Global Digital Process Automation Market Size study, by Component, by Business Function, by Organization Size, by Deployment Type, by Industry Vertical and Regional Forecasts 2022-2032

Description

Global Digital Process Automation Market is valued at approximately USD 14.03 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 13.27% over the forecast period 2024-2032. Digital Process Automation (DPA) involves using digital technologies to streamline and automate business processes, enhancing efficiency and accuracy. By integrating tools such as artificial intelligence, machine learning, and robotic process automation, DPA reduces manual intervention, accelerates workflows, and improves operational agility. It aims to optimize end-to-end processes, from simple tasks to complex operations, ensuring consistent and reliable outcomes. DPA is crucial for organizations seeking to innovate, scale, and maintain a competitive edge in fast-paced digital landscape.

The Global Digital Process Automation Market is driven by increasing integration of AI and machine learning in automation, coupled with the surge in the adoption of low-code automation platforms, are pivotal factors driving the market's growth. Digital process automation enhances business operations, enabling organizations to become more customer-centric and responsive to evolving customer demands while facilitating innovative product development. The adoption of robotic process automation (RPA) solutions is further anticipated to expand opportunities within the digital process automation market during the forecast period. However, concerns regarding data security and privacy, along with a lack of technical expertise, pose significant challenges to the market's growth. Despite these restraints, the demand for digital process automation is rising as businesses increasingly focus on digitizing their operations. This shift aims to meet customer expectations more efficiently and support the introduction of new products to the market. The digital process automation industry enables businesses to innovate by creating a digitized and intelligent operating model that supports risk-taking in product development.

The regional analysis of the global digital process automation market reveals that North America dominated the market in 2023 and is expected to maintain this position during the forecast period. This dominance is attributed to advancements in automation technologies, particularly those incorporating industry-specific AI and machine learning solutions. In contrast, the Asia Pacific region is anticipated to exhibit significant growth during the forecast period, driven by supportive government initiatives in the manufacturing sector, increased adoption of digitalization solutions, and technological advancements. Furthermore, the market in Asia Pacific is anticipated to develop at the fastest rate over the forecast period 2024-2032.

Major market player included in this report are:

IBM Corporation
Infosys Limited
Cognizant
Appian
Pegasystems Inc.
LTIMindtree Limited
Oracle Corporation
Software AG
OpenText Corporation
SS&C Technologies, Inc.

The detailed segments and sub-segment of the market are explained below:

By Component

Solution
Services

By Business Function

Sales Process Automation
Supply Chain Automation
Claims Automation
Marketing Automation

By Organization Size

Large Enterprises
Small and Medium-Sized Enterprises

By Deployment Type

On-Premises
Cloud

By Industry Vertical

BFSI
IT and Telecom
Healthcare
Retail
Manufacturing
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Digital Process Automation Market Executive Summary

1.1. Global Digital Process Automation Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Business Function
- 1.3.3. By Organization Size
- 1.3.4. By Deployment Type
- 1.3.5. By Industry Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Digital Process Automation Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Digital Process Automation Market Dynamics

3.1. Market Drivers
- 3.1.1. Integration of AI and Machine Learning in Automation
- 3.1.2. Adoption of Low-Code Automation Platforms
- 3.1.3. Proliferation of Robotic Process Automation (RPA) Solutions
3.2. Market Challenges
- 3.2.1. Data Security and Privacy Concerns
- 3.2.2. Lack of Technical Expertise
3.3. Market Opportunities
- 3.3.1. Increasing Adoption of Digitalization Solutions
- 3.3.2. Advancements in Automation Technologies
- 3.3.3. Supportive Government Initiatives in Manufacturing Sector

Chapter 4. Global Digital Process Automation Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Digital Process Automation Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Digital Process Automation Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Solution
- 5.2.2. Services

Chapter 6. Global Digital Process Automation Market Size & Forecasts by Business Function 2022-2032

6.1. Segment Dashboard
6.2. Global Digital Process Automation Market: Business Function Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Sales Process Automation
- 6.2.2. Supply Chain Automation
- 6.2.3. Claims Automation
- 6.2.4. Marketing Automation

