Global Intelligent Process Automation Market, By Component (Solutions and Services), Deployment (On-Premise and Cloud Based), Organisation Size (Large Size Organization and Medium and Small Size Organization), Technology (Natural Language Processing, Machine and Deep Learning, Neural Networks, Virtual Agents, Mini Bots and RPA, Computer Vision and Others), Vertical (BFSI, Telecom and IT, Transport and Logistics, Media and Entertainment, Retail and Ecommerce, Manufacturing, Healthcare and Life Sciences and Others), Application (IT Operations, Business Process Automation, Application Management, Content Management, Security and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Intelligent Process Automation Market
The intelligent process automation market has shown a significant growth in the market value and will continue to rise for the forecast period of 2021-2028. Data Bridge Market Research analyses that the intelligent process automation market is projected to show a CAGR of 12.9% for this period. This means that the value of the market would reach USD 24.88 billion by the year 2028.
Intelligent process automation is an integration of artificial intelligence and machine learning robotics. The main purpose of incorporating this technology in the systems is to enable the organizations to take advantage of automated features and processes offered by the same. Thus, intelligent process automation is an automation process that is used to create smart business processes and streamline the workflow. The technology also helps to improve employee performance and effectively respond to the consumers along with achieving operational efficiency.
An increase in the demand for automated processes to modify the way the operations are performed at workplaces is the prime reason for an upward trend in the market. The rise in investment by medium and small-sized firms to comprehend the digitized market is also a factor for the increased demand for intelligent process automation technology. The aim to achieve optimized resources that provide automated processes without the need for human intervention will also improve the demand for this technology.
But, the high investment involved in the acquisition of the technology may come in the way of the growth of the market. Also, it might be difficult to enter into the markets where there exists a low literacy rate. Lack of technical expertise and operational issues in the implementation of this technology may also prove to be growth restraint factors.
This intelligent process automation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on intelligent process automation market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Intelligent Process Automation Market Scope and Market Size
Intelligent process automation market is segmented on the basis of component, deployment, organization size, technology, vertical and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The intelligent process automation market is segmented on the basis of component into solutions and services. Solutions are further sub-segmented into software tools and platforms. Services are also further bifurcated into professional services and managed services. Professional services in turn are further bifurcated into advisory and consulting, design and implementation, training and support and maintenance.
- On the basis of deployment, the intelligent process automation market is segmented into on-premise and cloud based.
- On the basis of organization size, the intelligent process automation market is segmented into large size organization and medium and small size organization.
- The intelligent process automation market is also segmented on the basis of technology into natural language processing, machine and deep learning, neural networks, virtual agents, mini bots and RPA, computer vision and others.
- On the basis of industry vertical, the intelligent process automation market is segmented into BFSI, telecom and IT, transport and logistics, media and entertainment, retail and ecommerce, manufacturing, healthcare and life sciences and others.
- The intelligent process automation market is also segmented on the basis of application into IT operations, business process automation, application management, content management, security and others.
Intelligent Process Automation Market Country Level Analysis
Intelligent process automation market is analysed and market size, volume information is provided by country, component, deployment, organization size, technology, vertical and application as referenced above.
The countries covered in the intelligent process automation market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America currently dominates the market. This is because of high adoption of artificial intelligence in the region and increased mobile penetration. The intelligent process automation market in Asia-Pacific is projected to grow at the highest rate during the forecast period owing to the rapid increase in the demand for automated processes and cloud based technologies coupled with increased investment in the IT sector. Also, the developing countries transforming into digital economies too will drive the growth in this region.
The country section of the intelligent process automation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Intelligent Process Automation Market Share Analysis
The intelligent process automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to intelligent process automation.
The major players covered in the intelligent process automation market report are SYMPHONY, HCL Technologies Limited, Pegasystems Inc., Virtual Operations Ltd, Atos Syntel Inc., Happiest Minds, Cognizant, Tech Mahindra Limited., Blue Prism Limited., Xerox Corporation., Wipro Limited, CGI Inc., Infosys Limited, ExlService Holdings, Inc., AVASANT AND AFFILIATED COMPANIES, Accenture., UiPath., Genpact, Tata Consultancy Services Limited., and Capgemini among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Intelligent Process Automation Market
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