Digital Transformation Is Fueling Expansion Of The Machine Learning Intelligent Process Automation Market: An Emerging Driver Transforming The Machine Learning (ML) Intelligent Process Automation Market Landscape

The Machine Learning (ML) Intelligent Process Automation Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Machine Learning (ML) Intelligent Process Automation Market Size During the Forecast Period?
The intelligent process automation market, with a focus on machine learning (ML), has swiftly expanded in recent years. The market size is projected to increase from $19.58 billion in 2024 to $23.19 billion in 2025, reflecting an 18.4% compound annual growth rate (CAGR). Reasons for growth throughout the historical period include heightened investment in improving business operation efficiency, the adoption of new technologies across different industrial sectors, a surge in demand for intelligent process automation products and services, a general reduction in manual labor through increased automation, and an overall emphasis on improving operational efficacy.

The market size for machine learning (ML) smart process automation is projected to witness swift expansion in the upcoming years, escalating to $45.09 billion in 2029 with a compound annual growth rate (CAGR) of 18.1%. This surge during the forecast period is due to factors like the incorporation of cutting-edge technologies, product portfolio expansions and improvements, the embracing of novel automation solutions, rising demand for automation technologies in emerging economies, and a push towards automation for superior customer experiences. Key trends during the forecast period encompass the blending of cloud-based technologies into automation, the heightened use of machine learning methods for greater efficiency, the surge in virtual agents for enhancing customer service, the deployment of natural language processing for better interactions, and an emphasis on AI-powered decision-making processes.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14952

What Are the High-Growth Segments in the Machine Learning (ML) Intelligent Process Automation Market?
The machine learning (ML) intelligent process automation market covered in this report is segmented -

1) By Type: Structured, Unstructured
2) By Component: Solutions, Software Tools, Platforms, Services, Professional Services, Advisory Or Consulting, Design And Implementation, Training, Support And Maintenance, Other Components
3) By Application: Information Technology Operations, Contact Center Management, Business Process Automation, Application Management, Content Management, Security Management, Other Applications
4) By End User: Banking, Financial Services, Insurance (BFSI), Telecommunications And Information Technology (IT), Transport And Logistics, Media And Entertainment, Retail And E-Commerce, Manufacturing, Healthcare And Life Sciences, Human Resource Management

Subsegments:
1) By Structured: Data Extraction, Data Classification, Data Processing, Data Integration
2) By Unstructured: Natural Language Processing (NLP), Image Recognition, Text Analytics, Speech Recognition

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14952&type=smp

What Key Drivers Are Expected to Influence Future Machine Learning (ML) Intelligent Process Automation Market Growth?
Driving the expansion of the machine learning (ML) intelligent process automation market is the surging demand for digital transformation. Defined as infusing digital technology into an organization's offerings, operations, and strategies, digital transformation amplifies efficiency, productivity, customer involvement, innovation, and revenue generation. Various factors, such as the quest for amplified efficiency, maneuverability, and competitiveness in an increasingly digitally-oriented and interconnected business world, are fueling this demand. Machine learning intelligent process automation, a major component of digital transformation, is employed to automate mundane tasks, refine processes, and make data-backed decisions across numerous business roles, thereby augmenting efficiency and productivity. For example, as per the Central Digital and Data Office, the UK's governmental data office, the government's digital and data profession witnessed a marked 19% growth from April 2022 to April 2023, sufficiently meeting vital requirements for digital proficiency. Moreover, in December 2023, as stated by the European Commission (EC), the executive body of the EU, stationed in Belgium, cloud-based solution adoption experienced a rise of 4.2 percentage points in 2023, with 45.2% of businesses acquiring cloud computing services. This represents a significant upward shift compared to 2021. Hence, the escalating demand for digital transformation is propelling the ML intelligent process automation market's growth.

Which Companies Hold the Largest Share Across Different Machine Learning (ML) Intelligent Process Automation Market Segments?
Major companies operating in the machine learning (ML) intelligent process automation market are Alibaba Group Holding Limited, accenture* plc, International Business Machines Corporation (IBM), SAP SE, Tata Consultancy Services Limited (TCS), Capgemini SE, Atos SE, Wipro Limited, Xerox Holdings Corporation, NICE Ltd., Blue Prism Group plc, Pegasystems Inc., BlueHalo LLC, UiPath Inc., Automation Anywhere Inc., Appian Corporation, Kofax Inc., Bright Machines Inc., Cove.Tool Inc., Larc AI (Pty) Ltd., Cinnamon Inc., AutomationEdge Technologies Inc., AntWorks Global Limited

What Are the Major Trends Shaping the Machine Learning (ML) Intelligent Process Automation Market?
Major firms in the machine learning intelligent process automation industry are consolidating their efforts to create sophisticated solutions such as AI platforms. These are software solutions designed to develop and manage AI applications, improving decision-making and efficiency. For example, the Advanced Artificial Intelligence Lab was launched by US-based global tech company, Cognizant, in March 2024. The lab represents multiple research facilities focused on advancing AI via innovative R&D. The objective is to speed up AI research and innovation, with a focus on propelling the science and practice of AI through the development of unique intellectual property and AI-enablement technologies.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/machine-learning-ml-intelligent-process-automation-global-market-report

What Are the Emerging Geographies for The Machine Learning (ML) Intelligent Process Automation Market Growth?
North America was the largest region in the machine learning (ML) intelligent process automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machine learning (ML) intelligent process automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Machine Learning (ML) Intelligent Process Automation Market?
2. What is the CAGR expected in the Machine Learning (ML) Intelligent Process Automation Market?
3. What Are the Key Innovations Transforming the Machine Learning (ML) Intelligent Process Automation Industry?
4. Which Region Is Leading the Machine Learning (ML) Intelligent Process Automation Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.