Asia Pacific Business Process Automation Market By Component (Platforms (Without Services) and Services), By Business Function (Sales & Marketing Automation, Supply Chain Automation, Human Resource Automation, Accounting & Finance Automation, Customer Service Support Automation and Others), By Deployment Type (On-premise and Cloud), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (BFSI, Retail & Consumer Goods, Manufacturing, Healthcare, Telecom & IT and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Asia Pacific Business Process Automation Market would witness market growth of 15% CAGR during the forecast period (2020-2026). Organizations are starting to realize that automated business processes are important for better financial stability and development, while innovation is further boosted by the use of these components of the software.
Recurring manual processes and workflows can be automated by the BPA platform. Using this process, users can automate their tasks and activities across a wide range of applications that include sales and marketing, HR onboarding, accounting, and customer support services, and offer incorporation of various business systems for adaptability & simple usage.
With the help of BPA, companies become capable of substantially decrease the time and price required to model and install business processes, services, and applications. Aspects such as the rising requirement for simplifying business flows, adapting business processes, and constantly enhancing workflows to become more responsive toward customers’ changing needs and these factors massively increase the traction & adoption of these solutions. They enhance operational performance by automating and regulating activities within companies. They also provide efficient methods to attach heterogeneous systems within enterprises, enhance data quality, and decrease data entry efforts using workflow automation. Moreover, they decrease the time needed to develop and change business norms.
BPA Business Functions automate building, monitoring, and examining marketing campaigns and offer the assignment and management of quotas that allow markets to focus on strategy building tasks, due to which many companies in APAC are installing BPA platforms. The wastage of resources owing to the manual management of administrative tasks, low visibility into incentive compensations, and surge in attrition supports companies in the region to put investment in advanced BPA Business Functions.
The China market dominated the Asia Pacific Cloud Business Process Automation Market by Country 2019, growing at a CAGR of 14 % during the forecast period. The Japan market is showcasing a CAGR of 15.6% during (2020 - 2026). Additionally, The India market is anticipated to grow at a CAGR of 16.9% during (2020 - 2026).
The Large Enterprises market dominated the South Korea Business Process Automation Market by Enterprise Size 2019, thereby, achieving a market value of $279 million by 2026. The Small & Medium Enterprises market is expected to witness a CAGR of 17.7% during (2020 - 2026).
Based on Component, the market is segmented into Platforms (Without Services) and Services. Based on Business Function, the market is segmented into Sales & Marketing Automation, Supply Chain Automation, Human Resource Automation, Accounting & Finance Automation, Customer Service Support Automation and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & Consumer Goods, Manufacturing, Healthcare, Telecom & IT and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Software AG, Salesforce.com, Inc., Microsoft Corporation, Appian Corporation, Pegasystems, Inc., DXC Technology Company, AgilePoint, and Nintex, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Platforms (Without Services)
By Business Function
- Sales & Marketing Automation
- Supply Chain Automation
- Human Resource Automation
- Accounting & Finance Automation
- Customer Service Support Automation
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- Retail & Consumer Goods
- Telecom & IT
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Oracle Corporation
- Software AG
- Salesforce.com, Inc.
- Microsoft Corporation
- Appian Corporation
- Pegasystems, Inc.
- DXC Technology Company
- Nintex, Inc.
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