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2023 Cognitive Process Automation Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include Arago, Blue Prism, IBM, Kofax, UiPath
Cognitive Process Automation Market
Cognitive Process Automation Market Size, Growth Rate, And Forecast
The global cognitive process automation market size is expected to grow from $6.37 billion in 2022 to $7.22 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cognitive process automation market is expected to reach $11.56 billion in 2027 at a CAGR of 12.5%.
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Cognitive Process Automation Market Drivers
Increased use of automation technology is expected to boost the growth of the cognitive process automation market going forward. Automation technology refers to all procedures and tools that allow factories and systems to run automatically. Automation technology makes it possible for a system to run independently by using programmed commands in conjunction with automatic feedback control to ensure that the instructions are correctly carried out and are frequently utilized in sectors to revolutionize enterprises and improve daily operations by increasing productivity and reducing costs, which promotes market expansion.
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Cognitive Process Automation Market Segments
• By Type: Robotic Process Automation, Intelligent Automation
• By Services: Finance, HR, Procurement, IT Operations
• By Application: Natural Language, Pattern Identification, Locating Knowledge, Machine Learning, Endless Capacity, Speech-To-Text, Biometrics, Handwriting Recognition, Other Applications
• By Industry Vertical: BFSI, Telecom, Information Technology, Logistics, Manufacturing, Healthcare, Other Industry Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cognitive Process Automation market.
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Cognitive Process Automation Market Key Players
Major competitors in the Cognitive Process Automation market include Arago, Blue Prism, IBM, Kofax, UiPath, Automation Anywhere, Celation Ltd., IPSoft, Kryon Systems, Pegasystems Inc., WorkFusion, Verint, Redwood Software, Appian and Dynatrace LLC.
The Business Research Company's "Global Cognitive Process Automation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Cognitive Process Automation Market Include:
1. Executive Summary
2. Cognitive Process Automation Market Characteristics
3. Cognitive Process Automation Market Trends And Strategies
4. Cognitive Process Automation Market - Macro Economic Scenario
5. Cognitive Process Automation Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Cognitive Process Automation Market
29. Cognitive Process Automation Market Future Outlook and Potential Analysis
30. Appendix
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