Office automation refers to using various computer systems, software applications, and electronic devices to perform routine office tasks more efficiently and effectively. This typically includes a wide range of activities such as word processing, data management, email communication, scheduling, and document handling to streamline and optimize office workflows, reduce manual labor, enhance productivity, improve accuracy, and facilitate better organizational communication and collaboration.
Sizing and Forecast
The office automation market size has grown strongly in recent years. It will grow from $95.06 billion in 2023 to $103.62 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to workforce empowerment, regulatory compliance, data management and analytics, adoption of cloud-based solutions, and growing demand for integrated and customizable solutions.
The office automation market size is expected to see strong growth in the next few years. It will grow to $147.73 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing demand for digital transformation, artificial intelligence integration, robotic process automation, growing need for improved workplace efficiency, and increased adoption in small and medium-sized businesses. Major trends in the forecast period include technological advancement, integration of IoT devices, AI-driven solutions, integrated tools, partnerships, and robotic process automation.
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Segmentation & Regional Insights
The office automation market covered in this report is segmented –
1) By Type: Cloud-Based, On-Premise
2) By Application: Small And Medium Enterprises, Large Enterprises
3) By End-User: Banking, Financial Services And Insurance (BFSI), Government, Healthcare, Manufacturing, Other End-Users
North America was the largest region in the office automation market in 2023. The regions covered in the office automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The expansion of cloud computing is expected to propel the growth of the office automation market going forward. Cloud computing is the provision of computing services, such as servers, storage, databases, networking, software, and analytics, via the internet (the cloud) to offer faster innovation, flexible resources, and economies of scale. The expansion of cloud computing is due to several significant factors, including disaster recovery, security and compliance, cost-effectiveness, integration and interoperability, and digital transformation. Cloud computing enhances office automation by providing scalable, flexible, and cost-effective solutions accessible from anywhere with an internet connection. It supports real-time collaboration through cloud-based tools, facilitates secure data storage and automated backups, and enables software as a service (SaaS) for applications without extensive IT infrastructure. For instance, in December 2023, according to the European Union, a Netherlands-based international organization, the percentage of European Union businesses that bought cloud computing services increased by 4.2 percentage points in 2023 compared to 2021. Therefore, the expansion of cloud computing is driving the growth of the office automation market.
Key Industry Players
Major companies operating in the office automation market are International Business Machines Corporation, Oracle Systems Corporation, NEC Corporation, Alibaba Group Holding Limited, Lexmark International Inc., Pershing Limited, Yonyou Network Technology Co. Ltd., UiPath Inc., Bill Holdings Inc., Kingdee International Software Group Limited, Tencent Holdings Ltd., Zoho Creator, Blue Prism India Private Limited, Synapse Financial Technologies Inc., GlossGenius Inc., Integrify Inc., Altitude Business Systems Ltd., Kryon Systems Ltd., Codeless Platforms Ltd., AutomationEdge Pvt. Ltd., WorkFusion Inc., Integrity Legal Services Ltd., Jinher Inc., Weaver Network Technology Co. Ltd
The office automation market report table of contents includes:
- Executive Summary
- Office Automation Market Characteristics
- Office Automation Market Trends And Strategies
- Office Automation Market – Macro Economic Scenario
- Global Office Automation Market Size and Growth
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- Global Office Automation Market Competitive Dashboard
- Key Mergers And Acquisitions In The Office Automation Market
- Office Automation Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Office Automation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Office Automation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Office Automation Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: International Business Machines Corporation Financial Performance
Table 75: Oracle Systems Corporation Financial Performance
Table 76: NEC Corporation Financial Performance
Table 77: Alibaba Group Holding Limited Financial Performance
Table 78: Lexmark International Inc. Financial Performance
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