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Global Digital Process Automation Market Size 2018-2023:The Digital Process Automation market is expected to register a CAGR of over 12.87% during the forecast period 2018 - 2023. The report profiles the on-cloud and on-premise providers of Digital Process Automation market software and service for various industries.
The market for digital process automation market is increasing at significant rate owing to the increasing adoption of AI and machine learning, rapid deployment of IoT and connected infrastructure, and proliferation of digital automated devices, which are driving the service digital process automation market growth to the large extent. Digital Process automation market aid business or enterprise to transform their service delivery and operations process to achieve higher accuracy, cost savings, and high productivity. Additionally, it generates a large amount of valuable information, which aid to make smarter and faster decisions, right from optimizing the current processes and operations to predict when, where, and how to provide best products and services.
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Globally, the market for digital process automation market is increasing at significant momentum, owing to the emergence of advanced process analytics, increased adoption of new technologies and proliferation of digital automated devices, which are driving the service digital process automation market growth to the large extent.
Growing Demand for Advanced Digital Process Automation
Companies across diverse verticals such as IBM Corporation, and Siemens AG are repetitively trying to find out the new areas through which they can reduce their total operational costs. Digital Process automation is one such area where this objective can be achieved. Digital Process automation market mainly refers to the replacement of human workforce with the new technology to reduce the operational costs which is expected to eliminate the human error and thus can be led to the achievement of additional benefits.
Increasingly the digital process automation market vendors are forming the strategic partnerships with technology leaders to combine their products with the latest technologies or some service delivery automation vendors. This will develop technologies on their own and can automate their products accordingly to compete with these technology vendors.
For instance [24]7.ai has done the partnership with Blue Prism to deliver new Artificial intelligence enabled automation capabilities for virtual agents in digital process automation.
North America the largest market in terms of global share
The major trends responsible for the growth of Digital Process Automation Market in the North American region include the diverse packaging increases demand for advanced sensing technology which will directly impact the increase of automated products. Improved technology and streamlined global supply chains/ logistics have untied the United States manufacturing from the limitations of geography. This emergence of international logistics networks means that the U.S. manufacturers can now efficiently and effectively deliver the finished products and raw materials anywhere around the globe. This trend has massively increased the economic opportunities of U.S. manufacturers and international competitors.
According to the Robotic Industries Association, 40% more robots were sold last year in the U.S., compared with four years prior.
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Key developments in the market
May 2018: Virtusa Corporation has done the expansion for the Pegasystems Solutions by accelerating the business outcomes for its clients, by launching the Pega Technology Innovation Lab, which will be focused on the digital process automation (DPA) research and innovation, in Hyderabad, India.
July2017: Appian has done a partnership with the Blue Prism to expand its product offerings with a New Robotic Digital workforce. Hence, the newly added digital workforce of software robots empowers the employees to focus on higher-value work while the autonomous multi-skilled software robots perform error-free repetitive tasks.
Major players: IBM CORPORATION, PEGASYSTEMS INC., YASH TECHNOLOGIES, APPIAN CORPORATION, ORACLE CORPORATION, SOFTWARE AG , DST SYSTEMS, INC., OPENTEXT CORPORATION, NEWGEN SOFTWARE TECHNOLOGIES LIMITED, and TIBCO SOFTWARE INC, among others.
Reasons to Purchase this Report
Provides latest insights into Global Digital Process Automation Market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
To understand the dominating technology in the market.
The region that is expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in Excel).
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Companies Mentioned:
IBM Corporation, Pegasystems Inc., YASH Technologies, Appian Corporation, Oracle Corporation, Software AG , DST Systems, Inc., Opentext Corporation, Newgen Software Technologies Limited, TIBCO Software Inc
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Table of Content
1. Introduction
2. Research Methodology
3. Executive Summary
4. Digital Process Automation Market Insights
5. Digital Process Automation Market Dynamics
6. Technology Snapshot
7. Global Digital Process Automation Market
8. Competitive Intelligence - Company Profiles
9. Investment Analysis
10. Future of Global Digital Process Automation Market
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