Global Intelligent Process Automation Market Overview Covering Forecast Market Size And Growth Rate 2033 | HCL Technologies, Pegasystems Inc., Virtual Operations, Atos SE, Happiest Minds Technologies

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Intelligent Process Automation Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $35.13 billion In 2028 At A CAGR Of 10.5% :

The intelligent process automation market size has grown rapidly in recent years. It will grow from $14.36 billion in 2023 to $16.38 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to digital transformation initiatives, cost efficiency and productivity, data analytics integration, regulatory compliance and risk management, customer experience enhancement.

The intelligent process automation market size is expected to see rapid growth in the next few years. It will grow to $29 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to ai-powered automation adaptation, cloud-based ipa solutions, industry-specific solutions, enhanced customer experience, remote workforce support. Major trends in the forecast period include adaptive and self-learning automation, human-ai collaboration, cloud-based deployment, industry-specific solutions, process mining and analytics.

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Intelligent Process Automation Market Major Segments
The intelligent process automation market covered in this report is segmented -

1) By Offering: Platform, Solution, Services,
2) By Technology: Natural Language Processing, Machine and Deep Learning, Neural Networks, Virtual Agents, Mini Bots and RPA, Computer Vision, Other Technologies,
3) By Deployment Mode: On Premises, Cloud,
4) By Organization Size: Large Enterprises, SMEs,
5) By Vertical: BFSI, Telecommunications and IT, Manufacturing and Logistics, Media and Entertainment, Retail and eCommerce, Healthcare and Life Sciences, Other Verticals,

Key Driver - The Surge Of Intelligent Process Automation In The Era Of Rising Industrial Automation

Rising automation in various industries is expected to propel the growth of the intelligent process automation market going forward. Automation refers to technology applications where human input is minimized. Intelligent process automation is used in various industries to automate repeatable business functions and improve workforce productivity and performance. For instance, in August 2020, according to Windward Studios LLC, a US-based company that provides document automation and reporting software, global spending on marketing automation is increasing by 14% yearly. It is expected to reach $25 billion by 2023. By 2022, robots are expected to automate 42% of the time spent on manufacturing processes. Therefore, rising automation in various industries is driving the growth of the intelligent process automation market.

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Prominent Trend - Cloud4C's Hyper-Automation Solution Sets The Pace In Intelligent Process Automation

The adoption of hyper-automation is a key trend gaining popularity in the intelligent process automation market. Major market players are creating innovative technologies to sustain their position in the intelligent process automation market. For instance, in March 2021, Cloud4C, a Sinapore-based cloud-managed services provider company, introduced a turnkey hyper automation solution to achieve end-to-end process transformations. The Cloud4C hyper automation solution combines Robotic Process Automation and advanced technologies such as artificial intelligence (AI), machine learning (ML), process analytics, process mining, ingestion engines, among others to discover the right business processes for automation, extract data from unstructured sources, automate complex tasks, strategically scale automation across an enterprise and other similar tasks. This solution can help organizations automate some of their core tasks and transform their businesses.

Intelligent Process Automation Market Players
Major companies operating in the intelligent process automation market report are HCL Technologies, Pegasystems Inc., Virtual Operations, Atos SE, Happiest Minds Technologies, Cognizant, Mahindra & Mahindra Limited, Xerox Holdings Corporation, Wipro Limited, CGI Inc., Infosys Limited, UiPath, Genpact Ltd., Tata Consultancy Services, Capgemini SE, International Business Machines Corporation, NICE Systems Ltd., WorkFusion Inc., Automation Anywhere Inc., Hyper Labs Inc., AutomationEdge Technologies, Kofax Inc., Sutherland Global Services Inc., ExlService Holdings Inc., Avanade Inc., SAP SE, Mindtree Limited, Cisco Systems Inc., Alibaba Group Holding Ltd., CognitiveScale

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Largest And Fastest Growing Region In The Market
North America was the largest region in the intelligent process automation market share in 2023. The regions covered in the intelligent process automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Intelligent Process Automation Market Report Structure
3. Intelligent Process Automation Market Trends And Strategies
4. Intelligent Process Automation Market - Macro Economic Scenario
5. Intelligent Process Automation Market Size And Growth
…..
27. Intelligent Process Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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