The Europe Business Process Automation Market would witness market growth of 12.4% CAGR during the forecast period (2020-2026). The deployment of technology with zero or no human intervention is termed as Business process automation (BPA).
A business process is considered as an activity or a group of activities utilized to achieve a particular company’s objective, like delivering an item to a customer or hiring a new worker. A business process frequently starts with action. The objective of BPA is not only to substitute manual labor with automation but also to streamline and enhance the workflow measures that create the process: when a business process gets automated, phases in the current workflow – emails chains and document transfers, for example – are removed.
With the installation of BPA solutions, processes that earlier needed human intervention are automated, and the workforce can aim for main tasks only. This results in the optimum usage of resources; optimized resource usage refers to a group of processes and practices that handle a balance between the available resources and the requirement of enterprises to attain business objectives. Optimization focuses on attaining required results within the allocated timeframe and budget with the reduced consumption of the resources. The requirement for resource optimization is more when demand inclines to exceed the current resources. BPA solutions assist in incorporating several systems in companies and decrease the overhead time by automating several processes. The automation of business processes removes manual quality assurance and execution steps and improves business resource utilization.
The Germany market dominated the Europe Business Process Automation Human Resource Automation Market by Country 2019, growing at a CAGR of 11.9 % during the forecast period. The UK market is exhibiting a CAGR of 12.3% during (2020 - 2026). Additionally, The France market is poised to grow at a CAGR of 13.9% during (2020 - 2026).
The On-premise market dominated the Russia Business Process Automation Market by Deployment Type 2019, thereby, achieving a market value of $426.1 million by 2026. The Cloud market is showcasing a CAGR of 13.2% during (2020 - 2026).
Based on Component, the market is segmented into Platforms (Without Services) and Services. Based on Business Function, the market is segmented into Sales & Marketing Automation, Supply Chain Automation, Human Resource Automation, Accounting & Finance Automation, Customer Service Support Automation and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & Consumer Goods, Manufacturing, Healthcare, Telecom & IT and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Business Process Automation Market in Europe is expected to register a CAGR of 12.4% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Software AG, Salesforce.com, Inc., Microsoft Corporation, Appian Corporation, Pegasystems, Inc., DXC Technology Company, AgilePoint, and Nintex, Inc.
By Component
By Business Function
By Deployment Type
By Enterprise Size
By End User
By Country
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