Digital Process Automation Industry

Digital Process Automation Market Forecast 2023
Digital Process Automation
Market Report-Forecast 2023
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Digital Process Automation Market Forecast 2023
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Digital Process Automation Market Forecast 2023
Summary
global digital process automation market, according to Market Research Future (MRFR), is slated to
exhibit a stellar 15% CAGR over the forecast period (2017-2023), growing up to a market valuation
of USD 14 billion by 2023
The major driving factor for the global digital process automation market is the increasing demand
for automation in enterprises. Enterprises across the globe are realizing the advantages of
automation to their workflow and are, therefore, going after automation solutions. Automation
solutions can free up an organization’s valued human resources to contribute more productively and
more directly to the business’s strategic vision. Day-to-day tedious tasks can be handed over to
automation solutions, leaving an organization’s human capital free to generate more creative work.
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Digital Process Automation Market Forecast 2023
Key Players
Key players identified by MRFR in the global digital process automation market are Integrify, Oracle,
IBM, Pegasystems, Software AG, Appian, DST Systems, Helpsystems, Opentext Corporation, Infosys,
Dxc Technology, Cognizant, Newgen Software, Mindtree, Tibco Software, Nintex, Bizagi, Ayehu
Software Technologies, and Innov8tif.
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Digital Process Automation Market Forecast 2023
Segmentation:
global Digital Process Automation Market is segmented by services, deployment, industry vertical,
organization size, and region.
Based on services, the digital process automation market is bifurcated into professional and
managed services. Among these, professional services are the leading segment and are expected to
retain its lead over the forecast period with the fastest growth rate.
By industry vertical, the digital process automation market is segmented into consumer electronics,
BFSI, retail, healthcare, manufacturing, and transportation. Among these, the manufacturing sector
holds the maximum share in the global digital process automation market at present. However, the
retail sector is expected to display the highest growth rate over the forecast period.
Based on deployment, the digital process automation market is segmented into on-cloud and onpremise. Cloud solutions are expected to remain the widespread option in the digital process
automation market over the review period.
Based on organization size, the digital process automation market is bifurcated into small and
midsized enterprises (SMEs), and large enterprises. Of these, large enterprises are the leading
segment at present. Though, as new small and midsized enterprises learn about the advantages of
digital process automation, they are estimated to adopt it in higher volume, leading to a faster growth
rate for the segment over the assessment period.
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Digital Process Automation Market Forecast 2023
Regional Analysis:
The digital process automation is segmented on the basis of region into Europe, Aisa Pacific, North
America, and the rest of the world.
Europe is anticipated to be the leading market for digital process automation over the review period.
The business and technological environment in Europe is highly favorable for large-scale
implementation of automation solutions. Constant technological advancement has allowed the
manufacturing sector in Europe, the main consumer of digital process automation solutions, to
incorporate automation solutions into its workflow easily. This has created a durable position for
the digital process automation market in Europe, which is expected to remain the foremost regional
market for digital process automation over the forecast period.
Asia Pacific developing countries such as India and China have made substantial efforts to raise the
adoption of automation solutions in their industrial sector and are thus, expected to witness
increasing incorporation of digital process automation over the review period. These countries have
a labor-intensive workforce, which could to some extent hamper the development of the digital
process automation, nonetheless, APAC is projected to be the fastest-growing regional market across
the globe, over the assessment period.
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Digital Process Automation Market by Services (Professional, Managed), Industry Vertical (BFSI, Consumer Electronics, Retail, Manufacturing, Healthcare, Transport), Deployment (On-cloud, On-premise), Organization Size (SME, Large), and Region-Global Forecast till 2023

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