The global Hyperautomation market is expected to reach USD 22.84 Billion by 2027, according to a new report by Emergen Research. The hyperautomation market is experiencing a rapid growth attributable to the use of technologies comprising robotic process automation (RPA), artificial learning (AI), machine learning (ML), biometrics, and Chatbots, among others, in various industry verticals including BFSI, retail, manufacturing, automotive, and healthcare, among others. Hyperautomation delivers various advantages as compared to other automation types comprising rapid automation of processes, improved workforce motivation, and satisfaction, assignment of employees to other critical tasks, implementation of advanced analytics, enhancement in insights’ precision, risk reduction, better compliance, increased productivity, and improved collaboration at workplace.. The presence of eminent RPA, AI, and ML firms in the region, a well-established IT infrastructure, and major banks, among other end-users, are causative of the growth of the market.
Global Hyperautomation Market – Overview:
The hyperautomation market in North America held the second-largest hyperautomation market share in 2019 and is likely to grow at a rate of 17.6% in the forecast period .The report comprises a detailed analysis of the vital elements of the Hyperautomation market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report entails an organized database of the Hyperautomation market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report, published by emergenresearch, is a detail-oriented compilation of the crucial aspects of the Hyperautomation market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
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Key participants include UiPath, SolveXia, Appian, Mitsubishi Electric Corporation, Automation Anywhere Inc., Allerin Tech Pvt. Ltd., OneGlobe LLC, Wipro Limited, Tata Consultancy Services Ltd., and Catalytic Inc., among others.
Hyperautomation Market Size – USD 492.1 Million in 2019, Market Growth - CAGR of 18.2%, Market Trends –Growing automation trend in the manufacturing sector Several firms in the manufacturing sector, to overcome time-consuming processes including customer communication management, inventory management, purchase, and payment processing, as well as maintaining cost reduction and implementing innovative business practices, are switching to hyperautomation to better streamline the operations rapidly across the supply chain.
Technology Outlook (Revenue, USD Billion; 2017-2027)
Robotic Process Automation (RPA)
Artificial Intelligence (AI)
Machine Learning (ML)
Biometrics
Chatbots
Natural Language Generation (NLG)
Others
Industry Verticals Outlook (Revenue, USD Billion; 2017-2027)
BFSI
Retail
Manufacturing
Healthcare
Others
Read More: https://www.emergenresearch.com/industry-report/hyperautomation-market
Key regions covered in the report:
North America
Europe
Asia Pacific
Latin America
Middle East Africa
The report considers the following timeline for market estimations:
Historical Years: 2017 – 2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020 – 2027
By technology, natural language generation (NLG) is likely to grow at significant rate in the forecast period. NLG assists computers in transforming structured data into text information in a language understandable by humans. NLG platform provides dedicated solutions for end-users such as BFSI, manufacturing, and healthcare, among others, scalable and rapidly deployable at a lower cost of implementation.
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Hyperautomation market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Hyperautomation market size
2.2 Latest Hyperautomation market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Hyperautomation market key players
3.2 Global Hyperautomation size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Hyperautomation market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Key Points of Hyperautomation Market:
Extensive coverage of the analysis of the Hyperautomation market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Hyperautomation market
Complete data about the key manufacturers and vendors in the Hyperautomation market
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