Business Process Automation Market 2024-2028
The business process automation market is forecasted to grow by USD 13753.6 mn during 2023-2028, accelerating at a CAGR of 16.8% during the forecast period. The report on the business process automation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing focus on operational efficiency and productivity in business process automation solutions, rise in focus on customer journey automation, and growing adoption of low code and no code platforms.
Technavio's business process automation market is segmented as below:
- By End-user
- Large enterprises
- SMEs
- By Deployment
- On-premises
- Cloud-based
- By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the integration of AI and ML technologies in business process automation as one of the prime reasons driving the business process automation market growth during the next few years. Also, growing adoption of cloud computing and software-as-a-service (SAAS) and rising strategic partnerships among business process automation vendors will lead to sizable demand in the market.
The report on the business process automation market covers the following areas:
- Business process automation market sizing
- Business process automation market forecast
- Business process automation market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business process automation market vendors that include AgilePoint Inc., Appian Corp., Automation Anywhere Inc., Bizagi Group Ltd., BONITASOFT SA, BP Logix Inc., CMW Lab Inc., Compulink Management Center Inc., Genpact Ltd., International Business Machines Corp., Kissflow Inc., Kofax Inc., Microsoft Corp., Nintex Global Ltd., Oracle Corp., Pegasystems Inc., SAP SE, ServiceNow Inc., SS and C Technologies Holdings Inc., and UiPath Inc.. Also, the business process automation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.