Press release
Hyper Automation Market Opportunity Analysis and Innovative Technology Analysis 2021-2027
Hyper automation is the combination of two or more technologies such as robotic process automation, predictive analytics, and artificial intelligence. Hyper automation is used for simplifying the workflow and increase the efficiency of the manufacturing process with minimum human intervention. In hyper automation, the human interference is minimum so probability of human errors and operational cost also decreases. The existing enterprise solutions such as enterprise resource planning software, customer relationship management software forms the base for the hyper automation by extracting the relevant data.Global hyper automation market is expected to witness a significant growth during the forecast period (2019–2027). The market growth is majorly attributed to increasing adoption of automated manufacturing processes by various industries such as pharmaceutical. In manufacturing Industry some jobs that were done by humans previously, are now performed by the machines. For instance, in May 2019, Thermax Limited, a provider of energy solutions, automated its chemical mixing process in Dahej, Gujarat plant. The company removed workers from chemical mixing process and created algorithm for each recipe. The machine operator feeds recipe to into a system and machines follows the instructions according to the preset algorithm. Furthermore, Thermax Limited started a new highly automated facility in the Sri City, Andhra Pradesh in 2019. Due to the hyper automation solutions, company is managed to reduce the production cycle from 4o days to 15 days.
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Which are Complay Profile Playes Major Role in Hyper Automation (AML) Market?
• ALLERIN TECH PVT LTD
• Automation Anywhere, Inc.
• Catalytic Inc
• Infosys Limited
• Mitsubishi Electric Corporation
• OneGlobe LLC.
• SolveXia
• Tata Consultancy Services Limited.
• UiPath
• Wipro Limited
What are the Key Segments in the Market By Types?
• Robotic Process Automation (RPA)
• Machine Learning (ML)
• Chatbots
• Biometrics
• Natural Language Generation
• Context-aware Computing
What are the Key Segments in the Market By End-use Sector?
Manufacturing
• Automotive
• Healthcare
• BFSI
• Retail
• Others
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About Coherent Market Insights:-
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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