Product Code: ANV842
REPORT HIGHLIGHT
The global Intelligent Process Automation market is estimated to be worth $7,300.5 million in 2021. Intelligent Process Automation market is expected to expand at an 20.8% CAGR during the forecast period.
Market Introduction
Artificial intelligence and machine learning robotics are combined in intelligent process automation. The major goal of implementing this technology into systems is to allow businesses to benefit from the automated features and processes that it provides. As a result, intelligent process automation is a type of automation that is used to streamline workflow and build smart business processes. Along with attaining operational efficiency, technology also aids in improving employee performance and efficiently responding to customers. The landscape of automation is changing as a result of technological breakthroughs ranging from robotic process automation to Artificial Intelligence (AI). Productivity, operational efficiency, and the creation of new revenue-generating opportunities are all significant goals of the implementation.
Market Dynamics
Market growth is predicted to be boosted by a growing demand to improve the productivity of commercial operations, as well as increased technological penetration across various industry sectors. Intelligent process automation solutions provide users with smart technology and flexible procedures that enable them to make faster and more informed decisions. These tools manage and monitor interfaces in order to eliminate bottlenecks in workflow systems. This feature is expected to help the market gain traction in the approaching years. One of the primary factors driving market expansion is the rising demand for automation-led transformation projects aided by a digital workforce. The rising adoption of RPA will provide opportunities for the Intelligent Process Automation market. RPA technology is used to automate manual data entry operations in businesses, eliminating the necessity of human intervention. AI employs neural nets and self-learning networks to process data and makes intelligent decisions by studying and learning from previous data models. The IPA workflow combines machine learning, artificial intelligence, cognitive learning, and robotic process automation. As a result, as RPA rises, the demand for IPA rises as well. RPA allows for greater speed and efficiency. Robots that mimic human movements, such as re-keying data from one system to another, can assist reduce manual, labor-intensive operations. AI adds a new degree of intelligence to automation by analyzing data in ways that humans cannot, finding patterns in data, and learning from previous decisions to create increasingly smarter ones.
Segmentation Analysis
The Intelligent Process Automation Market is segmented By technology, component, vertical, application, and geography. Based on the component, the solution segment is expected to register a high growth of 11.5% during the forecast period. IPA solutions are rapidly being adopted by businesses across many industries to improve efficiency while reducing human work procedures. AI and associated new technologies, including cognitive automation, computer vision, and machine learning, are used in IPA to automate robotic processes. Cognitive characteristics are added to these solutions, allowing algorithms to analyze, interpret, and respond. Users may make use of smart technologies and exile processes, the ability to make quicker and more informed decisions. IPA solutions offer two primary benefits: increased price efficiency and improved client experience. Many firms across sectors have been exploring IPA, according to a survey, with impressive results: automation of 50-70% of processes, resulting in cost savings of 20-35% on an annual run-rate basis.
Competitive Landscape
The global Intelligent Process Automation market is fairly competitive with the presence of a large number of international and national players. Some of the major players in the market are Atos, IBM, and Genpact, among others. Industry players are relying on product approvals, product launches, mergers, and acquisitions to gain a significant share of the global Intelligent Process Automation market. For instance, in October 2021, Cisco and IBM announced a collaboration to help manage 5G networks. In addition, in September 2021, HCL Technologies launched the DRYiCE iAutomate available on Google Cloud Marketplace.
Key features of the study:
- This proposed research study on Intelligent Process Automation market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Intelligent Process Automation market.
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Intelligent Process Automation market.
