New York, United States, Oct. 13, 2022 (GLOBE NEWSWIRE) -- The intelligent process automation market is projected to progress with a promising pace. The growing importance of integrating artificial intelligence technology streamlining the workflow and adoption of automation techniques is expected to fuel up growth prospects for the intelligent process automation market.
The COVID-19 pandemic has caused shutdown for the manufacturing sites and implemented restrictions such as physical distancing and disruptions in the supply, therefore, hindering the growth of the global intelligent process automation market.
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Report Scope
| Report Metric | Details |
| Market Size | USD 37.63 Billion by 2030 |
| CAGR | 16.50% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Technology, Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Wipro (India), Capgemini (France), Infosys (India), Cognizant (the U.S.), Syntel (the U.S.), Tech Mahindra (India), Xerox Corporation (the U.S.), Accenture (Ireland), Atos (France), HCL Technologies (India), Tata Consultancy Services (India), Genpact (the U.S.) |
| Key Market Opportunities | The Technology Industry's Substantial Growth Fuels The Intelligent Process Automation Market |
| Key Market Drivers | Increasing the level of automation increasing speeding in the development of the Artificial Intelligence technique |
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Regional Analysis
Europe's market is expected to retain prominence and reach new growth avenues with the increasing need for process automation in manufacturing hubs of countries like Germany and Italy. The problems of high labor wages and unavailability of the adequate skilled labor force expected to act as a catalyst for the process automation.
The Asia-Pacific market is estimated to reach new growth avenues over the slated course of time on the back of establishing manufacturing facilities by some global players and induced Foreign Direct Investments in emerging markets like India.
Key Highlights
- The global intelligent process automation market size is expected to reach USD 37.63 billion by 2030 at a CAGR of 16.50% during the forecast period(2022-2030).
- Due to the strong emphasis for automation in the process and trend of using artificial intelligence to elevate the working efficiency and quality of the process, intelligent process automation is anticipated to have hefty growth in the market.
- The emergence of new market players and continuous development and innovation made by global players is increasing the traction of customers towards intelligent process automation.
- Services Segment is expected to be the leading segment in Intelligent Process Automation Market during the forecast period.
- Europe is expected to hold the highest market share in Intelligent Process Automation Market.
Key players in the global intelligent process automation market
- Wipro (India)
- Capgemini (France)
- Infosys (India)
- Cognizant (the U.S.)
- Syntel (the U.S.)
- Tech Mahindra (India)
- Xerox Corporation (the U.S.)
- Accenture (Ireland)
- Atos (France)
- HCL Technologies (India)
- Tata Consultancy Services (India)
- Genpact (the U.S.)
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Intelligent Process Automation Market: Segmentation
By Application
- Business Process Automation
- Content Management
- IT Operations
- Application Management
- Security
- Service Orchestration and Incident Resolution
By Technology
- Computer Vision
- Neural Networks
- Natural Language Processing
- Mini bots and RPA
- Machine and Deep Learning
- Virtual Agents
By Module
- Solutions
- Software Tools
- Platforms
- Services
- Design and Implementation
- Support and Maintenance
- Advisory/Consulting
- Professional Services
- Training
By End-Use Vertical
- Banking and Finance
- IT and Telecommunication
- Transportation and Logistics
- Healthcare
- Retail business and E-commerce
- Manufacturing operations
- Others
By Region
- North America
- Europe
- The Middle East and Africa (MEA)
