North America 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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The North America Business Process Automation Market would witness market growth of 11.5% CAGR during the forecast period (2020-2026). Business process automation is increasingly changing the process of work done, so it needs acceptance and support from main stakeholders.
The range of the automation will decide the degree of executive dedication required for a BPA effort. Workers, who are afraid to lose their jobs due to the automation, also must be included in the loop. Whether the BPA project is as simple as converting a paper form into electronic format and navigating it to the suitable people, or a transformative automation effort made to encourage a new business model, workers influenced by the automation require to be trained on the new workflow processes and realize the business value the BPA technology offers.
Companies also achieve transparency in their workflows by streamlining a business process by using automation. With the help of BPA software, companies can get the capabilities to observe the process steps on a single dashboard, and this software offer visibility into the status of process activities, from task reviews to the approval process. Automation can also allow that compliance norms are followed. BPA has become an essential aspect in the search by today’s companies to become digital businesses. Process automation is necessary to bring Digital transformation, which frequently starts with changing information into computer-readable formats, which then become an aspect of enterprise-wide automation.
North America is an advanced market due to the existence of leading players providing BPA solutions. Further, its healthy financial position allows it to put hefty investment in the adoption of the emerging and major equipment and technologies with an aim to ensure efficient business operations. These benefits aid regional companies to get a competitive advantage. North America has the first-mover advantage in the acceptance of emerging technologies, like cloud platforms and Smartphones.
The US market dominated the North America Business Process Automation Services Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 16.3% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 15.3% during (2020 - 2026).
The Sales & Marketing Automation market dominated the US Business Process Automation Market by Business Function 2019, thereby, achieving a market value of $1,223.6 million by 2026. The Supply Chain Automation market is showcasing a CAGR of 9.8% during (2020 - 2026). Additionally, The Human Resource Automation market is exhibiting a CAGR of 11.4% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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