Report ID: SQMIG45F2130
Report ID:
SQMIG45F2130 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|
Tables:
119 |
Figures:
72
Digital Process Automation Market size was valued at USD 13.04 Billion in 2023 and is poised to grow from USD 14.79 Billion in 2024 to USD 40.44 Billion by 2032, growing at a CAGR of 13.40% during the forecast period (2025-2032).
The digital process automation market is positioned for substantial growth, driven primarily by the increasing demand for automation and the widespread adoption of low code automation platforms. However, this expansion is not without challenges. The market grapples with compatibility issues related to existing business process applications and services, which pose obstacles to seamless integration.
A notable inhibiting factor is the concern about data security and privacy, especially given that process automation involves handling sensitive personal data. Despite these challenges, numerous opportunities are present in this landscape. There is a growing need to streamline business processes, creating a conducive environment for innovation. Furthermore, the integration of Artificial Intelligence (AI) and Machine Learning (ML) stands as a promising avenue, providing opportunities to enhance automation capabilities and efficiency within the market.
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Report ID: SQMIG45F2130