The global demand for Hyperautomation Market is presumed to reach the market size of nearly USD 138.28 BN by 2030 from USD 38.06 BN in 2022 with a CAGR of 17.5% under the study period 2023 - 2030.
Hyper-automation refers to the sophistication of automation and the range of instruments that can be automated, such as analyzing, designing, discovering, measuring, monitoring, automating, and reassessing. Furthermore, it provides a high-speed path to include everyone in company transformation, aided by the automation of increasingly complicated labor that relies on human knowledge inputs. The term ""hyper-automation"" refers to the extension of legacy business process automation beyond specific procedures. By merging AI and RPA, hyper-automation can automate practically every repetitive task performed by business users. Organizations utilize hyper-automation to quickly discover, assess, and automate as many business and IT activities as possible.
Market Dynamics
The hyper-automation market is concerned with cutting-edge technologies such as artificial intelligence (AI) and machine learning (ML) to automate processes and augment human activities. The usage of technologies like robotic process automation (RPA), artificial intelligence (AI), machine learning, biometrics, and chatbots, among others, across various industry verticals such as BFSI, retail, manufacturing, automotive, and healthcare, is propelling the hyper-automation market forward. The BFSI industry has excellent potential for hyper-automation implementation. Growing automation trends in manufacturing and health care are gaining popularity worldwide, driving the hyper-automation sector forward.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hyperautomation. The growth and trends of hyperautomation industry provide a holistic approach to this study.
Market Segmentation
This section of the hyperautomation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Hardware
- Software
- Services
By Technology
- Robotic Process Automation (RPA)
- Machine Learning (ML)
- Biometrics
- Chatbots
- Context Aware Computing
- Natural Language Generation (NLG)
- Computer Vision
By Deployment
By Function
- Marketing & Sales
- Finance & Accounting
- Human Resources (HR)
- Operations & Supply Chain
- Information Technology (IT)
By Enterprise
- Large-size Enterprises
- Small & Medium-size Enterprises (SMEs)
By End Use
- Manufacturing
- Automotive
- BFSI
- Healthcare
- IT & Telecommunication
- Retail
- Transportation & Logistics
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Hyperautomation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Hyperautomation Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Hyperautomation market include UiPath, Wipro Ltd., Tata Consultancy Services Ltd., Mitsubishi Electric Corp., OneGlobe LLC, SolveXia, Appian, Automation Anywhere Inc., Allerin Tech Pvt. Ltd., PagerDuty Inc., Honeywell International Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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