Dublin, May 15, 2024 (GLOBE NEWSWIRE) -- The "Global Enterprise Business Process Automation (BPA) Market Size and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
This global enterprise BPA market research report provides an executive-level overview of the current BPA market worldwide, with detailed forecasts of key indicators up to 2027.
Published annually, the global enterprise BPA market report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by product/service type and verticals across the large enterprise and micro, small & medium enterprise (MSME) markets, as well as a review of key BPA market trends as well as the technological developments that are shaping the BPA landscape.
Key Highlights
- The global enterprise BPA market size was valued at $258.8 billion in 2022. The market is expected to grow at a CAGR of 7.5% during the forecast period (2022-2027). The growing focus on integration of advanced technologies such as IoT and AI-enabled voice technology and chatbots and implementation of cloud-based deployment model, and the emergence of 5G networks are driving the growth of BPA market.
- According to analysis, enterprise BPA market would see majority share of its revenue come from vertical-specific and packaged applications segment over the forecast period. Revenue from vertical-specific and packaged applications reached $116.6 billion in 2022 and is set to grow up to $154.1 billion in 2027 at a CAGR of 5.8%.
- BFSI and manufacturing are the leading end-use vertical segment for enterprise BPA, in terms of revenue contribution, and will remain so over the forecast period.
- North America is the leading regional market with revenue estimated at $88.3 billion for 2022 and set to grow up to $113.8 billion by 2027 at a CAGR of 5.2%.
Report Scope
- The primary finding of revenue opportunities in the enterprise BPA market through to 2027, highlighting the market size and growth by product/service, by region, by vertical and by size band.
- The latest trends impacting the enterprise BPA market.
- The market drivers that will facilitate the growth of enterprise BPA market.
- The market challenges/inhibitors that may hinder the pervasive adoption of enterprise BPA.
- The overview of top ICT vendors in the enterprise BPA market.
Reasons to Buy
This Global Outlook Report provides a comprehensive assessment of the enterprise BPA market. It helps the reader to understand the enterprise BPA market landscape, the recent trends, drivers, and challenges/inhibitors shaping the enterprise BPA market.
- The report is exhaustive and up-to-date providing market opportunity forecasts in the enterprise BPA market from 2022 to 2027, spanning technology segments (services), six regions, 22 verticals, and two size bands.
- The report provides an assessment of enterprise BPA vendors.
- The report also discusses the opportunities and recommendations for vendors.
A selection of companies mentioned in this report includes, but is not limited to:
- Microsoft
- IBM
- SAP
- Salesforce
- Oracle
For more information about this report visit https://www.researchandmarkets.com/r/wwwo5q
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