About Intelligent Process Automation
Intelligent process automation refers to application of new technologies such as computer vision, machine learning, artificial intelligence, cognitive automation, cloud technology for business process automation. Intelligent process automation market has high growth prospects owing to increasing focus on the business process automation and growth i information technology sector. Further, increasing demand from the developing economies as enterprises are focusing on digital transportation expected to drive the demand for intelligent process automation solutions over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Intelligent Process Automation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accenture (Ireland), IBM (United States), Cognizant (United States), Genpact (United States), KPMG (Switzerland), Atos (France), Infosys (India), Tata Consultancy Services (India), Capgemini (France), Xerox Corporation (United States), Pegasystems (United States), Wipro (India), EXL Service (United States), Thoughtonomy (United Kingdom), CGI Group (Canada), UiPath (Romania) and HCL Technologies (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Happiest Minds (India), Symphony Ventures (India), Sutherland Global Services (United States), Tech Mahindra (India), Blue Prism (United Kingdom), Syntel (United States), Avasant (United States), Avanade (United States) and Virtual Operations (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Process Automation market by , Application (IT Operations, Business Process Automation, Application Management, Content Management, Security and Others) and Region.
On the basis of geography, the market of Intelligent Process 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). If we see Market by Technology, the sub-segment i.e. NLP will boost the Intelligent Process Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solutions will boost the Intelligent Process Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement Such As Integration of Cloud, Machine Learning, and Artificial Intelligence Technology and Emphasizing On the Development of Centralized Intelligent Process Automation Tool
Market Growth Drivers:
Growing Focus Business Process Automation and Growth in Information Technology (IT) Industry
Challenges:
Operational Issues Related With Implementation of Intelligent Process Automation System
Restraints:
High Initial Investment Require For Intelligent Process Automation and Lack of Technical Expertise to Adopt New Technology
Opportunities:
Rising Adoption of Automated Business Process, Increasing Demand from the Developing Economies and Growing Investment for Digital Transformation across Numerous Industry Verticals
Market Leaders and their expansionary development strategies
In September 2023, Sydney-headquartered technology services provider Tecala has acquired intelligent automation group rapidMATION.The acquisition will see Tecala create a new business unit called 'ADA', which stands Automation, Data, and Artificial Intelligence.
30th May 2019, Kofax provider of process automation software launched intelligent Automation Software Platform integrated with artificial intelligence technology for hyper-connected enterprises.
Key Target Audience
Associations, Organizations, Forums, and Alliances, Cloud Service Providers, Customer Experience Solution Providers, Government Bodies and Departments, Technical Universities, System Integrators, Technology Standards Organizations, Technology Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.