target audience: TECH SUPPLIER Publication date: Sep 2023 - Document type: Market Forecast - Doc Document number: # EUR151173523
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."