The business process automation (BPA) market revenue estimated to grow US$ 13.7 Billion in 2023. The business process automation (BPA) market is expected to reach US$ 41.8 Billion by 2033, growing at a CAGR of 11.8% during the forecast period (2023 to 2033).
| Attributes | Details |
|---|---|
| Business Process Automation Market Estimated Value (2023) | US$ 13.7 Billion |
| Business Process Automation Market Projected Year (2033) Value | US$ 41.8 Billion |
| CAGR% (2023 to 2033) | 11.8% |
| Top 5 Vendor Market Share | Around 45% |
Business process automation software currently represents about 35% of sales revenue in the global business process management (BPM) market. The business process automation software is used in complex corporate procedures automated with the help of technology.
It can simplify business processes, achieve digital transformation, enhance service quality, improve service delivery, and save expenses. It also entails integrating applications, reorganizing labor resources, and deploying software across the company.
A BPA software help firms in simplifying operations and give an end-to-end overview of a business process workflow. BPA software also streamlines the processes and address workflow compliance by using business performance dashboards, pre-built custom & native integration tools, and visualizations of processes.
| Market Statistics | Details |
|---|---|
| Jan - Jun (H1), 2021 (A) | 11.9% |
| Jul - Dec (H2), 2021 (A) | 12.2% |
| Jan - Jun (H1),2022 Projected (P) | 12.4% |
| Jan - Jun (H1),2022 Outlook (O) | 12.7% |
| Jul - Dec (H2), 2022 Outlook (O) | 12.5% |
| Jul - Dec (H2), 2022 Projected (P) | 12.8% |
| Jan - Jun (H1), 2023 Projected (P) | 12.5% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+)40 |
| BPS Change : H1,2021 (O) - H1,2021 (A) | (+)80 |
| BPS Change: H2, 2022 (O) - H2, 2022 (P) | (+)30 |
| BPS Change: H2, 2021 (O) - H2, 2022 (A) | (+)60 |
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The BPA software demand is estimated to grow at a CAGR of 11.9% between 2022 and 2033 in comparison with 11.0% CAGR registered during the historic period of 2018 tot2022. Growth is attributed to high adoption of on-premises BPA solutions in small & medium and large enterprises across the globe.
According to Future Market Insights (FMI), the on-premise systems for IT infrastructure is expensive for establishment and maintenance. As cloud-based solutions are cost effective and easy to install, the adoption of cloud solutions has increased.
Companies require a set of technological solutions to decrease the problems associated with manual labor and the time consumed by the staff providing and maintaining cloud workloads and services, with cloud infrastructure likely to be the future. As a result, BPA systems with cloud automation capabilities will be widely adopted in the industry soon.
On-premises BPA software deployment in the global business process automation software market accounted for over 60.1% of share in 2022. Owing to the high adoption of automation solutions among enterprises, North America region is currently dominating the global market.
Hyper-automation is a new and emerging BPA technology that combines AI, machine learning, Integration platform as a Service (iPaaS), and other technological solutions to automate as maximum feasible activities inside a particular business.
Hyper-automation allows for the automation of more complicated workflows outside of repetitive and rule-based procedures. It also improves returns by utilizing the capabilities of sophisticated analytics algorithms in software.
Hence, companies are refraining to adopt disparate groupings of automation technologies and will adopt coordinated automation approach due to BPA software’s superior hyper-automation capabilities. These factors are expected to create potential opportunities for BPA vendors over the forecast period.
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While automating the long-standing operations, the problem of standardization frequently arises, because legacy methods are manual and one-off. Spending time on business process redesign is crucial in the majority of these deployments.
Automation technologies automate repetitive activities, business processes and streamlining bottlenecks require a concerted effort from business and technology. However, due to a lack of proper process management methods, many technology implementations fail.
Process management is an important part of any automation effort's delivery and acceptability. Therefore, such a dimension of business process might restrain the growth of the BPA software market.
Regionally, South Asia & Pacific is estimated to be the fastest-growing region in the business process automation software market during the forecast period. Demand in the region is expected to grow by 4.0X from 2023 to 2033.
In South Asia & Pacific, presence of small and medium-sized enterprises is rising at a high growth rate. Recently, there has been a steady rise in the technology start-up industry especially in FinTech & IT sector, increasing the adoption of BPA software.
