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Global Intelligent Process Automation Market Segmentation By Component (Service, Solution), By Deployment Mode (Cloud, On-Premise), By Organization Size (Large Enterprises, SMEs), By Technology (Natural Language Processing, Machine And Deep Learning, Neural Networks, Virtual Agents, Mini Boats, Computer Vision, Others), By Application (Enterprise Content Management, Business Process Management, Customer Experience Management, Business Intelligence And Analytics, Enterprise Mobility, Others), By Industry Vertical (BFSI, IT and Telecom, Automotive, Education, Retail, Agriculture, Healthcare, Others) and Region Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 9497
Pages: 175
Formats: report pdf report excel report power bi report ppt

Intelligent Process Automation Market Size, Growth (2022-2027)

The Global Intelligent Process Automation Market size was estimated at USD 8.1 Billion in 2021 and is relied upon to reach USD 20.7 Billion by 2027, at a CAGR of 11.5%.

Intelligent Process Automation Market

Market Overview:

It is a combination of AI and robotic process automation, which helps human work and tends to improve over a period with no order. Intelligent Process automation mainly includes five advances. These incorporate apply autonomy process automation, smart work process, AI, normal language generation, and intellectual operators.

Vendors in the intelligent process automation market are concentrating on coordinating subjective advancements in robotic process automation so as to make intelligent activities that can convey profitability and productivity gains. Expanding the appropriation of intelligent process automation by BFSI and utility segment is a key pattern in the intelligent process automation market. Expanding innovative work on giving cutting edge advancements in keen procedure automation are different patterns in the intelligent process automation market.

Recent Developments in Intelligent Process Automation Industry:

  • UiPath offering free programming to the healthcare networks, Automation Hub additionally accessible at no expense to empower endeavors to keep up profitability despite new remote work difficulties.
  • Today at forwarding III, the main ever worldwide occasion for the Robotic Process Automation (RPA) community, UiPath presented the up and coming age of the world's most generally embraced platform.
  • SAP SE declared that it has gained Contextor SAS, an European head in the structure and coordination of robotic process automation (RPA), to assist SAP with quickening the turn of events and development of its SAP Leonardo Machine Learning portfolio.

Drivers and Restraints of Intelligent Process Automation Market:

Drivers:

Expanded selection pace of automation procedures to change work environments drives the development of the global intelligent process automation market. What's more, the ascent in speculation by little firms in digital change and development in appropriation because of quicker dynamic capacity over the association is the central point that fuels the progression of the intelligent process automation business. Moreover, the advancement of a brought together intelligent automation device and working of advanced workforces is foreseen to the coming year's significant opportunities in the global intelligent process automation market in the future.

Restraints:

The intelligent process automation requires a significant expense to introduce and actualize it. Along these lines, it gets hard for little and medium-size associations to send such innovations that require high venture at the hour of execution. The intelligent process mechanization likewise requires a ton of support and organizations, which needs to profit different administrations, for example, training and academy. Along these lines, significant expense ruins the reception of intelligent procedure automation, in this way limiting the development of intelligent process automation market size.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

11.5%.

Segments Covered

By Component, By Deployment Mode, By Organization Size, By Technology

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

UiPath, Inc. (US), SAP SE (Germany), Dell EMC Corp. (US), Blue Prism Group (UK), IBM Corporation (US), Salesforce.com, Inc. (US), WorkFusion (US), Accelirate, Inc. (US), Kofax Inc. (US), Pegasystems Inc. (US), Open Text Corp. (Canada), among others

Intelligent Process Automation Market Segmentation:

By Component:

  • Service
  • Solution

Based on components, the interest in services will develop in the conjecture time frame. The interest for smart process automation in BFSI and utility division will develop so as to automate complex ordinary exchanges. The solution portion dominated the market in 2018 and is foreseen to extend at a CAGR of 16.0% over the estimated time frame. Significant advantages of intelligent process automation solutions incorporate improved client experience and expanded procedure productivity.