Chapter 7. Global Digital Process Automation Market Size & Forecasts by Organization Size 2022-2032

7.1. Segment Dashboard
7.2. Global Digital Process Automation Market: Organization Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Large Enterprises
- 7.2.2. Small and Medium-Sized Enterprises

Chapter 8. Global Digital Process Automation Market Size & Forecasts by Deployment Type 2022-2032

8.1. Segment Dashboard
8.2. Global Digital Process Automation Market: Deployment Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. On-Premises
- 8.2.2. Cloud

Chapter 9. Global Digital Process Automation Market Size & Forecasts by Industry Vertical 2022-2032

9.1. Segment Dashboard
9.2. Global Digital Process Automation Market: Industry Vertical Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. BFSI
- 9.2.2. IT and Telecom
- 9.2.3. Healthcare
- 9.2.4. Retail
- 9.2.5. Manufacturing
- 9.2.6. Others

Chapter 10. Global Digital Process Automation Market Size & Forecasts by Region 2022-2032

10.1. North America Digital Process Automation Market
- 10.1.1. U.S. Digital Process Automation Market
  - 10.1.1.1. Component breakdown size & forecasts, 2022-2032
  - 10.1.1.2. Business Function breakdown size & forecasts, 2022-2032
  - 10.1.1.3. Organization Size breakdown size & forecasts, 2022-2032
  - 10.1.1.4. Deployment Type breakdown size & forecasts, 2022-2032
  - 10.1.1.5. Industry Vertical breakdown size & forecasts, 2022-2032
- 10.1.2. Canada Digital Process Automation Market
  - 10.1.2.1. Component breakdown size & forecasts, 2022-2032
  - 10.1.2.2. Business Function breakdown size & forecasts, 2022-2032
  - 10.1.2.3. Organization Size breakdown size & forecasts, 2022-2032
  - 10.1.2.4. Deployment Type breakdown size & forecasts, 2022-2032
  - 10.1.2.5. Industry Vertical breakdown size & forecasts, 2022-2032
10.2. Europe Digital Process Automation Market
- 10.2.1. UK Digital Process Automation Market
  - 10.2.1.1. Component breakdown size & forecasts, 2022-2032
  - 10.2.1.2. Business Function breakdown size & forecasts, 2022-2032
  - 10.2.1.3. Organization Size breakdown size & forecasts, 2022-2032
  - 10.2.1.4. Deployment Type breakdown size & forecasts, 2022-2032
  - 10.2.1.5. Industry Vertical breakdown size & forecasts, 2022-2032
- 10.2.2. Germany Digital Process Automation Market
- 10.2.3. France Digital Process Automation Market
- 10.2.4. Spain Digital Process Automation Market
- 10.2.5. Italy Digital Process Automation Market
- 10.2.6. Rest of Europe Digital Process Automation Market
10.3. Asia Pacific Digital Process Automation Market
- 10.3.1. China Digital Process Automation Market
- 10.3.2. India Digital Process Automation Market
- 10.3.3. Japan Digital Process Automation Market
- 10.3.4. Australia Digital Process Automation Market
- 10.3.5. South Korea Digital Process Automation Market
- 10.3.6. Rest of Asia Pacific Digital Process Automation Market
10.4. Latin America Digital Process Automation Market
- 10.4.1. Brazil Digital Process Automation Market
- 10.4.2. Mexico Digital Process Automation Market
- 10.4.3. Rest of Latin America Digital Process Automation Market
10.5. Middle East & Africa Digital Process Automation Market
- 10.5.1. Saudi Arabia Digital Process Automation Market
- 10.5.2. South Africa Digital Process Automation Market
- 10.5.3. Rest of Middle East & Africa Digital Process Automation Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. IBM Corporation
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. Infosys Limited
- 11.3.3. Cognizant
- 11.3.4. Appian
- 11.3.5. Pegasystems Inc.
- 11.3.6. LTIMindtree Limited
- 11.3.7. Oracle Corporation
- 11.3.8. Software AG
- 11.3.9. OpenText Corporation
- 11.3.10. SS&C Technologies, Inc.

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes