Intelligent Process Automation Market 2024 – Share, Ongoing Trends, Size, Growth Rate And Key Players

The Intelligent Process Automation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Intelligent Process Automation Global Market Report 2024, The intelligent process automation market size has grown rapidly in recent years. It will grow from $14.36 billion in 2023 to $16.38 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%.  The  growth in the historic period can be attributed to digital transformation initiatives, cost efficiency and productivity, data analytics integration, regulatory compliance and risk management, customer experience enhancement..

The intelligent process automation market size is expected to see rapid growth in the next few years. It will grow to $29 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%.  The growth in the forecast period can be attributed to ai-powered automation adaptation, cloud-based ipa solutions, industry-specific solutions, enhanced customer experience, remote workforce support.. Major trends in the forecast period include adaptive and self-learning automation, human-ai collaboration, cloud-based deployment, industry-specific solutions, process mining and analytics..

Rising automation in various industries is expected to propel the growth of the intelligent process automation market going forward. Automation refers to technology applications where human input is minimized. Intelligent process automation is used in various industries to automate repeatable business functions and improve workforce productivity and performance. For instance, in August 2020, according to Windward Studios LLC, a US-based company that provides document automation and reporting software, global spending on marketing automation is increasing by 14% yearly. It is expected to reach $25 billion by 2023. By 2022, robots are expected to automate 42% of the time spent on manufacturing processes. Therefore, rising automation in various industries is driving the growth of the intelligent process automation market.

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The intelligent process automation market covered in this report is segmented –

1) By Offering: Platform, Solution, Services,

2) By Technology: Natural Language Processing, Machine and Deep Learning, Neural Networks, Virtual Agents, Mini Bots and RPA, Computer Vision, Other Technologies,

3) By Deployment Mode: On Premises, Cloud,

4) By Organization Size: Large Enterprises, SMEs,

5) By Vertical: BFSI, Telecommunications and IT, Manufacturing and Logistics, Media and Entertainment, Retail and eCommerce, Healthcare and Life Sciences, Other Verticals,

Top Major Players
Sperry Marine Northrop Grumman
Praxis Automation Technology B.V.
Admarel B
Hensoldt U
Prime Mover Controls Inc.

The adoption of hyper-automation is a key trend gaining popularity in the intelligent process automation market. Major market players are creating innovative technologies to sustain their position in the intelligent process automation market. For instance, in March 2021, Cloud4C, a Sinapore-based cloud-managed services provider company, introduced a turnkey hyper automation solution to achieve end-to-end process transformations. The Cloud4C hyper automation solution combines Robotic Process Automation and advanced technologies such as artificial intelligence (AI), machine learning (ML), process analytics, process mining, ingestion engines, among others to discover the right business processes for automation, extract data from unstructured sources, automate complex tasks, strategically scale automation across an enterprise and other similar tasks. This solution can help organizations automate some of their core tasks and transform their businesses.

The intelligent process automation market report table of contents includes:
1. Executive Summary
2. Intelligent Process Automation Market Characteristics
3. Intelligent Process Automation Market Trends And Strategies
4. Intelligent Process Automation Market – Macro Economic Scenario
5. Global Intelligent Process Automation Market Size and Growth
……………………..
31. Global Intelligent Process Automation Market Competitive Benchmarking
32. Global Intelligent Process Automation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Intelligent Process Automation Market
34. Intelligent Process Automation Market Future Outlook and Potential Analysis
35. Appendix

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