Business Process Automation (BPA) Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

Business Process Automation (BPA) Market size is valued at USD 10,752.8x million in 2021 and is expected to reach a value of USD 23,475.5 million by 2028, growing at a CAGR of 11.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the business process automation (BPA) market and that can be segmented by component, business function, deployment type, and end-user. By component, the business process automation (BPA) market has been segmented into platforms and services. The platforms segment is likely to be the largest and fastest-growing segment in terms of components.  Services are further segmented into consulting, deployment and integration, and support and maintenance. Based on business function, the business process automation (BPA) market is segmented into human resource automation, supply chain automation, sales, and marketing automation, accounting and finance automation, customer service support automation, and others (legal and compliance and R&D activities). Among these, the human resource automation segment is expected to have the fastest-growing market during the forecast period 2022-2028. By deployment type, the market is segmented into cloud and on-premises. Among these, the cloud segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of end-user, the market is segregated into BFSI, manufacturing, IT, telecommunications, retail and consumer goods, healthcare, and others (social media and entertainment government and transport and logistic)). The healthcare segment is likely to be the largest and fastest-growing segment in the market.

Key Developments:

In May 2021, Pegasystems has released a new version of its Pega Infinity software. Improved low-code, intelligent automation, and AI capabilities are all included in the latest edition