Supply chain management and logistics are changing rapidly due to continuous technological disruptions. Thus, companies no longer view automation as only a tool for eliminating repetitive tasks; it is now beyond it. It has now become a necessary component of digital transformation. According to statistics, we will witness many companies adopting automation this year. Check out the statistics and understand why you must embrace process automation now.
This year spending on global digital transformation has been projected to touch nearly 1.8 trillion USD. In only 3 years, by 2025, it is predicted to reach almost 2.8 trillion USD. Organisations about 97% strongly believe that business process automation is essential for digital transformation. It is incomplete without robotic process automation and digital process automation.
According to research, it has been forecasted to grow at a 6% CAGR between 2020-2027. Digital process automation is the new business process automation variant, which requires less coding. Back in 2019, it had a 7.8 billion USD market value. It is predicted to grow at 13% CAGR by 2025 and reach 16.12 billion USD.
The logistics industry represents almost 12% of the GDP of the entire world. 32% of the companies are still dependent on manual steps for over 50% of all manual processes. Mid-sized businesses are struggling to cope with increasing costs. We have helped our clients to automate their workflows. They were able to identify opportunities, make improvements, and include automation.
