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The digital process automation market share is expected to increase by USD 8.08 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15.46%.
This digital process automation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers digital process automation market segmentation by deployment (on-premises and cloud) and geography (North America, Europe, APAC, MEA, and South America). The digital process automation market report also offers information on several market vendors, including Appian Corp., Bizagi Group Ltd., BP Logix Inc., Infosys Ltd., Innov8tif Solutions Sdn Bhd, International Business Machines Corp., Newgen Software Technologies Ltd., Open Text Corp., Oracle Corp., and Pegasystems Inc. among others.
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The adoption of business process management is notably driving the digital process automation market growth, although factors such as data security and privacy issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the digital process automation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Digital Process Automation Market Driver
One of the key factors driving growth in the digital process automation market is the adoption of business process management. Digital process automation is gaining traction as a significant advancement of business process management (BPM). BPM focuses on the management and continuous improvement of cross-functional processes. This involves continuous monitoring, evaluation, measurement, and process innovation. This increase in digital process automation is attributed to a growing requirement for businesses to automate procedures as a part of large digital transformation programs. Organizations in many verticals are constantly looking for new sectors or verticals through which they might lower their total operational costs. They have boosted their spending on managing business processes as a result of digitization, which is projected to propel the global digital process automation market forward.
Key Digital Process Automation Market Trend
The low-code integration is another factor supporting the digital process automation market share growth. DPA uses low-code development tools to automate processes that can span multiple applications. The approach focuses on automating or partially automating tasks involved in a variety of business practices that typically require some form of human interaction. Low-code development is a general term that includes process development solutions, low-code application development, and software development tools. Low-code development platforms enable IT to quickly assemble new processes and build applications without having to research, write and test new scripts. A few features that most low-code development platforms have in common include, direct integrations and low-code API accessibility, drag-and-drop workflow designers, and workflow testing/prototyping facilities. This trend is likely to drive market growth during the forecast period.
Key Digital Process Automation Market Challenge
The data security and privacy issues will be a major challenge for the digital process automation market during the forecast period. DPA is becoming a more appealing choice for enterprises. Business representatives must be aware of potential security hazards when choosing an automation plan. Companies are increasingly concerned about sharing sensitive business data, and this issue is growing in the market. Malware, hacker attacks, and data theft are all important security dangers to the reliable execution of business processes. Any such assault or infection can have a negative impact on a company's profit, share price, or reputation. Although automation can be a huge assistance to businesses, it can also be dangerous if it is misused, neglected, or overused.
This digital process automation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global digital process automation market as a part of the information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the digital process automation market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the digital process automation market encompasses successful business strategies deployed by the key vendors. The digital process automation market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Appian Corp. - The company offers digital process automation software for the power of workflow automation in business applications.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The digital process automation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the digital process automation market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the information technology spending market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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51% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for digital process automation in North America. Market growth in this region will be slower than the growth of the market in the South American, MEA and APAC regions.
The digital process automation of manufacturing processes has provided numerous advantages, including easy monitoring, waste reduction, and fast production speed. This will facilitate the digital process automation market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic's impact on different industries in North American countries such as the US is strongly affecting the uptake of process automation in the region. The impact of COVID-19 is quite significant on industries such as automotive, energy, utilities, and resources. However, the COVID-19 crisis has accelerated the digitalization of customer interactions by several years. COVID-19 is accelerating the adoption of automation technologies in a range of end-user industries. It is becoming increasingly likely that one of the largest beneficiaries of changes to the workplace post-COVID will be automation technologies. Hence, the regional digital process automation market is likely to grow during the forecast period.
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The digital process automation market share growth by the on-premises segment will be significant during the forecast period. A company puts a lot of time, effort, and money into building these systems from the ground. Leaving these systems behind in favor of cloud-based servers is not very appealing. On-premises software requires that an enterprise purchases a license or a copy of the software to use it. As the software itself is licensed, and the entire instance of the software resides within an organization's premises, there is generally greater protection than a cloud computing infrastructure. These factors will promote the use of on-premises systems, which will drive market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the digital process automation market size and actionable market insights on post COVID-19 impact on each segment.
