Intelligent Process Automation Market 2019-2023: Key Findings, Global Trends, Regional Study, Business Segments, Emerging Audience and Future Prospects

August 28 03:33 2019
Intelligent Process Automation Market 2019-2023: Key Findings, Global Trends, Regional Study, Business Segments, Emerging Audience and Future Prospects

Intelligent Process Automation Market
Global Intelligent Process Automation Market is expected to grow at a CAGR of ~40%, reaching ~8 Billion by the end of 2023

Intelligent Process Automation Market Highlights:

Intelligent process automation (IPA) is the application of artificial intelligence (AI), computer vision, cognitive automation and machine learning to robotic process automation (RPA). This produces automation competencies that uplift business value and competitive advantages for end users.

The Intelligent Process Automation Market is driven by high development growth in connected devices market. The increased adoption rate of automation processes to transform workplaces is also fuelling the intelligent process automation market. Although the market is growing at a rapid pace, lack of technical expertise and operational issues in the implementation of intelligent process automation software is limiting the market. The intelligent process automation market is expected to grow owing to increasing business complexity and developments in artificial intelligence solutions.

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Competitive Landscape:

IBM Corporation (U.S.), UiPath (U.S.), SAP SE (Germany), Accelirate, Inc. (U.S.), Lexmark International, Inc. (U.S.), Salesforce.com, Inc. (U.S.), Pegasystems Inc. (U.S.), EMC Corporation (U.S.), Crowd Computing Systems, Inc. (U.S.), OpenText Corp. (U.S.), and Blue Prism (U.K.) are the notable players in the global intelligent process automation market.

Synechron (U.S.), Genpact, Inc.(Bermuda), Happiest Minds (India), Appian (U,S.), Swiss Post Solutions (Germany), Wipro Limited (India), Cognizant (U.S.), and Kofax Inc. (U.S.) are the other players in the market.

Segmentation:

The global intelligent process automation market has been segmented based on data type, deployment, solution, service, organization size, and vertical.

  • On the basis of data type, the market has been segmented into unstructured and structured.
  • On the basis of deployment, the market has been segmented into on-cloud deployment and on-premise. 
  • Based on solution, the market has been segmented into business process management, enterprise mobility, enterprise content management, customer experience management, business intelligence and analytics, and others.
  • On the basis of service, the market has been segmented into professional services and managed services.
  • Based on organization size, the market has been segmented into large enterprises and small and medium enterprises.
  • Vertical-wise segmentation of the market includes manufacturing, telecom & IT, public sector, BFSI, energy, and utilities, and entertainment, retail, healthcare, media, transportation and logistics, others.

Regional Analysis:

By region, the intelligent process automation market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

Large-scale industrialization in North America has provided favorable groundwork for the growth of the intelligent process automation market. As diverse industries are adopting automation in their processes, the need for intelligent process automation is also escalating. Additionally, predictive and prescriptive maintenance have also added fuel to the market growth.

The APAC intelligent process automation market is poised to expand notably. fast-track industrialization in the region has propelled the need for intelligent process automation solutions since the region is swiftly adopting automation. Particularly, the manufacturing sector has been a frontrunner in the adoption of automation technologies such as robotics. The APAC intelligent process automation is likely to capture the highest CAGR over the forecast period and will be led by China, Taiwan, and India.

Industry updates:

May 2019 – CognitiveScale Inc., a developer of industry-specific augmented intelligence software, joined forces with Blue Prism, a multinational software corporation, to accelerate the development of intelligent process automation. Both the companies have entered into a Technology Alliance Program (TAP), and as a part of the collaboration, Blue Prism will make CognitiveScale’s Amplify AI product suite available on it’s Digital Exchange (DX) platform.

Intended Audience:

  • Associations, Organizations, Forums, And Alliances
  • Cloud Service Providers
  • Customer Experience Solution Providers
  • Government Bodies and Departments
  • Intelligent Process Automation Companies
  • Intelligent Process Automation Providers
  • Technical Universities
  • System Integrators
  • Managed Security Service Providers
  • Professional Service Providers
  • Research and Development Companies
  • Market Research and Consulting Firms
  • Solution Providers
  • Technology Standards Organizations
  • Technology Investors

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Table of Contents

1        Executive Summary

2        Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research Objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure

3        Market Research Methodology

3.1       Research Process

3.2       Secondary Research

3.3       Primary Research

3.4       Forecast Model

Continued…..

List of Tables

Table1 Global Intelligent Process Automation Market: By Country, 2018-2023

Table2 North America Intelligent Process Automation Market: By Country, 2018-2023 

Table3 Europe Intelligent Process Automation Market: By Country, 2018-2023 

Continued…..

List of Figures

Figure 1 Global Intelligent Process Automation Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of Global Intelligent Process Automation Market

Continued…..

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