Intelligent Process Automation Market
Intelligent Process Automation Market By Technologies (Robotic Process Automation, Smart Workflow, Machine Learning, Natural-Language Generation, Cognitive Technology), By Components (Software, Services) & By Region - Global Market Insights 2018 To 2027
Analysis of Intelligent Process Automation Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Intelligent Process Automation Market is expected to Grow Exponentially with an Upper Double Digit Growth Rate
Businesses today requires advanced technologies that can enhance the efficiency of their operations. The advancement in technology is making it complex for companies to regularly change their IT systems due to budget restraints. Thus, companies have now started adopting advanced technologies such as intelligent process automation.
The intelligent process automation is the integration of advanced technologies such as artificial intelligence, cognitive automation and machine learning into robotic process automation.
The intelligent process automation is helping to redesign the fundamental process with the combination of robotic process automation and machine learning. Organizations today are focusing on elevating their business values and providing their end users with next-generation tools such as intelligent process automation to help them increase the efficiency of their business back-end operations.
Vendors in the intelligent process automation market are focusing on integrating cognitive technologies in robotic process automation in order to create intelligent operations that can deliver productivity and efficiency gains.
Increasing adoption of intelligent process automation by BFSI and utility sector is a key trend in the intelligent process automation market. Increasing research and development on providing next-generation technologies in intelligent process automation are other trends in the intelligent process automation market.
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Intelligent Process Automation Market: Drivers and Restraints
The intelligent process automation eliminates the manual processes through which the chances of errors caused by paper-based systems reduces, thereby helping the labor to correctly and safely execute their tasks. The intelligent process automation also helps companies increase their operation productivity and provide a high return on investment.
Such factors are driving the adoption of intelligent process automation in the market. The intelligent process automation enables companies to automate repetitive, mundane tasks and end-to-end business operations. This helps the companies shift their manual labor from lower value tasks to high-value tasks. These benefits are further driving the adoption of intelligent process automation.
The intelligent process automation requires a high cost to install and implement it. Thus, it becomes difficult for small and medium-size organizations to deploy such technologies that require high investment at the time of implementation.
The intelligent process automation also requires a lot of maintenance and companies, which has to avail other services such as training and academy. Thus, high cost hinders the adoption of intelligent process automation, thereby restraining the growth of intelligent process automation market.
Intelligent Process Automation Market: Competitive Landscap
Examples of some of the key players operating in the Intelligent Process Automation market are Cognizant Technology Solutions Corp., UiPath Inc., Nintex Global Ltd., Accesa, WORKFUSION, INC.. , Software AG, Red Hat, Inc., IBM Corporation, K2 Inc. and Bonitasoft, Inc.
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Regional Overview
The intelligent process automation market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA and others of APAC, Japan and Middle East & Africa. North America is expected to be a large market for intelligent process automation as a majority of the intelligent process automation vendors such as Cognizant Technology Solutions Corp., UiPath Inc., and Nintex Global Ltd. are based in the region. The significant traction towards adoption of automation technologies are driving adoption of intelligent process automation in European countries, such as Germany and UK.
The growing popularity of intelligent process automation in developing regions, such as APEJ, Latin America and parts of Africa, are characterized by the increased spending automation technology in the regions. Rising disposable income among people in the countries mentioned above is likely to increase the scope of penetration of intelligent process automation in these regions in the near future.
The research report presents a comprehensive assessment of the Intelligent Process Automation market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The Intelligent Process Automation market report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Intelligent Process Automation Market: Segmentation
The intelligent process automation market can be categorized on the basis of technologies, component and industry. On the basis of technology in the intelligent process automation market, the demand for robotic process automation will grow since it provides operational and productivity gains.
On the basis of components, the demand for services will grow in the forecast period. The demand for intelligent process automation in BFSI and utility sector will grow in order to automate complex everyday transactions.
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On the basis of technologies:
- Robotic Process Automation
- Smart workflow
- Machine Learning
- Natural-language generation
- Cognitive Technology
- Others
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On the basis of components:
- Intelligent Process Automation Software
- Intelligent Process Automation Services
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On the basis of industry:
- IT & Telecom
- Healthcare and Life Science
- BFSI
- Travel, transportation and Logistics
- Utilities and Energy
- Others
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Technologies
- 6.2. Components
- 6.3. Industry
- 7. Global Market Analysis and Forecast, By Technologies
- 7.1. Robotic Process Automation
- 7.2. Smart workflow
- 7.3. Machine Learning
- 7.4. Natural-language generation
- 7.5. Cognitive Technology
- 7.6. Others
- 8. Global Market Analysis and Forecast, By Components
- 8.1. Software
- 8.2. Services
- 9. Global Market Analysis and Forecast, By Industry
- 9.1. IT & Telecom
- 9.2. Healthcare and Life Science
- 9.3. BFSI
- 9.4. Travel, Transportation and Logistics
- 9.5. Utilities and Energy
- 9.6. Others
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. Asia Pacific
- 10.6. East Asia
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Technologies, Components, and Industry for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Cognizant Technology Solutions Corp.
- 20.2. UiPath Inc.
- 20.3. Nintex Global Ltd.
- 20.4. Accesa
- 20.5. WORKFUSION, INC.
- 20.6. Software AG
- 20.7. Red Hat, Inc.
- 20.8. IBM Corporation
- 20.9. K2 Inc.
- 20.10. Bonitasoft, Inc.
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Technologies
Table 03: Global Market US$ Mn Forecast by Components
Table 04: Global Market US$ Mn Forecast by Industry
Table 05: North America Market US$ Mn Forecast by Country
Table 06: North America Market US$ Mn Forecast by Technologies
Table 07: North America Market US$ Mn Forecast by Components
Table 08: North America Market US$ Mn Forecast by Industry
Table 09: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Technologies
Table 11: Latin America Market US$ Mn Forecast by Components
Table 12: Latin America Market US$ Mn Forecast by Industry
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Technologies
Table 15: Western Europe Market US$ Mn Forecast by Components
Table 16: Western Europe Market US$ Mn Forecast by Industry
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Technologies
Table 19: Eastern Europe Market US$ Mn Forecast by Components
Table 20: Eastern Europe Market US$ Mn Forecast by Industry
Table 21: Asia Pacific Market US$ Mn Forecast by Country
Table 22: Asia Pacific Market US$ Mn Forecast by Technologies
Table 23: Asia Pacific Market US$ Mn Forecast by Components
Table 24: Asia Pacific Market US$ Mn Forecast by Industry
Table 25: East Asia Market US$ Mn Forecast by Country
Table 26: East Asia Market US$ Mn Forecast by Technologies
Table 27: East Asia Market US$ Mn Forecast by Components
Table 28: East Asia Market US$ Mn Forecast by Industry
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Technologies
Table 31: MEA Market US$ Mn Forecast by Components
Table 32: MEA Market US$ Mn Forecast by Industry
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technologies
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technologies
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technologies
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technologies
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technologies
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technologies
Figure 22: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 23: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 24: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technologies
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technologies
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Industry
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How is the Intelligent Process Automation Market likely to Grow During the Forecast Period?
Intelligent process automation market is expected to grow at a CAGR of 12.37% during the forecast period.
Why Intelligent Process Automation Market has High Growth Potential?
Rising need for IT automation is fuelling the intelligent process automation market.
Where will Manufacturers find Most Opportunities in the Intelligent Process Automation Industry?
Asia Pacific is expected to be the most lucrative region for the growth of intelligent process automation industry.
Intelligent Process Automation Market