Therefore, most of the organizations in the South Asia & Pacific region are adopting process automation to simplify the operations and increase the sales. Such adoption fuels the BPA software market growth.
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Advent of Industry 4.0 to Boost the Adoption of Business Process Automation Market
The USA BPA market is expected to account for around 84.3% of market share by 2033. The USA is considered to be one of the most lucrative market for factory automation and industrial control systems, fueled by the industry 4.0 technology. Adoption of smart technology in the research market is expected to bode well for the market.
High Dependency on Automation will boost the Sales of Business Process Automation (BPA) Software
South Asia & Pacific region is predicted to remain one of the most attractive markets during the forecast period. According to the study, India is estimated to grow by 5.0X during the forecast period.
Automation is altering the Indian economy and the workforce; in fact, almost all industry verticals now automate at least 30% of their activity. Furthermore, certain occupations are only viable with AI and machine learning since they are beyond human skills.
With increased reliance on automation in diverse industries and proliferation of work from home during the FQ-20, the algorithms had to be altered remotely to carry out financial operations.
Also, the recent start-up culture in India supports the adoption of automation from BFSI to the healthcare sector. On account of these factors, the BPA software sales in India are estimated to skyrocket during the forecast period.
| Countries | BPS Change (H2'22 (O) - H2'22 (P)) |
|---|---|
| USA | (+)36 |
| India | (+)34 |
| United Kingdom | (+)35 |
| Japan | (+)29 |
| China | (+)32 |
The H2’22(O)-H2’22(P) BPS change in Japan was of (+)29 units due to the rising demand for operational efficiency & productivity improvement along with the increasing demand for cost reduction & process optimization. Where as in China growing adoption of cloud computing & artificial intelligence (AI) as well as increase in regulatory compliance requirements have led to the deviation of (+)32 units.
Growing demand for better data management and analysis solutions have boosted the market growth of business process management technology resulting in India a BPS change of (+)34 units for the business process automation (BPA) market.
USA encountered a BPS change of (+)36 units for the business process automation (BPA) market due to the increase in the adoption of digital transformation initiatives. United Kingdom witnessed a BPS of (+)35 BPS units for the business process automation (BPA) market attributed to a rising demand for automation in various industries such as BFSI, Healthcare, and Retail.
Cloud-Based BPA Software to Remain Highly Sought-After in Organizations for Remote Operations
The cloud-based BPA segment is expected to dominate the global market over the coming years. This segment is predicted to grow at an absolute $ opportunity of US$ 17,972.7 Million by the end of 2033.
Organizations will not need additional resources to invest in instruments or software with the adoption of cloud-based business automation solution. Compared to a premise-based BPA software, cloud-based BPA software is more efficient, cost-effective, and adaptable.
Cloud platforms allows the organization to expand while saving money, enhancing efficiency, and keeping cash for the main business. Teams may communicate, build, and manage workflow processes using cloud services without having to be able to work from a single place.
On-premise BPA software solutions are difficult to access from a distance and do not fulfil the demands of businesses across the industry. Hence, demand for cloud-based BPA software is projected to surge over the assessment period.
Need for Improved Efficiency in Large Enterprises to Propel Demand for BPA Software
Business process automation (BPA) software reduces the time-consuming and manual tasks of various enterprises across the industry. BPA software simplifies the procedures and makes it easier to manage at the same time.
As organizations expands, number of workflow, workforce, and complex activities increases. As a result of this large enterprises can afford as well as implement BPA more efficiently. During the forecast period, large enterprises hold the largest market share.
Increasing Demand for BPA Software in BFSI Sector to Augment the Growth in the Market
Banks and financial services companies are under pressure to comply with ever-changing regulatory requirements, increase operational efficiency, and provide seamless client experiences. BPA bots are a critical facilitator of digital transformation because they automate high-volume, cross-system procedures that banks and financial institutions rely on. This is expected to increase the productivity, profitability, and operational efficiency for financial businesses.
BPA make customer experiences more personal, helps to reduce financial frauds, increases resource capability, and boosts operational efficiency. Several banks, financial institutions like insurance, stock exchange, and non-banking financial corporations use hyper-automation in their products and services.
