Global Intelligent Process Automation Market Forecast to Reach US$31.94 Billion by 2030 with 12.8% CAGR, Driven by Automation & NLP Innovation

According to a new report by Maximize Market Research, the global Intelligent Process Automation (IPA) market was valued at US$13.74 billion in 2023 and is projected to reach US$31.94 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.8% over the forecast period (2024-2030). The report examines the global market by component, technology, application, vertical, and region, and notes that North America currently leads in market share while Asia Pacific is expected to emerge as the fastest-growing region. A new market report predicts the global intelligent process automation market will nearly double from 2023 to 2030, powered largely by growing demand for AI-powered solutions like natural language processing and robotic process automation.

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♦ Key Highlights:

Market Size & CAGR: US$13.74 Bn in 2023 to US$31.94 Bn by 2030, at a CAGR of 12.8%.

Leading Application / Segment: Solutions segment is larger than services; BFSI (Banking, Financial Services & Insurance) vertical is projected to lead among industries.

Fastest-Growing / Largest Regional Market: North America holds the largest share; Asia Pacific (notably China and India) is expected to register the fastest growth.

Key Drivers, Restraints, Trends: Drivers include surge in connected devices, need for digital transformation, efficiency gains, minimal human intervention; restraints include lack of technical expertise and operational challenges in implementation. Trends include increasing adoption of AI technologies such as NLP, machine & deep learning, computer vision, and robotic process automation.

Top Companies: Major players include Atos; Avanade; Avasant; Blue Prism; Capgemini; CGI; Cognizant; EXL; Genpact; Happiest Minds; HCL Technologies; IBM; Infosys; KPMG; Pegasystems; Sutherland Global Services; Symphony Ventures; Syntel; TCS; Tech Mahindra; Thoughtonomy; UiPath; Virtual Operations; Wipro; Xerox.

♦ Market Outlook

The report defines intelligent process automation as the convergence of artificial intelligence with technologies like machine learning, natural language processing (NLP), computer vision, and robotic process automation (RPA). The solutions component currently dominates over services, as organizations are deploying IPA solutions to automate workflows, reduce manual efforts, improve accuracy, and connect heterogeneous systems.

Technologies such as NLP, machine & deep learning, neural networks, virtual agents, mini-bots & RPA, and computer vision are all significant contributors to growth. Among applications, business process automation, IT operations, application/content management, security and others are examined.

♦ Regional Insights

North America: Holds the largest market share in 2023, due to high industrialization, strong automation adoption, mature analytics infrastructure.

Asia Pacific (APAC): Expected to grow fastest, with countries such as China and India leading adoption, especially in emerging industries embracing robotics and IPA technologies.

Other Regions: Europe, Middle East & Africa, South America also featured, though growth rates are more modest and tied to region-specific regulatory, infrastructure and skill-availability contexts.

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♦ Key Players & Competitive Landscape

The IPA market is competitive and features a mixture of global consulting firms, large IT & technology services companies, specialized automation/RPA vendors, and end-to-end digital transformation providers. Players such as IBM, Infosys, TCS, Wipro, UiPath, Blue Prism etc. are actively offering solutions, services, and engaging in strategies such as partnerships, solution portfolio expansions, client acquisitions, to strengthen their presence.

Challenges such as shortage of technical expertise, integration complexity, operational costs, change management, and aligning automation with compliance/regulatory requirements remain barriers for many organizations.

♦ Quote

"The Intelligent Process Automation market presents a substantial opportunity for enterprises willing to invest in AI-driven efficiency and automation," said Dr. Priya Sharma, Lead Analyst at Maximize Market Research. "With a projected CAGR of 12.8%, the era of intelligent automation is not just about replacing manual tasks-it's about rethinking business models, enhancing decision-making with NLP and machine learning, and scaling operations across regions like Asia Pacific where adoption is accelerating rapidly."

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.