Intelligent Automation Market Scope
Intelligent process automation (IPA) is the application of artificial intelligence (AI) and related new technologies, such as cognitive automation, computer vision, and machine learning, to robotic procedure mechanization in order to make the distinction between people, robots, and systems more obvious. As a result of this convergence of technologies, end-users benefit from automation capabilities that significantly increase corporate value and competitive advantages. Digital process automation (DPA), robotic process automation (RPA), and artificial intelligence are the three main technologies that make up intelligent process automation (AI). Intelligent process automation has several advantages, including proper governance and risk reduction, coordination of work between robots, people, and systems, end-to-end visibility of processes and the customer journey, and agility and speed of process change, all of which contribute to its market adoption. Intelligent automation allows users to minimize labour expenses in their business operations while also assisting businesses in identifying and correcting skills gaps. Users can also employ intelligent automation to process large amounts of complex data and improve the speed and accuracy of human capabilities. Over the projected future, these factors are projected to propel the intelligent automation market forward.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Accenture (IIreland), IBM (United States), Cognizant (United States), Genpact (United States), Atos (France), Infosys (India), Tata Consultancy Services (India), Capgemini (France), Xerox Corporation (United States), Pegasystems (United States), Wipro (India) and EXL Service (United States) |
CAGR | 12.65% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Intelligent Automation market throughout the predicted period.
Accenture (IIreland), IBM (United States), Cognizant (United States), Genpact (United States), Atos (France), Infosys (India), Tata Consultancy Services (India), Capgemini (France), Xerox Corporation (United States), Pegasystems (United States), Wipro (India) and EXL Service (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Happiest Minds (India) and Symphony Ventures (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Intelligent Automation market by Type , by Application (IT Operations, Business Process Automation, Application Management, Content Management, Security and Others) and Region with country level break-up.
On the basis of geography, the market of Intelligent Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On November 16, 2021, Ericsson launched its Intelligent Automation Platform. This platform is designed to enable any mobile network to be intelligently automated.
August 2020 – Infosys a global leader in next-generation digital services and consulting, has announced the launch of AI-driven ‘Cognitive Email Workbench’ solution that gives enterprises the ability to augment query management and scale their helpdesk operations, significantly enhancing productivity and customer satisfaction. and September 2020 – Accenture announced a robust new generation of its intelligent automation platform Accenture myWizard, to help organizations unleash the power of automation to improve business agility, customer experience and innovation.
Influencing Trend:
Intelligent Process Automation with Natural Language Processors (NLPs)
Market Growth Drivers:
Automated IT Systems Help Serve Customers’ Dynamic Requirements, Optimized Resource Utilization and Minimal Human Intervention Through Intelligent Automation and Faster Decision-Making Across the Organisation
Challenges:
Reluctance to Adopt Automatic and Intelligent Processes
Restraints:
High Initial Cost of Implementing
Opportunities:
Increasing Investments in Digital Transformation and Increasing Usage of Intelligent Process Automation in Telecommunication
Key Target Audience
Software Companies, Technology Providers, Investors, IT Companies, Solution Providers and End Users