The market participants are focused on research and development efforts to support future technologies. Furthermore, numerous organizations are forming strategic partnerships with other companies to build their own process automation to better serve consumers.
| Attributes | Details |
|---|---|
| Market value in 2022 | US$ 12.1 Billion |
| Market CAGR 2022 to 2032 | 11.9% |
| Share of top 5 players | Around 25% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa, and South Africa |
| Key Segments Covered | Deployment Mode, Enterprise Size, Industry, and Region |
| Key Companies Profiled |
Laserfiche; TIBCO Software Inc; OptimumHQ; Kissflow Inc; Microsoft; Zoho Corporation Pvt; Oracle; Process Bliss; Process Street; Prophix; IBM; Nintex United Kingdom Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The BPA software market was valued at ~US$ 13.7 Billion in 2023 and is estimated to grow at a CAGR of 11.9% during the forecast period, surpassing ~US$ 37.3 Billion by 2033.
South Asia & Pacific market is expected to show a rapid growth during the forecast period, registering 14.9% CAGR during the forecast period.
By the end of 2033, the cloud-based BPA software segment is anticipated to dominate the market, where the segment market value will be around ~US$ 22.9 Billion.
The market in the last 5 years (2018 to 2022) grew at a CAGR of 9.7%.
The global market between 2022 and 2023 is expected to register year-on-year growth of 11.2%.
The top 5 countries driving demand for BPA software include the USA, China, United Kingdom, India, and Japan.
Automation of business processes and workflows propels the sale of the BPA software.
Key trends in the market include: • Rise in popularity of No-Code Platforms • Integration of AI & ML in the business process and workflows
1. Executive Summary | Business Process Automation Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Solution Innovation / Development Trends 4. Business Process Automation - Pricing Analysis 4.1. Types of Pricing Models 4.1.1. Subscription Pricing Model 4.1.2. Perpetual Licensing 4.2. Average Pricing Analysis Benchmark 5. Global Market Demand (in Value in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 5.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Market Background 6.1. Macro-Economic Factors 6.2. Forecast Factors - Relevance & Impact 6.3. Value Chain 6.4. COVID-19 Crisis – Impact Assessment 6.4.1. Current Statistics 6.4.2. Short-Mid-Long Term Outlook 6.4.3. Likely Rebound 6.5. Market Dynamics 6.5.1. Drivers 6.5.2. Restraints 6.5.3. Opportunity Analysis 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Deployment Mode 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Million) Analysis By Deployment Mode, 2018 to 2022 7.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Deployment Mode, 2023 to 2033 7.3.1. On-Premise 7.3.2. Cloud-based 7.4. Market Attractiveness Analysis By Deployment Mode 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Enterprise Size 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Enterprise Size, 2018 to 2022 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Enterprise Size, 2023 to 2033 8.3.1. Small and Medium Enterprises(SMEs) 8.3.2. Large Enterprises 8.4. Market Attractiveness Analysis By Enterprise Size 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Industry 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By Industry, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Industry, 2023 to 2033 9.3.1. IT & Telecom 9.3.2. Retail 9.3.3. Government 9.3.4. Healthcare 9.3.5. BFSI 9.3.6. Manufacturing 9.3.7. Others 9.4. Market Attractiveness Analysis By Industry 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 10.1. Introduction 10.