Back Office Automation Software Market Is projected to Reach USD 9.66 billion By 2030 : Cognitive Market Research

Market Overview:
- Back-office automation software is software that automates manual and off-system office procedures and workflow by organizing actions and using business logic to make previously human choices. It aids in the reduction of manual procedures, the reduction of paper usage, and the provision of a uniform framework for doing work properly. The area where office automation systems include: finance, human resources, IT, marketing, legal, sales, compliance, product development, and security/maintenance.

Summary:
- The back-office automation software market is expected to grow from USD 5.3 billion in 2022 to USD 9.66 billion by 2030, at a CAGR of 6.2%. The back-office automation software market is majorly driven by the rising industrial automation, growing adoption of cloud-based technologies, benefits associated with back-office automation software, and others.

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Market Dynamics:
- Back-office automation software market is majorly driven by the rising industrial automation. The emphasis of automation nowadays is on boosting quality and flexibility in the production process. According to the McKinsey Institute, automating certain processes can boost productivity growth by 1.4 percent every year. According to an Oxford analysis, integrating automation in the industrial business could increase $4.9 trillion every year by 2030. As a result, industrial automation has recently gained popularity among back-office areas. However, data security issues can hinder the growth of the market. Customer data is kept at the office, and every employee has access to it. Employees in the office can also misuse consumer data. Similarly, certain older applications may not operate with the newer version. Data can sometimes be lost during program upgrades. Integration of new and existing office automation systems is also complex and dangerous.
In recent years, business and government bodies have used cloud-based services to meet a wide range of application and infrastructure requirements, including CRM, database, computing, and data storage. Similarly, cloud-based services are used by users to ease application usage, store, distribute, and secure material, and provide access from any web-connected device. According to Gartner, the worldwide cloud computing industry will expand by $266.4 billion by 2020, up from $227.4 billion in 2019. This is expected to provide enormous opportunities for the growth of the market.

Market Segmentation:
• Based on the type cloud-based segment has dominated the market as it helps organizations to automate repetitive tasks. It also gives access from anywhere, anytime from any device and offers scalability, lower start-up costs, and data security benefits.

• Based on the application, the large enterprise segment dominated the back office automation software market as these organizations can afford this software. Large enterprises are also able to access professionals that can use automation software.

The Major Players in Back Office Automation Software Market are:
Cflow, Automai Corporation, Codeless Platforms, Integrify, HelpSystems, Thoughtonomy, UiPath, Softomotive Ltd, Altitude Business Systems Ltd, Automation Anywhere Inc, Pegasystems Inc., OpenConnect Systems Incorporated, Twenty57

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Regional Analysis:
- Geographically, the global back-office automation software market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the back-office automation software market owing to the rising usage of the software by several end users, increased awareness about data breaches, availability of key players, and a large number of professionals.

News:
- In May 2022, Pegasystems has acquired Everflow, a Brazilian-based process mining company. The move comes as Pega seeks to position itself as the business hyper-automation platform of choice, building on previous recent platform developments. Pega will receive process mining from Everflow, which will help enterprises to examine and optimize their customer and employee-related processes. According to the technology, users may automatically model their processes based on organizational activity records.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Back Office Automation Software Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Back Office Automation Software Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Back Office Automation Software Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Back Office Automation Software Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Back Office Automation Software Market Regional Analysis
• 10.1 Detailed Qualitative Analysis
• 10.2 Global Back Office Automation Software Market Revenue by Region (2018-2030)
• 10.2 Global Back Office Automation Software Market Share (%) by Region (2018-2030)
Chapter 11 North America Back Office Automation Software Market Outlook (2018 - 2030)
Chapter 12 Europe Back Office Automation Software Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Back Office Automation Software Market Outlook (2018 - 2030)
Chapter 14 Latin America Back Office Automation Software Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Back Office Automation Software Market Outlook (2018 - 2030)
Chapter 16 Research Findings

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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