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 |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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.
Principal Consultant
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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
Explore Technology Insights
View Reports
Business Process Automation (BPA) Market