Ventures over the globe are dynamically receiving intelligent procedure automation solutions and services to diminish operational expenses without influencing the proficiency of business processes. These administrations likewise help in picking an organized methodology while computing degree of profitability to set needs and sensible desires. It brings about giving streamlined business execution and increasingly productive and viable tasks.

By Deployment Mode:

  • Cloud
  • On-premise

By Organization Size:

  • Large Enterprises
  • SMEs

By Technology:

  • Natural Language Processing
  • Machine & Deep Learning
  • Neural Networks
  • Virtual Agents
  • Mini Bots
  • Computer Vision
  • Others.

Based on technology in the global intelligent process automation market, the interest in robotic procedure mechanization will develop since it gives operational and profitability gains. The Machine learning portion represented over 32% of the overall industry in 2018. Then again, the virtual agent's fragment is relied upon to pick up energy over the conjecture time frame. Virtual operators are progressively picking up prevalence attributable to the rising execution across money related foundations. A rising number of financial organizations is putting resources into advancement and looking for approaches to incorporate Robotic Process Automation (RPA) with virtual operators, AI, intellectual administrations, and analytics.

By Application:

  • Enterprise Content Management 
  • Business Process Management
  • Customer Experience Management
  • Business Intelligence &Analytics
  • Enterprise Mobility
  • Others

By Industry Vertical:

  • BFSI
  • IT & Telecom
  • Automotive
  • Education 
  • Retail 
  • Agriculture
  • Healthcare 
  • Others

The BFSI fragment represented the most significant piece of the market share in 2018. The BFSI segment is computerizing dull undertakings, for example, information entry, consistent guidelines, and gathering and formulation that empowers improvements in enhancing rate and productivity. These arrangements help in improving the effectiveness and exactness of different procedures and help in administrative and consistent detailing by gathering information from numerous frameworks.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Region Analysis:

North America is the biggest area with a portion of 32.84% because of the higher selection of mechanization and AI in various businesses and developing mobile penetration in Canada. North America is relied upon to rule the global intelligent process mechanization market during the estimated time frame because of the setup framework for the innovative work of trend-setting innovations in the locale that has prompted quick-paced advancements. Accordingly, the majority of the key players in the market are consistently presenting creative items in the market to take into account the rising interest. Europe is relied upon to represent 27.17% of the worldwide market because of the expanding interest for automation and RPA in European nations, for example, the U.K., France, Japan, and Germany. The developing prominence of intelligent process mechanization in developing areas, for example, APEJ, Latin America, and parts of Africa, are supported by the expanded spending automation innovation in the locales. Rising discretionary cash flow among individuals in the nations referenced above is probably going to build the extent of penetration of intelligent procedure automation in these areas in the near future.

Key Players in the Market:

Major key players in the global intelligent process automation market are

  • UiPath, Inc. (US)
  • SAP SE (Germany)
  • Dell EMC Corp. (US)
  • Blue Prism Group (UK)
  • IBM Corporation (US)
  • Salesforce.com, Inc. (US)
  • WorkFusion (US)
  • Accelirate, Inc. (US)
  • Kofax Inc. (US)
  • Pegasystems Inc. (US)
  • Open Text Corp. (Canada)

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FAQ's

What can be the size of the global Intelligent Process Automation Market by 2027?

By 2027, it is predicted that the global Intelligent Process Automation market can reach a valuation of US$ 20.7 billion.

What can be the compound annual growth rate of the global Intelligent Process Automation market?

The Global Intelligent Process Automation market can expand with a CAGR of 11.5% during the forecast period.

Mention the major Key Players in the Global Intelligent Process Automation Market?

UiPath, Inc. (US), SAP SE (Germany), Dell EMC Corp. (US), Blue Prism Group (UK), IBM Corporation (US), Salesforce.com, Inc. (US), WorkFusion (US), Accelirate, Inc. (US), Kofax Inc. (US), Pegasystems Inc. (US), Open Text Corp. (Canada), among Others.

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