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Digital Process Automation Market Size Predictions suggest a rise of 14.6% CAGR, To Reach value of USD 41.1 Billion by 2032

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TOKYO, July 17, 2023 (GLOBE NEWSWIRE) — The Digital Process Automation Market is poised for significant growth as organizations increasingly embrace digital transformation and automation to streamline their business processes. Digital process automation involves the use of advanced technologies, such as artificial intelligence, machine learning, robotic process automation, and workflow management systems, to automate and optimize various business processes. This article provides an in-depth analysis of the Digital Process Automation Market, including market highlights and stats, market analysis, current market trends, growth fueling factors, market challenges, segmentation of the market, regional analysis, and a list of key players.

Digital Process Automation Market Highlights and Stats:

  • The Global Digital Process Automation Market is projected to reach a valuation of USD 41.1 billion by 2032, from the current m-cap of USD 10.8 Billion, growing at a remarkable CAGR of 14.6% from 2023 to 2032.
  • The Digital Process Automation Market is witnessing significant adoption across industries, including banking and finance, healthcare, manufacturing, retail, and IT and telecommunications.
  • North America currently holds the largest market share, followed by Europe and Asia Pacific.
  • The Digital Process Automation Market is driven by factors such as the need for operational efficiency, cost reduction, improved customer experience, and regulatory compliance.

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Digital Process Automation Market Report Coverage:

Market Digital Process Automation Market
Digital Process Automation Market Size 2022 USD 10.8 Billion
Digital Process Automation Market Forecast 2032 USD 41.1 Billion
Digital Process Automation Market CAGR During 2023 – 2032 14.6%  
Digital Process Automation Market Analysis Period 2020 – 2032
Digital Process Automation Market Base Year 2022  
Digital Process Automation Market Forecast Data 2023 – 2032
Segments Covered By Business Function, By Component, By Organization Size, By Deployment Type, And By Geography
Digital Process Automation Market Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Appian, Cognizant, IBM Corporation, Infosys Limited, LTIMindtree Limited, Pegasystems Inc., Open Text Corporation, Oracle Corporation, SS&C Technologies, Inc. and Software AG.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Digital Process Automation Market Analysis:

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The Digital Process Automation Market is witnessing significant growth as organizations strive for operational efficiency, cost reduction, and improved customer experience. The market presents opportunities for intelligent process automation, low-code/no-code platforms, hyper automation, and process mining. Factors such as digital transformation initiatives, demand for operational efficiency, regulatory compliance requirements, and a focus on customer experience drive market expansion. However, challenges related to legacy system integration, change management, workforce adoption, and data security need to be addressed for sustained market growth. The Digital Process Automation Market offers opportunities for key players to innovate, collaborate, and capitalize on the growing demand for automation solutions in the global business landscape.

Digital Process Automation Market Trends:

  • Intelligent Process Automation: The integration of artificial intelligence, machine learning, and robotic process automation is enabling intelligent process automation. This trend enhances automation capabilities, enabling systems to learn, adapt, and make intelligent decisions.
  • Low-Code/No-Code Platforms: The rise of low-code/no-code platforms simplifies the process of developing and deploying digital process automation solutions. These platforms empower business users to build and customize applications without extensive coding knowledge, accelerating the implementation of automation initiatives.
  • Hyper Automation: Hyper Automation combines various automation technologies, including robotic process automation, artificial intelligence, machine learning, and analytics, to automate complex end-to-end business processes. This trend enables organizations to achieve higher levels of automation and efficiency.
  • Process Mining: Process mining utilizes data analytics techniques to analyze and optimize business processes. By analyzing event logs and data from various systems, organizations gain insights into process bottlenecks, inefficiencies, and improvement opportunities.

Digital Process Automation Market Growth Fueling Factors:

Digital Transformation Initiatives: Organizations across industries are actively pursuing digital transformation initiatives to enhance operational efficiency, agility, and customer experience. Digital process automation plays a vital role in these initiatives by automating manual and repetitive tasks.

Demand for Operational Efficiency: In today’s competitive business landscape, organizations strive for operational efficiency and cost reduction. Digital process automation helps streamline workflows, reduce errors, and improve process cycle times, leading to enhanced efficiency.

Regulatory Compliance Requirements: Stringent regulatory requirements in industries such as banking, finance, healthcare, and manufacturing drive the adoption of digital process automation. Automation ensures compliance, reduces the risk of errors, and provides audit trails for regulatory purposes.

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Focus on Customer Experience: Organizations prioritize delivering exceptional customer experiences. Digital process automation enables faster response times, personalized interactions, and seamless customer journeys, resulting in improved customer satisfaction.

Digital Process Automation Market Challenges:

Legacy Systems Integration: Many organizations face challenges in integrating digital process automation solutions with existing legacy systems. Legacy system complexities and data silos may hinder smooth integration and require careful planning and implementation.

