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Intelligent Process Automation Market worth $37.23 billion by 2030, growing at a CAGR of 15.60% - Exclusive Report by 360iResearch
Intelligent Process Automation Market | 360iResearch
The Global Intelligent Process Automation Market to grow from USD 11.66 billion in 2022 to USD 37.23 billion by 2030, at a CAGR of 15.60%.
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Intelligent process automation (IPA) is a developed form of automation that amalgamates robotic process automation (RPA) with artificial intelligence (AI) and machine learning technologies to create systems capable of mimicking human actions while also learning and adapting to new processes and exceptions. By combining rules-based automation with cognitive elements, IPA enables the automation of routine and repetitive tasks and those that require perception, judgment, and decision-making. The increasing demand for automation in business processes and improved data analysis & decision-making drives the market growth. Additionally, the rise of digital transformation initiatives across industries and the growing focus on operational efficiency are propelling the market forward. Despite its potential, the growth of the IPA market faces limitations and challenges, including high initial implementation costs and concerns over data privacy and security. Furthermore, enhanced cognitive automation, integration with the Internet of Things (IoT), increased usage of cloud-based solutions, and the development of industry-specific IPA solutions are opening new avenues for market expansion.
In the American region encompassing the United States & Canada, the adoption of IPA is driven by a highly competitive business landscape that demands constant innovation and efficiency. Consumer needs are centered around personalized, rapid, and reliable service delivery, which has propelled businesses to invest heavily in IPA solutions. Customer purchasing behavior indicates a strong preference for solutions that promise scalability and integration with existing infrastructure. The European Union's adoption of IPA is structured around its strong regulatory framework, including the General Data Protection Regulation (GDPR), which impacts how businesses approach process automation concerning personal data. European Union countries have a diverse consumer base with high expectations for data security and ethical AI use. Purchasing behavior favors IPA solutions that are compliant with stringent data protection laws. The Middle East shows burgeoning interest with significant investments in smart city initiatives, suggesting a strong market for IPA solutions in sectors such as real estate, banking, and government services. The APAC region is evidenced by its massive investment in AI and related technologies. The market is characterized by consumers who are technology-savvy and open to AI adoption.
Market Segmentation & Coverage:
This research report categorizes the Intelligent Process Automation Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Bots, Computer Vision, Machine and Deep Learning, Natural Language Processing, Neural Networks, and Virtual Agents. The Computer Vision commanded largest market share of 23.80% in 2022, followed by Neural Networks.
Based on Component, market is studied across Services and Solution. The Services is further studied across Managed Services and Professional Services. The Professional Services is further studied across Advisory/Consulting, Design & Implementation, Support & Maintenance, and Training. The Solution is further studied across Platform and Software Tool. The Solution commanded largest market share of 64.61% in 2022, followed by Services.
Based on Application, market is studied across Application Management, Business Process Automation, Content Management, IT Operations, and Security. The Business Process Automation commanded largest market share of 23.88% in 2022, followed by IT Operations.
Based on Vertical, market is studied across BFSI, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Retail & Ecommerce, Telecommunications & IT, and Transport & Logistics. The BFSI commanded largest market share of 19.33% in 2022, followed by Telecommunications & IT.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 34.90% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Intelligent Process Automation Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Intelligent Process Automation Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Intelligent Process Automation Market, highlighting leading vendors and their innovative profiles. These include Appian Corporation, Atos SE, Blue Prism Group PLC by SS&C Technologies Holdings, Inc., Capgemini SE, CGI Inc., Cognizant Technology Solutions Corporation, DXC Technology Company, ExlService Holdings, Inc., expert.ai S.p.A., Foundever, Genpact LLC, Happiest Minds Technologies, HCL Technologies Limited, Infosys Limited, International Business Machines Corporation, Laiye Technology, Pegasystems Inc., Robocorp, Tata Consultancy Services Limited, Tecala Group, Tech Mahindra Limited, UiPath, Inc., Wipro Limited, and Xerox Holdings Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Intelligent Process Automation Market, by Technology
7. Intelligent Process Automation Market, by Component
8. Intelligent Process Automation Market, by Application
9. Intelligent Process Automation Market, by Vertical
10. Americas Intelligent Process Automation Market
11. Asia-Pacific Intelligent Process Automation Market
12. Europe, Middle East & Africa Intelligent Process Automation Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Intelligent Process Automation Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Intelligent Process Automation Market?
3. What is the competitive strategic window for opportunities in the Intelligent Process Automation Market?
4. What are the technology trends and regulatory frameworks in the Intelligent Process Automation Market?
5. What is the market share of the leading vendors in the Intelligent Process Automation Market?
6. What modes and strategic moves are considered suitable for entering the Intelligent Process Automation Market?
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