Kenneth Research, in its repository of Market research reports, have recently added a report on Digital Process Automation Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Digital Process Automation Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Digital Process Automation Market products.

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Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.

The Digital Process Automation Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Digital Process Automation Market was valued at USD 6.6 Billion in the year 2017. Global Digital Process Automation Market is further estimated to grow at a CAGR of 14 % from 2019 to reach USD 18.67 Billion by the year 2025. North America region holds the highest Market share in 2017 and the Asia-Pacific Market is considered as the fastest growing Market in the forecasted period. At the country level, developed industries like the US as well the emerging industries like China with highest population base holds the notable Market share in 2017 and it is projected to grow at a gradual rate in the coming years.

Major market players in Digital Process Automation Market are IBM Corp., Infosys, Cognizant, Software AG, Oracle Corp., Pegasystems Inc., Appian, DST Systems Inc., OpenText Corp., Dxc Technology Company, and other 10 companies information is provided in the report. Technological upgradation to cater to changing demand of end users. Similarly, growth strategies such as acquisition & merger were few techniques adopted by most of the top players in the last 5 years.

SWOT analysis of Digital Process Automation Market:
Strength:
Rising adoption of the Low-Code Automation Platform
Weakness:
Lack of expertise
Opportunities:
Integration of artificial intelligence and machine learning
Threats:
Integration with tools and existing systems

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Segmentation done on the basis of Component includes solution and services of which the services segment is expected to hold the highest Market share during the forecast period. On the other hand, segmentation done on the basis of type include Cloud and On-Premise of which Cloud segment is expected to grow at the highest CAGR during the forecast period.

Digital Process Automation Market:
By Component
• Solution
• Services

By Function
• Sales Process Automation
• Supply Chain Automation
• Claims Automation
• Marketing Automation

By Type
• Cloud
• On-Premise

By Region
• North America
o USA
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia-Pacific
• RoW
o Latin America
o Middle East & Africa

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