Intelligent Process Automation Market With Emerging Trends and SWOT Analysis 2020 | IBM Corporation, Atos, Tech Mahindra Limited, Accenture PLC, Tata Consultancy Services Limited

Intelligent process automation is the application of artificial intelligence and related new technologies, which include computer vision, cognitive automation, machine learning, and robotic process automation. It is integration of machine learning and robotic process automation, which assists the human work and has the tendency to improve over a period without any command. Intelligent process automation consists of five technologies. These include robotics process automation, smart workflow, machine learning, natural language generation, and cognitive agents.

Increased adoption rate of automation processes to transform workplaces drives the growth of the intelligent process automation market. In addition, the rise in investment by small firms in digital transformation and growth in adoption due to faster decision-making ability across the organization are the major factors which fuel the growth of the intelligent process automation market. However, high implementation cost and difficulty to penetrate in underdeveloped and low literacy rate regions hamper the growth of the market. Furthermore, development of a unified intelligent automation tool and building of digital workforces is anticipated to provide major opportunities in the intelligent process automation market.

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The intelligent process automation market is segmented based on component, deployment mode, organization size, technology, application, industry vertical and region. In terms of component, the market is bifurcated into solution and service. As per deployment mode, the market is segmented into cloud and on-premise. Based on technology, the market is segmented into natural language processing, machine and deep learning, neural networks, virtual agents, mini bots, computer vision, and others. In terms of application, the market is categorized into enterprise content management, business process management, customer experience management, business intelligence and analytics, enterprise mobility, others. As per industry vertical, the intelligent process automation market is segmented into BFSI, IT & telecom, automotive, education, retail, agriculture, healthcare and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the intelligent process automation market analysis are IBM Corporation, Atos, Tech Mahindra Limited, Accenture PLC, Tata Consultancy Services Limited, Infosys Limited, Capgemini SE, Cognizant, Genpact, and Xerox Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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