According to a new report, published by KBV research, The Global Digital Process Automation Market size is expected to reach $31.51 billion by 2031, rising at a market growth of 12.4% CAGR during the forecast period.
The On-Premise segment is experiencing a CAGR of 13.2% during (2024 - 2031). Many large organizations prefer on-premises deployment for digital process automation due to concerns about data security, compliance, and control over their infrastructure. On-premises solutions allow organizations to keep sensitive information within their data centers, offering greater security and customization to meet specific business needs. This deployment type is particularly popular among industries with strict regulatory requirements, such as banking and healthcare, where maintaining control over data and operations is crucial.
The Solution segment is leading the Global Digital Process Automation Market by Component in 2023; thereby, achieving a market value of $21,296.5 million by 2031. This growth is driven by the increasing demand for automation technologies, such as robotic process automation (RPA), artificial intelligence (AI), and machine learning (ML), which streamline business operations, improve efficiency, and reduce costs. Businesses are adopting these solutions to automate complex processes, enhance productivity, and deliver better customer experiences, contributing to a significant share of the solution segment in the market.
The Sales Process Automation segment captures a CAGR of 12.6% during (2024 - 2031). This is largely due to businesses recognizing the value of automating sales workflows to enhance efficiency, speed up lead conversions, and improve customer engagement. Automation in the sales process helps companies streamline tasks such as lead generation, follow-ups, customer segmentation, and sales forecasting, leading to a better customer experience and increased sales productivity. The demand for sales process automation is driven by businesses’ continuous efforts to remain competitive in a fast-paced, data-driven environment.
The Large Enterprises segment is generating the maximum revenue in the Global Digital Process Automation Market by Organization Size in 2023; thereby, achieving a market value of $18.43 billion by 2031. Large enterprises often adopt digital process automation to streamline their complex operations across various departments, improving efficiency and reducing operational costs. Implementing DPA technologies allows large organizations to automate routine processes, enhance data-driven decision-making, and foster greater scalability. This shift towards automation enables them to maintain a competitive advantage and meet the demands of modern business environments.
The Manufacturing segment exhibits a CAGR of 11.4% during (2024 - 2031). DPA is increasingly used in the manufacturing industry to optimize production lines, manage supply chains, and enhance inventory control. By automating repetitive and time-consuming tasks, manufacturers can improve operational efficiency, reduce errors, and speed up time-to-market for new products. Furthermore, the need for real-time monitoring, predictive maintenance, and quality control has led many manufacturers to turn to DPA solutions to stay competitive and innovative in an increasingly digitalized market.
Full Report: https://www.kbvresearch.com/digital-process-automation-market/
The North America region dominated the Global Digital Process Automation Market by Region in 2023; thereby, achieving a market value of $11 billion by 2031. The Europe region is expected to witness a CAGR of 12.2% during (2024 - 2031). Additionally, The Asia Pacific region would register a CAGR of 13.3% during (2024 - 2031).
By Deployment Mode
By Component
By Business Function
By Organization Size
By Vertical
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