Information and Communication Technology

Global Intelligent Process Automation Market Growing at Huge CAGR | Major Market Competitors are Automation Anywhere, Inc., UiPath., Blue Prism, Pegasystems Inc., AntWorks, NICE Robotic Automation, KOFAX INC., softmotive, SAP SE

This is projecting a rise in estimated value from USD 7.34 billion in 2018 to an estimated value of USD 19.79 billion by 2026, registering a CAGR of 13.2% in the forecast period of 2019-2026

Global Intelligent Process Automation Market is driven by better optimization in the organization and to gain a major competitive edge within the market. Intelligent process automation is more focused towards reducing the costs and increasing the revenue. This is projecting a rise in estimated value from USD 7.34 billion in 2018 to an estimated value of USD 19.79 billion by 2026, registering a CAGR of 13.2% in the forecast period of 2019-2026

Competitive Analysis:Global intelligent process automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of intelligent process automation market for global, Europe, North America, Asia Pacific and South America.

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Market Definition: Global Intelligent Process Automation Market

Intelligent process automation can be defined as process of implementing the artificial intelligence, cognitive automation, machine learning and computer vision to the robotics. Intelligent process automation is an integration of machine learning and robotic process automation which assist the human work and have the tendency to improve over a period of time without any command.

Major Market Competitors/Players: 

Few of the major competitors currently working in intelligent process automation market are Automation Anywhere, Inc., UiPath., Blue Prism, Pegasystems Inc., AntWorks, NICE Robotic Automation, KOFAX INC., softmotive, SAP SE, AutomationEdge, Eggplant, LarcAI, Kryon Systems, Autologyx Ltd., Echelon, Sanbot Innovation Technology. Ltd, Cinnamon, Inc. and Crowd Computing Systems, Inc.

Recent Industry Developments:

 In October 2018, Automation Anywhere launched Apeople – an online community, for the experts and practitioners of robotic process automation, business process automation and artificial intelligence

In September 2018, Eggplant RPA by eggplant has been launched which can do or automate the work which is being done by the human using DAI technology. It has the capability of conversion and migration of 500,000 files which reduce the chances of overlapping of work using DAI technology

Intelligent Process Automation Market report foretells current as well as future market trends. This Business report is complete package of considerable info of the business for people who are trying to find their Business expand in varied regions also as manufacturers, organization or New entrants in the business

Market Drivers:

  • Rapid increase in scope and usage of IT and automation within the globe with high acceptance ratio in the market
  • Automation with artificial intelligence helps in better customer experience and to grow in systematic manner
  • Minimizing the human work and error with optimum utilization of resources to earn greater efficiency of business enterprise in the market

Market Restraints:

  • Shortage of technical expertise within the area of artificial intelligence and robotics
  • Hard to penetrate in underdeveloped and low literacy rate regions
  • Cost of initial investment is very high and intelligent process automation may lead to an increase in human unemployment

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Market Segmentation: Global Intelligent Process Automation Market

Global Intelligent Process Automation Market By Technology (Natural Language Processing, Machine and Deep Learning, Neural Networks, Virtual Agents, Mini Bots and RPA, Computer Vision, Others), Component (Solutions, Services), Vertical (Banking, Financial Services, and Insurance, Telecommunications and IT, Transport and Logistics, Media and Entertainment, Retail and E-Commerce, Manufacturing, Healthcare and Life Sciences, Others), Application (IT Operations, Business Process Automation, Application Management, Content Management, Security, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 Global Intelligent Process Automation Market By Technology (Natural Language Processing, Machine and Deep Learning, Neural Networks, Virtual Agents, Mini Bots and RPA, Computer Vision, Others), Component (Solutions, Services), Vertical (Banking, Financial Services, and Insurance, Telecommunications and IT, Transport and Logistics, Media and Entertainment, Retail and E-Commerce, Manufacturing, Healthcare and Life Sciences, Others), Application (IT Operations, Business Process Automation, Application Management, Content Management, Security, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026.

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Key Insights in the report:

 Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

 Table of Contents: Global Intelligent Process Automation Market

 Executive Summary

Scope/opportunities of the Report

Research Methodology

Market Landscape

Pipeline Analysis

Market Sizing

Porter’s Five Forces Analysis

Market Segmentation

Customer Landscape

Regional Landscape

Business Decision Framework

Drivers And Challenges

Market Key Trends

Players Landscape

Players Analysis

Appendix

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