Digital Process Automation Market
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)
Digital process automation market is anticipated to grow at a CAGR of 12.8% during the forecast period. Digital process automation uses low-code development tools to automate processes that can span multiple applications. It focuses on fully or partially automating tasks involved in a variety of business practices that typically require some form of human interaction. The growing demand for low code automation platforms is expected to propel the market growth during the forecast period. Low code automation offers improved agility, decreased cost, higher productivity, better customer experience, and more. Thus, such benefits associated with digital process automation are impelling market players to introduce new solutions and services. For instance, in March 2021, Ultimus, Inc. initiated the devlopment of the low-code application platform, the Ultimus Digital Process Automation Suite 2021. This new Ultimus version offers expanded AI/ML capabilities, faster solution composition, simplified end-to-end automation, improved user experience, comprehensive security, and tools for business owner control. Ultimus unites the three principal Ultimus product modules: Composed Process Solutions, Ultimus Adaptive BPM Suite, and Ultimus Advanced Task Service/WebClient. Ultimus’ “prescriptive” low-code application development environment is a “software factory” that generates highly sophisticated, tailor-made software applications with exceptional speed, consistency, and quality.
Segmental Outlook
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 component segment, the services segment is expected to grow at a considerable rate during the forecast period as services are a mandatory part of the software life cycle that comprises integration, deployment, product upgrade, maintenance, training, and consulting.
The BFSI segment is expected to hold a remarkable share in the market during the forecast period. The advantages associated with digital process automation such as efficient processing and output, reduced time delays, and enhanced security have contributed to the growth of the digital process automation market. Furthermore, the requirement for digital transformation has became more apparent after the COVID-19 pandemic which is primarily driving the industry growth. For instance, in November 2021, an article published by BizTech, in early 2020, banks were adopting automated ways of completing processes that had traditionally been done by hand and on paper. However, the global COVID-19 pandemic brought unprecedented changes to human interactions with financial institutions which has increased the demand for digital transformation.
Regional Outlooks
The global digital process automation 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). The market can be analyzed for a particular region or country level as per the requirement. The Europe region is expected to provide lucrative growth to the market during the forecast period due to growing investments in automation across the industries in the region.
Global Digital Process Automation Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold a Significant Share in the Global Digital Process Automation Market
Among all the regions, the Asia-Pacific region is expected to hold a significant market share during the forecast period. The factors such as the large-scale optimization of IT infrastructures, strong governmental initiatives, and a growing number of start-ups are primarily attributing the growth to the digital process automation market. For instance, in July 2022, India’s Prime Minister inaugurated the Digital India week 2022 in Gandhinagar and launched a slew of digital initiatives to boost the startups in the country. The prime minister launched ‘Digital India Bhashini’, ‘Digital India GENESIS’, and ‘Indiastack.global’, which are aimed at enhancing the accessibility of technology and streamlining service delivery as a boost to the startups.
Market Players Outlook
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, Pegasystems Inc. launched a Pega Infinity, its next-generation digital transformation software suite. With major enhancements to Pega’s customer engagement applications and digital process automation (DPA) platform, it supports organizations to accelerate digital transformation across all areas of their business to continuously exceed their customers’ expectations. Further, Pega Infinity offers the industry's only unified digital foundation that connects front-end digital customer experiences with back-end process automation.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital process automation 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
3.1.1. 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.
1. GLOBAL DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
2. GLOBAL CLOUD-BASED DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ON-PREMISES DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
5. GLOBAL DIGITAL PROCESS AUTOMATION BY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL DIGITAL PROCESS AUTOMATION BY SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
8. GLOBAL DIGITAL PROCESS AUTOMATION FOR AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DIGITAL PROCESS AUTOMATION FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DIGITAL PROCESS AUTOMATION FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DIGITAL PROCESS AUTOMATION FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DIGITAL PROCESS AUTOMATION FOR IT & TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL DIGITAL PROCESS AUTOMATION FOR TRANSPORT & LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL DIGITAL PROCESS AUTOMATION FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL DIGITAL PROCESS AUTOMATION FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. NORTH AMERICAN DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
19. NORTH AMERICAN DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
20. NORTH AMERICAN DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
21. EUROPEAN DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
23. EUROPEAN DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
24. EUROPEAN DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
29. REST OF THE WORLD DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
31. REST OF THE WORLD DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
32. REST OF THE WORLD DIGITAL PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
1. GLOBAL DIGITAL PROCESS AUTOMATION MARKET SHARE BY DEPLOYMENT, 2021 VS 2028 (%)
2. GLOBAL CLOUD-BASED DIGITAL PROCESS AUTOMATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL ON-PREMISES DIGITAL PROCESS AUTOMATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL DIGITAL PROCESS AUTOMATION MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
5. GLOBAL DIGITAL PROCESS AUTOMATION BY SOLUTIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL DIGITAL PROCESS AUTOMATION BY SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL DIGITAL PROCESS AUTOMATION MARKET SHARE BY END-USERS, 2021 VS 2028 (%)
8. GLOBAL DIGITAL PROCESS AUTOMATION FOR AEROSPACE & DEFENSE MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL DIGITAL PROCESS AUTOMATION FOR HEALTHCARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL DIGITAL PROCESS AUTOMATION FOR MANUFACTURING MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL DIGITAL PROCESS AUTOMATION FOR RETAIL MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL DIGITAL PROCESS AUTOMATION FOR IT & TELECOMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL DIGITAL PROCESS AUTOMATION FOR TRANSPORT & LOGISTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL DIGITAL PROCESS AUTOMATION FOR BFSI MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL DIGITAL PROCESS AUTOMATION FOR OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL DIGITAL PROCESS AUTOMATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. US DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
19. UK DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD DIGITAL PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
