Global Intelligent Process Automation Market Report By Size, Share And Forecast To 2024-2033
The Intelligent Process Automation
Global Market Report 2024 by The Business Research Company provides market
overview across 60+ geographies in the seven regions - Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, the Middle East, and
Africa, encompassing 27 major global industries. The report presents a
comprehensive analysis over a ten-year historic period (2010-2021) and extends
its insights into a ten-year forecast period (2023-2033).
Learn More On The Intelligent
Process Automation Market:
According to The Business Research
Company’s Intelligent Process Automation Global Market Report 2024, The
intelligent process automation market size has grown rapidly in recent years.
It will grow from $14.36 billion in 2023 to $16.38 billion in 2024 at a
compound annual growth rate (CAGR) of 14.1%.
The growth in the historic period
can be attributed to digital transformation initiatives, cost efficiency and
productivity, data analytics integration, regulatory compliance and risk
management, customer experience enhancement..
The intelligent process automation
market size is expected to see rapid growth in the next few years. It will grow
to $29 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be
attributed to ai-powered automation adaptation, cloud-based ipa solutions,
industry-specific solutions, enhanced customer experience, remote workforce
support.. Major trends in the forecast period include adaptive and
self-learning automation, human-ai collaboration, cloud-based deployment,
industry-specific solutions, process mining and analytics..
Rising automation in various
industries is expected to propel the growth of the intelligent process
automation market going forward. Automation refers to technology applications
where human input is minimized. Intelligent process automation is used in various
industries to automate repeatable business functions and improve workforce
productivity and performance. For instance, in August 2020, according to
Windward Studios LLC, a US-based company that provides document automation and
reporting software, global spending on marketing automation is increasing by
14% yearly. It is expected to reach $25 billion by 2023. By 2022, robots are
expected to automate 42% of the time spent on manufacturing processes.
Therefore, rising automation in various industries is driving the growth of the
intelligent process automation market.
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The intelligent process
automation market covered in this report is segmented –
1) By Offering: Platform,
Solution, Services,
2) By Technology: Natural
Language Processing, Machine and Deep Learning, Neural Networks, Virtual
Agents, Mini Bots and RPA, Computer Vision, Other Technologies,
3) By Deployment Mode: On Premises,
Cloud,
4) By Organization Size:
Large Enterprises, SMEs,
5) By Vertical: BFSI,
Telecommunications and IT, Manufacturing and Logistics, Media and
Entertainment, Retail and eCommerce, Healthcare and Life Sciences, Other
Verticals,
Top Major Players
Sperry Marine Northrop Grumman
Praxis Automation Technology B.V.
Admarel B
Hensoldt UK
Prime Mover Controls Inc.
The adoption of hyper-automation
is a key trend gaining popularity in the intelligent process automation market.
Major market players are creating innovative technologies to sustain their
position in the intelligent process automation market. For instance, in March
2021, Cloud4C, a Sinapore-based cloud-managed services provider company,
introduced a turnkey hyper automation solution to achieve end-to-end process
transformations. The Cloud4C hyper automation solution combines Robotic Process
Automation and advanced technologies such as artificial intelligence (AI),
machine learning (ML), process analytics, process mining, ingestion engines,
among others to discover the right business processes for automation, extract
data from unstructured sources, automate complex tasks, strategically scale
automation across an enterprise and other similar tasks. This solution can help
organizations automate some of their core tasks and transform their businesses.
The intelligent process
automation market report table of contents includes:
1. Executive Summary
2. Intelligent Process Automation
Market Characteristics
3. Intelligent Process Automation
Market Trends And Strategies
4. Intelligent Process Automation
Market - Macro Economic Scenario
5. Global Intelligent Process
Automation Market Size and Growth
..........................
31. Global Intelligent Process
Automation Market Competitive Benchmarking
32. Global Intelligent Process
Automation Market Competitive Dashboard
33. Key Mergers And Acquisitions
In The Intelligent Process Automation Market
34. Intelligent Process Automation
Market Future Outlook and Potential Analysis
35. Appendix
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