Intelligent Process Automation Market to be dominated by North America through 2027
High demand for telecommunication industry and increased
investments in R&D activities are driving the growth of global intelligent
process automation market in the forecast period, 2023-2027.
According
to TechSci Research report, “Intelligent Process Automation Market - Global Industry Size,
Share, Trends, Opportunity and Forecast, 2017-2027”,
the global intelligent
process automation market is anticipated to witness a growth of robust CAGR in
the forecast period, 2023-2027. Intelligent process automation is a type of
automation technology to streamline the workflow, create smart business processes
and elevate employee performance. Improvement in the connected devices
technology and the growing need for enhanced IT systems to tackle different
issues efficiently are the major drivers for the global intelligent process
automation market.
However, the high initial cost of implementing
intelligent process automation technology may restrain the market growth in the
forecast period.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Global
Intelligent Process Automation Market"
https://www.techsciresearch.com/report/intelligent-process-automation-market/8272.html
The global intelligent process
automation market is segmented based on component, deployment, application,
organization size, technology, industry vertical, company, and regional
distribution.
Based on the deployment, the market is
divided into on-premises and cloud. Cloud deployment mode is expected to
witness the fastest incremental growth in the next five years as it offers
enhanced flexibility, adaptability, and scalability over its counterpart. Cloud
technology is affordable and eliminates the need to invest in physical
infrastructure, which is a major reason for its high global demand.
Based on the application, the market is
divided into IT operations, business process automation, application
management, content management, security, and others. IT operations are
expected to capture the largest market share in the forecast period.
Intelligent process automation technology can be adopted by the IT industry in
software and application development lifecycle management, which can reap
several benefits, including lower operational costs. The technology can support
different functions, including software monitoring, asset tracking, service
ticket management, and user management. It also improves the user experience,
can monitor the IT lifecycle centrally, and boosts several development tasks to
work more efficiently with reduced time. Several advantages of using
intelligent automation technology by the IT industry are expected to support
the market demand throughout the forecast period.
Based on the organization size, the
market is divided into small & medium-sized enterprises and large
enterprises. Large enterprises are expected to account for significant market
share in the forecast period owing to the ability to invest a high amount for
technological upgradation. Large enterprises deploy advanced solutions to
maximize profits, lower downtime, and boost employee productivity, thereby
influencing market growth.
On the basis of regional analysis, the
Asia-pacific region is expected to be the most lucrative market for the global
intelligent process automation market for the next five years. Improvement in
economic conditions of developing countries such as China and rapid
urbanization, globalization, and digitalization process of industries are
majorly influencing market demand. Deployment of intelligent cloud-based
solutions and adopting robotic process automation technology by organizations
to lower the maintenance and operational costs and boost the overall production
capacity is expected to bolster the growth of the global intelligent process
automation market for the next five years.
Major market players operating in the global
intelligent process automation market are:
- ·
Accelirate,
Inc.
- ·
Blue
Prism Group PLC
- ·
Dell
EMC Corp.
- ·
IBM
Corporation
- ·
WorkFusion
- ·
UiPath,
Inc.
- ·
Kofax
Inc.
- ·
Pegasystems
Inc.
- ·
Salesforce.com
Inc.
- ·
SAP
SE
Download Sample
Report @ https://www.techsciresearch.com/sample-report.aspx?cid=8272
Customers can also request for 10% free
customization on this report.
“BFSI industry is expected to be the
largest end-user industry in the forecast period, 2023-2027. The rapid adoption
of intelligent process automation by the BFSI industry to improve the
efficiency and accuracy of various operations by performing validation tests
and collating data from multiple systems is playing a vital role in fueling the
demand for intelligent process automation solutions across the globe. Banks are
making high-end investments to purchase intelligent process automation
solutions for streamlining the process and ensuring smooth transactions with
minimal fraudulent activities. The introduction of affordable and advanced
solutions by the market players by analyzing the requirements of other
industries are expected to propel the global intelligent process automation
market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Intelligent Process
Automation Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2017-2027
Segmented By Component
(Solution and Services), By Deployment (On-premises and Cloud), By Application
(IT Operations, Business Process Automation, Application Management, Content
Management, Security, and Others), By Organization Size (Small &
Medium-Sized Enterprises and Large Enterprises), By Technology (Natural
Language Processing, Machine & Deep Learning, and Others), By Industry
Vertical (BFSI, Healthcare, Telecommunications &IT, Government & Public
Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment,
and Others), and By Region”, has evaluated the future
growth potential of global intelligent process automation market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global intelligent process automation market.
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]