Business process automation market to grow by USD 9,951.8 million from 2022 to 2027 | Appian Corp., Bizagi Group Ltd. emerge as key contributors to growth - Technavio

NEW YORK, Aug. 2, 2023 /PRNewswire/ -- The latest report on the business process automation market, 2022-2027 estimates to register an incremental growth of USD 9,951.8 million. The market will progress at a CAGR of 14.47% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. Increasing demand for process automation in various industries drives the growth of the BPA market. Automation helps to optimize processes, increase productivity, and achieve higher levels of operational efficiency for organizations. This is enabled by automation tools, which can schedule production, monitor equipment, track inventory levels, and automate order fulfillment. The use of automation tools improves production efficiency, reduces costs, and ensures timely delivery. For instance, in the financial services sector, BPA solutions automate processes such as loan processing, account opening, invoice processing, and regulatory compliance. Hence, such factors boost the growth of the business process automation market during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

Business Process Automation Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

• Business Process Automation Market 2023-2027 Size
• Business Process Automation Market 2023-2027 Trends
• Business Process Automation Market 2023-2027 Industry Analysis

Business Process Automation Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Appian Corp., Bizagi Group Ltd., BONITASOFT SA, Compulink Management Center Inc., CREATIO EMEA Ltd., DXC Technology Co., FlowForma, Genpact Ltd., International Business Machines Corp., Kissflow Inc., Microsoft Corp., Newgen Software Technologies Ltd., Nintex Global Ltd., Open Text Corp., Oracle Corp., Pegasystems Inc., Salesforce Inc., Software AG, Thoma Bravo LP, and Vista Equity Partners Management LLC are among some of the major market participants.

VENDOR OFFERINGS

• Appian Corp. - The company offers a business process automation solution namely Appian Platform for process automation and process mining.
• Bizagi Group Ltd. - The company offers business process automation which boosts enterprise efficiency by analyzing, optimizing, and automating processes to gain visibility and transform operations.
• CREATIO EMEA Ltd. - The company offers business process automation including process modeling, execution, monitoring, and analysis.

What`s New for 2023?

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• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial
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Business Process Automation Market 2023-2027: Market Dynamics

High adoption process automation in retail and e-commerce is an emerging BPA market trend. Automation enables to synchronization of inventory across online and offline channels, automates order fulfillment, and provides self-service customer support options, improving order accuracy, speeding up fulfillment, and enhancing the overall customer experience. Furthermore, automation tools can also integrate customer data from multiple touchpoints to provide personalized and efficient support, leading to improved customer satisfaction. Hence, such trends fuel the growth of the BPA market during the forecast period.

Data security and privacy issues challenge the growth of the BPA market. In industries involving critical infrastructure such as oil and gas, electricity, and water and wastewater, data hacking and alteration are major security concerns. Medical devices, consumer, and automotive sectors are quite sensitive. Also, due to the increasing number of product patents and confidential information, it can be very difficult for individual industry players to adopt automated devices and IoT due to cyber threats. Hence, such challenges impede market growth during the forecast period.

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Business Process Automation Market 2023-2027: Segmentation

Business Process Automation Market is segmented as below:

• End-user 
• Large Enterprises
• SMEs
• Deployment 
• On Premise
• Cloud Based
• Geography 
• North America
• Europe
• APAC
• Middle East And Africa
• South America

The large enterprises segment will be significant during the forecast period.BPA enables companies to automate repetitive and time-consuming tasks, resulting in increased efficiency and productivity. With growth, enterprises. It also provides scalability by automating processes, allowing organizations to handle larger volumes of work without a proportional increase in resources. Factors such as the need for efficiency, cost savings, scalability, improved quality, competitive advantage, compliance, and the opportunities presented by technological advancements drive the demand for BPA in large enterprises during the forecast period. 

For insights on global, regional, and country-level parameters with growth opportunities, historic market data (2017 to 2021) & forecast market size (2023-2027) – Download a Sample Report

Business Process Automation Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist business process automation market growth during the next five years
• Estimation of the business process automation market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the business process automation market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the business process automation market, vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global business process automation market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global business process automation market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Deployment Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Large enterprises - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Large enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)

• 6.4 SMEs - Market size and forecast 2022-2027 
• Exhibit 38: Chart on SMEs - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on SMEs - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on SMEs - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on SMEs - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)
• Exhibit 43: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Deployment

• 7.1 Market segments
• Exhibit 44: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Deployment - Market share 2022-2027 (%)

• 7.2 Comparison by Deployment 
• Exhibit 46: Chart on Comparison by Deployment
• Exhibit 47: Data Table on Comparison by Deployment