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Region, 2023 to 2033 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia and Pacific 10.3.6. Middle East and Africa (MEA) 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11.1. Introduction 11.2. Historical Market Size (US$ Million) and Trend Analysis By Market Taxonomy, 2018 to 2022 11.3. Current and Future Market Size (US$ Million) and Forecast By Market Taxonomy, 2023 to 2033 11.3.1. By Country 11.3.1.1. The USA 11.3.1.2. Canada 11.3.2. By Deployment Mode 11.3.3. By Enterprise Size 11.3.4. By Industry 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Deployment Mode 11.4.3. By Enterprise Size 11.4.4. By Industry 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Historical Market Size (US$ Million) and Trend Analysis By Market Taxonomy, 2018 to 2022 12.3. Current and Future Market Size (US$ Million) and Forecast By Market Taxonomy, 2023 to 2033 12.3.1. By Country 12.3.1.1. Brazil 12.3.1.2. Mexico 12.3.1.3. Rest of Latin America 12.3.2. By Deployment Mode 12.3.3. By Enterprise Size 12.3.4. By Industry 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Deployment Mode 12.4.3. By Enterprise Size 12.4.4. By Industry 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Historical Market Size (US$ Million) and Trend Analysis By Market Taxonomy, 2018 to 2022 13.3. Current and Future Market Size (US$ Million) and Forecast By Market Taxonomy, 2023 to 2033 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. Italy 13.3.1.3. France 13.3.1.4. United Kingdom 13.3.1.5. Spain 13.3.1.6. BENELUX 13.3.1.7. Russia 13.3.1.8. Rest of Europe 13.3.2. By Deployment Mode 13.3.3. By Enterprise Size 13.3.4. By Industry 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Deployment Mode 13.4.3. By Enterprise Size 13.4.4. By Industry 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Historical Market Size (US$ Million) and Trend Analysis By Market Taxonomy, 2018 to 2022 14.3. Current and Future Market Size (US$ Million) and Forecast By Market Taxonomy, 2023 to 2033 14.3.1. By Country 14.3.1.1. India 14.3.1.2. Malaysia 14.3.1.3. Indonesia 14.3.1.4. Singapore 14.3.1.5. Australia & New Zealand 14.3.1.6. Rest of South Asia & Pacific 14.3.2. By Deployment Mode 14.3.3. By Enterprise Size 14.3.4. By Industry 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Deployment Mode 14.4.3. By Enterprise Size 14.4.4. By Industry 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Historical Market Size (US$ Million) and Trend Analysis By Market Taxonomy, 2018 to 2022 15.3. Current and Future Market Size (US$ Million) and Forecast By Market Taxonomy, 2023 to 2033 15.3.1. By Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. By Deployment Mode 15.3.3. By Enterprise Size 15.3.4. By Industry 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Deployment Mode 15.4.3. By Enterprise Size 15.4.4. By Industry 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Historical Market Size (US$ Million) and Trend Analysis By Market Taxonomy, 2018 to 2022 16.3. Current and Future Market Size (US$ Million) and Forecast By Market Taxonomy, 2023 to 2033 16.3.1. By Country 16.3.1.1. GCC Countries 16.3.1.2. Turkey 16.3.1.3. Northern Africa 16.3.1.4. South Africa 16.3.1.5. Rest of Middle East and Africa 16.3.2. By Deployment Mode 16.3.3. By Enterprise Size 16.3.4. By Industry 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Deployment Mode 16.4.3. By Enterprise Size 16.4.4. By Industry 17. Emerging Countries Market Analysis 17.1. USA Market Analysis 17.1.1. By Deployment Mode 17.1.2. By Enterprise Size 17.1.3. By Industry 17.2. Canada Market Analysis 17.2.1. By Deployment Mode 17.2.2. By Enterprise Size 17.2.3. By Industry 17.3. Mexico Market Analysis 17.3.1. By Deployment Mode 17.3.2. By Enterprise Size 17.3.3. By Industry 17.4. Brazil Market Analysis 17.4.1. By Deployment Mode 17.4.2. By Enterprise Size 17.4.3. By Industry 17.5. Germany Market Analysis 17.5.1. By Deployment Mode 17.5.2. By Enterprise Size 17.5.3. By Industry 17.6. Italy Market Analysis 17.6.1. By Deployment Mode 17.6.2. By Enterprise Size 17.6.3. By Industry 17.7. France Market Analysis 17.7.1. By Deployment Mode 17.7.2. By Enterprise Size 17.7.3. By Industry 17.8. United Kingdom