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Exclusive Report on Global Business Process Automation (BPA) Industry: Post-COVID Growth Opportunity Analysis, Key Players | Schneider Electric, Yokogawa, and ABB.
The global Business Process Automation (BPA) market size is expected to reach $22.34 Billion by 2028 growing at the CAGR of 11.33% from 2021 to 2028.Business Process Augmentation solutions enable organizations to significantly reduce the time and cost needed to model and implement business processes, services, and applications. The popularity of these solutions can be attributed to the increasing need for streamlining business flows, adapting business processes, and continuously improving workflows to become more responsive toward customers’ dynamic requirements.
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Key Players
Some of the major Business Process Automation (BPA) players holding high market share include Schneider Electric, Yokogawa, and ABB. These players use new product development and expansion as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
● Schneider Electric
● Yokogawa
● ABB
● MEDISCA
● Siemens
● Polycom
● IBM
● Pegasystems
● Appian
● Kissflow
The recently published research report on Global Business Process Automation (BPA) Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Business Process Automation (BPA) market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.
In terms of COVID 19 impact, the Business Process Automation (BPA) market report also includes the following data points:
● COVID19 Impact on Business Process Automation (BPA) market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Business Process Automation (BPA) market
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Business Process Automation (BPA) Market:
o Programmable Logic Controller
o Distributed Control system
o Advanced Process Control
o Others
Market Segment By Application with the focus on market share, consumption trend, and growth rate of Business Process Automation (BPA) Market:
o Oil & Gas
o Chemical
o Software and Services
o Others
For more information: https://evolvebi.com/product/business-process-automation-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)
North America is the most evolved market for BPA solutions and is expected to generate considerable growth throughout the forecast period. There are various reasons behind this fact, such as advanced infrastructure used in many enterprises within the region and also the presence of experts who can help organizations deploy their projects with little effort
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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