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The RPA and hyperautomation market size is forecast to increase by USD 20.53 billion at a CAGR of 23.59% between 2022 and 2027. Market expansion hinges on various factors, notably the escalating demand for automation across major industries, adoption of cutting-edge techniques like RPA and hyperautomation, and the surging need for swift service delivery. As industries increasingly prioritize efficiency and cost-effectiveness, the push for automation has become paramount. This trend aligns with the adoption of sophisticated technologies such as robotic process automation (RPA) and hyperautomation, driving market growth. Moreover, the modern business landscape's emphasis on rapid service provision, propelled by customer expectations, contributes significantly to market expansion. These factors collectively drive the evolution of automation solutions, reshaping how businesses operate and optimizing processes for enhanced productivity and competitiveness.
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This report extensively covers market segmentation by component (solutions and services), technology (RPA, business process management suites, decision management systems, and integration platform as a service), and geography (North America, Europe, APAC, South America, and Middle East & Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
In today's competitive market environment, RPA and Hyperautomation are pivotal drivers, empowering topic specialists to focus on strategic tasks and enabling capacity creation by automating repetitive activities. The expectation of ROI drives businesses to invest in automation, leveraging AI, ML technologies, and advanced techniques to enhance user experience. However, challenges such as addressing complicated business processes and minimizing manual involvement remain, necessitating a thorough evaluation phase to ensure operational efficiency. Balancing digital agility and scale flexibility, organizations strive to achieve their business objectives while providing visibility to the business process for enterprise executives. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise in the need for automation within major industries is notably driving the robotic process automation market growth. Most industries are trying to keep up with the changes related to the development of different technologies. For instance, businesses can use this to find safety violations before they occur to prevent accidents or liabilities. It also ensures that job site employees follow pedestrian walking lanes and make sure that the equipment is safe and secure.
Moreover, the integration and widespread use of automation in construction projects, as well as other industries, are expected to present opportunities for hyperautomation. This technology presents real-time data on job-site behavior, which enables companies to make modifications based on data rather than speculation. Thus, the rise in the need for automation among major industries is expected to drive the growth of the global robotic process automation and hyperautomation market during the forecast period.
Growing technological advancements are a key trend influencing the robotic process automation market growth. Major organizations in the automation sector are focusing on creating new technology solutions, such as a single platform for hyperautomation, to stay competitive in the market. For instance, in December 2020, US-based enterprise software and cloud computing provider Appian introduced a new iteration of its low-code automation platform. The latest version of the Appian platform combines process automation, low-code RPA, and AI.
Moreover, businesses can use the new-generation, robust, scalable, integrated enterprise automation technologies. Thus, the growing technological advancements are expected to support the growth of the global robotic process automation and hyperautomation market during the forecast period.
The lack of awareness regarding RPA and hyperautomation solutions may impede the robotic process automation market growth. RPA and hyperautomation are different concepts that focus on the shift from a manual workforce to a virtual workforce in business process management. The robotic software deployed to standardize business processes is a new concept for industries, including small and medium enterprises. In addition, the awareness about RPA and hyperautomation software is low in regions such as APAC owing to the presence of low-cost industrial workers.
For the successful implementation of RPA and hyperautomation software, awareness about the implementation and advantages achieved through RPA and hyperautomation software over manual labor is necessary. However, due to low awareness, the adoption of market has been low in price-sensitive regions. Such factors are expected to hinder the growth of the global robotic process automation and hyperautomation market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative market research report analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In market research and growth, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
In today's competitive market environment, organizations are turning to Robotic Process Automation (RPA) and Hyperautomation to stay ahead. These technologies empower topic specialists to focus on high-value tasks by handling repetitive activities, thereby enabling capacity creation and optimizing ROI expectation. The automation of business processes using AI, ML technologies, and advanced techniques ensures digital transformation and enhances user experience. RPA and Hyperautomation solutions cater to key industries across sectors, providing them with digital agility and scale flexibility to adapt to changing market demands. During the evaluation phase, businesses recognize the criticalities of the processes and address manual involvement to eliminate flaws. This approach aligns with business objectives and provides visibility to the business process for enterprise executives.
The market share growth by the solutions segment will be significant during the forecast period. Solutions use RPA and hyperautomation to increase operational effectiveness and reduce human work processes. RPA and hyperautomation are the applications of AI and related emerging technologies, such as machine learning, cognitive automation, and computer vision. These solutions offer users cutting-edge technologies and exile procedures.
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The solutions segment was valued at USD 2.47 billion in 2017 and continued to grow by 2021. With the use of RPA and hyperautomation solutions, organizations can reduce the time and cost needed to complete business operations and workflows. RPA and hyperautomation solutions enable effective and economical corporate operations by automating rule-based, manual, and back-office administrative tasks. Creating a virtual workforce increases accuracy while lowering implementation costs. Such factors are expected to drive the growth of the solution segment during the forecast period.
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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Many industry verticals in North America have undergone a digital transformation. Businesses in the region have generated large amounts of data, which has created favorable opportunities for the deployment of RPA and hyperautomation solutions. Some of the industries that have adopted RPA and hyperautomation include BFSI, IT, telecom, transportation, logistics, manufacturing, and retail. These factors will drive the growth of the regional market during the forecast period.
The report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is experiencing substantial growth, fueled by various factors. Key industries across sectors are increasingly turning to automation solutions to enhance operational efficiency and achieve a significant return on investments (ROI). This shift involves leveraging Machine Learning (ML) technologies, Artificial Intelligence (AI), and other advanced techniques to streamline complicated business processes. One of the driving forces is the need to reduce manual involvement in virtual tasks and exile processes by deploying AI technologies and ML models. This approach not only improves user experience but also ensures digital agility and scale flexibility. Companies are in an evaluation phase where they are recognizing the criticalities of the processes and striving to eliminate flaws through automation.
Moreover, RPA and Hyperautomation enable enterprise executives to gain visibility into business processes, thereby aligning operations with business objectives. These technologies empower organizations with cognitive capabilities and smart technologies to handle tasks ranging from data processing and automation software to Quality control and Mobility solutions. By leveraging Natural Language Generation (NLG), Context-aware computing, Biometrics, and Chatbots, companies can further enhance their operations across Human resources (HR), Information technology (IT), Marketing & sales, and Finance & accounting domains. This holistic approach optimizes workflow, reduces errors, and ensures compliance with security & safety standards, making RPA and Hyperautomation integral to modern business strategies.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 23.59% |
Market growth 2023-2027 |
USD 20.53 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
20.68 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East & Africa |
Performing market contribution |
North America at 38% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Automation Anywhere Inc., Akabot, Alteryx Inc., Appian Corp., Celonis SE, Compulink Management Center Inc., Datamatics Global Services Ltd., Fortra LLC, International Business Machines Corp., Juniper Networks Inc., Microsoft Corp., NICE Ltd., PagerDuty Inc., Pegasystems Inc., ProcessMaker Inc., SAP SE, SolveXia Pty Ltd., SS and C Technologies Holdings Inc., UiPath Inc., and Zendesk Inc. |
Market dynamics |
Parent market analysis, market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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