According to a research report "RPA and Hyperautomation Market by Component (Solution, Services), Business Function (IT, Operations & Supply Chain, and HR), Deployment Mode (Cloud, On-premises), Vertical (BFSI, IT & Telecom, and Manufacturing) and Region - Global Forecast to 2027" published by MarketsandMarkets, The global RPA and Hyperautomation market size is to grow from USD 9.2 billion in 2022 to USD 26.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period. The RPA and Hyperautomation market comprises three broad technologies: digital transformation with advanced techniques and surging demand for AI, ML, advanced analytics technologies for enhanced business operations, and rising demand for automated solutions for business continuity and planning is driving the growth of RPA and Hyperautomation market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32171963
The services segment to hold a higher CAGR
during the forecast period
Based on components, the
services segment holds a higher CAGR during the forecast period. RPA and
Hyperautomation combine multiple technologies to automate complex end-to-end
business processes that involve decision-making and continuous learning.
Businesses are leveraging this opportunity by automating small rule-based tasks
to complex business processes. To respond to this dynamic trend, organizations
need superior automation capabilities. Services form an integral part of the
software lifecycle, including deployment, integration, product upgrade,
maintenance, training, and consulting. Servers, apps, and managed services are
the three types of services into which this segment is divided.
The SMEs segment is estimated to have a
higher CAGR during the forecast period
Based on organization
size, the SMEs segment is estimated to have a higher CAGR during the forecast
period. The intense competitive market scenario has encouraged SMEs to invest
in RPA and Hyperautomation solutions and services, grow their productivity, and
reduce costs. These enterprises aggressively opt for RPA due to flexibility,
cost-effectiveness, lower technology risks, resource utilization scalability,
and improved organizational productivity. The increasing awareness about the
advantages of using automation within SMEs can help boost market growth. SMEs
have limitations regarding human resources and budget and need to retain their
operational expenses. The RPA enables SMEs to overcome the reduced human error
and shortage of employees for redundant tasks by supporting automation
functions, which is expected to boost the RPA and Hyperautomation market.
The cloud segment is expected to have a
higher CAGR during the forecast period
Based on deployment mode, the cloud
segment is expected to have a higher CAGR during the forecast period. SMEs are
majorly moving toward adopting the cloud deployment type due to its major
benefits, such as lower costs, no requirement of manpower for hardware
maintenance, faster and efficient results, and complete flexibility and
scalability, which result in reduced Operational Expenditure (OPEX) and CAPEX.
Seamless flexibility and scalability enable customers to store and retrieve
actionable insights anytime and anywhere easily. The cloud-based deployment
type enables users to easily access RPA and Hyperautomation solutions from a
remote location in real-time. Cloud-based RPA and Hyperautomation solutions
provide cost-saving benefits, which improve enterprises’ operational efficiency
and reduce operational costs.
Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=32171963
North
America is expected to hold the largest share during the forecast period
North America is expected to be a prominent contributor to
the global RPA and Hyperautomation during the forecast period. Enterprises in
this region are the early adopters of technologies, and most of the North
American industry verticals have already gone through digital transformation.
This rapid adoption of technologies has led to the generation of huge data by
North American companies and presented positive opportunities for deploying RPA
and Hyperautomation software to maintain and manage such data.
Key
Market Players
IBM (US), Microsoft (US), SAP (Germany), Alteryx (US),
Appian (US), Juniper Networks (US), NICE (Israel), Zendesk (US), Pegasystems
(US), Automation Anywhere (US), UiPath (US), ProcessMaker (US), SolveXia
(Australia), PagerDuty (US), Celonis (US), Blue Prism (UK), Laserfiche (US),
akaBot (Vietnam), HelpSystems (US), Decisions (US), Datamatics (US), Quale
Infotech (India), Laiye (China), Rocketbot (Chile), ElectroNeek (US),
Automate.io (US), AutomationEdge (US), Techforce.ai (US), Turbotic (Sweden),
Simple Fractal (US), and G1ANT (England).
About
MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70% to 80% of worldwide
companies’ revenues. Currently servicing 7500 customers worldwide including 80%
of global Fortune 1000 companies as clients. Almost 75,000 top officers across
eight industries worldwide approach MarketsandMarkets™ for their painpoints
around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking
global high growth markets following the "Growth Engagement Model –
GEM". The GEM aims at proactive collaboration with the clients to identify
new opportunities, identify most important customers, write "Attack, avoid
and defend" strategies, identify sources of incremental revenues for both
the company and its competitors. MarketsandMarkets™ now coming up with 1,500
MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive intelligence and market research
platform, "Knowledge Store" connects over 200,000 markets and entire
value chains for deeper understanding of the unmet insights along with market
sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
