Global Digital Process Automation Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

“Global Digital Process Automation Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global digital process automation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global digital process automation market report has been segmented on the basis of component, business function, organization size, deployment type, industry vertical, and region.

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Introduction:

Digital process automation is defined as the application of digital technology which is used for performing the process to offer an enhanced workflow and user experience. Many business and enterprises are relying on business process management (BPM) for enhancing the processes such as customer on-boarding, customer support, retail lending, etc., and managing the back-end activities efficiently. This digital process automation is used for improving the customer engagement across digital channels and offers improved business operational flow.

Market Dynamics:

Key factors expected to drive growth of the global digital process automation market is growing demand for IT resources, and availability of improved IT systems to meet customers' dynamic requirements across the globe. In addition, increasing establishments of business enterprises such as e-commerce retailers, BFSI business enterprises, manufacturing industries, etc., is one of the major factors expected to drive growth of the global digital process automation market. Furthermore, increasing penetration of industrial IoT technologies is one of the another factor expected to drive growth of the target market over the forecasted period. However, lack of awareness among business enterprises, which are located at places which lack of the technologies/infrastructure to implement or adopt digital process automation, and high costs associated with digital process automation are some factors expected to hamper growth of the global digital process automation market over the forecast period.

Trends:

Prominent players are focusing on collaborating with other market players in order to increase demand for advanced sensing technology that helps in directly impacting the increase of automated products. This is among major trend observed in the target market.

Segmental Analysis:

On the basis of component, solution segment is expected to dominate the global digital process automation market, owing to increasing need to streamline business processes. On the basis of business function, sales process automation segment is expected to dominate the target market. On the basis of organization size, large enterprises segment is expected to dominate the target market, due to increasing demand for this digital process automation. On the basis of deployment type, the cloud segment is expected to dominate the target market, owing to enhanced security features, interactive dashboards, ease of flexibility, and better scalability. On the basis of industry verticals, the manufacturing segment is expected to dominate the target market.

Regional Analysis:

The market in North America is expected to dominate in the global digital process automation market. This is primarily attributed to high adoption of digital process automation solutions by various business enterprises in countries in the region. The market in Asia Pacific is expected to be an emerging market for the global digital process automation market, and is expected to register highest CAGR over the forecast period, owing to increasing penetration of digitalization witnessed, and establishment of small and medium sized enterprises in China and India countries in the region. Moreover, the markets in Europe, Latin America and Middle East & Africa are expected to register significant higher revenue growth in the global digital process automation market over the forecast period.

GLOBAL SYNBIOTIC PRODUCTS MARKET SEGMENTATION:

Segmentation by Component:

• Solution
• Services
• Professional Services
• Advisory Services
• Implementation Services
• Support Services
• Managed Services

 Segmentation by Business Function:

• Sales Process Automation
• Supply Chain Automation
• Claims Automation
• Marketing Automation

Segmentation by Organization Size:

• Small and Medium-sized Enterprises (SMEs)
• Large enterprises

Segmentation by Deployment Type:

• On-premises
• Cloud

Segmentation by Industry Vertical:

• Manufacturing
• Retail & Consumer Goods
• BFSI
• Telecom & IT
• Transport & Logistics
• Energy & Utility
• Media & Entertainment
• Healthcare
• Others (include government and travel & hospitality)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• International Business Machines Corporation
• Newgen Software Technologies Limited
• Infosys Limited
• BP Logix, Inc.
• Appian Corporation
• TIBCO Software Inc.
• OpenText Corp.
• DST Systems, Inc.
• Pegasystems Inc.
• Oracle Corporation
• SourceCode Technology Holdings, Inc. (K2)
• Cognizant Technology Solutions