Information And Communications Technology and Automation Market Size, Industry Share | Forecast 2028

The information and communications technology and automation market size was valued at USD 4,604.7 million in 2021 and is expected to grow at a CAGR of 13.5% during the forecast period 2022 to 2028. Automation of digital processes has the potential to be very cost-effective. The adoption of contemporary technology is anticipated to become a common practice in many industries. The market value of digital process automation will increase dramatically as a result of these factors. The primary use of a digital process automation tool is in industries that demand efficient back-end processing management. As a result, the market for digital process automation is anticipated to be primarily driven by rising company establishments such as e-commerce merchants, BFSI business enterprises, manufacturing sectors, and so forth.

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Information And Communications Technology and Automation Market Growth Factors:
The business of digital process automation will have several opportunities thanks to the integration of AI and machine learning. Companies are keen to adopt innovative technologies due to the shortcomings of the present technology. To boost productivity, small, medium-sized, and large-scale businesses are all implementing digital process automation. A sizable industry, digital process automation encompasses both software and services. The market's services platform provides a number of organizational solutions. When help is consolidated, organizations can operate more effectively.

The pandemic has brought about changes in the economy. As a result, businesses are unable to make investments in cutting-edge technology. The lesser the investment, the lower the industry's revenue will be from digital process automation. The market for digital process automation is seeing a considerable decline in revenue. The digital process automation market, however, is anticipated to grow quickly. Demand will gradually rise over the ensuing years.

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The global information and communications technology and automation market segmentation:
1) Operating Environment: Windows OS, Unix OS, Linux & Other OS
2) Solution Type: Storage Automation, Network Automation, Server Automation
3) Service: Consulting, Installation & Support Services
4) End-User: BFSI, Retail, IT and telecom, Public sector and utilities, Energy, Manufacturing, Healthcare, Others.

Information And Communications Technology and Automation Market Regional Analysis:
North America is anticipated to significantly contribute to the market's rise because of the area's significant digital process automation vendors. The diversified packaging that boosts the need for cutting-edge sensing technology, which will directly affect the expansion of automated products, is one of the primary trends driving the growth of the digital process automation market in the area.

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The information and communications technology and automation market key players are ABB Limited, BMC Software Inc., Brocade Communications Systems, Cisco Systems Inc., Citrix Systems Inc., Dell Inc., EntIT Software LLC, Fujitsu Ltd, Hewlett Packard Enterprise Company

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