Intelligent Process Automation Market, Geographic Region Segment Scope And Regional Outlook, Trending Technologies, Developments, Key Players And End-Use Industry- 2030
Market scenario:
The Intelligent Process Automation Market will register a CAGR of
11.91%, witnessing substantial growth during the forecast period. The market
has a market value of USD 8200.3 million in 2019, and the same is expected to
reach USD 1,4392.4 million by the end of the current forecast period. North
America accounted for the most significant market value of USD 2624.6 million
in 2018; the market is expected to register a CAGR of 10.83% during the
forecast period.
Intelligent process
automation (IPA) stands for application technology. Its software is designed
with extra features like artificial intelligence and related new technologies,
including cognitive automation, machine learning, and computer vision, which
are used for high volume handling and repeatable tasks. It is constructive in
improving business processes by reducing the human hand to assist workers by
eliminating repetitive, replicable, and routine tasks. Thus, it enhances the
customer experience by simplified methods and techniques.
Furthermore, this IPA
helps in doing the work in a simple and better way within time and improves the
processes' efficiency degree and response time. Hence, it increases the worker’s
performance customer experience and also helps in reducing the operational
risks. To design a new generation of hardware and software to automate
industrial processes, there is a need for a few factors like improvement in
sensors, advances in machine learning techniques, and increasing computing
power is helpful.
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Competitive Outlook:
This can lower administration costs while
simultaneously catering to demand of clients with the help of virtual
assistants. The aim of Lab Tech for expanding its application for billing,
contract renewal, management, and other ad hoc tasks can bode well for the
market.
Some prominent global companies are as
follows:,UiPath, Inc. (US),Blue Prism Group (UK),Dell EMC Corp. (US),SAP SE
(Germany),IBM Corporation (US)
Segmentation:
The Intelligent Process
Automation Market will register a CAGR of 11.91%, witnessing substantial growth
during the forecast period. The market has a market value of USD 8200.3 million
in 2019, and the same is expected to reach USD 1,4392.4 million by the end of
the current forecast period. North America accounted for the most significant
market value of USD 2624.6 million in 2018; the market is expected to register
a CAGR of 10.83% during the forecast period.
Intelligent process
automation (IPA) stands for application technology. Its software is designed
with extra features like artificial intelligence and related new technologies,
including cognitive automation, machine learning, and computer vision, which
are used for high volume handling and repeatable tasks. It is constructive in
improving business processes by reducing the human hand to assist workers by
eliminating repetitive, replicable, and routine tasks. Thus it enhances the
customer experience by simplified methods and techniques.
Furthermore, this IPA
helps in doing the work in a simple and better way within time and improves the
processes' efficiency degree and response time. Hence, it increases the
worker’s performance customer experience and also helps in reducing the
operational risks. To design a new generation of hardware and software to
automate industrial processes, there is a need for a few factors like
improvement in sensors, advances in machine learning techniques, and increasing
computing power is helpful.
Regional
Analysis:
Globally, the
intelligence process automation based on the region is divided into four main
geographies: North America, Asia-Pacific, Europe, and the rest of the world.
During the review period, North America is expected to dominate the largest
intelligent process automation market share due to its established
infrastructure for developing advanced technologies in the region, which leads
to fast-paced development.
In June 2019, to extend automation
capabilities intelligently in the cloud, a major key player Blue Prism acquired
an intelligent automation industry, Thoughtonomy. To combine AI, RPA, cloud
deployment in a single platform, this acquisition proves to be futuristic and
helpful and is for scaling automation strategy at a high rate.
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1 Executive
Summary
2 Scope
of the Report
2.1 Market
Definition
2.2 Scope of the
Study
2.2.1 Research
objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
List of Tables
TABLE
1 LIST OF ASSUMPTIONS 31
TABLE
2 GLOBAL INTELLIGENT PROCESS AUTOMATION MARKET, BY DATA TYPE, 2020–2027 (USD
MILLION) 44
TABLE
3 STRUCTURED: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027 (USD
MILLION) 45
Continued….
**Trending
Report**
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