Market Overview:
The global IT process automation market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automating business processes and the need for reducing operational costs. The cloud-based segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period. This can be attributed to the growing trend of cloud adoption and its benefits such as lower costs, scalability, and flexibility. By application, manufacturing is expected to hold the largest share of this market in 2018 owing to factors such as increased efficiency and productivity through process automation and rising demand for customized products.
Product Definition:
IT process automation is the use of technology to automate tasks that are typically carried out by humans. This can include everything from automating simple tasks like email replies to automating complex processes like order fulfillment. The goal of IT process automation is to improve efficiency and accuracy by reducing the need for human intervention.
Cloud-based:
Cloud-based solutions are used to automate business processes and offer a more efficient way of working. Cloud-based technology is expected to grow at a significant rate over the forecast period owing to factors such as ease of access, cost efficiency, and flexibility. The IT process automation market has witnessed considerable growth in recent years owing to the growing demand for cloud computing across various industry verticals including BFSI, healthcare & life sciences, public sector utilities among others.
On-premises:
On-premises (OP) is a term used for computer software and data that are stored on the end user's system, typically in the form of a server. The term can be used to refer to two distinct things: either physical hardware or virtualized computing environment. In its physical sense, OP means installing an operating system and application software on dedicated servers or workstations located at the company’s premises.
Application Insights:
The manufacturing application segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing adoption of process automation solutions in manufacturing enterprises to improve operational efficiency, enhance customer experience, reduce costs and increase productivity is anticipated to drive growth.
The retail application segment is estimated to register a significant CAGR over the forecast period owing to increasing demand from e-commerce companies for efficient data processing and improved business operations. Cloud-based ITPA offers various benefits including cost savings through reduced personnel requirements, centralized data management & control with real-time visibility across all channels, increased reliability & stability due largelyto robust security measures implemented by providers., etc. Process Automation tools offered as part of SaaS model help retailers manage inventory efficiently by automating order processing activities such as product search & selection; purchase; payment processing; returns management; shipment tracking and status monitoring which helps them deliver an exceptional customer experience while reducing operating costs significantly.
Regional Analysis:
The North American region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to the increasing adoption of automation across various industries, such as manufacturing, retail, and others. Moreover, a growing number of vendors offering cloud-based IT process automation solutions are contributing toward regional market growth.
The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to factors such as improving internet infrastructure and rising demand for mobile devices among consumers. Additionally, an increase in spending on healthcare by governments coupled with a rise in outsourcing activities from developed countries is also likely to contribute toward regional demand during the same period.
Growth Factors:
- Increased demand for efficiency and productivity in the workplace
- Growing popularity of cloud-based solutions
- The need to reduce human error and improve compliance with regulations
- Rising pressure to contain costs
- The increasing use of mobile devices in the workplace
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Process Automation Market Research Report
By Type
Cloud-based, On-premises
By Application
Manufacturing, Retail, Financial, Government, Others
By Companies
SMA Solutions, Advanced Systems, Concepts, VMware, Microsoft, ServiceNow, Micro Focus, Broadcom, Cortex, Resolve Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global IT Process Automation Market Report Segments:
The global IT Process Automation market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Retail, Financial, Government, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SMA Solutions
- Advanced Systems
- Concepts
- VMware
- Microsoft
- ServiceNow
- Micro Focus
- Broadcom
- Cortex
- Resolve Systems
Highlights of The IT Process Automation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- By Application:
- Manufacturing
- Retail
- Financial
- Government
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IT Process Automation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IT process automation is a way to automate the IT processes within an organization. This can include tasks such as creating and managing user accounts, deploying software, and performing system maintenance. Automation can help reduce the time required to complete these tasks, which in turn can improve efficiency and productivity within an organization.
Some of the major companies in the it process automation market are SMA Solutions, Advanced Systems, Concepts, VMware, Microsoft, ServiceNow, Micro Focus, Broadcom, Cortex, Resolve Systems.
The it process automation market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IT Process Automation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IT Process Automation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IT Process Automation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IT Process Automation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IT Process Automation Market Size & Forecast, 2020-2028
4.5.1 IT Process Automation Market Size and Y-o-Y Growth
4.5.2 IT Process Automation Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Retail
6.2.3 Financial
6.2.4 Government
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IT Process Automation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IT Process Automation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Retail
9.10.3 Financial
9.10.4 Government
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Retail
10.10.3 Financial
10.10.4 Government
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Retail
11.10.3 Financial
11.10.4 Government
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Retail
12.10.3 Financial
12.10.4 Government
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Retail
13.10.3 Financial
13.10.4 Government
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IT Process Automation Market: Competitive Dashboard
14.2 Global IT Process Automation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SMA Solutions
14.3.2 Advanced Systems
14.3.3 Concepts
14.3.4 VMware
14.3.5 Microsoft
14.3.6 ServiceNow
14.3.7 Micro Focus
14.3.8 Broadcom
14.3.9 Cortex
14.3.10 Resolve Systems
