Intelligent Process Automation Market Highlights:
The enhanced development of the AI, machine learning and other related concepts has led to a rise in intelligent process automation. Reports that explore the information and communication technology industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The CAGR of 11.91 % is expected to motivate the market to achieve revenues worth USD 1,4392.4 million by 2024.
The progress achieved in cognitive automation and computer vision is expected to stimulate the intelligent process automation market. As there is a constant demand for improvement in business processes, the market is anticipated to be strengthened in the coming years. Also, the increasing computing power is projected to motivate the Intelligent Process Automation Market in the approaching period.
Major Key Players:
The strategic companies in the intelligent process automation market are UiPath, Inc. (US), SAP SE (Germany), Dell EMC Corp. (US), Blue Prism Group (UK), IBM Corporation (US), Salesforce.com, Inc. (US), WorkFusion (US), Accelirate, Inc. (US), KOFAX INC. (US), Pegasystems Inc. (US), Open Text Corp. (Canada), among others.
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The segmental study of the intelligent process automation market is carried out on the basis of data type, component, deployment, technology, organization size, region and vertical.
- On the basis of data type, the intelligent process automation market is segmented into unstructured and structured.
- Based on the component, the intelligent process automation market is divided into solutions and services.
- On the basis of deployment, the intelligent process automation market is segmented into cloud and on-premise.
- Based on the technology, the intelligent process automation market is segmented into natural-language processing, machine learning, and cognitive technology.
- Based on organization size, the intelligent process automation market is bifurcated into SMEs and large enterprises.
- Based on the vertical, the intelligent process automation market is segmented into telecom & IT, healthcare, public sector, manufacturing, energy, and utilities, BFSI, food & beverage, retail, media and entertainment, transportation and logistics.
- On the basis of region, the intelligent process automation market is segmented into North America, Asia-Pacific, Europe, and Rest of the World.
Detailed Regional Analysis:
The regional study of the intelligent process automation market includes regions such as Asia-Pacific, North America, Europe, and the rest of the world. The North American region is anticipated to govern the intelligent process automation market throughout the forecast period owing to the conventional infrastructure for the research and development of progressive technologies in the region that has contributed to fast-paced expansions.
As a result, maximum key players in the market are endlessly presenting pioneering products in the market to supply to the increasing demand.
The decrease in the barriers to trade is anticipated to extend innovative areas for development in the forthcoming years. The market has obtained an incremental stride in the past few years, which is emphasized by the accomplishments in terms of valuation. The motive of properly bolstering the global economy is being driven through the development of this market as well.
The global administrations have also contributed substantially towards the development of the market in current years. Also, the competition being noticed in the market is not unfavorable to the distinct player’s progress in the market. The market is well equipped to navigate the shifting tides, abrupt upheavals, and unexplored waters in the global economy.
The fiscal inflows in the market are being focused towards growing the inventions in the central product offering presented in the market so that the development doesn’t go off in the approaching period. The rise of sponsors in the market has put on an essential role in the advancement of the market. The expansion of the resources required to withstand against competition has enhanced significantly leading to a record progress rate.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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List of Tables
Table1 Global Intelligent Process Automation Market: By Country, 2018-2023
Table2 North America Intelligent Process Automation Market: By Country, 2018-2023
Table3 Europe Intelligent Process Automation Market: By Country, 2018-2023
List of Figures
Figure 1 Global Intelligent Process Automation Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Intelligent Process Automation Market
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