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Digital Process Automation Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.46% |
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Market growth 2022-2026 |
$ 8.08 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
14.87 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 51% |
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Key consumer countries |
US, UK, Canada, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Appian Corp., Bizagi Group Ltd., BP Logix Inc., Infosys Ltd., Innov8tif Solutions Sdn Bhd, International Business Machines Corp., Newgen Software Technologies Ltd., Open Text Corp., Oracle Corp., and Pegasystems Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 01: Parent market
*Exhibit 02: Market characteristics
**2.2 Value Chain Analysis
***3. Market Sizing
**3.1 Market definition
*Exhibit 03: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 04: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1Estimating growth rates for emerging and high-growth markets
*3.4.2Estimating growth rates for mature markets
*Exhibit 05: Global - Market size and forecast 2021 - 2026($ million)
*Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 07: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 08: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 09: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 10: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 11: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 12: Threat of rivalry
**4.7 Market condition
*Exhibit 13: Market condition - Five forces 2021
***5. Market Segmentation by Deployment
**5.1 Market segments
*Exhibit 14: Deployment- Market share 2021 - 2026 (%)
**5.2 Comparison by Deployment
*Exhibit 15: Comparison by Deployment
**5.3 On-premises - Market size and forecast 2021-2026
*Exhibit 16: On-premises - Market size and forecast 2021-2026 ($ million)
*Exhibit 17: On-premises - Year-over-year growth 2021-2026 (%)
**5.4 Cloud - Market size and forecast 2021-2026
*Exhibit 18: Cloud - Market size and forecast 2021-2026 ($ million)
*Exhibit 19: Cloud - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Deployment
*Exhibit 20: Market opportunity by Deployment
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 21: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 22: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 23: Geographic comparison
**7.3 North America - Market size and forecast 2021-2026
*Exhibit 24: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: North America - Year-over-year growth 2021-2026 (%)
**7.4 Europe - Market size and forecast 2021-2026
*Exhibit 26: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Europe - Year-over-year growth 2021-2026 (%)
**7.5 APAC - Market size and forecast 2021-2026
*Exhibit 28: APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: APAC - Year-over-year growth 2021-2026(%)
**7.6 MEA - Market size and forecast 2021-2026
*Exhibit 30: MEA - Market size and forecast 2021-2026 ($ million)
*Exhibit 31: MEA - Year-over-year growth 2021-2026 (%)
**7.7 South America - Market size and forecast 2021-2026
*Exhibit 32: South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: South America - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 34: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 35: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Adoption of business process management
*8.1.2 Rising demand for automation in enterprises
*8.1.3 Low cost of digital process automation platform
**8.2 Market challenges
*8.2.1 Data security and privacy issues
*8.2.2 Integration with existing business process applications and services
*8.2.3 Lack of experienced DPA resources
*Exhibit 36: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Low-code integration
*8.3.2 Emergence of AI/ML in digital process automation
*8.3.3 Growth in hyper automation
***9. Vendor Landscape
**9.1 Vendor landscape
*Exhibit 37: Vendor landscape
**9.2 Landscape disruption
*Exhibit 38: Landscape disruption
*Exhibit 39: Industry Risk
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 40: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 41: ?Market positioning of vendors?
**10.3 Appian Corp.
*Exhibit 42: Appian Corp. - Overview
*Exhibit 43: Appian Corp. - Business segments
*Exhibit 44: Appian Corp. - Key offerings
*Exhibit 45: Appian Corp. - Segment focus
**10.4 Bizagi Group Ltd.
*Exhibit 46: Bizagi Group Ltd. - Overview
*Exhibit 47: Bizagi Group Ltd. - Product and service
*Exhibit 48: Bizagi Group Ltd. - Key offerings
**10.5 BP Logix Inc.
*Exhibit 49: BP Logix Inc. - Overview
*Exhibit 50: BP Logix Inc. - Product and service
*Exhibit 51: BP Logix Inc. - Key offerings
**10.6 Infosys Ltd.
*Exhibit 52: Infosys Ltd. - Overview
*Exhibit 53: Infosys Ltd. - Business segments
*Exhibit 54: Infosys Ltd. - Key offerings
*Exhibit 55: Infosys Ltd. - Segment focus
**10.7 Innov8tif Solutions Sdn Bhd
*Exhibit 56: Innov8tif Solutions Sdn Bhd - Overview
*Exhibit 57: Innov8tif Solutions Sdn Bhd - Product and service
*Exhibit 58: Innov8tif Solutions Sdn Bhd - Key offerings
**10.8 International Business Machines Corp.
*Exhibit 59: International Business Machines Corp. - Overview
*Exhibit 60: International Business Machines Corp. - Business segments
*Exhibit 61: International Business Machines Corp. - Key offerings
*Exhibit 62: International Business Machines Corp. - Segment focus
**10.9 Newgen Software Technologies Ltd.
*Exhibit 63: Newgen Software Technologies Ltd. - Overview
*Exhibit 64: Newgen Software Technologies Ltd. - Product and service
*Exhibit 65: Newgen Software Technologies Ltd. - Key offerings
**10.10 Open Text Corp.
*Exhibit 66: Open Text Corp. - Overview
*Exhibit 67: Open Text Corp. - Product and service
*Exhibit 68: Open Text Corp. - Key offerings
**10.11 Oracle Corp.
*Exhibit 69: Oracle Corp. - Overview
*Exhibit 70: Oracle Corp. - Business segments
*Exhibit 71: Oracle Corp. - Key offerings
*Exhibit 72: Oracle Corp. - Segment focus
**10.12 Pegasystems Inc.
*Exhibit 73: Pegasystems Inc. - Overview
*Exhibit 74: Pegasystems Inc. - Product and service
*Exhibit 75: Pegasystems Inc. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 76: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 77: ?Research Methodology
*Exhibit 78: ??Validation techniques employed for market sizing?
*Exhibit 79: ??Information sources
**11.4 List of abbreviations
*Exhibit 80: List of abbreviations
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