According to the current analysis of Reports and Data, the global Intelligent Process Automation Market was valued at USD 8.1 Billion in 2018 and is expected to reach USD 20.7375 Billion by year 2026, at a CAGR of 11.5%.
The Intelligent Process Automation Market highlights the technologies and the applications of IPA in the different industries. The intelligent process automation market is segmented on the basis of component; software/tools and services. The services include professional and managed services offered by the IPA vendors to complement their offerings. The IPA is offered as integrated set of software or as an tool. The intelligent process automation market comprises of the IPA applications among different business functions in the industries. The intelligent process automation market is segmented into different end users.
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The report offers a comprehensive analysis of the competitive landscape along with profiles of the companies, their product portfolios, and lucrative business strategies undertaken by them to gain a robust footing in the global industry. It also discusses in detail the recent mergers and acquisitions, partnerships, collaborations, and product launches among others.
Further key findings from the report suggest:
Intelligent Process Automation Market is fastest growing at a CAGR of 0% in Asia Pacific owing to the globalization, economic development, digitalization, and the increased adoption of cloud technologies in developing countries such as India and China
Platform/tools is accounted to be the leading segment which is valued at USD 6.54 Billion in 2018i the market
North America is the largest region with a share of 32.84% due to the higher adoption of automation and AI in different industries and growing mobile penetration in Canada
Managed services segment is the fastest growing at a CAGR of 20.4% due to the need for focusing on core business activities.
Europe is expected to account for the 27.17% of the global market due to the increasing demand for automation and RPA in European countries such as U.K., France, Japan, and Germany
Banking, Financial Services, and Insurance (BFSI) end user to account for the largest market size during the forecast period. Banking companies are gradually implementing automated and IPA technology-driven approaches for customer experience and cost savings
Chatbot automation is the latest innovation in the global IPA Market.
Some of the key players in the Intelligent Process Automation Market are UiPath, Inc., SAP SE, Dell EMC Corporation, Blue Prism Group, IBM Corporation, Salesforce.Com, Inc., Capgemini, Cognizant, Pegasystems, Genpact, and Happiest Minds.
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The market is further segmented on the basis of product types offered in the market and the application spectrum. On the basis of types, the segmentation covers:
Component (Revenue, USD Billion; 2016–2026)
Application (Revenue, USD Billion; 2016–2026)
Business Process Management
Robotic Process Automation
Business Intelligence and Analytics
Business Function (Revenue, USD Billion; 2016–2026)
End Users (Revenue, USD Billion; 2016–2026)
Telecom and IT
Banking, Financial Services, and Insurance (BFSI)
Transport and Logistics
Media and Entertainment
Retail and ecommerce
The report is further segmented into key geographical regions along with their countries to impart a better understanding of the market. The report focuses on the economic growth, technological advancements, investment and funding, R&D activities, production and consumption ratio, current and emerging trends, and presence of key players in each region.
The regional analysis covers the following key regions of the world:
North America (U.S.A., Canada)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Table of Contents:
Chapter 1. Market Synopsis
1.1. Market Synopsis
1.2. Market Definition
1.3. Research Scope & Premise
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
3.1. Intelligent Process Automation Market Ecosystem
3.2. Intelligent Process Automation Framework and Architecture
3.3. Intelligent Process Automation Market By Technology
3.3.1. Machine Learning
3.3.2. Natural Language Generation/Natural Language Processing
3.3.3. Virtual Agents
Questions Answered in the Report:
What will be the estimated growth rate of the Intelligent Process Automation Market in 2027?
Who are the prominent distributors, vendors, and manufacturers of the Intelligent Process Automation Market?
What are the driving and restraining factors of the growth of Intelligent Process Automation Market throughout the forecast period?
What are the current and future market trends of the Intelligent Process Automation Market?
What are the sales and price analysis of the product by types, applications, and regional sales?
Which region is expected to dominate the market growth over the forecast period?
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