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RPA and Hyperautomation Market Size, Growth, Industry Trends | Emergen Research
RPA and Hyperautomation Market
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Key Growth Drivers
Rising Demand for Automation Across Industries
Automation is becoming a crucial aspect of operations in various industries, including construction and manufacturing. By integrating advanced technologies like RPA and hyperautomation, businesses can prevent safety violations, reduce liabilities, and ensure equipment and worker safety. These tools provide real-time data on job-site activities, empowering companies to make informed, data-driven decisions.
Technological Advancements Boosting Adoption
Rapid advancements in automation technologies are fueling market growth. Companies are investing in next-generation solutions to stay competitive. For instance, Appian, a cloud computing company, launched a new version of its low-code automation platform in December 2020, combining AI, RPA, and process automation.
These technological advancements offer robust, scalable solutions for businesses, enabling them to automate and optimize complex processes. As such innovations continue, the RPA and hyperautomation market is expected to thrive during the forecast period.
Challenges to Market Growth
Lack of Awareness Among Smaller Enterprises
One of the key barriers to market growth is the limited awareness of RPA and hyperautomation solutions, particularly among small and medium-sized enterprises (SMEs). Many SMEs and businesses in regions like Asia-Pacific, where affordable manual labor is readily available, are unfamiliar with the benefits of automation technologies.
Effective deployment of RPA and hyperautomation relies on understanding how these tools can improve efficiency and reduce costs. Without widespread awareness, adoption remains limited in price-sensitive markets, slowing the overall growth of the sector.
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Segment Insights
Large Enterprises Leading the Market
Large enterprises dominated the RPA and hyperautomation market in 2023, a trend expected to continue over the forecast period. These organizations often rely on advanced tools like big data and data analytics, driving the need for secure and scalable data storage solutions. Corporate data centers remain a preferred choice for large-scale enterprises, contributing to the growth of this segment.
SMEs Showing Significant Potential
The SME segment is anticipated to grow at a notable rate during the forecast period. The increasing adoption of cloud-based solutions and the demand for scalable, easy-to-implement automation tools are driving growth in this segment. SMEs are recognizing the potential of automation to streamline operations and improve competitiveness, further bolstering market expansion.
The global RPA and hyperautomation market is set for robust growth, driven by increasing adoption across industries and rapid advancements in automation technologies. While challenges like limited awareness in some regions remain, the growing need for efficiency and safety in business operations is expected to propel the market forward.
RPA and Hyperautomation Top Companies and Competitive Landscape
The market for RPA and hyper-automation is expanding quickly as businesses look to automate processes to increase productivity and cut expenses. While hyper-automation combines RPA with AI, machine learning, and process mining to automate complicated workflows, robotic process automation (RPA) simplifies repetitive chores.
End-to-end automation is made possible by platforms offered by major players like Microsoft, Blue Prism, Automation Anywhere, and UiPath that easily interact with business systems. Businesses prioritise intelligent decision-making, advanced analytics, and low-code/no-code solutions for wider adoption as competition heats up. The need for scalable, adaptable, and highly integrative automation solutions is driving the market in industries including manufacturing, healthcare, and finance.
In February 2022, IBM and SAP partnered to provide technology and consulting expertise to assist clients in implementing a hybrid cloud strategy and moving mission-critical workloads from SAP systems to the cloud for both regulated and non-regulated industries.
Some of the key companies in the global RPA and Hyperautomation market include:
IBM
Microsoft
SAP
Alteryx
Appian
Juniper Networks
NICE
Zendesk
Pegasystems
Automation Anywhere
RPA and Hyperautomation Latest Industry Updates
In April 2022, Juniper Networks declared that PP Telecommunication Sdn. Bhd. (PPTEL), a well-known network service provider with headquarters in Sarawak has chosen it to offer solutions for the construction of a new core network that would support its expansion goals. With this network's support, PPTEL will be able to meet the demand for vital high-speed internet connectivity, giving businesses and consumers access to more comprehensive digital services and experiences.
In April 2022, Leading IT talent development company SkillStorm just announced that it had joined Appian as an Education Partner. SkillStorm provides its commercial and federal services clients with specialised teams of specially trained U.S. tech experts. Through its Hire, Train, Deploy ("HTD") and upskilling programs, SkillStorm, an authorised Appian Education Partner, will help its clients expedite their digital transformation initiatives by offering a unique pipeline of highly qualified and specialised Appian Developers at scale.
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The main report offers detailed historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each of the segments from 2020 to 2033:
RPA and Hyperautomation Market Segmentation Analysis
Component Outlook (Revenue, USD Million; 2020-2033)
Solution
Standalone
Integrated
Services
Professional Services
Training & Consulting
System integration & implementations
Support & Maintenance
Managed Services
Deployment Mode Outlook (Revenue, USD Million; 2020-2033)
Cloud
On-premises
Organization Size Outlook (Revenue, USD Million; 2020-2033)
SMEs
Large Enterprises
Business Function Outlook (Revenue, USD Million; 2020-2033)
Sales & Marketing
Finance & Accounting
Human Resources (HR)
Supply Chain & Operations
Information Technology (IT)
Verticals Outlook (Revenue, USD Million; 2020-2033)
BFSI
IT & Telecom
Retail & Consumer Goods
Healthcare & Life Sciences
Manufacturing
Transportation & Logistics
Other Verticals
Regional Outlook (Revenue, USD Million; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
RPA and Hyperautomation Market Snapshots
RPA and Hyperautomation Market Size@https://www.emergenresearch.com/industry-report/rpa-and-hyperautomation-market/market-size
RPA and Hyperautomation Market Share@https://www.emergenresearch.com/industry-report/rpa-and-hyperautomation-market/market-share
RPA and Hyperautomation Market Trends@https://www.emergenresearch.com/industry-report/rpa-and-hyperautomation-market/market-trends
RPA and Hyperautomation Regional Market Demand@https://www.emergenresearch.com/industry-report/rpa-and-hyperautomation-market/regional-market-demand
Eric Lee
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Emergen Research | Web: www.emergenresearch.com
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