- Impact of COVID-19 on Intelligent Process Automation market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Intelligent Process Automation market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Intelligent Process Automation market, we have also included competitive landscape and key innovator analysis for the Intelligent Process Automation market
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Intelligent Process Automation market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Intelligent Process Automation market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Global Intelligent Process Automation Market Key Players
- Atos
- IBM
- Genpact
- HCL technologies
- Blue Prism
- Capgemini
- Pegasystems
- CGI
- Cognizant
- Accenture
- WorkFusion
- Cognigy
- Autologyx
Global Intelligent Process Automation Market by Technology
- Machine Learning
- Natural Language Processing
- Virtual Agents
- Computer Vision
- Others
Global Intelligent Process Automation Market by Component
- Platform
- Solution
- Service
Global Intelligent Process Automation Market by Application
- Contact Center Management
- Business Process Automation
- Application Management
- Content Management
- Security Management
- Other
Global Intelligent Process Automation Market by Vertical
- BFSI
- Telecommunications and IT
- Manufacturing & Logistics
- Media & Entertainment
- Retail & eCommerce
- Healthcare & Life Sciences
- Other
Global Intelligent Process Automation Market by Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle-East and Africa
- GCC
- South Africa
- Rest of Middle-East and Africa
TABLE OF CONTENT
1. Intelligent Process Automation Market Overview
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Technology
- 2.1.2. Market Snippet by Component
- 2.1.3. Market Snippet by Application
- 2.1.4. Market Snippet by Vertical
- 2.1.5. Market Snippet by Country
- 2.1.6. Market Snippet by Region
- 2.2. Competitive Insights
3. Intelligent Process Automation Key Market Trends
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. Intelligent Process Automation Industry Study
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Intelligent Process Automation Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Intelligent Process Automation Market Landscape
- 6.1. Market Share Analysis, 2020
- 6.2. Key Innovators Analysis
- 6.3. Breakdown Data, by Key Manufacturer
- 6.3.1. Established Players' Analysis
- 6.3.2. Emerging Players' Analysis
7. Intelligent Process Automation Market - By Technology
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Technology, 2021 & 2028 (%)
- 7.1.2. Machine Learning
- 7.1.3. Natural Language Processing
- 7.1.4. Virtual Agents
- 7.1.5. Computer Vision
- 7.1.6. Others
8. Intelligent Process Automation Market - By Component
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Component, 2021 & 2028 (%)
- 8.1.2. Platform
- 8.1.3. Solution
- 8.1.4. Service
9. Intelligent Process Automation Market - By Application
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By Technology, 2021 & 2028 (%)
- 9.1.2. Contact Center Management
- 9.1.3. Business Process Automation
- 9.1.4. Vertical Management
- 9.1.5. Content Management
- 9.1.6. Security Management
- 9.1.7. Other
10. Intelligent Process Automation Market - By Vertical
- 10.1. Overview
- 10.1.1. Segment Share Analysis, By Component, 2021 & 2028 (%)
- 10.1.2. BFSI
- 10.1.3. Telecommunications and IT
- 10.1.4. Manufacturing & Logistics
- 10.1.5. Media & Entertainment
- 10.1.6. Retail & eCommerce
- 10.1.7. Healthcare & Life Sciences
- 10.1.8. Other
11. Intelligent Process Automation Market- By Geography
- 11.1. Introduction
- 11.1.1. Segment Share Analysis, By Geography, 2021 & 2028 (%)
- 11.2. North America
- 11.2.1. Overview
- 11.2.2. Key Manufacturers in North America
- 11.2.3. North America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 11.2.4. North America Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.2.5. North America Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.2.6. North America Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.2.7. North America Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.2.8. U.S.
- 11.2.8.1. Overview
- 11.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.2.8.3. U.S. Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.2.8.4. U.S. Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.2.8.5. U.S. Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.2.8.6. U.S. Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.2.9. Canada
- 11.2.9.1. Overview
- 11.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 1.1.1.1. Canada Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 1.1.1.2. Canada Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 1.1.1.3. Canada Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 1.1.1.4. Canada Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.3. Europe
- 11.3.1. Overview
- 11.3.2. Key Manufacturers in Europe
- 11.3.3. Europe Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 11.3.4. Europe Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.3.5. Europe Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.3.6. Europe Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.3.7. Europe Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.3.8. Germany
- 11.3.8.1. Overview
- 11.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.3.8.3. Germany Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.3.8.4. Germany Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.3.8.5. Germany Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.3.8.6. Germany Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.3.9. Italy
- 11.3.9.1. Overview
- 11.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.3.9.3. Italy Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.3.9.4. Italy Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.3.9.5. Italy Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.3.9.6. Italy Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.3.10. United Kingdom
- 11.3.10.1. Overview
- 11.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.3.10.3. United Kingdom Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.3.10.4. United Kingdom Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.3.10.5. United Kingdom Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.3.10.6. United Kingdom Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.3.11. France
- 11.3.11.1. Overview
- 11.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.3.11.3. France Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.3.11.4. France Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.3.11.5. France Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.3.11.6. France Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.3.12. Rest of Europe
