Digital process automation market is anticipated to grow at a CAGR of 12.8% during the forecast period. Digital process automation uses low-code development tools to automate processes that can span multiple applications. It focuses on fully or partially automating tasks involved in a variety of business practices that typically require some form of human interaction. The growing demand for low code automation platforms is expected to propel the market growth during the forecast period. Low code automation offers improved agility, decreased cost, higher productivity, better customer experience, and more. Thus, such benefits associated with digital process automation are impelling market players to introduce new solutions and services. For instance, in March 2021, Ultimus, Inc. initiated the devlopment of the low-code application platform, the Ultimus Digital Process Automation Suite 2021. This new Ultimus version offers expanded AI/ML capabilities, faster solution composition, simplified end-to-end automation, improved user experience, comprehensive security, and tools for business owner control. Ultimus unites the three principal Ultimus product modules: Composed Process Solutions, Ultimus Adaptive BPM Suite, and Ultimus Advanced Task Service/WebClient. Ultimus’ “prescriptive” low-code application development environment is a “software factory” that generates highly sophisticated, tailor-made software applications with exceptional speed, consistency, and quality.
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The global digital process automation market is segmented based on the deployment, component, and end-users. Based on the deployment, the market is bifurcated into cloud and on-premises. Based on the component, the market is sub-segmented into solutions and services. Based on the end-users, the market is augmented into aerospace & defense, healthcare, manufacturing, retail, IT & telecommunications, transport & logistics, BFSI, and others. Among the component segment, the services segment is expected to grow at a considerable rate during the forecast period as services are a mandatory part of the software life cycle that comprises integration, deployment, product upgrade, maintenance, training, and consulting.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Digital Process Automation Market Report Segment
By Deployment
- Cloud
- On-Premises
By Component
- Solution
- Services
By End-Users
- Aerospace & Defense
- Healthcare
- Manufacturing
- Retail
- IT & Telecommunication
- Transport & Logistics
- BFSI
- Others
Global Digital Process Automation Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital process automation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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