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Business Process Automation Global Market 2023 - Top Players, Industry Share, Future Growth And Outlook by 2032
Business Process Automation Market
Business Process Automation Market Size, Growth Rate, And Forecast
The global business process automation market size grew from $12.4 billion in 2022 to $14.02 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The business process automation market size is expected to grow to $22.94 billion in 2027 at a CAGR of 13.1%.
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Business Process Automation Market Drivers
An increase in customer face time and customer experience is expected to propel the growth of the business process automation market. Customer face time is an important metric that includes any time spent talking with customers. Customer experience refers to the overall perception that customers have of your brand during the entire buyer's journey.
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Business Process Automation Market Segments
• By Component: Platforms, Services
• By Deployment Type: Cloud, On Premises
• By Organization Size: Large Enterprises, SME's
• By Function: Human Resource Automation, Supply Chain Automation, Sales And Marketing Automation, Accounting And Finance Automation, Customer Service Support Automation
• By Vertical: BFSI, Manufacturing, IT, Telecommunications, Retail And Consumer Goods, Healthcare
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Business Process Automation market.
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Business Process Automation Market Key Players
Major competitors in the Business Process Automation market include IBM Corporation, Pegasystems Inc., Nintex Inc., Oracle Corporation, Software AG, Salesforce.com Inc., Microsoft Corporation.
The Business Research Company's "Global Business Process Automation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Business Process Automation Market Include:
1. Executive Summary
2. Business Process Automation Market Characteristics
3. Business Process Automation Market Trends And Strategies
4. Business Process Automation Market - Macro Economic Scenario
5. Business Process Automation Market Size And Growth
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26. Africa Business Process Automation Market
27. Business Process Automation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Business Process Automation Market
29. Business Process Automation Market Future Outlook and Potential Analysis
30. Appendix
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