Abstract
Summary
Global Digital Process Automation Market Size, Share & Trends Analysis Report by Deployment (Cloud and On-Premises), by Component (Solution and Services), and by End-Users (Aerospace & Defense, Healthcare, Manufacturing, Retail, IT & Telecommunication, Transport & Logistics, BFSI, and Others) Forecast Period (2022-2028)
The global digital process automation market is anticipated to grow at a CAGR of 12.8% during the forecast period. The growing demand for automation across the globe is propelling the growth of the market. According to the Society of Manufacturing Engineers (SME), in September 2020, demand for automation and robots has been spiked. By implementing automation technology and installing robots throughout their production processes, industrial businesses are dedicated to more intellectually demanding projects, improving quality, reducing risks associated with dangerous tasks, and lowering overall operational costs.
The global digital process automation market is segmented based on the deployment, component, and end-users. Based on the deployment, the market is bifurcated into cloud and on-premises. Based on the component, the market is sub-segmented into solutions and services. Based on the end-users, the market is augmented into aerospace & defense, healthcare, manufacturing, retail, IT & telecommunications, transport & logistics, BFSI, and others. Among the end-users, the transport & logistics segment is expected to hold a remarkable share in the market due to the requirement for increasing efficiency, optimization, speed, and timing. Further, to automate processes across the transportation and supply chain industry, an organization can increase staff productivity, service levels, and capacity.
Geographically, the digital process automation market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is expected to hold a prominent market share during the forecast period. The high adoption of digital process automation solutions by various business enterprises across the industries is propelling the growth of the region. Moreover, the presence of a large number of market players in the region along with well-developed infrastructure is expected to provide lucrative growth to the market. For instance, in May 2018, OpenText launched Content Suite 16 EP4. With the release of EP4, the development of content services advances even further.
The major companies serving the global digital process automation market include Apex systems, Bizagi Group Ltd., Cognizant Technology Solutions Corp., DXC Technology co., International Business Machines Corp., Infosys Ltd., Newgen Software Technologies Ltd., Oracle Corp., Panasonic Holdings Corp., Pegasystems Inc., Robert Bosch GmbH, Software AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2018, DXC Technology announced the launch of DXC Application Service Automation, an offering powered by DXC Bionix that enables organizations to manage their applications up to 40 % more efficiently than with traditional methods, creating savings that can then be reinvested in digital initiatives. Further, DXC Application Service Automation addresses these issues by employing digital technologies that automate applications management tasks to provide benefits such as increasing productivity, reducing mean time, and improving application quality by up to 60%.
Research Methodology
The market study of the global digital process automation market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
1. Global Digital Process Automation Market Research and Analysis by Deployment.
2. Global Digital Process Automation Market Research and Analysis by Component.
3. Global Digital Process Automation Market Research and Analysis by End-Users.
The Report Covers
• Comprehensive research methodology of the global digital process automation market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global digital process automation market.
• Insights about market determinants that are stimulating the global digital process automation market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.
Table of Contents
1 Report Summary
1.1 Research Methods and Tools
1.2 Market Breakdown
1.2.1 By Segments
1.2.2 By Region
2 Market Overview and Insights
2.1 Scope of the Report
2.2 Analyst Insight & Current Market Trends
2.2.1 Key Findings
2.2.2 Recommendations
2.2.3 Conclusion
3 Competitive Landscape
3.1 Key Company Analysis
3.1.1 Overview
3.1.2 Financial Analysis
3.1.3 SWOT Analysis
3.1.4 Recent Developments
3.2 Key Strategy Analysis
4 Market Segmentation
4.1 Global Digital Process Automation Market by Deployment
4.1.1 Cloud
4.1.2 On-Premises
4.2 Global Digital Process Automation Market by Component
4.2.1 Solution
4.2.2 Services
4.3 Global Digital Process Automation Market by End-Users
4.3.1 Aerospace & Defense
4.3.2 Healthcare
4.3.3 Manufacturing
4.3.4 Retail
4.3.5 IT & Telecommunication
4.3.6 Transport & Logistics
4.3.7 BFSI
4.3.8 Others
5 Regional Analysis
5.1 North America
5.1.1 United States
5.1.2 Canada
5.2 Europe
5.2.1 UK
5.2.2 Germany
5.2.3 Italy
5.2.4 Spain
5.2.5 France
5.2.6 Rest of Europe
5.3 Asia-Pacific
5.3.1 China
5.3.2 India
5.3.3 Japan
5.3.4 South Korea
5.3.5 Rest of Asia-Pacific
5.4 Rest of the World
6 Company Profiles
6.1 Apex systems
6.2 Appian Corp
6.3 Bizagi Group Ltd
6.4 Cognizant Technology Solutions Corp
6.5 Cortex Applications, Inc
6.6 DST Systems, Inc
6.7 DXC Technology co
6.8 International Business Machines Corp
6.9 Infosys Ltd
6.10 Integrify, Inc
6.11 MindTree Ltd
6.12 Newgen Software Technologies Ltd
6.13 Nintex Global Ltd
6.14 Novatio solutions
6.15 OpenText Corp
6.16 Oracle Corp
6.17 Panasonic Holdings Corp
6.18 Pegasystems Inc
6.19 Robert Bosch GmbH
6.20 Software AG
6.21 TIBCO Software Inc