Press release
RPA And Hyperautomation Market 2023 - By Industry Share, Future Trends, Size, Growth Rate And Key Players
RPA And Hyperautomation Market
The Business Research Company's RPA And Hyperautomation Global Market Report 2023 identifies increase in significance of robotics in various industries as the major driver for the RPA And Hyperautomation market's growth in the forecast period. A robot is an automated machine that can carry out specific activities quickly and accurately with little to no human involvement. Hyper automation provides automation for any repetitive action performed by business users by combining robotic process automation with artificial intelligence and increasing the significance of robotics in various industries.
The global RPA and hyperautomation market size is expected to grow from $10.23 billion in 2022 to $12.33 billion in 2023, at a compound annual growth rate (CAGR) of 20.5%. 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 RPA and hyperautomation market is expected to grow to $26.04 billion in 2027 at a CAGR of 20.6%.
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Major competitors in the RPA And Hyperautomation market are IBM Corporation, Microsoft Corporation, SAP SE, Alteryx Inc., Nice Ltd., Juniper Networks Inc., Pegasystems Inc., Appian Corporation.
A key trend in the RPA And Hyperautomation market includes technological advancements. Major companies operating in the automation sector are focused on developing the latest technological solutions in automation, such as a unified platform for hyper-automation, to strengthen their position in the market. For instance, in December 2020, Appian, a US-based cloud computing and enterprise software company, launched a new version of its low-code automation platform. Low-code robotic process automation (RPA), artificial intelligence (AI), and process automation are all combined in the newest iteration of Appian's platform. The updated edition makes it simple for IT to generate quick and significant business value from a new generation of strong and scalable, united enterprise automation technologies.
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The RPA And Hyperautomation market is segmented -
• By Component: Solution, Services
• By Deployment Mode: On-Premise, Cloud
• By Business Function: Sales and Marketing, Finance and Accounting, Human Resources, Supply Chain And Operations, Information Technology (IT).
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the RPA And Hyperautomation market.
The Business Research Company's "Global RPA And Hyperautomation Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The RPA And Hyperautomation Market Include:
1. Executive Summary
2. RPA And Hyperautomation Market Characteristics
3. RPA And Hyperautomation Market Trends And Strategies
4. RPA And Hyperautomation Market - Macro Economic Scenario
5. RPA And Hyperautomation Market Size And Growth
…………………………………….
26. Africa RPA And Hyperautomation Market
27. RPA And Hyperautomation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The RPA And Hyperautomation Market
29. RPA And Hyperautomation Market Future Outlook and Potential Analysis
30. Appendix
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