Business automation tools market is anticipated to grow at a CAGR of 9.8% during the forecast period. The growth of the market is attributed to factors such as streamlining processes and workflows, reducing manual intervention and human errors. This leads to increased efficiency, faster task execution, and enhanced overall productivity within organizations. The increasing key player’s focus on launching innovative products accelerating the demand for business automation tools in the market. For instance, in August 2023, Kognitos, the trailblazer in generative AI for business automation, revealed its generative AI automation platform which enabled business users to plan, verify, run, and maintain business process automation all in natural language. This consists of two major features in its automation platform including self-service for all, human language interpreter 2.0.
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The global business automation tools market is segmented based on the type, organization size, and industry vertical. Based on the type, the market is sub-segmented into supply chain automation, accounting and finance automation, sales and marketing automation, customer service support automation, and human resources automation. Based on deployment, the market is sub-segmented into on-premises and cloud. Based on industry vertical, the market is sub-segmented into BFSI, retail and e-commerce, manufacturing, IT and telecom, healthcare, and others (government and public sector, media and entertainment). Among the deployment, the cloud sub-segment is anticipated to hold a considerable share of the market, owing to the remote accessibility, ease of implementation, and cost savings.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Business Automation Tools Market by Type
- Supply Chain Automation
- Accounting and Finance Automation
- Sales and Marketing Automation
- Customer Service Support Automation
- Human Resources Automation
Global Business Automation Tools Market by Deployment
- On-Premises
- Cloud
Global Business Automation Tools Market by Industry Vertical
- BFSI
- Retail and E-Commerce
- Manufacturing
- IT and Telecom
- Healthcare
- Others (Government and Public Sector, Media, and Entertainment)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ActiveCampaign, LLC
- Agiloft, Inc.
- Appian Corporation Inc.
- Arrayworks Inc.
- Automation Anywhere, Inc.
- Axon Ivy AG
- Bonitasoft, S.A.
- iGrafx, LLC
- Newgen Software Technologies Ltd.
- Nintex Global Ltd.
- Opsware Data Inc.
- Pegasystems Inc.
- Quickbase, Inc.
- WorkFusion, Inc.
- Xero Ltd.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global business automation tools market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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