$12.6 Bn Digital Process Automation Market by Component, Business Function, Deployment Type, Organization Size, Industry Vertical & Region - Global Forecast to 2023

2/14, 1:21 PM (Source: GlobeNewswire)

Dublin, Feb. 14, 2019 (GLOBE NEWSWIRE) -- The "Digital Process Automation Market by Component, Business Function (Sales Process Automation, Supply Chain Automation, Claims Automation & Marketing Automation), Deployment Type, Organization Size, Industry Vertical & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The growing need to optimize business processes for meeting the dynamic requirements of customers is expected to drive the overall digital process automation market

The digital process automation market size is expected to grow from USD 6.76 billion in 2018 to USD 12.61 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period.

Digital process automation solutions empower enterprises and enable them to plan their business processes efficiently. These solutions also help streamline business processes and improve operational efficiency, which enables companies to fully utilize their IT systems for catering to their customers' dynamic requirements. The digital process automation market is expected to gain traction as organizations are deploying adequate digital process automation solutions to utilize their IT resources and reduce operational costs effectively. However, data security concerns and difficulty in integrating with legacy systems may restrain the market's growth.

Among components, the solution segment is expected to hold a larger market size during the forecast period.

The solution segment is estimated to contribute to a larger market size in 2018. Digital process automation solutions help enterprises optimize their costs and resources, which further reduces their business risks. These solutions are widely adopted among industry verticals because of the increasing need to streamline business processes. However, the services segment is expected to grow at a higher CAGR as organizations are focusing on reducing operational costs and providing positive customer experience.

The cloud deployment segment is expected to grow at a higher CAGR during the forecast period.

The cloud deployment model is rapidly adopted in the digital process automation market. Enhanced security features, interactive dashboards, ease of flexibility, and better scalability are some of the major factors that are expected to encourage enterprises across the globe to adopt the cloud deployment model. Moreover, the cloud-based deployment model offers higher agility compared to that of the on-premises deployment model.

Asia Pacific (APAC) is expected to be the fastest growing region during the forecast period.

APAC is expected to be the fastest growing region during the forecast period. Rapid economic developments, globalization, digitalization, and the increased adoption of cloud-based technologies are expected to drive the growth of the digital process automation market in the APAC region. Furthermore, the growing need for cost optimization and effective utilization of IT infrastructures are expected to propel the demand for digital process automation solutions and its associated services.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Digital Process Automation Market
4.2 Market By Industry Vertical (2018 vs 2023)
4.3 Market Market Share Across Various Regions
4.4 Market Professional Services, By Region

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Demand for Automating Business Processes
5.2.1.2 Increasing Adoption of the Low-Code Automation Platform
5.2.2 Restraints
5.2.2.1 Data Security and Privacy
5.2.2.2 Lack of Technical Expertise
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Streamlining Business Processes
5.2.3.2 Integration of AI and Machine Learning
5.2.4 Challenges
5.2.4.1 Integration With Existing Systems and Tools

6 Digital Process Automation Market, By Component
6.1 Introduction
6.2 Solution
6.3 Services

7 Market By Service
7.1 Introduction
7.2 Professional Services
7.3 Managed Services

8 Digital Process Automation Market, By Professional Service
8.1 Introduction
8.2 Advisory Services
8.3 Implementation Services
8.4 Support Services

9 Market By Business Function
9.1 Introduction
9.2 Sales Process Automation
9.3 Supply Chain Automation
9.4 Claims Automation
9.5 Marketing Automation

10 Digital Process Automation Market, By Industry Vertical
10.1 Introduction
10.2 Manufacturing
10.3 Consumer Goods and Retail
10.4 Banking, Financial Services, and Insurance
10.5 Telecom and IT
10.6 Transportation and Logistics
10.7 Energy and Utilities
10.8 Media and Entertainment
10.9 Healthcare
10.10 Others

11 Market By Deployment Type
11.1 Introduction
11.2 Cloud
11.3 On-Premises

12 Market By Organization Size
12.1 Introduction
12.2 Small and Medium-Sized Enterprises
12.3 Large Enterprises

13 Digital Process Automation Market, By Region
13.1 Introduction
13.2 North America
13.2.1 United States
13.2.2 Canada
13.3 Europe
13.3.1 United Kingdom
13.3.2 Germany
13.3.3 Rest of Europe
13.4 Asia Pacific
13.4.1 China
13.4.2 Japan
13.4.3 India
13.4.4 Rest of Asia Pacific
13.5 Middle East and Africa
13.5.1 Kingdom of Saudi Arabia
13.5.2 United Arab Emirates
13.5.3 South Africa
13.5.4 Rest of Middle East and Africa
13.6 Latin America
13.6.1 Brazil
13.6.2 Mexico
13.6.3 Rest of Latin America

14 Competitive Landscape
14.1 Overview
14.2 Market Ranking
14.3 Competitive Scenario
14.3.1 New Product and Service Launches/Product Upgradations
14.3.2 Business Expansions
14.3.3 Mergers and Acquisitions
14.3.4 Partnerships, Agreements, and Collaboration

15 Company Profiles
15.1 IBM
15.2 Pegasystems
15.3 Appian
15.4 Oracle
15.5 Software AG
15.6 DST Systems
15.7 Opentext Corporation
15.8 Dxc Technology
15.9 Infosys
15.10 Cognizant
15.11 Mindtree
15.12 Newgen Software
15.13 Tibco Software
15.14 K2
15.15 Bizagi
15.16 Nintex
15.17 Ayehu Software Technologies
15.18 Integrify
15.19 Helpsystems
15.20 Innov8tif
15.21 Novatio Solutions
15.22 Bonitasoft
15.23 Cortex
15.24 PMG
15.25 Blue-Infinity

For more information about this report visit https://www.researchandmarkets.com/research/kh3brt/12_6_bn_digital?w=12

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Related Topics: Industrial Automation 

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