RPA & Hyper Automation Market Expected to Reach USD 44.1 Billion by 2029, with 23.4 % CAGR

22.8.2023 : RPA & Hyper Automation Market Report Scope and Research Methodology

Report Scope:

The comprehensive report delves into the Hyper Automation landscape, which represents the convergence of Artificial Intelligence (AI), Machine Learning (ML), and Robotic Process Automation (RPA). This technological synergy has fueled enhanced business operations, meeting the increasing demand for automated solutions in business continuity and planning. The resulting streamlined workflows, amplified efficiency, reduced human errors, and lower operational costs are driving factors behind the growth of the RPA & Hyper Automation Market.

Research Methodology:

The report is founded on a robust research methodology, combining extensive market analysis and intricate data interpretation. A thorough exploration of key players, market trends, and micro-economic influences is presented, offering stakeholders a clear understanding of the market dynamics and projected trends.

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What are RPA & Hyper Automation Market Dynamics?

Market Drivers:

The modernization wave is propelling the Hyper Automation market towards substantial growth. Industries such as manufacturing, pharmaceuticals, and automobiles are rapidly transitioning tasks once performed by humans to automated systems. The deployment of Hyper Automation technologies facilitated business operations during the global pandemic, demonstrating their resilience and adaptability in sectors like healthcare, education, and public services.

Market Restraints:

While Hyper Automation and RPA offer myriad advantages, they are not immune to challenges. The shift towards these technologies has resulted in reduced human labor demand, leading to concerns about unemployment. Furthermore, the costs and maintenance associated with these technologies, along with a lack of technical proficiency, have posed barriers to their widespread adoption.

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RPA & Hyper Automation Market Segmentation?

By Size of Organisation, Small and medium-sized businesses have a high CAGR. These small and medium-sized businesses have been encouraged by the RPA market to invest in RPA and hyper automation during the forecast period in order to increase productivity and cut costs. These businesses choose RPA for its flexibility, reduced technology risk, cost effectiveness, and ability to boost business productivity.

Increasing automation in businesses will aid small and medium-sized enterprises in accelerating market expansion. These tiny organisations must continue to cover their operational costs while having limited financial and human resource resources.

The many forms of RPA and hyper automation market business are classified by business function as follows: sales and marketing, finance and accounting, human resources, operations and supply chains, and information technology.

During the forecast period, which service segment should hold a larger market share. The software lifecycle includes a number of services, such as deployment, integration, product upgrade, maintenance, training, and consulting. The three categories of services into which this division is classified are servers, apps, and managed services. Third-party vendors offer managed services, which are used to host and manage servers, applications, and networks for customers. Direct parent corporations are contacted for professional services.

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Who are RPA & Hyper Automation Market Key Players?

1. IBM (US)
2. Microsoft (US)
3. SAP (Germany)
4. Alteryx (US)
5. Appian (US)
6. Juniper Networks (US)
7. NICE (Israel)
8. Zendesk (US)
9. Pegasystems (US)
10. Automation Anywhere (US)
11. UiPath (US)
12. ProcessMaker (US)
13. SolveXia (Australia)
14. PagerDuty (US)

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Table of content for the RPA & Hyper Automation Market includes:

Global RPA & Hyper Automation Market: Research Methodology

Global RPA & Hyper Automation Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global RPA & Hyper Automation Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global RPA & Hyper Automation Market Segmentation
Global Market, by Organization (2022-2029)
Global Market, by Business (2022-2029)

Regional RPA & Hyper Automation Market (2022-2029)
Regional Market, by Organization (2022-2029)
Regional Market, by Business (2022-2029)
Regional Market, by Country (2022-2029)

Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

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Regional Insights:

The Asia Pacific region is projected to witness remarkable growth, driven by countries such as China, Japan, and India. The surge in AI adoption across sectors like BFSI, manufacturing, and retail has fueled the region's Hyper Automation market expansion. Europe follows suit with its proactive investment in RPA & Hyper Automation, particularly in countries like Germany, where automation is being harnessed to optimize processes, lower costs, and enhance customer experiences.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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