Change Management and Workforce Adoption: Successful implementation of digital process automation requires effective change management and workforce adoption. Organizations need to manage the cultural shift, provide adequate training, and address employee concerns to ensure a smooth transition.

Data Security and Privacy: With automation, the handling of sensitive data becomes crucial. Ensuring data security, privacy, and compliance with regulations such as GDPR and CCPA poses challenges for organizations implementing digital process automation.

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Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/digital-process-automation-market

Segmentation of the Digital Process Automation Market:

Based on Function

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

Digital Process Automation Components

  • Solution
  • Service
  1. Managed Services
  2. Professional Services
    1. Support Services
    2. Implementation Services
    3. Advisory Services

Digital Process Automation Organization Sizes

  • SMEs
  • Large Enterprises

Based on Deployment Type

  • Cloud
  • On-Premises

By Industry Verticals

  • Healthcare
  • IT and Telecom
  • Manufacturing
  • Retail
  • BFSI
  • Other

Regional Analysis of the Digital Process Automation Market:

North America currently dominates the Digital Process Automation Market, driven by the presence of technologically advanced organizations, early adoption of automation solutions, and a supportive regulatory environment. Europe is also a significant market, fueled by the focus on digital transformation and stringent regulatory requirements. The Asia Pacific region is witnessing rapid market growth due to the increasing adoption of automation solutions by industries such as manufacturing, finance, and healthcare. Latin America, Africa, and the Middle East are expected to exhibit substantial growth potential, driven by digitalization initiatives and the need for process optimization.

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Digital Process Automation Market Key Players:

IBM Corporation, Microsoft Corporation, Pegasystems Inc., Appian Corporation, UiPath Inc., Automation Anywhere Inc., Kofax Inc., Blue Prism Group plc, Nintex Ltd., Bizagi Ltd., Oracle Corporation, SAP SE, Software AG, Red Hat, Inc. and Bonitasoft SA.

Browse More Research Topic on Automation Industries Related Reports:

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The Global Irrigation Automation Market size was valued at USD 4.3 Billion in 2022 and is projected to reach USD 21.2 Billion by 2032 mounting at a CAGR of 17.5% from 2023 to 2032.

The Global Mining Automation Market size accounted for USD 3,301 Million in 2021 and is estimated to reach USD 6,416 Million by 2030, with a significant CAGR of 7.8% from 2022 to 2030.

The Global Pharmacy Automation Market size accounted for USD 5,083 Million in 2021 and is expected to reach USD 10,402 Million by 2030 with a considerable CAGR of 8.6% during the forecast timeframe of 2022 to 2030.

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Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Artificial Intelligence

Explore Madrid Like Never Before: New Partnership Between Wego and MADRID TURISMO by IFEMA Madrid

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DUBAI, UAE, June 25, 2024 /PRNewswire/ — Wego, the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), is delighted to announce a groundbreaking partnership with MADRID TURISMO by IFEMA Madrid as part of their “Only in Madrid” campaign. This initiative aims to boost awareness about the vibrant culture and unique attractions of Madrid, inviting travelers from the GCC to explore the Spanish capital like never before.

 
 
This collaboration sheds light on Madrid’s history, stunning architecture, and dynamic cultural scene. The campaign will emphasize Madrid’s blend of traditional charm and modern sophistication, presenting it as a premier travel destination for GCC residents and visitors. It aims to showcase the best of Madrid, fostering a deeper connection between the Spanish Capital and the Gulf region.
“Wego is excited to bring the diverse and vibrant experiences of Madrid to travellers from the Gulf region,” said Mamoun Hmedan, Chief Business Officer of Wego. Our partnership with MADRID TURISMO by IFEMA Madrid will enhance travel opportunities and highlight the best of Madrid to Gulf travelers. Madrid’s unique blend of historical richness, cultural vibrancy, and modern appeal makes it a perfect destination for our audience.”
Travellers can embark on an unforgettable adventure tailored to their individual interests. History buffs can delve into iconic landmarks and UNESCO sites, while art lovers will be captivated by the world-renowned Triangle of Art. Foodies will rejoice in Michelin-starred restaurants (28 establishments boasting an impressive 36 stars!) and vibrant neighbourhoods overflowing with culinary delights.
MADRID TURISMO by IFEMA Madrid said: “By highlighting the destination’s unique offerings, Wego and MADRID TURISMO by IFEMA Madrid aim to inspire more travellers to experience the magic of Madrid, fostering lasting memories and enriching cross-cultural connections.”
Travelers get to experience the birthplace of Flamenco Tablao and immerse themselves in the captivating spirit of Spain. For a touch of tranquillity, they can venture beyond the city to explore charming towns and villas. From historical immersion to cultural experiences, Madrid caters to every desire.
About Wego
Wego is the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA).
It provides award-winning travel search websites and top-ranked mobile apps for travelers living in the Asia Pacific and the Middle East regions. Wego harnesses powerful yet simple to use technology that automates the process of searching and comparing results from hundreds of airlines, hotels, and online travel agency websites.
Wego presents an unbiased comparison of all travel products and prices offered in the marketplace by merchants, both local and global, and enables shoppers to quickly find the best deal and place to book whether it is from an airline or hotel directly or with a third-party aggregator website.
The company was founded in 2005 and is dual headquartered in Dubai and Singapore with regional operations in Bangalore, Riyadh, Cairo, Lahore, and Kuala Lumpur.
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Artificial Intelligence

