13.3% Growth Rate for Digital Process Automation Market by 2023 | Top Technologies, Overview, Key Insights and Company Profiles

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The Digital Process Automation Market size is expected to grow from USD 6.76 Billion in 2018 to USD 12.61 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period. This report spread across 166 pages, profiling 25 companies and supported with 78 tables and 45 figures is now available in this research.

“Among components, the solution segment is expected to hold a larger market size during the forecast period.”
The solution segment is estimated to contribute to a larger market size in 2018.Digital process automation solutions help enterprises optimize their costs and resources, which further reduces their business risks. These solutions are widely adopted among industry verticals because of the increasing need to streamline business processes.

“The cloud deployment segment is expected to grow at a higher CAGR during the forecast period.”
The cloud deployment model is rapidly adopted in the digital process automation market. Enhanced security features, interactive dashboards, ease of flexibility, and better scalability are some of the major factors that are expected to encourage enterprises across the globe to adopt the cloud deployment model. Moreover, the cloud-based deployment model offers higher agility compared to that of the on-premises deployment model.

“Asia Pacific (APAC) is expected to be the fastest growing region during the forecast period.”
APAC is expected to be the fastest growing region during the forecast period. Rapid economic developments, globalization, digitalization, and the increased adoption of cloud-based technologies are expected to drive the growth of the digital process automation market in the APAC region. Furthermore, the growing need for cost optimization and effective utilization of IT infrastructuresare expected to propel the demand for digital process automation solutions and its associated services.
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Breakdown of primary participants’ profile:
• By Company: Tier 1 – 30%, Tier 2 – 45%, and Tier 3 – 25%
• By Designation: C-level – 70%, Director-level – 19%, and Manager-level – 11%
• By Region: North America – 40%, Europe – 20%, APAC – 30%, and MEA– 10%

Report Highlights:
The Main Objective of this report is to define, describe, and forecast the market on the basis of segments that include component (solution and services), business process, deployment mode, organization size, industry vertical, and region. The report provides detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the market. This report forecasts the digital process automation market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies.

Competitive Landscape of Digital Process Automation Market:
1 Overview
2 Market Ranking
3 Competitive Scenario
3.1 New Product and Service Launches/Product Upgradations
3.2 Business Expansions
3.3 Mergers and Acquisitions
3.4 Partnerships, Agreements, and Collaboration

Target Audience for Digital Process Automation Market: Automation service providers, Business Process Management (BPM) vendors, Cloud service providers, Communications Service Providers (CSPs), Consulting service providers, Digital process automation solution vendors, Enterprise users, Government organizations, Research organizations, Resellers, Technology providers, Value-Added Resellers (VARs).

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Top Key Players profiled in the Digital Process Automation Market include are IBM (US), Appian (US), DST Systems (US), OpenText (Canada), K2 (US), Bizagi (England), DXC (US), Infosys (India), Oracle (US), Pegasystems (US), TIBCO(US), Software AG (Germany), Cognizant(US) , Mindtree (India), Newgen software (India), Nintex (US), Ayehu (US), Integrify (US), HelpSystems (US), Innov8tif (Malaysia), Novatio (US), Bonitasoft (France), Cortex (UK), PMG.net (US), and blue-infinity (Switzerland).

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