Business Automation Tools Market
Business Automation Tools Market Size, Share & Trends Analysis Report by type (Supply Chain Automation, Accounting and Finance Automation, Sales and Marketing Automation, Customer Service Support Automation, and Human Resources Automation), by Deployment (On-Premises and Cloud), and by Industry Vertical (BFSI, Retail and E-commerce, Manufacturing, IT and Telecom, Healthcare, and Others), Forecast Period (2023-2030)
Business automation tools market is anticipated to grow at a CAGR of 9.8% during the forecast period. The growth of the market is attributed to factors such as streamlining processes and workflows, reducing manual intervention and human errors. This leads to increased efficiency, faster task execution, and enhanced overall productivity within organizations. The increasing key player's focus on launching innovative products accelerating the demand for business automation tools in the market. For instance, in August 2023, Kognitos, the trailblazer in generative AI for business automation, revealed its generative AI automation platform which enabled business users to plan, verify, run, and maintain business process automation all in natural language. This consists of two major features in its automation platform including self-service for all, human language interpreter 2.0.
Segmental Outlook
The global business automation tools market is segmented based on the type, organization size, and industry vertical. Based on the type, the market is sub-segmented into supply chain automation, accounting and finance automation, sales and marketing automation, customer service support automation, and human resources automation. Based on deployment, the market is sub-segmented into on-premises and cloud. Based on industry vertical, the market is sub-segmented into BFSI, retail and e-commerce, manufacturing, IT and telecom, healthcare, and others (government and public sector, media and entertainment). Among the deployment, the cloud sub-segment is anticipated to hold a considerable share of the market, owing to the remote accessibility, ease of implementation, and cost savings.
Accounting and Finance Automation Sub-Segment is Anticipated to Hold a Prominent Share in the Global Business Automation Tools Market
Among the type, the accounting and finance automation sub-segment is anticipated to hold a prominent share of the market, owing to the time-saving, data accuracy, and higher productivity. Thus, the increasing focus on developing new and advanced AI-based accounting automation for catering to the growing demand across the globe. For example, Cashflo, an integrated accounts payables and supply chain financing platform launched a payments and accounts payables (AP) automation and payments product suite that deployed artificial intelligence to automate operational tasks in businesses. The suite simplified complex tasks such as real-time GST checks, approval workflows, and invoice-to-pay processes.
Regional Outlook
The global business automation tools market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the European regional market is expected to grow considerably over the forecast period, owing to the increasing focus on digital transformation to stay competitive. Automation tools play a pivotal role in modernizing processes and adapting to changing customer preferences.
Global Business Automation Tools Market Growth by Region 2023-2030
North America is Expected to Hold a Prominent Share in the Global Business Automation Tools Market
North America is poised to dominate the global business automation tools market, underpinned by the burgeoning e-commerce sector and a surging trend in manufacturing automation. Government initiatives aimed at fostering technology and innovation adoption further bolster this growth. For instance, in May 2019, the US government continued to encourage and clear a path for the use of robotic process automation (RPA). The government's fast approval of RPA pilots is evidence of its potential.
Market Players Outlook
The major companies serving the global business automation tools market include IBM Corp., Salesforce, Inc., Oracle Corp., Microsoft Corp., UiPath, Automation Anywhere, Inc., Arrayworks Inc., 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 2023, Workato, Inc., entered into a strategic partnership with OpenAI OpCo, LLC. This partnership targeted to simplify the process of building automation and integrations by using generative AI.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global business automation tools market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
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
3.2. IBM Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Microsoft Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Oracle Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Salesforce, Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. UiPath
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Business Automation Tools Market by Type
