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Global Intelligent Process Automation Market is expected to Reach USD 19.79 Billion by 2026 | Unbelievable Growth

Top Key Players: Automation Anywhere Inc., UiPath., Blue Prism, Pegasystems Inc., AntWorks, NICE Robotic Automation, KOFAX INC., softmotive, SAP SE, AutomationEdge, Eggplant

Market Analysis:

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.

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.

Global-Intelligent-Process-Automation-Market
Intelligent Process Automation Market

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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.
  • Crowd Computing Systems, Inc.

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

Table of Contents Available For this Market Download Free TOC : https://databridgemarketresearch.com/toc/?dbmr=global-intelligent-process-automation-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

Segmentation: 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
      • Video Analytics
      • Biometrics
      • Expert Systems
      • Sensor Processing
      • Inference Engines
  • By Component
    • Solutions
      • Software Tools
      • Platforms
    • Services
      • Professional Services
        • Advisory/ Consulting
        • Design and Implementation
        • Training
        • Support and Maintenance
      • Managed Services
  • By Vertical
    • Banking, Financial Services, and Insurance {BFSI}
    • Telecommunications and IT
    • Transport and Logistics
    • Media and Entertainment
    • Retail and E-commerce
    • Manufacturing
    • Healthcare and Life Sciences
    • Others
      • Travel and Hospitality
      • Education
      • Government and Public Sector
      • Utilities
  • By Application
    • IT Operations
    • Business Process Automation
    • Application Management
    • Content Management
    • Security
    • Others
      • Human Resource Management
      • Incident Resolution
      • Service Orchestration
  • By Geography
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East and Africa

Key Developments in the Market

  • 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

Competitive Analysis: Global Intelligent Process Automation Market

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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Contact: Data Bridge Market Research

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