PUBLISHER: IDC | PRODUCT CODE: 1348034
PUBLISHER: IDC | PRODUCT CODE: 1348034
European Intelligent Process Automation Market Forecast, 2022-2027
This IDC Market Forecast presents a European view of intelligent process automation software revenue from 2022 through to 2023-2027. It provides forecasts by software subsegment (i.e., labor-centric automation, system-centric automation, decision-centric automation, and business value engineering), deployment type (noncloud/cloud), and European subregion."The European intelligent process automation software market will grow at a CAGR of 23.3% over the next five years, with growth particularly strong in business value engineering and labor-centric automation," said Neil Ward-Dutton, vice president, Automation, AI and Analytics Europe, IDC. "Although the immediate effects of the COVID-19 pandemic are no longer felt across the region, the fallout from economic policy responses to the pandemic - and the direct and indirect impact of the Russia-Ukraine War - have contributed to challenging conditions. This is driving organizations to accelerate integration and automation of business processes, tasks, and decisions to increase resilience, agility, and efficiency."
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
- Help Organizations Understand How You Serve a Broad Automation Strategy
- Embrace Generative AI, But Don't Overplay It
- Help Organizations Understand True Skill Requirements
- Balance Features to Drive Participation with Features to Support Governance
- Balance the Drive to Monitor with the Need for Trust
Market Forecast
- European IPA Software Revenue by Segment
- European IPA Software Revenue by Deployment Type
- European IPA Software Revenue by Region
Market Context
- Drivers and Inhibitors
- Drivers
- Automation Development Becomes a Cross-Enterprise Capability
- Business Value Engineering will Align Automation and Process Improvement Efforts
- Supporting the Need for Trust
- Inhibitors
- Geopolitical Situation and Economic Slowdown
- Consolidation and the Rise of Multimodal Platforms
- Drivers
- Significant Market Developments
- Changes from Prior Forecast
Market Definition
- Intelligent Process Automation Software
- Business Value Engineering Software
- Business Process Modeling Tools
- Process Mining
- Task Mining
- Observability
- Decision-Centric Automation
- Business Rules Management Software
- Predictive Analytics Software
- Labor-Centric Automation
- AI Automation
- Process Automation Platforms
- Robotic Process Automation Software
- System-Centric Process Automation
- Event-Driven Software
- Messaging-Oriented Middleware
- Event Brokers
- Event Stream Processing
- Integration and API Management
- API Management Software
- Integration Platforms
- Event-Driven Software
- Business Value Engineering Software
Methodology
- Historical and Forecast Market Values and Exchange Rates
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