Global Intelligent Process Automation (IPA) Market is accounted for $8.35 billion in 2020 and is expected to reach $23.16 billion by 2028 growing at a CAGR of 13.6% during the forecast period. Rising investments in digital transformation, growing automation of enterprises across industry verticals, and increasing developments in connected devices are the major factors propelling the market growth. However, high initial cost of implementing IPA and lack of technical expertise are hampering the market growth.
Intelligent process automation (IPA) is an application technology. Its software is meant with extra features like AI and related new technologies that include cognitive automation, machine learning, and computer vision which are used for top volume handling and repeatable tasks. It is very helpful in improving business processes by reducing the human hand to help workers by eliminating repetitive, replicable, and routine tasks, and thus it improves the customer experience by simplified interactions and faster processes. Furthermore, this IPA helps in doing add an easy and better way within time and improves the efficiency and reaction time of the processes. Hence, it increases the worker’s performance, customer experience and reduces the operational risks. To design a replacement generation of hardware and software to automate industrial processes, a couple of factors like improvement in sensors, advances in machine learning techniques, and increasing computing power are helpful.
Based on technology, the machine and deep learning segment is estimated to have a lucrative growth due to the significant contribution of machine learning to extend efficiency and improve intelligent automation technologies. Moreover, this technology allows systems to review automatically, and therefore the main intention is to develop computer programs which will access the info and utilize it to find out from it.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the presence of rapidly growing economies, like China and India. Rapid economic development, globalization, digitalization, and therefore the increased adoption of cloud-based technologies are expected to drive the expansion of the intelligent automation market within the Asia Pacific region. Companies operating during this region enjoy flexible economic conditions, industrialization, and globalization-motivated policies of governments also because the expanding digitalization within the region.
Some of the key players profiled in the Intelligent Process Automation (IPA) Market include Accenture, Atos, Avasant, Blue Prism, Capgemini, CGI Group, Cognizant, Dell EMC Corp, Genpact, HCL Technologies, IBM, Infosys, Pegasystems, SAP SE, Syntel, Tata Consultancy Services, Tech Mahindra, Thoughtonomy, UiPath, Wipro, WorkFusion, and Xerox Corporation
Data Types Covered:
• Structured
• Unstructured
Business Functions Covered:
• Compliance
• Finance
• Legal
• Operations
Components Covered:
• Services
• Solutions
Organization Sizes Covered:
• Small and Medium-sized Enterprises (SME)
• Large Enterprises
Technologies Covered:
• Cognitive Technology
• Computer Vision
• Machine and Deep Learning
• Mini Bots
• Natural Language Processing
• Neural Networks
• Virtual Agents
Deployments Covered:
• Cloud
• On-Premise
Applications Covered:
• Business Process Automation
• Application Management
• Enterprise Content Management
• Security
• Human Resource Management
• Incident Resolution
• Service Orchestration
• Business Process Management
• Customer Experience Management
• Business Intelligence and Analytics
• Enterprise Mobility
• Robotic Process Automation
• Information Technology (IT) Operations
End Users Covered:
• Banking, Financial Services, and Insurance (BFSI)
• Consumer Goods
• Defense
• Education
• Energy and Utilities
• Food & Beverage
• Government and Public Sector
• Healthcare and Life Sciences
• Manufacturing
• Media and Entertainment
• Retail and E-commerce
• Telecommunications and IT
• Transport and Logistics
• Travel and Hospitality
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Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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