Business Automation Tools Market Will Exhibit an Impressive Expansion by 2024-2031

The global business automation tools market is anticipated to grow at a CAGR of 9.8% during the forecast period. This growth is attributed to impactful strategies embraced by key market players, encompassing acquisitions, collaborations, and product launches. For instance,

• In June 2023, IBM Inc., announced a deal to acquire Apptio Inc, for $4.6 billion. This acquisition is anticipated to speed up the development of IBM's IT automation capabilities, delivering amplified business value through enhanced technology investments.

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• In May 2023, UiPath expanded its partnership with SAP SE to offer the UiPath Business Automation Platform to customers. This expanded partnership accelerated digital transformation efforts, automates critical business operations, and eases migrations to SAP S/4HANA® reducing cost, time, and effort.

• In May 2023, Information Services Group (ISG), a global technology research and advisory firm, launched ISG Automation on Demand™, a cloud-hosted automation platform-as-a-service. The platform provided end-to-end automation of enterprise business processes and manages users' automation infrastructure, licenses, and maintenance.

• In December 2022, Salesforce launched a new Automation Everywhere Bundle to facilitate end-to-end workflow automation, automate across any system, and embed data and AI-driven workflows. This helped companies' lower costs, and boost productivity.

• In August 2022, FLEETCOR Technologies, Inc., a global business payments company, acquired Accrualify, Inc., an account payable (AP) automation software company. The acquisition empowered FLEETCOR®'s portfolio of payment solutions and increased the platform's flexibility for corporate payments.

Global Business Automation Tools Market Report Segment

By Type

• Supply Chain Automation
• Accounting and Finance Automation
• Sales and Marketing Automation
• Customer Service Support Automation
• Human Resources Automation

By Deployment

• On-Premises
• Cloud

By Industry Vertical

• BFSI
• Retail and E-commerce
• Manufacturing
• IT and Telecom
• Healthcare
• Others (Government and Public Sector, Media, and Entertainment)

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Business Automation Tools Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• ActiveCampaign, LLC
• Agiloft, Inc.
• Appian Corporation Inc.
• Arrayworks Inc.
• Automation Anywhere, Inc.
• Axon Ivy AG
• Bonitasoft, S.A.
• iGrafx, LLC
• Newgen Software Technologies Ltd.
• Nintex Global Ltd.
• Opsware Data Inc.

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