Aetion Launches Barcelona Technology Hub and Appoints Ken Watson as Chief Technology Officer

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BARCELONA, Spain, June 24, 2024 /PRNewswire/ — Aetion®, the global leader in real-world evidence (RWE) technology and analytics, announced today the creation of an RWE technology hub in Barcelona, Spain, to convene the most capable group of dedicated RWE technologists in the industry. Aetion also announced the appointment of Ken Watson as Chief Technology Officer (CTO). Ken draws upon his decades of experience at companies such as Microsoft, the Toronto Stock Exchange, and WeWork — as well as several startups he co-founded — and is responsible for leading Aetion’s overall engineering and product strategy.

Aetion established a presence in Barcelona in 2021 and has steadily grown its team there since. As part of the launch of its technology hub, Aetion will more than double the size of its engineering team in Spain, drawing top technical talent locally and from around Europe. The Barcelona team will work across Aetion’s product suite, enhancing existing offerings and continuing to innovate at the forefront of RWE technology. The recent release of Aetion® Discover — the first Aetion product to be built in Barcelona — was a turning point in establishing the city as Aetion’s new technology hub. Aetion Discover is a visual-first application designed for exploratory analyses on wide-ranging research questions from disease burden to unmet need, real-world value, and more, and it is already transforming the way clients generate insights quickly and at scale.
Ken joined Aetion in August 2023 as SVP of Engineering and, early on, led the successful launch of Discover and product enhancements such as an R development environment integrated with Aetion applications, workflow updates to Aetion® Substantiate, and new data management capabilities in the Aetion Evidence Platform®.
“As a technology leader of companies at all stages and sizes, and as a multi-time founder himself, Ken is the ideal person to lead Aetion’s overall technology and product organization and our Barcelona technology hub,” said Jeremy Rassen, Aetion President and Co-Founder. “His expertise in building global teams, combined with the mission-driven engineering talent in Barcelona, will be put toward solving complex problems and further accelerating our ambitious software roadmap.”
Ken shared, “I am honored to be stepping into the CTO role at this inflection point for Aetion. Building high-quality software in a rapidly evolving field takes entrepreneurial spirit and technical know-how, and I’m thrilled to bring my skills to help answer today’s most pressing questions in healthcare. With our expanded and co-located Barcelona team working closely with our world-class epidemiologists and data scientists, I am confident in our ability to deliver the next wave of software innovation that’s so critically needed in this era of novel treatment proliferation.”
Aetion is the only company to offer a full range of software products to turn real-world data into real-world evidence. All Aetion applications are built upon its flagship Aetion Evidence Platform, providing interoperability across applications while consistently drawing upon virtually any source data and hosting environment.
Contact [email protected] for more information on Aetion software and services, or [email protected] to inquire about roles in Aetion’s Barcelona Technology Hub.
About Aetion®
Aetion is a healthcare analytics company that delivers real-world evidence for the manufacturers, purchasers, and regulators of medical treatments and technologies. Aetion’s suite of real-world data analytics applications analyzes data from the real world to produce transparent, rapid, and scientifically validated answers on safety, effectiveness, and value. Founded by Harvard Medical School faculty members with decades of experience in epidemiology and health outcomes research, Aetion informs healthcare’s most critical decisions—what works best, for whom, and when—to guide product development, commercialization, and payment innovation. Learn more at aetion.com.
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Artificial Intelligence

Workers embrace AI and prioritise skills growth amid rising workloads and an accelerating pace of change: PwC 2024 Global Workforce Hopes & Fears Survey

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Almost half (45%) of workers say their workload has increased significantly in the past year, as almost two-thirds (62%) say the pace of change at work has increased over the same timeMore than one-quarter (28%) say they are very or extremely likely to switch employer in the next 12 months – a higher proportion than during the ‘Great Resignation’ (19%) in 2022Employees prioritise skills-growth: fewer than half (46%) strongly or moderately agree that their employer provides adequate opportunities to learn new skills. This is particularly important for workers considering leaving: two-thirds (67%) say opportunities to learn new skills are a key factor in any decision to job-switchMore than 80% of workers who use generative AI daily expect it to make their time at work more efficient in the next 12 months. Half (49%) of all users expect it to lead to higher salariesCost-of-living pressures ease slightly: the proportion of workers with money left over each month rises to 45% (compared to 38% in 2023). However, 52% say they are still financially stressedLONDON, June 25, 2024 /PRNewswire/ — Among more than 56,000 workers across 50 countries and territories, many say they are prioritising long-term skills growth to accelerate their careers amid rising workloads and heightened workplace uncertainty, according to PwC’s 2024 Global Workforce Hopes & Fears Survey, published today.