- Asia-Pacific
- South America
Table of Contents
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions and Exclusions
2.4 Secondary Data Sources
3 Market Overview
3.1 Report Segmentation and Scope
3.2 Value Chain Analysis: Intelligent Process Automation Market
3.3 Key Market Trends
3.3.1 Drivers
3.3.2 Restraints
3.3.3 Opportunities
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of Substitution
3.4.4 Threat of New Entrants
3.4.5 Competitive Rivalry
3.5 Impact of COVID-19 on the Market
3.6 Market Share Analysis
4 Component Overview
4.1 Introduction
4.1.1 Market Size and Forecast, 2020-2030, (USD Million)
4.2 Software
4.2.1 Market Size and Forecast, 2020-2030, (USD Million)
4.3 Services
4.3.1 Market Size and Forecast, 2020-2030, (USD Million)
5 Technology Overview
5.1 Introduction
5.1.1 Market Size and Forecast, 2020-2030, (USD Million)
5.2 Natural Language Processing
5.2.1 Market Size and Forecast, 2020-2030, (USD Million)
5.3 Machine and Deep Learning
5.3.1 Market Size and Forecast, 2020-2030, (USD Million)
5.4 Neural Networks
5.4.1 Market Size and Forecast, 2020-2030, (USD Million)
5.5 Virtual Agents
5.5.1 Market Size and Forecast, 2020-2030, (USD Million)
5.6 Mini Bots
5.6.1 Market Size and Forecast, 2020-2030, (USD Million)
5.7 Others
5.7.1 Market Size and Forecast, 2020-2030, (USD Million)
6 Regional Analysis
6.1 Introduction
6.1.1 Market Size and Forecast, 2020-2030, (USD Million)
6.2 North America
6.2.1 Market Size and Forecast, 2020-2030, (USD Million)
6.2.2 The U.S.
6.2.2.1 By Component
6.2.2.2 By Technology
6.2.3 Canada
6.2.3.1 By Component
6.2.3.2 By Technology
6.2.4 Mexico
6.2.4.1 By Component
6.2.4.2 By Technology
6.3 Europe
6.3.1 Market Size and Forecast, 2020-2030, (USD Million)
6.3.2 Germany
6.3.2.1 By Component
6.3.2.2 By Technology
6.3.3 France
6.3.3.1 By Component
6.3.3.2 By Technology
6.3.4 The U.K.
6.3.4.1 By Component
6.3.4.2 By Technology
6.3.5 Italy
6.3.5.1 By Component
6.3.5.2 By Technology
6.3.6 Spain
6.3.6.1 By Component
6.3.6.2 By Technology
6.3.7 Benelux
6.3.7.1 By Component
6.3.7.2 By Technology
6.3.8 Russia
6.3.8.1 By Component
6.3.8.2 By Technology
6.3.9 Rest of Europe
6.3.9.1 By Component
6.3.9.2 By Technology
6.4 Asia Pacific
6.4.1 Market Size and Forecast, 2020-2030, (USD Million)
6.4.2 Japan
6.4.2.1 By Component
6.4.2.2 By Technology
6.4.3 China
6.4.3.1 By Component
6.4.3.2 By Technology
6.4.4 Australia
6.4.4.1 By Component
6.4.4.2 By Technology
6.4.5 India
6.4.5.1 By Component
6.4.5.2 By Technology
6.4.6 South Korea
6.4.6.1 By Component
6.4.6.2 By Technology
6.4.7 Southeast Asia
6.4.7.1 By Component
6.4.7.2 By Technology
6.4.8 Taiwan
6.4.8.1 By Component
6.4.8.2 By Technology
6.4.9 Rest of Asia-Pacific
6.4.9.1 By Component
6.4.9.2 By Technology
6.5 The Middle East and Africa (MEA)
6.5.1 Market Size and Forecast, 2020-2030, (USD Million)
6.5.2 Saudi Arabia
6.5.2.1 By Component
6.5.2.2 By Technology
6.5.3 South Africa
6.5.3.1 By Component
6.5.3.2 By Technology
6.5.4 The UAE
6.5.4.1 By Component
6.5.4.2 By Technology
6.5.5 Egypt
6.5.5.1 By Component
6.5.5.2 By Technology
6.5.6 Rest of MEA
6.5.6.1 By Component
6.5.6.2 By Technology
6.6 South America
6.6.1 Market Size and Forecast, 2020-2030, (USD Million)
6.6.2 Brazil
6.6.2.1 By Component
6.6.2.2 By Technology
6.6.3 Argentina
6.6.3.1 By Component
6.6.3.2 By Technology
6.6.4 Chile
6.6.4.1 By Component
6.6.4.2 By Technology
6.6.5 Peru
6.6.5.1 By Component
6.6.5.2 By Technology
6.6.6 Rest of South America
6.6.6.1 By Component
6.6.6.2 By Technology
7 Company Profile
7.1 Wipro
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Recent Developments
7.1.4 Product Portfolio
7.2 Capgemini
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Recent Developments
7.2.4 Product Portfolio
7.3 Infosys
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Recent Developments
7.3.4 Product Portfolio
7.4 Cognizant
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Recent Developments
7.4.4 Product Portfolio
7.5 Syntel
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Recent Developments
7.5.4 Product Portfolio
7.6 Tech Mahindra
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Recent Developments
7.6.4 Product Portfolio
7.7 Xerox Corporation
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Recent Developments
7.7.4 Product Portfolio
7.8 Accenture
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Recent Developments
7.8.4 Product Portfolio
7.9 Atos
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Recent Developments
7.9.4 Product Portfolio
7.10 HCL Technologies
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Recent Developments
7.10.4 Product Portfolio
7.11 Tata Consultancy Services
7.11.1 Company Overview
7.11.2 Financial Performance
7.11.3 Recent Developments
7.11.4 Product Portfolio
7.12 Genpact
7.12.1 Company Overview
7.12.2 Financial Performance
7.12.3 Recent Developments
7.12.4 Product Portfolio
Table of Content and Figure @ https://straitsresearch.com/report/intelligent-process-automation-market/toc
News Media
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