4.1.1. Supply Chain Automation
4.1.2. Accounting and Finance Automation
4.1.3. Sales and Marketing Automation
4.1.4. Customer Service Support Automation
4.1.5. Human Resources Automation
4.2. Global Business Automation Tools Market by Deployment
4.2.1. On-Premises
4.2.2. Cloud
4.3. Global Business Automation Tools Market by Industry Vertical
4.3.1. BFSI
4.3.2. Retail and E-Commerce
4.3.3. Manufacturing
4.3.4. IT and Telecom
4.3.5. Healthcare
4.3.6. Others (Government and Public Sector, Media, and Entertainment)
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. ActiveCampaign, LLC
6.2. Agiloft, Inc.
6.3. Appian Corporation Inc.
6.4. Arrayworks Inc.
6.5. Automation Anywhere, Inc.
6.6. Axon Ivy AG
6.7. Bonitasoft, S.A.
6.8. iGrafx, LLC
6.9. Newgen Software Technologies Ltd.
6.10. Nintex Global Ltd.
6.11. Opsware Data Inc.
6.12. Pegasystems Inc.
6.13. Quickbase, Inc.
6.14. WorkFusion, Inc.
6.15. Xero Ltd.
1. GLOBAL BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL SUPPLY CHAIN AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL ACCOUNTING AND FINANCE AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL SALES AND MARKETING AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL CUSTOMER SERVICE SUPPORT AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL HUMAN RESOURCES AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
8. GLOBAL ON-PREMISES BASED BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL CLOUD-BASED BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
11. GLOBAL BUSINESS AUTOMATION TOOLS FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL BUSINESS AUTOMATION TOOLS FOR RETAIL AND E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL BUSINESS AUTOMATION TOOLS FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL BUSINESS AUTOMATION TOOLS FOR IT AND TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL BUSINESS AUTOMATION TOOLS FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL BUSINESS AUTOMATION TOOLS FOR OTHER INDUSTRY VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. NORTH AMERICAN BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. NORTH AMERICAN BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
20. NORTH AMERICAN BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
21. NORTH AMERICAN BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
22. EUROPEAN BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. EUROPEAN BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
24. EUROPEAN BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
25. EUROPEAN BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
26. ASIA-PACIFIC BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
29. ASIA-PACIFIC BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
30. REST OF THE WORLD BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
32. REST OF THE WORLD BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
1. GLOBAL BUSINESS AUTOMATION TOOLS MARKET SHARE BY TYPE, 2022 VS 2030 (%)
2. GLOBAL SUPPLY CHAIN AUTOMATION TOOLS MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL ACCOUNTING AND FINANCE AUTOMATION TOOLS MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL SALES AND MARKETING AUTOMATION TOOLS MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL CUSTOMER SERVICE SUPPORT AUTOMATION TOOLS MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL HUMAN RESOURCES AUTOMATION TOOLS MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022 VS 2030 (%)
8. GLOBAL ON-PREMISES BASED BUSINESS AUTOMATION TOOLS MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL CLOUD-BASED BUSINESS AUTOMATION TOOLS MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL BUSINESS AUTOMATION TOOLS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022 VS 2030 (%)
11. GLOBAL BUSINESS AUTOMATION TOOLS FOR BFSI MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL BUSINESS AUTOMATION TOOLS FOR RETAIL AND E-COMMERCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL BUSINESS AUTOMATION TOOLS FOR MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL BUSINESS AUTOMATION TOOLS FOR IT AND TELECOM MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL BUSINESS AUTOMATION TOOLS FOR HEALTHCARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL BUSINESS AUTOMATION TOOLS FOR OTHER INDUSTRY VERTICALS MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL BUSINESS AUTOMATION TOOLS MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. US BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
19. CANADA BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
20. UK BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
21. FRANCE BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
22. GERMANY BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
23. ITALY BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
24. SPAIN BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF EUROPE BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
26. INDIA BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
27. CHINA BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
28. JAPAN BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
29. SOUTH KOREA BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
30. REST OF ASIA-PACIFIC BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD BUSINESS AUTOMATION TOOLS MARKET SIZE, 2022-2030 ($ MILLION)
