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Business Process Automation Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
The Business Process Automation Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Business Process Automation Market Size and Projected Growth Rate?
In recent years, the business process automation market has seen a consistently rapid expansion. It's projected to increase from $14.87 billion in 2024 to $16.46 billion in 2025, which represents a compound annual growth rate (CAGR) of 10.7%. Various factors have contributed to this growth in the past, including efficiency and cost savings, legal compliance needs, integration of legacy systems, scalability requirements and data analytics.
In the coming years, the business process automation market size is projected to experience swift growth, likely reaching a size of $29.59 billion by 2029. This implies a Compound Annual Growth Rate (CAGR) of 15.8%. This potential growth during the forecast period can be linked to many factors such as the empowerment of remote work, a focus on customer experience, incorporation of cybersecurity, flexibility and customization. Technology advancements, hyperautomation, customer-centric approaches, as well as low-code and no-code platforms, and intelligent document processing are among the key trends forecasted during the same period.
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What Are the Major Segments in the Business Process Automation Market?
The business process automation market covered in this report is segmented -
1) By Component: Platforms, Services
2) By Deployment Type: Cloud, On Premises
3) By Organization Size: Large Enterprises, SME's
4) By Function: Human Resource Automation, Supply Chain Automation, Sales And marketing Automation, Accounting And Finance Automation, Customer Service Support Automation
5) By Vertical: BFSI, Manufacturing, IT, Telecommunications, Retail And Consumer Goods, Healthcare
Subsegments:
1) By Platforms: Business Process Management (BPM) Software, Workflow Automation Tools, Robotic Process Automation (RPA) Solutions, Low-Code Or No-Code Development Platforms
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
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What Are The Driving Business Process Automation Market Evolution?
The business process automation market is projected to expand due to the anticipated increase in customer interaction and improvement in customer experience. Customer face time is a critical measure which involves the duration spent interacting with clients, while customer experience alludes to the overall impression that consumers form about a brand throughout their purchasing journey. Business process automation software prioritizes customer experience, with features such as data cleaning, programmable automation, and reporting ensuring smooth transactions, quick responses, and personalized attention. For instance, Emplifi, a Czech Republic-based firm focusing on AI-enabled social marketing, revealed in April 2022 that 25% of businesses plan to merge their marketing, sales, and customer experience (CX) units into a single department by 2023. Now, over 90% of companies employ personnel like customer care officers or roles with similar duties. It has been reported that 52% of consumers expect a business response within an hour and 75% consider it critical for companies to offer a fully automated self-help customer service solution. However, 39% of customers have stated they had to wait for more than two hours for a reply. This heightened focus on customer interaction and customer experience is fueling the surge in the business process automation market.
Which Firms Dominate The Business Process Automation Market Segments?
Major companies operating in the business process automation market include Microsoft Corporation, Bizagi Limited, International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce.com Inc., ServiceNow Inc., OpenText Corporation, Red Hat Inc., Pegasystems Inc., Software AG, UiPath Inc., Celonis SE, OutSystems Inc., Appian Corporation, Automation Anywhere Inc., Kofax Inc., MuleSoft LLC, Mendix a Siemens business, Blue Prism Group plc, Signavio GmbH, Kryon Systems Ltd., Laserfiche, Nintex Inc., ProcessMaker Inc., Camunda, WorkFusion Inc., Bonitasoft SA, AuraQuantic, Jacada Ltd.
What Trends Are Expected to Dominate the Business Process Automation Market in the Next 5 Years?
The progression of technology is a crucial trend gaining traction in the business process automation market. Major players in this market, such as Pegasystems, are making strides in innovative technologies and research such as the recent update to Pega Infinity. For example, UiPath, a software company based in the US, launched Automation Cloud Robot in May 2022. This cloud robot for VM automation provides an on-demand windows virtual machine that can be customized and scaled according to user requirements. Moreover, this cloud robot without a dedicated server offers a variety of robots ready to execute automation tasks securely and promptly, eliminating the necessity for specific infrastructure.
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Which Is The Largest Region In The Business Process Automation Market?
North America was the largest region in the business process automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business process automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Business Process Automation Market?
2. What is the CAGR expected in the Business Process Automation Market?
3. What Are the Key Innovations Transforming the Business Process Automation Industry?
4. Which Region Is Leading the Business Process Automation Market?
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