- 11.3.12.1. Overview
- 11.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.3.12.3. Rest of the Europe Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.3.12.4. Rest of the Europe Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.3.12.5. Rest of the Europe Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.3.12.6. Rest of the Europe Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.4. Asia Pacific (APAC)
- 11.4.1. Overview
- 11.4.2. Key Manufacturers in Asia Pacific
- 11.4.3. Asia Pacific Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 11.4.4. Asia Pacific Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.4.5. Asia Pacific Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.4.6. Asia Pacific Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.4.7. Asia Pacific Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.4.8. India
- 11.4.8.1. Overview
- 11.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.4.8.3. India Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.4.8.4. India Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.4.8.5. India Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.4.8.6. India Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.4.9. China
- 11.4.9.1. Overview
- 11.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.4.9.3. China Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.4.9.4. China Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.4.9.5. China Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.4.9.6. China Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.4.10. Japan
- 11.4.10.1. Overview
- 11.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.4.10.3. Japan Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.4.10.4. Japan Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.4.10.5. Japan Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.4.10.6. Japan Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.4.11. South Korea
- 11.4.11.1. Overview
- 11.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.4.11.3. South Korea Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.4.11.4. South Korea Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.4.11.5. South Korea Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.4.11.6. South Korea Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.4.12. Rest of APAC
- 11.4.12.1. Overview
- 11.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.4.12.3. Rest of APAC Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.4.12.4. Rest of APAC Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.4.12.5. Rest of APAC Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.4.12.6. Rest of APAC Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.5. Latin America
- 11.5.1. Overview
- 11.5.2. Key Manufacturers in Latin America
- 11.5.3. Latin America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 11.5.4. Latin America Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.5.5. Latin America Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.5.6. Latin America Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.5.7. Latin America Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.5.8. Brazil
- 11.5.8.1. Overview
- 11.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.5.8.3. Brazil Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.5.8.4. Brazil Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.5.8.5. Brazil Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.5.8.6. Brazil Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.5.9. Mexico
- 11.5.9.1. Overview
- 11.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.5.9.3. Mexico Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.5.9.4. Mexico Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.5.9.5. Mexico Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.5.9.6. Mexico Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.5.10. Argentina
- 11.5.10.1. Overview
- 11.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.5.10.3. Argentina Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.5.10.4. Argentina Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.5.10.5. Argentina Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.5.10.6. Argentina Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.5.11. Rest of LATAM
- 11.5.11.1. Overview
- 11.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.5.11.3. Rest of LATAM Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.5.11.4. Rest of LATAM Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.5.11.5. Rest of LATAM Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.5.11.6. Rest of LATAM Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.6. Middle East and Africa
- 11.6.1. Overview
- 11.6.2. Key Manufacturers in Middle East and Africa
- 11.6.3. Middle East and Africa Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 11.6.4. Middle East and Africa Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.6.5. Middle East and Africa Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.6.6. Middle East and Africa Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.6.7. Middle East and Africa Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.6.8. Saudi Arabia
- 11.6.8.1. Overview
- 11.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.6.8.3. Saudi Arabia Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.6.8.4. Saudi Arabia Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.6.8.5. Saudi Arabia Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.6.8.6. Saudi Arabia Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
- 11.6.9. United Arab Emirates
- 11.6.9.1. Overview
- 11.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 11.6.9.3. United Arab Emirates Market Size and Forecast, By Technology, 2017 - 2028 (US$ Million)
- 11.6.9.4. United Arab Emirates Market Size and Forecast, By Component, 2017 - 2028 (US$ Million)
- 11.6.9.5. United Arab Emirates Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 11.6.9.6. United Arab Emirates Market Size and Forecast, By Vertical, 2017 - 2028 (US$ Million)
12. Key Vendor Analysis
- 12.1. Competitive Dashboard
- 12.2. Company Profiles
- 12.2.1. Atos
- 12.2.2. IBM
- 12.2.3. Genpact
- 12.2.4. HCL technologies
- 12.2.5. Blue Prism
- 12.2.6. Capgemini
- 12.2.7. Pegasystems
- 12.2.8. CGI
- 12.2.9. Cognizant
- 12.2.10. Accenture
- 12.2.11. WorkFusion
- 12.2.12. Cognigy
- 12.2.13. Autologyx
13. 360 Degree Analyst View
14. Appendix
- 14.1. Research Methodology
- 14.2. References
- 14.3. Abbreviations
- 14.4. Disclaimer
- 14.5. Contact Us