According to a new report Global Business Process Automation Market, published by KBV research, The Global Business Process Automation Market size is expected to reach $19.4 billion by 2026, rising at a market growth of 13.2% CAGR during the forecast period.
The adoption of cloud-based deployment is very high as they offer enhanced scalability and adaptability. Cloud-based model offers different types of advantages like lower prices, no need for manpower for hardware maintenance, rapid and effective outcomes, and total flexibility and scalability allows customers to simply store and retrieves pragmatic insights at any place and at any time. Due to these advantages, SMEs are shifting their preferences towards adopting cloud-deployment mode. The cloud-based deployment type allows users to simply access BPA platforms from a remote area in real-time.
The Large Enterprises market dominated the Global Business Process Automation Market by Enterprise Size 2019, growing at a CAGR of 12.3 % during the forecast period. The Small & Medium Enterprises market is expected to witness a CAGR of 14.5% during (2020 - 2026).
The North America market dominated the Global Business Process Automation Market by Region 2019. Asia Pacific (APAC) is expected to grow with a prominent growth rate throughout the forecast period. APAC has observed the advanced and dynamic adoption of emerging technologies and would exhibit a promising growth rate during the forecast period. Additionally, IT expenditure in the region is slowly increasing, which would augment the adoption of BPA business functions. China, India, Japan, and ANZ are the major countries with respect to the adoption of BPA business functions and services in the region.
Full Report: https://www.kbvresearch.com/business-process-automation-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Oracle Corporation, Software AG, Salesforce.com, Inc., Microsoft Corporation, Appian Corporation, Pegasystems, Inc., DXC Technology Company, AgilePoint, and Nintex, Inc.
By Component
By Business Function
By Deployment Type
By Enterprise Size
By End User
By Geography
Companies Profiled
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