What is the present valuation and projected CAGR of the business process automation market?
The business process automation market size has grown rapidly in recent years. It will grow from $14.87 billion in 2024 to $16.46 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to efficiency and cost savings, compliance requirements, legacy system integration, scalability demands, data analytics.
The business process automation market size is expected to see rapid growth in the next few years. It will grow to $29.59 billion in 2029 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to remote work enablement, customer experience focus, cybersecurity integration, customization and flexibility. Major trends in the forecast period include technology advancements, hyperautomation, focus on customer experience, low-code and no-code platforms, intelligent document processing.
Get Your Free Sample of The Global Business Process Automation Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7544&type=smp
Which industry factors have accelerated the business process automation market’s expansion?
An increase in customer face time and customer experience is expected to propel the growth of the business process automation market. Customer face time is an important metric that includes any time spent talking with customers. Customer experience refers to the overall perception that customers have of your brand during the entire buyer’s journey. Software for business process automation puts the customer experience first. Data cleaning, programmable automation, and reporting are features that guarantee efficient transactions, prompt responses, and individualized care. For instance, in April 2022, according to Emplifi Czech Republic-based company that specialized in AI-powered social marketing, 25% of businesses anticipate combining marketing, sales, and customer experience (CX) into a single department by 2023. A customer care officer, customer care officer, or executives with similar responsibilities are now employed by over 90% of businesses. 52% of consumers want a response from a business within an hour, and 75% of consumers believe it is crucial for firms to provide them with a fully self-service customer care option. 39% said they had to wait longer than two hours for a response. An increase in customer face time and customer experience is driving the business process automation growth.
What are the primary segments of the business process automation market?
The business process automation market covered in this report is segmented –
1) By Component: Platforms, Services
2) By Deployment Type: Cloud, On Premises
3) By Organization Size: Large Enterprises, SME’s
4) By Function: Human Resource Automation, Supply Chain Automation, Sales And marketing Automation, Accounting And Finance Automation, Customer Service Support Automation
5) By Vertical: BFSI, Manufacturing, IT, Telecommunications, Retail And Consumer Goods, Healthcare
Subsegments:
1) By Platforms: Business Process Management (BPM) Software, Workflow Automation Tools, Robotic Process Automation (RPA) Solutions, Low-Code Or No-Code Development Platforms
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/business-process-automation-global-market-report
Which firms are leading the business process automation market?
Major companies operating in the business process automation market include Microsoft Corporation, Bizagi Limited, International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce.com Inc., ServiceNow Inc., OpenText Corporation, Red Hat Inc., Pegasystems Inc., Software AG, UiPath Inc., Celonis SE, OutSystems Inc., Appian Corporation, Automation Anywhere Inc., Kofax Inc., MuleSoft LLC, Mendix a Siemens business, Blue Prism Group plc, Signavio GmbH, Kryon Systems Ltd., Laserfiche, Nintex Inc., ProcessMaker Inc., Camunda, WorkFusion Inc., Bonitasoft SA, AuraQuantic, Jacada Ltd.
Which market trends are set to define the future of the business process automation market?
Technological advancement is a key trend gaining popularity in the business process automation market. Major companies in the business process automation market are advancing in their new technologies and research and development such as Pegasystems newly updated Pega Infinity. For instance, in May 2022, UiPath, a US-based software company introduced Automation Cloud Robot. The VM automation cloud robot offers an on-demand windows virtual machine that integrates custom software and scales according to user needs. Additionally, the serverless automation cloud robot provides a pool of robots that run automation jobs securely and immediately, eliminating the need for dedicated infrastructure.
Which geographic trends are shaping the business process automation market, and which region has the highest market share?
The countries covered in the business process automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Business Process Automation Market Report 2025 Offer?
The business process automation market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Business process automation refers to the application of cutting-edge technology to finish business processes with the least amount of human involvement. The business process automation is used with greater efficiency, higher productivity, increase in profits, time savings, and many more.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7544
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
