target audience: TECH SUPPLIER Publication date: Oct 2022 - Document type: Market Forecast - Doc Document number: # EUR149679322
European Intelligent Process Automation Software Market Forecast, 2022–2026
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Abstract
This IDC Market Forecast presents a European view of intelligent process automation software revenue from 2021 through to 2022-2026. It provides forecasts by software subsegment (i.e., labor-centric automation, system-centric automation, decision-centric automation, and automation planning), deployment type (noncloud/cloud), and European subregion.
"The European intelligent process automation software market will grow at a CAGR of 21.3% over the next five years, with growth particularly strong in automation planning and labor-centric automation," said Neil Ward-Dutton, vice president, Automation, AI, and Analytics Europe, IDC. "The COVID-19 pandemic's immediate effects are now receding across Europe. However, the longer-term impacts are still being felt, combining with other major economic disruptions to create volatility and uncertainty in many industries. This is driving organizations to accelerate integration and automation of business processes, tasks, and decisions to increase resilience and agility as well as improve efficiency."