization size, industry vertical, and region. In terms of component, the market is segmented into solution and services. By deployment mode, it is bifurcated into on-premise and cloud.
As per organisation size, it is divided into large enterprises and small & medium enterprises. As per industry vertical, the digital process automation market is categorized into BFSI, retail & e-commerce, manufacturing, government & defence, energy & utilities, IT & telecom, education, healthcare, and others. Based on region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global digital process automation market trends and future estimations to elucidate the imminent investment pockets.
- Information about the key drivers, restraints, and opportunities and their impact analysis on the digital process automation market share is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global digital process automation industry.
- The quantitative analysis of the market industry from 2019 to 2026 is provided to determine the digital process automation market potential.
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