Digital Process Automation Market Is Expected To Reach $24.2 Billion By 2028 At A CAGR Of More Than 13% As Per The Business Research Company’s Digital Process Automation Global Market Report 2024

Year End Offer By The Business Research Company – Get 33% Discount On Opportunities And Strategies Reports

LONDON, Feb. 06, 2024 (GLOBE NEWSWIRE) — As per The Business Research Company’s Digital Process Automation Global Market Report 2024, the digital process automation market has witnessed substantial growth, with the digital process automation market size soaring from $12.68 billion in 2023 to $14.42 billion in 2024, reflecting an impressive compound annual growth rate (CAGR) of 13.8%. This surge is attributed to various factors, including legacy system modernization, cost reduction initiatives, regulatory compliance requirements, the imperative to improve customer experience, and the pursuit of business agility and adaptability.

Anticipated Growth and Key Drivers

Foreseeing a continued upward trajectory, the digital process automation market is anticipated to experience rapid growth, reaching $24.29 billion by 2028, sustaining a CAGR of 13.9%. This digital process automation market growth is fueled by hyperautomation strategies, the ascent of low-code and no-code platforms, cloud-based DPA solutions, a heightened focus on employee experience, and the implementation of dynamic case management.

Learn More In-Depth On The Digital Process Automation Market

Key Trends Shaping the Future

Major trends in the forecast period include hyperautomation and intelligent process automation, low-code and no-code platforms, process mining for optimization, integration with robotic process automation (RPA), and a paramount focus on security and compliance. The evolution of these trends is set to redefine the landscape of digital process automation, offering enhanced efficiency and innovation.

Influence of Growing Demand for Digital Services

The surge in demand for digital services is expected to be a driving force behind the growth of the digital process automation market. Digital services, encompassing online platforms, e-commerce, and social media, are optimized through DPA by automating workflows, ensuring accuracy, and improving user satisfaction. For instance, the second quarter of 2023 saw a consumer value of $277.6 billion in retail e-commerce sales in the United States, reflecting a 7.5% growth rate from the same quarter in 2022.

Industry Leaders and Technological Integration

Key players in the digital process automation market, including Microsoft Corporation, Infosys Limited, Siemens AG, and Oracle Corporation, are at the forefront of innovation. Companies are integrating efforts to launch IoT-enabled open digital business platforms, exemplified by Siemens Xcelerator, aiming to accelerate digital transformation, automate work, and enhance client experiences.

Get A Free Sample Of The Global Digital Process Automation Market Report

Stakeholders across industries can leverage the insights provided in this comprehensive digital process automation market report to make informed decisions and fuel business growth. From understanding emerging trends, market dynamics, to tracking the strategies of industry leaders, the digital process automation market report equips organizations with valuable information to stay ahead in the competitive landscape of digital process automation.

Digital Process Automation Global Market Report 2024 by The Business Research Company provides insights on the digital process automation market size, digital process automation market segments, digital process automation market trends, drivers and restraints, major competitors’ market positioning, revenues and market shares.

The Business Research Company has published over 7,500+ industry reports, covering more than 2,500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Check Out Similar Market Intelligence Reports By The Business Research Company:

Electronic Design Automation Software Global Market Report 2024

Healthcare Automation Global Market Report 2024

Process Automation And Instrumentation Global Market Report 2024

Learn More About The Business Research Company

The Business Research Company is a market intelligence firm pioneering in company, market, and consumer research. With offices all around the world, TBRC has specialist consultants in a variety of fields, including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model – World’s Most Comprehensive Database

The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

CONTACT: The Business Research Company Europe: +44 207 1930 708 Asia: +91 8897263534 Americas: +1 315 623 0293 Email: Follow us on: LinkedIn: Twitter: Facebook: YouTube: Blog: Healthcare Blog: Global Market Model:

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. takes no editorial responsibility for the same.