In the last 12 months, workers say they have experienced rising workloads (45%) and an accelerating pace of workplace change. Nearly two-thirds (62%) say they have experienced more change at work in the past year than the 12 months prior, with two-fifths (40%) noting their daily responsibilities have changed to a large or very large extent. Almost half (44%) don’t understand the purpose of changes taking place.
In the midst of this growing mix of employee pressures, the findings suggest workers are alert to opportunities elsewhere, and are highly focused on skills growth and embracing AI.
More than one-quarter (28%) say they are likely to switch employer in the next 12 months, a percentage far higher than during the ‘Great Resignation’ (19%) of 2022. Two-thirds (67%) of those considering moving say skills is an important factor in their decision to stay with their current employer or switch to a new one.
Carol Stubbings, Global Markets and Tax & Legal Services (TLS) Leader, PwC UK, said:
“As workers face heightened uncertainty, rising workloads and continue to face financial stress, they are prioritising skills growth and embracing new and emerging technologies such as GenAI to turbocharge their growth and accelerate their careers. The findings suggest that job satisfaction is no longer enough. Employees are placing an increased premium on skills growth in a climate characterised by constant technological change. Employers must ensure they are investing in their employees and technological platforms to mitigate employee pressures and retain the brightest talent.”
Workers embrace AI to ease workplace pressures and unlock personal growth
As employees face heightened workplace pressures, they are also turning to new and emerging technologies such as generative AI (GenAI) to help. Among those employees who use GenAI daily, 82% expect it to make their time at work more efficient in the next 12 months.
Employees are also optimistic about opportunities for GenAI to support their growth. Half (49%) of all users expect GenAI to lead to higher salaries – an expectation that’s even higher (76%) among employees who use the technology daily. More than 70% of users agree that GenAI tools will create opportunities to be more creative at work (73%) and improve the quality of their work (72%).
The skills imperative
Workers are placing an increased premium on skills growth to mitigate their concerns and accelerate their careers. Employees who say they are likely to switch employers in the next 12 months are nearly twice as likely to strongly consider upskilling in that decision than workers planning to stay (67% vs. 36%). This comes as fewer than half (46%) of all employees moderately or strongly agree that their employer provides adequate opportunities to learn new skills that will be helpful to their careers.
Employees who are likely to leave in the next year may be more attuned to skills changes that are needed than the general workforce, with 51% moderately or strongly agreeing that the skills their job requires will change in the next five years (vs. 29% of those unlikely to change employer).
There is particular interest in the impact of AI on skills development, with 76% of all users expecting it to create opportunities to learn new skills at work. However, employers will need to invest heavily in new and emerging technology training and access. Among employees who have not used GenAI at work in the last 12 months, one-third (33%) don’t think there are opportunities to use the technology in their line of work, while 24% don’t have access to the tools at work, and 23% don’t know how to use the tools.
Despite the pace of change, there are also signs of optimism and engagement at work. 60% of workers expressed at least moderate job satisfaction (up from 56% in 2023) while more than half (57%) of employees who view fair pay as important agree that their job is fairly paid. Cost-of-living pressures have slightly eased since 2023 (the proportion of workers with money left over each month has risen to 45%, up from 38%). However,  more than half (52%) say they are still financially stressed to some degree.
Pete Brown, Global Workforce Leader, PwC UK, said:
“Technology is fundamentally transforming the way work gets done and the types of skills employers are looking for. Employees are therefore placing an increased premium on organisations that invest in their skills growth so that they can stay relevant and thrive in a digital world. Businesses in turn must be proactive in their upskilling programs – prioritising the employee experience and being transparent. Because when you meaningfully engage your workforce, they become an accelerant for successful transformation.”
Notes to Editors: 
About the Survey
In March 2024, PwC surveyed 56,600 individuals across 50 countries and territories who are in work or active in the labour market. The sample was designed to reflect a range of industries, demographic characteristics and working patterns. You can read the full report on pwc.com.
About PwC
© 2024 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
Contact:  Imran Javaid, Global Corporate Affairs and Communications, PwC UK: [email protected] Dan Barabas, Global Corporate Affairs and Communications, PwC UK: [email protected]
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