• 7.3 On premise - Market size and forecast 2022-2027 
• Exhibit 48: Chart on On premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on On premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on On premise - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on On premise - Year-over-year growth 2022-2027 (%)

• 7.4 Cloud based - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Cloud based - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Cloud based - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Cloud based - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Cloud based - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Deployment 
• Exhibit 56: Market opportunity by Deployment ($ million)
• Exhibit 57: Data Table on Market opportunity by Deployment ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 87: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Appian Corp.
• Exhibit 111: Appian Corp. - Overview
• Exhibit 112: Appian Corp. - Product / Service
• Exhibit 113: Appian Corp. - Key news
• Exhibit 114: Appian Corp. - Key offerings

• 12.4 Bizagi Group Ltd.
• Exhibit 115: Bizagi Group Ltd. - Overview
• Exhibit 116: Bizagi Group Ltd. - Product / Service
• Exhibit 117: Bizagi Group Ltd. - Key offerings

• 12.5 Compulink Management Center Inc. 
• Exhibit 118: Compulink Management Center Inc. - Overview
• Exhibit 119: Compulink Management Center Inc. - Product / Service
• Exhibit 120: Compulink Management Center Inc. - Key offerings

• 12.6 CREATIO EMEA Ltd.
• Exhibit 121: CREATIO EMEA Ltd. - Overview
• Exhibit 122: CREATIO EMEA Ltd. - Product / Service
• Exhibit 123: CREATIO EMEA Ltd. - Key offerings

• 12.7 Genpact Ltd.
• Exhibit 124: Genpact Ltd. - Overview
• Exhibit 125: Genpact Ltd. - Business segments
• Exhibit 126: Genpact Ltd. - Key news
• Exhibit 127: Genpact Ltd. - Key offerings
• Exhibit 128: Genpact Ltd. - Segment focus

• 12.8 International Business Machines Corp. 
• Exhibit 129: International Business Machines Corp. - Overview
• Exhibit 130: International Business Machines Corp. - Business segments
• Exhibit 131: International Business Machines Corp. - Key news
• Exhibit 132: International Business Machines Corp. - Key offerings
• Exhibit 133: International Business Machines Corp. - Segment focus

• 12.9 Kissflow Inc.
• Exhibit 134: Kissflow Inc. - Overview
• Exhibit 135: Kissflow Inc. - Product / Service
• Exhibit 136: Kissflow Inc. - Key offerings

• 12.10 Microsoft Corp.
• Exhibit 137: Microsoft Corp. - Overview
• Exhibit 138: Microsoft Corp. - Business segments
• Exhibit 139: Microsoft Corp. - Key news
• Exhibit 140: Microsoft Corp. - Key offerings
• Exhibit 141: Microsoft Corp. - Segment focus

• 12.11 Nintex Global Ltd.
• Exhibit 142: Nintex Global Ltd. - Overview
• Exhibit 143: Nintex Global Ltd. - Product / Service
• Exhibit 144: Nintex Global Ltd. - Key offerings

• 12.12 Open Text Corp.
• Exhibit 145: Open Text Corp. - Overview
• Exhibit 146: Open Text Corp. - Product / Service
• Exhibit 147: Open Text Corp. - Key news
• Exhibit 148: Open Text Corp. - Key offerings

• 12.13 Oracle Corp.
• Exhibit 149: Oracle Corp. - Overview
• Exhibit 150: Oracle Corp. - Business segments
• Exhibit 151: Oracle Corp. - Key news
• Exhibit 152: Oracle Corp. - Key offerings
• Exhibit 153: Oracle Corp. - Segment focus

• 12.14 Pegasystems Inc.
• Exhibit 154: Pegasystems Inc. - Overview
• Exhibit 155: Pegasystems Inc. - Product / Service
• Exhibit 156: Pegasystems Inc. - Key news
• Exhibit 157: Pegasystems Inc. - Key offerings

• 12.15 Salesforce Inc.
• Exhibit 158: Salesforce Inc. - Overview
• Exhibit 159: Salesforce Inc. - Product / Service
• Exhibit 160: Salesforce Inc. - Key news
• Exhibit 161: Salesforce Inc. - Key offerings

• 12.16 Software AG
• Exhibit 162: Software AG - Overview
• Exhibit 163: Software AG - Business segments
• Exhibit 164: Software AG - Key offerings
• Exhibit 165: Software AG - Segment focus

• 12.17 Vista Equity Partners Management LLC 
• Exhibit 166: Vista Equity Partners Management LLC - Overview
• Exhibit 167: Vista Equity Partners Management LLC - Product / Service
• Exhibit 168: Vista Equity Partners Management LLC - Key news
• Exhibit 169: Vista Equity Partners Management LLC - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

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