Press release
Business Process Automation Market: Thriving Growth and Projected to Reach $29.59 Billion by 2029
Business Process Automation Market Size
What Is The Projected Market Size Of The Global Business Process Automation Market And Its Growth Rate?
The business process automation market has shown remarkable progress. The key statistics include:
- The market, which was valued at $14.87 billion in 2024, is projected to reach $16.46 billion in 2025, reflecting a CAGR of 10.7%.
- The growth in this period is attributed to aspects such as efficiency and cost savings, compliance requirements, legacy system integration, and scalability demands.
- Looking forward, the market size is set to escalate to $29.59 billion by 2029 at a CAGR of 15.8%.
- This forecasted growth can be attributed to factors such as remote work enablement, customer experience focus, cybersecurity integration, customization, and flexibility.
What Is Driving The Growth In The Business Process Automation Market?
The surge in the business process automation market is driven largely by an increase in customer face time and customer experience focus. The importance of customer interaction and the overall perception of a brand during the buyer's journey are crucial barometers for market growth. Features such as data cleaning, programmable automation, and reporting are crucial in ensuring efficient transactions, prompt responses, and individualized care, thereby driving market growth. Modern businesses are increasingly combining marketing, sales, and customer experience into a single department, putting customer care officers at the forefront. As customers demand swift self-service options from businesses, the need to meet these expectations fuels the growth of the business process automation market.
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Who Are the Key Players Driving Business Process Automation Market Growth?
The business process automation market is driven by the following key players:
- Microsoft Corporation
- Bizagi Limited
- International Business Machines Corporation
- Oracle Corporation
- SAP SE
- Salesforce.com Inc.
- ServiceNow Inc.
- OpenText Corporation
- Red Hat Inc.
- Pegasystems Inc.
What Are The Key Trends In The Business Process Automation Market?
Some of the major trends observed in the business process automation market are:
- Technological advancements
- Hyperautomation
- Focus on customer experience
- Low-code and no-code platforms
- Intelligent document processing
What Are The Segments Of The Global Business Process Automation Market?
The global business process automation market can be segmented as follows:
- 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
- By Vertical: BFSI, Manufacturing, IT and Telecommunications, Retail and Consumer Goods, Healthcare
Which Region Leads The Business Process Automation Market?
In 2024, North America dominated the business process automation market. However, the Asia-Pacific region is expected to show the fastest growth in the forecasted period. The areas covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Business Process Automation Market Global Market Report?
- Market Size Analysis: Analyze the Business Process Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Business Process Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Business Process Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Business Process Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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