Press release
Hyperautomation Technologies: Global Market Dynamics 2024
Hyperautomation Market Size
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Report Coverage & Details:
• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $55.79 billion
• Revenue Forecast In 2033: $105.34 billion
• CAGR: 17.2%
Global Hyperautomation Market: Segmentation
The hyperautomation market covered in this report is segmented -
1) By Component : Hardware, Software, Services
2) By Technology : Robotic Process Automation, Machine Learning, Biometrics, Chatbots, Context Aware Computing, Natural Language Generation, Computer Vision
3) By Deployment: On-Premise, Cloud
4) By Function: Marketing And Sales, Finance And Accounting, Human Resources, Operations And Supply Chain, Information Technology, , , , ,
5) By End Use: Manufacturing, Automotive, Banking, Financial Services And Insurance (BFSI), Healthcare, IT And Telecommunication, Retail, Transportation And Logistics, Other End Users
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Hyperautomation Market Report: Growth Drivers
The rising adoption of automation is expected to facilitate the growth of the hyperautomation market moving forward. Automation involves creating and applying technologies to produce and deliver goods and services with minimal human input. Hyperautomation takes advantage of advanced technologies such as artificial intelligence, machine learning, and robotic process automation in a synergistic manner, enabling organizations to streamline complex workflows, enhance efficiency, and achieve digital transformation by automating both routine and complex knowledge-based tasks. For example, in May 2021, Automation Anywhere, a software company based in the US, reported that over 90% of hospitals and medical facilities transitioned from paper medical records to electronic health records (EHRs) for creating, accessing, storing, and sharing patient information. Furthermore, in January 2024, Kissflow Inc., another US-based software company, projected that the number of automated jobs is growing at 14% annually, with 69% of managerial tasks expected to be automated by 2024. Therefore, the increasing implementation of automation is driving the growth of the hyperautomation market.
Key Developments:
Accelerating Integration, Coordinated Tasks, And Enhanced Efficiency
In September 2022, UiPath Inc., a US-based software company, announced an alliance with OutSystems for an undisclosed amount. With this alliance, the aim of both companies is to combine their technologies and help customers improve productivity and operational efficiency by enabling high-performance automation with technologies from both companies, accelerating the integration of UiPath bots with OutSystems applications, automating back-office processes using UiPath bots and OutSystems interfaces to collect human inputs, coordinating departmental tasks with UiPath and using. OutSystems is a US-based low-code development platform that provides tools for companies to develop, deploy, and manage hyperautomation applications.
Top Market Leader Included:
Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Intel Corporation , International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Oracle Corporation, Mitsubishi Electric Corporation, SAP SE, Tata Consultancy Services Limited, Infosys Limited, Baidu Inc., Wipro Ltd., Genpact Limited, SAS Institute Inc., Nutanix Inc., Cyient Ltd., Automation Anywhere Inc., Cloudera Inc., BlackSwan Technologies Inc., Gorilla Technology Group, OneGlobe LLC, Tact.ai Technologies Inc., ClearBlade Inc., Gigaforce Inc., SolveXia Pty Ltd.
Hyperautomation Industry: Regional Landscape
North America was the largest region in the hyperautomation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hyperautomation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hyperautomation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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What Does The Global Hyperautomation Market Report Include?
1.Introduction
• Overview of the Hyperautomation Market
• Comprehensive Analysis of Hyperautomation Market
2. Hyperautomation Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. Hyperautomation Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel
4. Competitive Landscape And Company Profiles In The Hyperautomation Market
• Overview
• Products and Services
• Strategy
5. Hyperautomation Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In Hyperautomation Market
• Technological Advancements
• Emerging Trends
7. Hyperautomation Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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