Global Enterprise Business Process Automation (BPA) Market Size and Forecast to 2027

Global Enterprise Business Process Automation (BPA) Market Size and Forecast to 2027

Summary

The global enterprise BPA market research report provides an executive-level overview of the current BPA market worldwide, with detailed forecasts of key indicators up to 2027. Published annually, the global enterprise BPA market report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by product/service type and verticals across the large enterprise and micro, small & medium enterprise (MSME) markets, as well as a review of key BPA market trends as well as the technological developments that are shaping the BPA landscape.

The global outlook report provides information and insights into global enterprise BPA market

• The primary finding from GlobalData's view of revenue opportunities in the enterprise BPA market through to 2027, highlighting the market size and growth by product/service, by region, by vertical and by size band.
• The latest trends impacting the enterprise BPA market.
• The market drivers that will facilitate the growth of enterprise BPA market.
• The market challenges/inhibitors that may hinder the pervasive adoption of enterprise BPA.
• The overview of top ICT vendors in the enterprise BPA market.

Scope

• The global enterprise BPA market size was valued at $258.8 billion in 2022. The market is expected to grow at a CAGR of 7.5% during the forecast period (2022-2027). The growing focus on integration of advanced technologies such as IoT and AI-enabled voice technology and chatbots and implementation of cloud-based deployment model, and the emergence of 5G networks are driving the growth of BPA market.
• According to GlobalData, enterprise BPA market would see majority share of its revenue come from vertical-specific and packaged applications segment over the forecast period. Revenue from vertical-specific and packaged applications reached $116.6 billion in 2022 and is set to grow up to $154.1 billion in 2027 at a CAGR of 5.8%.
• BFSI and manufacturing are the leading end-use vertical segment for enterprise BPA, in terms of revenue contribution, and will remain so over the forecast period.
• North America is the leading regional market with revenue estimated at $88.3 billion for 2022 and set to grow up to $113.8 billion by 2027 at a CAGR of 5.2%.

Reasons to Buy

This Global Outlook Report provides a comprehensive assessment of the enterprise BPA market. It helps the reader to understand the enterprise BPA market landscape, the recent trends, drivers, and challenges/inhibitors shaping the enterprise BPA market.

• The report is exhaustive and up-to-date providing market opportunity forecasts in the enterprise BPA market from 2022 to 2027, spanning technology segments (services), six regions, 22 verticals, and two size bands.
• The report provides an assessment of enterprise BPA vendors.
• The report also discusses the opportunities and recommendations for vendors.