Market Analysis 17.8.1. By Deployment Mode 17.8.2. By Enterprise Size 17.8.3. By Industry 17.9. Spain Market Analysis 17.9.1. By Deployment Mode 17.9.2. By Enterprise Size 17.9.3. By Industry 17.10. BENELUX Market Analysis 17.10.1. By Deployment Mode 17.10.2. By Enterprise Size 17.10.3. By Industry 17.11. Russia Market Analysis 17.11.1. By Deployment Mode 17.11.2. By Enterprise Size 17.11.3. By Industry 17.12. China Market Analysis 17.12.1. By Deployment Mode 17.12.2. By Enterprise Size 17.12.3. By Industry 17.13. Japan Market Analysis 17.13.1. By Deployment Mode 17.13.2. By Enterprise Size 17.13.3. By Industry 17.14. South Korea Market Analysis 17.14.1. By Deployment Mode 17.14.2. By Enterprise Size 17.14.3. By Industry 17.15. India Market Analysis 17.15.1. By Deployment Mode 17.15.2. By Enterprise Size 17.15.3. By Industry 17.16. Malaysia Market Analysis 17.16.1. By Deployment Mode 17.16.2. By Enterprise Size 17.16.3. By Industry 17.17. Indonesia Market Analysis 17.17.1. By Deployment Mode 17.17.2. By Enterprise Size 17.17.3. By Industry 17.18. Singapore Market Analysis 17.18.1. By Deployment Mode 17.18.2. By Enterprise Size 17.18.3. By Industry 17.19. Australia and New Zealand Market Analysis 17.19.1. By Deployment Mode 17.19.2. By Enterprise Size 17.19.3. By Industry 17.20. GCC Countries Market Analysis 17.20.1. By Deployment Mode 17.20.2. By Enterprise Size 17.20.3. By Industry 17.21. Turkey Market Analysis 17.21.1. By Deployment Mode 17.21.2. By Enterprise Size 17.21.3. By Industry 17.22. Northern Africa Market Analysis 17.22.1. By Deployment Mode 17.22.2. By Enterprise Size 17.22.3. By Industry 17.23. South Africa Market Analysis 17.23.1. By Deployment Mode 17.23.2. By Enterprise Size 17.23.3. By Industry 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies 18.2. Market Share Analysis of Top Players 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Deep Dive 19.2.1. Laserfiche 19.2.1.1. Business Overview 19.2.1.2. Solution Portfolio 19.2.1.3. Profitability by Market Segments 19.2.1.4. Key Strategy & Developments 19.2.2. TIBCO Software Inc 19.2.2.1. Business Overview 19.2.2.2. Solution Portfolio 19.2.2.3. Profitability by Market Segments 19.2.2.4. Key Strategy & Developments 19.2.3. OptimumHQ 19.2.3.1. Business Overview 19.2.3.2. Solution Portfolio 19.2.3.3. Profitability by Market Segments 19.2.3.4. Key Strategy & Developments 19.2.4. Kissflow Inc 19.2.4.1. Business Overview 19.2.4.2. Solution Portfolio 19.2.4.3. Profitability by Market Segments 19.2.4.4. Key Strategy & Developments 19.2.5. Microsoft 19.2.5.1. Business Overview 19.2.5.2. Solution Portfolio 19.2.5.3. Profitability by Market Segments 19.2.5.4. Key Strategy & Developments 19.2.6. Zoho Corporation Pvt 19.2.6.1. Business Overview 19.2.6.2. Solution Portfolio 19.2.6.3. Profitability by Market Segments 19.2.6.4. Key Strategy & Developments 19.2.7. Oracle 19.2.7.1. Business Overview 19.2.7.2. Solution Portfolio 19.2.7.3. Profitability by Market Segments 19.2.7.4. Key Strategy & Developments 19.2.8. Process Bliss 19.2.8.1. Business Overview 19.2.8.2. Solution Portfolio 19.2.8.3. Profitability by Market Segments 19.2.8.4. Key Strategy & Developments 19.2.9. Process Street 19.2.9.1. Business Overview 19.2.9.2. Solution Portfolio 19.2.9.3. Profitability by Market Segments 19.2.9.4. Key Strategy & Developments 19.2.10. Prophix 19.2.10.1. Business Overview 19.2.10.2. Solution Portfolio 19.2.10.3. Profitability by Market Segments 19.2.10.4. Key Strategy & Developments 19.2.11. IBM 19.2.11.1. Business Overview 19.2.11.2. Solution Portfolio 19.2.11.3. Profitability by Market Segments 19.2.11.4. Key Strategy & Developments 19.2.12. Nintex United Kingdom Ltd 19.2.12.1. Business Overview 19.2.12.2. Solution Portfolio 19.2.12.3. Profitability by Market Segments 19.2.12.4. Key Strategy & Developments 20. Assumptions and Acronyms Used 21. Research Methodology
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Business Process Automation (BPA) Market
