German Based multinational software corporation has acquired Contextor SAS to expand its machine learning portfolio for an undisclosed amount.

Europe: SAP has announced to acquire Contextor SAS, which is a European Company specializing in integration and design of the robotic process automation. With the assistance of the RPA technology of the Contextor, SAP will automate half of all the business processes over the next three years.

Contextor was established in 2000, specializing in the research and development of the Robotic Process Automation (RPA) software and offering products which are compatible with Microsoft Remote Desktop Setups, XenDesktop workstations, and XenApp application servers.

SAP earlier acquired Qualtrics for $8 Billion and the latest acquisition will allow customers to take advantage of technologies such as machine learning, artificial intelligence and block chain in a single system. The company targets to relieve business software users from performing repetitive tasks and has deployed more than 100,000 bots in order to automate the process.

Head at SAP stated that with the intelligent RPA accelerated by Contextor, businesses will be able to achieve the high automation level necessary to become intelligent enterprises. The acquisition is a big step towards orchestrating process automation and will help SAP inject RPA capabilities into our applications, first and foremost into SAP S/4HANA.

According to TechSci Research, the acquisition of Contextor by SAP will leverage emerging technologies, such as artificial intelligence and machine learning, for SAP’s business process automation.  The procurement will enable the clients in automating their business via robotics. Notably, rising demand for autonomous machines and adoption of robotics for enhancing business processes propel the growth of the Global Artificial Intelligence Market and Industrial Robotics Market.

According to the recently published report by TechSci Research, “Global Artificial Intelligence Market, By Application (Image Recognition, Natural Language Processing, Speech Recognition, etc.), By End User (Consumer Electronics, BFSI, etc.), By Region, Competition Forecast & Opportunities, 2012 – 2022”, According to “Global Artificial Intelligence Market By Application, By End User, By Region, Competition Forecast & Opportunities, 2012 – 2022”, the global market of artificial intelligence is anticipated to grow at a CAGR of over 60% during 2017 – 2022. On the basis of application, global artificial intelligence market has been broadly segmented into image recognition, natural language processing, speech recognition, gesture control & others. Among these categories, image recognition dominated global artificial intelligence market in 2016, and the segment is expected to maintain its dominance over the next five years as well.

According to the recently published report by TechSci Research, “Global Service Robotics Market, By Operating Environment (Land, Aerial & Marine), By Application (Professional Vs Personal), By End User (Healthcare, Defense, Field, Logistics & Others), By Region, Competition Forecast & Opportunities, 2012 – 2022”, Global service robotics market stood at $ 7.9 billion in 2016, and is projected to grow at a CAGR of more than 20% to reach $ 23.9 billion by 2022, owing to surging investments and increasing demand for service robotics from defense, logistics and healthcare sectors. Rising acceptance of humanoids, increasing adoption of personal robotics, and growing demand for telepresence & mobile service robotics are among the key factors expected to fuel the global service robotics market during forecast period. Moreover, growing popularity of socially intelligent service robotics and highly advanced technology enabled service robotics is anticipated to result in generation of huge opportunities for global service robotics companies in the coming years.

According to the recently published report by TechSci Research, “Industrial Robotics Market, Forecast and Opportunities, 2020”, According to “Global Industrial Robotics Market Forecast & Opportunities, 2020”, global market for industrial robotics is forecast to generate revenues of over USD46 billion by 2020. Asia is the largest market for industrial robotics with a majority market share in both value and volume terms. With the aim of increasing their returns, manufacturers are gradually shifting their production bases to Asian countries. Demand for industrial robots from emerging countries such as India, Thailand and Taiwan is been escalating. Further, on account of booming manufacturing sector, China surpassed Japan in industrial robot shipment in 2013, to emerge as the largest market for industrial robotics across the globe. Asia is expected to maintain its dominance in the market through 2020. Development of collaborative robots, growing penetration in SMEs and launch of application specific robots are the key trends emerging in industrial robotics market, globally.