In-Depth Analysis of Digital Process Automation Market 2020 | Report Covers Top Key Players, Regions, Supply and Consumption, Forecast till 2024

Digital Process Automation

The Key purpose of “Digital Process Automation Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. Digital Process Automation market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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Digital Process Automation Market Covers Key Players:

  • IBM Corporation
  • Bizagi Group Limited
  • Pegasystems Inc.
  • Appian Corporation
  • Oracle Corporation
  • Software AG
  • DST Systems, Inc.
  • OpenText Corporation
  • Newgen Software Technologies Ltd.
  • TIBCO Software Inc.

    Market Overview:

  • The global digital process automation market was valued at USD 6.9 billion in 2018, and is expected to reach a value of USD 14.27 billion by 2024 at a CAGR of 12.98 %, during the forecast period (2019 – 2024). As new technologies are trending and accelerating, the merging of the virtual and physical worlds are enabling the creation of new business models. Manufacturers are introducing new business models under which they are selling digital services along with products such as digital twins.
  • – Due to the increasing demand for automating business the primary application of a digital process automation tool are focusing at industries requiring an efficient back-end processing management. Thus, increasing establishments of business enterprises such as BFSI business enterprises, e-commerce retailers and manufacturing industries.
  • – Increase adoption of low code automation platform as it involves rapid design and development with minimal amounts of coding with greater accessibility and are often relying on third-party application programming interfaces (APIs).

    The Digital Process Automation Market Report Includes:

    • The Digital Process Automation market report covers the present status and future prospects.
    • The report analyses market trends, size, and forecast in different geographically.
    • The report provides market competition overview among the Top companies.
    • The report provides a complete analysis of the current and emerging market trends and opportunities.

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    Scope of the Report:

  • Digital process automation refers to the use of digital technology to perform a process or processes in order to accomplish a workflow or function where main drivers for the market includes integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies. Businesses across the world have been relying on business process management (BPM) for enhancing and managing the back-end activities efficiently and relying on the processes such as retail lending, customer onboarding, customer support, etc.

    Key Market Trends:

    Adoption of Business Process Management (BPM) to Drive the Market Growth

    – Digital process automation (DPA) is growing as an important evolution of the traditional category of business process management or BPM. This growth in DPA is due to the rising need for the different businesses to automate the processes as part of extensive digital transformation initiatives.
    – As organizations across different verticals are continually trying to find out new sectors or verticals through which they can reduce their total operational costs. They have increased their spending on managing their business processes with digitalization, which is expected to drive the DPA market growth.

    North America to Account for a Significant Market Share in the Market

    – Due to the presence of large digital process automation vendors in the region, North America is expected to significantly contribute to the market expansion.
    – The major trends responsible for the growth of DPA market in the region include the diverse packaging that increases demand for advanced sensing technology, which will directly impact the increase of automated products.
    – The United States is significantly growing due to improved technology and streamlined global supply chains/logistics. This emergence of international logistics networks means that the United States manufacturers can now efficiently and effectively deliver the finished products and raw materials anywhere around the world.
    – This trend has massively increased the economic opportunities of U.S. manufacturers and international competitors. Robotic process automation (RPA) is one key technology that are enabling companies to address the fast pace of change across all areas of business. RPA provides for virtual agents to automate tasks, processes, and workflows for complex work.

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    Important Questions Answered in The Digital Process Automation Market Report:

    • What is the main factor that takes this market to the next level?
    • What will the market demand and what will be growth?
    • What are the latest opportunities for the Digital Process Automation Market in the future?
    • What are the strengths of the main players?
    • What is the key to the Digital Process Automation Market?

    Detailed TOC of Digital Process Automation Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increase Demand of Automating Business Process for Efficient Back-end process
    4.3.2 Increase Adoption of Low Code Automation for Greater Accessibility
    4.4 Market Restraints
    4.4.1 Lack of Skilled Workforce
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Component
    5.1.1 Solution
    5.1.2 Service
    5.2 By Deployment
    5.2.1 On-demand
    5.2.2 On-premise
    5.3 By Organization Size
    5.3.1 Small- and Medium-sized Enterprises
    5.3.2 Large Enterprises
    5.4 By End User
    5.4.1 Banking, Financial Services, and Insurance (BFSI)
    5.4.2 Manufacturing
    5.4.3 IT and Telecommunication
    5.4.4 Aerospace and Defense
    5.4.5 Healthcare
    5.4.6 Retail and Consumer Goods
    5.4.7 Other End Users
    5.5 Geography
    5.5.1 North America
    5.5.1.1 United States
    5.5.1.2 Canada
    5.5.2 Europe
    5.5.2.1 Germany
    5.5.2.2 United Kingdom
    5.5.2.3 France
    5.5.2.4 Rest of Europe
    5.5.3 Asia-Pacific
    5.5.3.1 China
    5.5.3.2 Japan
    5.5.3.3 India
    5.5.3.4 Rest of Asia-Pacific
    5.5.4 Latin America
    5.5.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 IBM Corporation
    6.1.2 Bizagi Group Limited
    6.1.3 Pegasystems Inc.
    6.1.4 Appian Corporation
    6.1.5 Oracle Corporation
    6.1.6 Software AG
    6.1.7 DST Systems, Inc.
    6.1.8 OpenText Corporation
    6.1.9 Newgen Software Technologies Ltd.
    6.1.10 TIBCO Software Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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