Intelligent Process Automation Market to Reach $20.7375 Billion, Globally, by 2027 at 11.5%. CAGR: Says Reports and Data | Top Players are IBM Corporation, Salesforce.Com, Inc., Capgemini, Cognizant, etc

According to the current analysis of Reports and Data, the global Intelligent Process Automation Market was valued at USD 8.1 Billion in 2019 and is expected to reach USD 20.7375 Billion by year 2027, at a CAGR of 11.5%.

The Intelligent Process Automation Market highlights the technologies and the applications of IPA in the different industries. The intelligent process automation market is segmented on the basis of component; software/tools and services. The services include professional and managed services offered by the IPA vendors to complement their offerings. The IPA is offered as integrated set of software or as an tool. The intelligent process automation market comprises of the IPA applications among different business functions in the industries. The intelligent process automation market is segmented into different end users. These end users have implemented IPA for different process and are reaping the benefit of IPA such as cost optimization, enhanced productivity and security. Intelligent Automation is an advanced version of automation in which computers imitate human behaviour and possess cognitive capacities, including processing of natural language, voice recognition, computer vision technology, and machine learning. Machines with automated intelligence utilise the vast quantity of structured and unstructured data, evaluate, understand and learn on - the-go, and smartly automate procedures to deliver greater operational efficiency and business efficiency.

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The organizations globally are implementing the IPA to run their business in a cost efficient way. The IPA offers several benefits to the business such as orchestration of human robots, automation of repetitive and scheduled tasks, ensuring proper governance and compliance with minimizing risks, process visibility through the entire customer journey, and business agility and speeding the changing business process. The IPA enables businesses to find, model, evaluate, evaluate, enhance, optimize, handle and automate different company procedures to enhance their efficiency. Intelligent process automation solutions are increasingly being adopted by companies around the world to decrease operating costs without influencing the quality and effectiveness of business processes.

The companies mentioned in the report are analyzed based on their revenue, price margins, and product offerings. These companies include UiPath, Inc., SAP SE, Dell EMC Corporation, Blue Prism Group, IBM Corporation, Salesforce.Com, Inc., Capgemini, Cognizant, Pegasystems, Genpact, and Happiest Minds.

The banking end user segment has the maximum adoption of the IPA solutions in the intelligent process automation market. In the banking industry, different interfaces connect various devices to each other to allow transaction-related information flow. Using IPA these interfaces are controlled and monitored to guarantee seamless transaction execution and solve workflow bottlenecks. IPA solutions enhance the precision and effectiveness of different procedures and help in regulatory and compliance reporting by collecting data from multiple systems and conducting validation checks to prepare thorough analysis information.

Segments covered in the report:
For the purpose of the study, this Reports and Data have segmented the Global Intelligent Process Automation Market on the basis of application, end user and the regional outlook:

Component (Revenue, USD Billion; 2016–2026)
Software/Tools
Services

Application (Revenue, USD Billion; 2016–2026)
Business Process Management
Application Management
Content Management
Robotic Process Automation
Business Intelligence and Analytics
Security
Others

Business Function (Revenue, USD Billion; 2016–2026)
Operations
Finance
IT
Compliance
Legal
Others

End Users (Revenue, USD Billion; 2016–2026)
Telecom and IT
Banking, Financial Services, and Insurance (BFSI)
Transport and Logistics
Healthcare
Media and Entertainment
Manufacturing
Retail and ecommerce
Others

Regional Outlook: (Revenue, USD Billion; 2016–2026)
North America
Europe
Asia Pacific
Latin America
Middle East and Africa (MEA)

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Further key findings from the report suggest:
Intelligent Process Automation Market is fastest growing at a CAGR of 0% in Asia Pacific owing to the globalization, economic development, digitalization, and the increased adoption of cloud technologies in developing countries such as India and China

Platform/tools is accounted to be the leading segment which is valued at USD 6.54 Billion in 2018i the market

North America is the largest region with a share of 32.84% due to the higher adoption of automation and AI in different industries and growing mobile penetration in Canada

Managed services segment is the fastest growing at a CAGR of 20.4% due to the need for focusing on core business activities.

Europe is expected to account for the 27.17% of the global market due to the increasing demand for automation and RPA in European countries such as U.K., France, Japan, and Germany

Banking, Financial Services, and Insurance (BFSI) end user to account for the largest market size during the forecast period. Banking companies are gradually implementing automated and IPA technology-driven approaches for customer experience and cost savings

Chatbot automation is the latest innovation in the global IPA Market.

Reasons to invest in this report:
• To gain a thorough, in-depth understanding of the global Intelligent Process Automation market.
• To study the latest trends and projected growth rate over the forecast timeline.
• To assist the industry specialists, market investors, and stakeholders line up their market-centric strategies to make profits.
• To acquire well-informed insights to make correct business decisions.
• To conduct a competitive analysis of major market participants of the industry.

What does the report cover with respect to the regional landscape of the market?

1) The Intelligent Process Automation Market report, with respect to the regional landscape, analyzes and examines each geographical segment of the market by looking at the supply, import, export, consumption, and production in these regions to provide the readers a complete understanding of the market. The countries covered are North America, Latin America, Asia Pacific, Europe, and Middle East & Africa.

2) Basic information regarding the market share held by different regions is included in the report. The business offerings in the report give the latest and trustworthy information to the readers that would help them build their businesses.

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Additionally, the report includes the analysis of different products that are available in the Intelligent Process Automation market in the context of production volume, revenue, pricing structure, and demand and supply figures. The research report highlights the profitable business strategies of the key market competitors, along with their business expansions, composition, partnership deals, and new product/service launches and others.

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