Press release
Business Process Automation Market is Expected to Progress to Reach US$ 20.33 billion by 2028 | IBM, Pegasystems, Appian, Kissflow, Laserfiche, Nintex
Exactitude Consultancy report 2023
"The global business process automation market is expected to grow at more than 13.8% CAGR from 2019 to 2028. It is expected to reach above USD 20.33 billion by 2028 from a little above USD 10 billion in 2019."
Business process automation software, accounting for 35% of global BPM market sales, is utilized in complex corporate procedures, utilizing technology to automate complex procedures.
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**Note - Updated Version 2023 is available
Growth Drivers
Automated business processes are transforming the way businesses operate, allowing employees to focus on core competencies and maximizing resource utilization. This involves balancing available resources with the need for enterprises to achieve business goals within the allocated timeframe and budget. The need for resource optimization is more significant when demand exceeds existing resources. Business Process Automation (BPA) solutions integrate systems, reduce overhead time, eliminate manual quality assurance steps, and enhance resource utilization. A Smartsheet report shows that 69% of employees believe automation reduces time wastage and 59% believe they would have more than six spare hours per week.
Market Challenges
The adoption of advanced solutions like Business Process Automation (BPA) is gaining popularity across industries, but some organizations still rely on manual planning due to a lack of knowledge about emerging automated solutions, such as customer inquiries, marketing engagement, package tracking, payroll calculations, and recruitment outsourcing.
What this report provides?
The research provides a comprehensive overview of the current state of the Business Process Automation market and its anticipated future evolution.
Key companies manufacturing Business Process Automation worldwide are profiled, providing an overview of their financials, product portfolio, recent developments, and future outlook.
The report evaluates the current opportunity and future growth potential of the Business Process Automation market, providing estimates for its mid-to-long term evolution during the forecast period 2023-2028, aiming to identify potential trends and opportunities.
Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-over-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.
Recent market trends and its potential for future growth
regional reports that can be customised upon request
Who are the major players in this industry?
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, and others.
Recent Developments in Business Process Automation Market
Recent developments in Business Process Automation industry, even after market report release, support market trends outlined in analysis.
July 29, 2022 IBM Expands Business Automation Portfolio with Open Source Process and Decision Automation
Announcing an exciting development in the IBM Business Automation portfolio.
As we recently announced, IBM is expanding its business automation portfolio to include two open source offerings: IBM Process Automation Manager Open Edition and IBM Decision Manager Open Edition.
In February 2022, Laserfiche, a SaaS provider of intelligent content management and business process automation, and DoubleYard, Inc., a key participant in the optical and image character recognition (OCR/ICR) market
What exactly does market segmentation cover?
Global Business Process Automation Market by Component, 2019-2028, (In USD Million)
Platforms
Services
Global Business Process Automation Market by Deployment Type, 2019-2028, (In USD Million)
On-Premise
Cloud
Global Business Process Automation Market by Organization Size, 2019-2028, (In USD Million)
Large Enterprises
Small & Medium Sized Enterprises
Regional Analysis of the Business Process Automation Market
The market development, current market trends, and some research methodologies are all covered in the Business Process Automation Industry research report. It draws attention to crucial aspects like product portfolios, software architectures, and production strategies that have a direct impact on the market. Our research shows that even minor changes to a product's qualities can have a big impact on the previously mentioned criteria.
Key Geographical Regions
North America (US, Canada)
Europe (Germany, UK, France, Italy, Spain)
Asia-Pacific (China, Australia, Japan)
Middle East and North Africa
Latin America
Table of Content:
1 Study Reporting
1.1 Business Process Automation Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Business Process Automation Market Size Growth Rate by Type
1.5 Market by Application
2 Executive Instantaneous
2.1 Global Business Process Automation Market Size
2.1.1 Global Business Process Automation Revenue
2.1.2 Global Business Process Automation Production
2.2 Business Process Automation Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Business Process Automation Manufacturers
2.3.2.1 Business Process Automation Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Business Process Automation Product Offered
2.3.2.3 Date of Manufacturers Enter into Business Process Automation Market
2.4 Key Trends for Business Process Automation Markets & Products
3 Market Size by Manufacturers
3.1 Business Process Automation Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans
4 Business Process Automation Production by Regions
4.1 Global Business Process Automation Production by Regions
4.1.1 Global Business Process Automation Production Market Share by Regions
4.1.2 Global Business Process Automation Revenue Market Share by Regions
4.2 United States
4.2.1 United States Business Process Automation Production
4.2.2 United States Business Process Automation Revenue
4.2.3 Key Players in United States
4.2.4 United States Business Process Automation Import & Export
4.3 Europe
4.3.1 Europe Business Process Automation Production
4.3.2 Europe Business Process Automation Revenue
5 Business Process Automation Consumption by Regions
5.1 Global Business Process Automation Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country
6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type
7 Market Size by Application
7.1 Overview
7.2 Global Business Process Automation Breakdown Dada by Application
7.2.1 Global Business Process Automation Consumption by Application
7.2.2 Global Business Process Automation Consumption Market Share by Application
8 Manufacturers Profiles
9 Production Forecasts
9.1 Business Process Automation Production and Revenue Forecast
9.1.1 Global Business Process Automation Production Forecast
9.1.2 Global Business Process Automation Revenue Forecast
9.2 Business Process Automation Production and Revenue Forecast by Regions
9.2.1 Global Business Process Automation Revenue Forecast by Regions
9.2.2 Global Business Process Automation Production Forecast by Regions
9.3 Business Process Automation Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Business Process Automation Production Forecast by Type
9.4.2 Global Business Process Automation Revenue Forecast by Type
10 Consumption Forecast
10.1 Business Process Automation Consumption Forecast by Application
10.2 Business Process Automation Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Business Process Automation Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Business Process Automation Consumption Forecast by Regions
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Business Process Automation Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Business Process Automation Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Business Process Automation Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa
11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Business Process Automation Sales Channels
11.2.2 Business Process Automation Distributors
11.3 Business Process Automation Customers
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators
13 Key Findings in the Global Business Process Automation Study
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
Continue….
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Research Methodology
The report is based on data analysis strategies by skilled data analysts. The research methodology involves collecting and analyzing information to provide significant market predictions. Interviews with market influencers make primary research relevant and practical. The secondary method provides a direct insight into demand and supply. Both primary and secondary data collection methods are used, along with publicly available sources like annual reports and white papers, to provide a comprehensive understanding of the market. The report offers precise data analysis and a comprehensive market tour.
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