Press release
RPA and Hyperautomation Market: Share Analysis, Size, & Forecast to 2033 || IBM Corporation, Microsoft Corporation, SAP SE, Alteryx Inc
RPA and Hyperautomation Market
The Business Research Company presents an extensive market research report on the RPA And Hyperautomation Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The rpa and hyperautomation market size has grown rapidly in recent years. It will grow from $12.24 billion in 2023 to $14.59 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to cost efficiency and productivity, business process optimization, shift to digital transformation , focus on workforce enhancement, early adoption in it operations..
The rpa and hyperautomation market size is expected to see exponential growth in the next few years. It will grow to $30.75 billion in 2028 at a compound annual growth rate (CAGR) of 20.5%. The growth in the forecast period can be attributed to hyperautomation expansion, post-pandemic transformation, cost efficiency and productivity gains, industry-specific use cases, cloud-based solutions.. Major trends in the forecast period include data security and privacy concerns, focus on scalability and flexibility, proliferation of intelligent automation, skill development and workforce changes, vendor innovation and competition..
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Key Market Players:
Major companies operating in the rpa and hyperautomation market report are IBM Corporation, Microsoft Corporation, SAP SE, Alteryx Inc., Nice Ltd., Juniper Networks Inc., Pegasystems Inc., Appian Corporation, UiPath Inc., HelpSystems LLC, Zendesk Ltd., Automation Anywhere, ProcessMaker, SolveXia, Blue Prism Group Plc., Celonis, Laserfiche, Tata Consultancy Services, Mitsubishi Electric Corporation, Catalytic Inc, OneGlobe LLC, PagerDuty Inc., Honeywell InternationalInc., NTTData, Capgemini, Cognizant, Infosys, Larsen & Toubro Infotech, Tech Mahindra
Market Drivers:
The increase in significance of robotics in various industries contributes to the growth of the RPA and Hyper automation markets. 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. For instance, according to a 2021 report published by the International Federation of Robotics (IFR), a non-profit organization that promotes, strengthens, and protects the robotics industry worldwide, a total of 3 million industrial robots are now in use in different industries around the world, which shows a 10% increase compared to 2020. The sales of new robots increased modestly at a 0.5% rate, with 384,000 units sold globally in 2020. Therefore, the increasing significance of robotics in various industries is expected to propel the growth of the RPA and hyper-automation market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/rpa-and-hyperautomation-global-market-report
The rpa and hyperautomation market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment Mode: On-Premise, Cloud
3) By Business Function: Sales and Marketing, Finance and Accounting, Human Resources, Supply Chain And Operations, Information Technology (IT)
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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