The Latin America, Middle East and Africa Business Process Automation Market would witness market growth of 15.9% CAGR during the forecast period (2020-2026). The incorporation of AI technology facilitates the BPA technology by giving the capability to digitalize, formalize, optimize and automate a broad range of tasks presently carried out by skilled human experts.
Using Machine Learning (ML), BPA constantly estimates data to forecast the future and recommend data-driven enhancements to improve operational performance. The majority of the companies across the globe conduct their business with data-driven strategies extracted through the data obtained through customer-faced applications. Therefore, the companies would put more capital on business intelligence and analytics in the next few years.
The changing dynamics of business intelligence are supported by the advanced analytics installed to better comprehend the business process and identify it as per the assigned parameters. Many companies would be adopting analytics to offer better insights. They will expect and forecast outcomes on the basis of historical references and present operations. These organizations would efficiently plan and assign resources, becoming more agile and effective.
The Brazil market dominated the LAMEA Small & Medium Enterprises Business Process Automation Market by Country 2019, and would continue to be a dominant market till 2026. The Argentina market would witness a CAGR of 18% during (2020 - 2026). Additionally, The UAE market is showcasing a CAGR of 17% during (2020 - 2026).
The BFSI market dominated the Saudi Arabia Business Process Automation Market by End User 2019, thereby, achieving a market value of $57.9 million by 2026. The Retail & Consumer Goods market is experiencing a CAGR of 16.7% during (2020 - 2026). The Manufacturing market is estimated to grow at a CAGR of 18.1% during (2020 - 2026). Additionally, The Healthcare market is expected to witness a CAGR of 17.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Business Process Automation Market in LAMEA is expected to register a CAGR of 15.9% 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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