PUBLISHER: Value Market Research | PRODUCT CODE: 1319910
PUBLISHER: Value Market Research | PRODUCT CODE: 1319910
The global demand for Digital Process Automation Market is presumed to reach the market size of nearly USD 34.29 BN by 2030 from USD 11.61 BN in 2022 with a CAGR of 14.5% under the study period 2023 - 2030.
Digital process automation (DPA) refers to the use of digital technology and software tools to automate and streamline business processes, workflows, and tasks. It involves the integration of technologies such as artificial intelligence (AI), robotic process automation (RPA), machine learning, and business process management (BPM) to digitize and optimize processes, reducing manual effort and errors and improving efficiency.
Organizations are increasingly focused on improving operational efficiency, reducing costs, and streamlining their processes. Digital process automation enables the automation of repetitive and rule-based tasks, leading to reduced errors, faster turnaround times, and optimized resource utilization. Digital transformation initiatives also drive its adoption as organizations seek to digitize and optimize their processes for better agility and data integration. Regulatory compliance and risk mitigation requirements further contribute to the demand for these solutions as automation ensures consistency and adherence to regulations. Customer experience and service excellence are key drivers, with digital process automation enabling organizations to automate customer-centric processes, improve response times, and provide personalized interactions. Advancements in artificial intelligence and machine learning enhance its capabilities by enabling intelligent automation, complex decision-making, and data analysis. Scalability and agility are crucial in today's dynamic business environment, prompting organizations to adopt digital process automation solutions that can quickly scale to handle increased volumes and adapt to changing requirements. Industry-specific challenges, such as administrative tasks in healthcare or supply chain optimization in manufacturing, also drive the demand for tailored DPA solutions.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of digital process automation. The growth and trends of digital process automation industry provide a holistic approach to this study.
This section of the digital process automation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Digital Process Automation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Digital Process Automation market include IBM (US), Appian (US), DST Systems (US), OpenText (Canada), K2 (US), Bizagi (England), DXC (US), Infosys (India), Oracle (US), Pegasystems (US), Tibco (US), Software AG (Germany), Cognizant (US), Mindtree (India), Newgen software (India), Nintex (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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