target audience: TECH SUPPLIER Publication date: Nov 2024 - Document type: Market Forecast - Doc Document number: # EUR151554424
European Intelligent Process Automation Software Market Forecast, 2024–2028
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Abstract
This IDC Market Forecast presents a European view of intelligent process automation software revenue from 2023 to 2028. 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 two European subregions (CEE and Western Europe).
"The rapid development of GenAI and its penetration into enterprise environments influence business automation, significantly changing its speed and scale as it provides more intuitive tools, suggestions, and reasoning across the entire life cycle of projects. However, the pitfalls of risks, undelivered expectations, and incremental, patchy innovations are as present as ever," said Elena Semenovskaia, research director, IDC's European Artificial Intelligence and Business Automation Convergence. "Vendors have a chance to transform their customers' buinesses with minimal disruption from GenAI while building next-generation platfroms and tools that offer an agentic approach and a secure layer of trust to accommodate AI."