Hyper Automation Market Prolific Business Methodology Considering Sales with Top Players Automation Anywhere, SolveXia, Wipro Limited, UiPath, ALLERIN TECH, Appian, OneGlobe , Mitsubishi Electric Corporation, Catalytic

The global hyper automation market was valued at US$ 4.2 billion in 2017, and is expected to surpass US$ 23.7 billion by 2027, exhibiting a CAGR of 18.9% over the forecast period (2019-2027). According to Global Hyper Automation Market Report, by Technology (Robotic Process Automation (RPA), Machine Learning (ML), Chatbots, Biometrics, Natural Language Generation, and Context-aware Computing), by End-use Industry (Manufacturing, Automotive, Healthcare, BFSI, Retail, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), published by Coherent Market Insights.

Many companies now a days are undergoing through the digital transformation to improve the overall manufacturing process and to increase the transparency on the shop floor. Digitalization helps in resource management, easy availability of real time data, and enhances the customer experience. For instance, according to the Coherent Market Insights analysis, the global digital transformation market accounted for US$ 255.2 Billion in 2018 and expected to exhibit a CAGR of 15.2% over the forecast period. Moreover, to implement a hyper automation solution, all the systems and process should be connected to each other. Digitalization is the first step in the hyper automation solutions. Digitalization along with technologies such as machine learning aids the companies in their decision making. Due to the digitalization, the real time data of systems is available for further analysis. Machine learning analyses the real time data available and selects the respective course of action, according to the preset algorithm.

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Increasing Demand for Hyper Automation Solutions in Emerging Economies of Asia Pacific, Owing to Transformation of Traditional Manufacturing Plants into Fully Automated Smart Factories is expected to drive the Market Positively in the Asia Pacific Region.

Asia Pacific held a dominant position in the global hyper automation market in 2018, and is estimated to retain its dominance over the forecast period. This is attributed to rapid conversion of traditional manufacturing plants into automated plants. For instance, in November 2018, Rane Madras limited, a manufacturer of car parts, adopted automated solutions for its new plant in Gujarat of Mitsubishi Electric Corporation. Due to implementation of solutions there is significant decrease in energy consumption of plant. Moreover, various hyper automated solutions providers in India include Wipro limited, Infosys Limited, and Tata Consultancy Services Limited. These factors are expected to drive growth of the hyper automation market over the forecast period in the Asia Pacific region.

Major players operating in the global hyper automation market include Automation Anywhere, Inc., SolveXia, Wipro Limited, UiPath, ALLERIN TECH PVT LTD, Appian, OneGlobe LLC., Mitsubishi Electric Corporation, Catalytic Inc, Infosys Limited, and Tata Consultancy Services Limited.

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