Process Automation Market Report 2021

Process Automation Market
Process Automation Market segmentation based on Component (Solution, Services),
based on Business Function (Sales Process Automation, Supply Chain Automation,
Claims Automation, Marketing Automation), based on Organization Size (Small and
Medium-sized Enterprises (SMEs), Large Enterprises), based on Deployment Type (Onpremises,
Cloud), based on Industry Vertical (Manufacturing, Retail & Consumer
Goods, BFSI, Telecom & IT, Transport & Logistics, Energy & Utility, Media &
Entertainment, Healthcare, Others) - Industry Analysis, Size, Share, Growth, Trends
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Process Automation Market Overview:
Process Automation Market has been valued $9.8 billion in the year 2019 and it is estimated
to reach $19.6 billion by the year 2026, with a CAGR of 13.3% from 2021 to 2026. Process
Automation is most commonly refers to the use of digital technology to perform a process
or processes in order to accomplish a workflow or function. A wide variety of business
processes and activities can be automated, or more often, they can be partially automated
with human intervention at strategic points within workflows; these are the main factors that
have considerably increased the demand for the Process Automation in the market, thereby
driving the huge growth of the Process Automation market in the upcoming years
Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Process Automation in
the market is mainly due to the huge rise in the industrial automation or factory automation
are some of the most prolific growth drivers of the process automation market. The emerging
requirement for reducing human interaction in various processes in order to cut down labour
costs as well as minimize errors has opened a room full of opportunities for automated
systems in the industrial sector. The imminent need for achieving the best possible results
concerning accuracy is also one of the growth drivers for the process automation market;
these are the main factors that have considerably increased the demand for the Process
Automation in the market, thereby driving the huge growth of the Process Automation
market in the upcoming years
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Report is segmented as:
Process Automation Market is segmented on the basis of by component; on the basis of by
business function; on the basis of by development mode ; on the basis of by organization
size; on the basis of by vertical :
* Process Automation Market is segmented on the basis of by component into Solution,
Services
* Process Automation Market is segmented on the basis of by business function into Sales
Process Automation, Supply Chain Automation, Claims Automation, and Marketing
Automation
* Process Automation Market is segmented on the basis of by development mode into Onpremises,
Cloud
* Process Automation Market is segmented on the basis of by organization size into Small
and Medium-sized Enterprises (SMEs), Large Enterprises
* Process Automation Market is segmented on the basis of by vertical into Manufacturing,
Retail & Consumer Goods, BFSI, Telecom & IT, Transport & Logistics, Energy & Utility,
Media & Entertainment, Healthcare, Others
Geographical Segmentation:

Process Automation Market is segmented into North America, Europe, Asia Pacific, Latin
America and Middle East & Africa and rest of world. North America has the dominant share
in the Process Automation market, followed by Europe, Asia Pacific, Latin America and Middle
East & Africa will register a slower increase in the Process Automation Market
Impact of COVID-19 on Market
Covid-19 has hugely affected the Process Automation market growth. The COVID-19 pandemic
continues to radically trade that amplify of variety of industries; however, the immediate have
an effect on of the outbreak is varied. While some industries will register a visit demand,
several others will proceed to remain unscathed and showcase promising increase
opportunities. COVID-19 will have an occasional have an effect on the Process Automation
market. In recent days relaxation in restrictions by the government and people are getting
vaccinated to stop the spread of corona virus are expecting to raise the Process Automation
market growth
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