Press release
Business Process Automation Market Stand Out as the Biggest Contributor to Global Growth 2023-2028
Business Process Automation Market Overview->
Business process automation is the use of technology to automate manual, repetitive tasks so that employees can focus on critical tasks. Automating business processes minimizes costs, increases efficiency, and streamlines processes from simple to complex.
The increasing need for optimized resource utilization by automated business processes is a key factor driving the growth of the global business process automation market. Implementing a BPA solution automates processes that previously required human intervention, allowing employees to focus on their core competencies. This makes optimal use of resources. Optimized resource utilization refers to a set of processes and practices that balance available resources with the needs of an organization to achieve desired business goals.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 130 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
Integration of AI and ML technologies can change the global Business Process Automation market dramatically. The integration of AI technology makes BPA smarter by offering the ability to digitalize, formalize, optimize, and automate a wide variety of tasks currently performed by skilled human experts.
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Competitive Landscape
Some of the major companies operating in the global Business Process Automation Market are IBM, Pegasystems, Appian, Kissflow, Laserfiche, Nintex, Oracle, Software AG, Salesforce, Microsoft, Bizagi, OpenText, TIBCO, Creatio, Genpact, DXC Technology, Newgen Software, Bonitasoft, Kofax, FlowForma, AuraQuantic, AgilePoint, Automation Hero, Quickbase, and Cortex. The presence of established industry players and is characterized by mergers and acquisitions, joint ventures, capacity expansions, substantial distribution, and branding decisions to improve market share and regional presence.
Latest News->
July 26, 2022-Oracle Automates the Tasks Sellers Despise with Next Generation CRM
Oracle announced the next generation of Oracle Fusion Sales, a sales automation application that identifies high-quality sales opportunities and guides sellers to close deals faster. Part of Oracle Fusion Cloud Customer Experience (CX) and powered by artificial intelligence (AI), Fusion Sales automatically provides sellers with quotes, proposals, and recommended steps to help them increase productivity, close more deals, and instill confidence among buyers.
Aug. 3, 2021 - Laserfiche - the leading SaaS provider of intelligent content management and business process automation - has today announced the introduction of a Digital Reopening package of prebuilt process templates aimed at supporting organizations' efforts to restore, recover, reimagine, and rebuild work in a post-pandemic world.
The new package is an expansion to an existing collection of over 100 solution templates that allow Laserfiche users to download process diagrams, workflows, template fields and reports, all of which can be configured to fit an organization's specific operational requirements for rapid solution deployment.
Demand for cloud-based BPA software is growing
"cloud-based BPA software continues to be in high demand in organizations for remote operations."
His cloud-based BPA segment is expected to dominate the global market in the coming years. This segment is expected to grow by the end of 2032, with an absolute opportunity of $17,972.7 million.
Key Market Segments: Global Business Process Automation Market
Business Process Automation Market by Component, 2023-2028, (In USD Million)
Platforms
Services
Business Process Automation Market by Deployment Type, 2023-2028, (In USD Million)
On-Premise
Cloud
Business Process Automation Market by Organization Size, 2023-2028, (In USD Million)
Large Enterprises
Small & Medium Sized Enterprises
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Business Process Automation Market Regional Insights
Regionally, South Asia and the Pacific are estimated to be the fastest growing regions for the business process automation software market during the forecast period. Demand in the region is expected to grow 4.0 times from 2022 to 2032.
South Asia and the Pacific have a growing presence of high-growth SMEs. Recently, there has been a steady surge in the tech startup industry, especially in the fintech and IT sectors, increasing the adoption of BPA software.
Therefore, most companies in South Asia and the Pacific are turning to process automation to simplify operations and increase sales. Such introductions are driving the growth of the BPA software market.
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Reasons to Purchase this Report
Analysing the outlook of the market with the recent trends and SWOT analysis.
Market dynamics scenario, along with growth opportunities of the market in the years to come.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Report further studies the market development status and future Business Process Automation Market trends across the world. Also, it splits Business Process Automation Market Segmentation by Type and by Applications to fully and deeply research and reveal the market profile and prospects.
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