Impact Of Cloud-Based Solutions On The Growth Of Digital Process Automation: Key Factor Driving The Growth In The Digital Process Automation Market

The Digital 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 Expected Digital Process Automation Market Size During the Forecast Period?
The rapid expansion of the digital process automation market has been evident in recent years. The market, which is expected to escalate from $14.42 billion in 2024 to $16.4 billion in 2025, is projected to have a Compound Annual Growth Rate (CAGR) of 13.7%. Factors such as modernizing legacy systems, cost-cutting efforts, adherence to regulatory compliance, enhancement of customer's experience, and business agility and adaptability have all contributed to the growth during the historic period.

The market for digital process automation is anticipated to witness a swift expansion within the forthcoming years. The market valuation is expected to touch $28.02 billion in 2029, growing at a compound annual growth rate (CAGR) of 14.3%. This projected steady growth during the forecast period is attributed to strategies involving hyperautomation, the increasing usage of low-code and no-code platforms, the adoption of cloud-based digital process automation solutions, a heightened focus on the employee experience, and dynamic case management. Key trends likely to influence the market during the forecast period include hyperautomation and intelligent process automation, low-code and no-code platforms, process mining for optimization, its integration with robotic process automation (RPA), and an emphasis on security and compliance.

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What Are the High-Growth Segments in the Digital Process Automation Market?
The digital process automation market covered in this report is segmented -

1) By Component: Solution, Service
2) By Deployment: On-Demand, On-Premise
3) By Organization Size: Small And Medium Sized Enterprises, Large Enterprises
4) By End User: Banking, Financial Services, And Insurance (BFSI), Manufacturing, IT And Telecommunication, Aerospace And Defense, Healthcare, Retail And Consumer Goods, Other End Users

Subsegments:
1) By Solution: Robotic Process Automation (RPA), Workflow Automation Tools, Business Process Management (BPM) Software, Intelligent Document Processing
2) By Service: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Development Services

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What Key Drivers Are Expected to Influence Future Digital Process Automation Market Growth?
The increasing use of cloud-based solutions is likely to spur the expansion of the digital process automation market in the future. A cloud-based solution enables instantaneous access to a shared group of adaptable applications and services that can be swiftly implemented and delivered through the internet requiring minimal administrative work. Digital process automation providers can serve an extensive range of customers by utilizing cloud infrastructure, circumventing the necessity for significant hardware or local installations, and reducing entry barriers for businesses looking to infuse AI into their operations. They can conveniently access AI functionalities through a subscription-based scheme. For example, the Office of Communications, a UK-based intergovernmental organization, reported in April 2023 that the global spending by end-users on public cloud services is anticipated to grow by 20.7% from 2022 to 2023, hitting £477.7 billion ($524.41 billion) from £395.7 billion ($434.40 billion) in 2023. Moreover, Eurostat, a Luxembourg-based intergovernmental organization, stated in December 2023 that 45.2% of EU enterprises purchased cloud computing services in 2023, a growth of 4.2 percentage points from 2021, with 82.7% employing cloud services for email systems, 68% for file storage, 66.3% for cloud-based office software, 61% for security applications, and roughly 43% hosting their databases in the cloud. Hence, the rising demand for cloud-based solutions is expected to drive the growth of the software as a service (SaaS) market. This further indicates that the increased adoption of artificial intelligence (AI) is helping boost the digital process automation market. The digital services explosion is anticipated to help enhance the growth of the digital process automation market. Digital services consist of numerous online or tech-based services that offer an array of solutions, data, or functionalities to various individuals, enterprises, or organizations. These services include an e-commerce platform, robust services, and social media platforms. Digital process automation (DPA) enriches digital services by automating workflows, minimizing manual interventions, ensuring accuracy, and boosting user satisfaction and operational efficiency. As an example, the United States Census Bureau, a US government agency, reported in August 2023 that the value of retail e-commerce sales in the US for the second quarter of 2023 was $277.6 billion, a rise of 2.1% from the first quarter of 2023. This indicates a growth rate of 7.5% from the second quarter of 2022. Therefore, the rising demand for digital services is propelling the expansion of the digital process automation market.

Which Companies Hold the Largest Share Across Different Digital Process Automation Market Segments?
Major companies operating in the digital process automation market report are Microsoft Corporation, Infosys Limited, Siemens AG, General Electric Company, Panasonic Holdings Corporation, International Business Machines Corporation (IBM), Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, SAP SE, ABB Ltd., Cognizant, Rockwell Automation Inc., ServiceNow Inc., Yaskawa Electric Corporation, OpenText Corporation, NICE Systems Ltd., Pegasystems Inc., Software AG, TIBCO Software Inc., UiPath, Automation Anywhere, Appian Corporation, Nintex Global Ltd., K2 Partnering Solutions, Bizagi, Laserfiche, Zapier, BP Logix Inc.

What Trends Are Driving Growth in The Digital Process Automation Market?
Major corporations in the digital process automation market are synchronizing their initiatives to introduce IoT-enabled open digital business platforms like Siemens Xcelerator, a strategy aimed at securing competitive advantage. This platform allows businesses to use various tools and services for digitization of their processes, enhancing client experience and automating work. In June 2022, Siemens AG, an automation company from Germany, unveiled the Siemens Xcelerator. This open digital business platform aids customers in hastening their digital transformation by offering access to a handpicked collection of IoT-powered hardware and software. It's an impactful resource assisting organizations of all magnitudes in meeting their business objectives and expediting their digital transformation. It serves as a comprehensive hub where organizations can find all necessary products and services for linking their physical systems with the digital universe, collecting and assessing data, and automating their operations.

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What Are the Emerging Geographies for The Digital Process Automation Market Growth?
North America was the largest region in the digital process automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital 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 Digital Process Automation Market?
2. What is the CAGR expected in the Digital Process Automation Market?
3. What Are the Key Innovations Transforming the Digital Process Automation Industry?
4. Which Region Is Leading the Digital Process Automation Market?

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