PUBLISHER: TechSci Research | PRODUCT CODE: 1355077
PUBLISHER: TechSci Research | PRODUCT CODE: 1355077
Hyperautomation Market-Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Technical Type, By Deployment Type, By End User, By Region, Competition
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Hyperautomation Market is anticipated to grow at a robust pace in the forecast period, 2024-2028 due to the digitalization of conventional manufacturing plants and the rising use of automated manufacturing processes across many sectors. The fast expansion of digital transformation with advanced hyper automation approaches is also fueling market growth. Furthermore, an increase in automation demand because of increased digitization across various sectors is anticipated to be an opportune for market growth.
Due to the increasing demand for business automation, a digital process automation solution is most commonly utilized in organizations that require effective back-end processing administration. As a result, more businesses are being established, including BFSI firms, industrial industries, and internet merchants. The market is expanding as organizations embrace automation more quickly. By automating all the repetitive manual procedures traditionally performed by people, an organization may drastically speed up operations while minimizing mistakes. It is a combination of multiple automation tools that enable organizations to automate business processes, such as data analysis, decision-making, and process execution. The increasing demand for automation solutions to reduce human efforts, improve business processes, and increase customer experience are the primary factors driving the market growth. The increasing demand for automated cloud-based solutions and the rising need for cost-effective operations are some of the other factors driving market growth.
The growing use of automation in the industrial sector is projected to fuel the hyperautomation industry. The next generation of robots and automation technology provides a game-changing potential for the industrial industry to increase productivity, quality, safety, and cost parameters. It is something that manufacturers worldwide are aware of. Furthermore, increased robotic automation investment year over year is essentially widening the research market's emphasis.
| Market Overview | |
|---|---|
| Forecast Period | 2024-2028 |
| Market Size 2022 | USD 20.9 Billion |
| Market Size 2028 | USD 104.18 Billion |
| CAGR 2023-2028 | 30.55% |
| Fastest Growing Segment | Banking, Financial Services, and Insurance (BFSI) |
| Largest Market | North America |
Increased Use of Cloud-Based Technologies
Cloud-based technology use has risen dramatically in recent years throughout the world. Cloud-based software deployment is predicted to account for almost 80% of the worldwide information and communication technology market by 2023. Companies are expanding their investments in cloud technology in response to the growing demand to properly manage IT resources and improve data storage efficiency. Because of the integration of ML, AI, and RPA in organizational workflows, hyper automation has resulted in an exponential growth in data creation.
The emphasis on lowering data storage and maintenance costs is driving the use of cloud-based technologies, which is boosting the hyper automation industry.
Problems with Cloud Security and Network Transmission
Hyper automation depends largely on cloud-based services to lower total costs, and they are vulnerable to service degradation or control loss, data leakage, service loss including service interruption, or, in worst-case scenarios, monetary loss. To function properly, hyper automation requires a powerful network as well as communication services. Average network communication in places such as South America, Asia Pacific, and the Middle East and Africa is incompatible with the adoption of hyper automation in SMEs. The market's growth is being stifled by the low quality of network communication services as well as security risks.
Furthermore, the increasing trend of digitalization and the rising adoption of automation solutions to reduce operational costs are also driving the market growth. However, the lack of skilled professionals and the high cost associated with the implementation of hyperautomation are some of the factors restraining the market growth. The increasing demand for digital transformation is expected to create lucrative opportunities for the market.
Market Segmentation
Global Hyperautomation Market is segmented By Technical Type, By Deployment Type, By End User, Region and Competitive Landscape. Based on Technical Type, the market is segmented into Machine Learning, Biometrics, Context-Aware Computing, Natural Learning Generation, Chatbots, and Robotic Process Automation. Based on Deployment Type, the market is segmented into Cloud and On-Premise. Based on End User, the market is divided into BFSI, Retail, IT & Telecom, Education, Automotive, Manufacturing, and Healthcare.
Market players
Major market players in the global Hyperautomation market are UiPath Inc., Alteryx, Inc., SolveXia Pty Ltd, Automation Anywhere, Inc., Catalytic, Inc., Appian Corporation, Mitsubishi Electric Corporation, OneGlobe LLC, Allerin Tech Pvt. Ltd, Honeywell International Inc.
Report Scope
In this report, the Global Hyperautomation Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Hyperautomation Market, By Technical Type:
- Machine Learning
- Biometrics
- Context-Aware Computing
- Natural Learning Generation
- Chatbots
- Robotic Process Automation
Hyperautomation Market, By Deployment Type:
- Cloud
- On-Premise
Hyperautomation Market, By End User:
- BFSI
- Retail
- IT & Telecom
- Education
- Automotive
- Manufacturing
- Healthcare
Hyperautomation Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe
- Germany
- United Kingdom
- France
- Russia
- Switzerland
- Belgium
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Israel
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Hyperautomation Market.
Available Customizations
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Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Service Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Impact of COVID-19 on Global Hyperautomation Market
4. Executive Summary
5. Voice of Customers
6. Global Hyperautomation Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Technical Type (Machine Learning, Biometrics Context-Aware Computing, Natural Learning Generation, Chatbots, Robotic Process Automation)
- 6.2.2. By Deployment Type (Cloud, On-premise)
- 6.2.3. By End User (BFSI, Retail, IT & Telecom, Education, Automotive, Manufacturing, Healthcare)
- 6.2.4. By Region
- 6.3. By Company (2022)
- 6.4. Market Map
7. North America Hyperautomation Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Technical Type
- 7.2.2. By Deployment Type
- 7.2.3. By End User
- 7.2.4. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Hyperautomation Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Technical Type
- 7.3.1.2.2. By Deployment Type
- 7.3.1.2.3. By End User
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Canada Hyperautomation Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Technical Type
- 7.3.2.2.2. By Deployment Type
- 7.3.2.2.3. By End User
- 7.3.2.1. Market Size & Forecast
- 7.3.3. Mexico Hyperautomation Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Technical Type
- 7.3.3.2.2. By Deployment Type
- 7.3.3.2.3. By End User
- 7.3.3.1. Market Size & Forecast
- 7.3.1. United States Hyperautomation Market Outlook
8. Asia-Pacific Hyperautomation Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Technical Type
- 8.2.2. By Deployment Type
- 8.2.3. By End User
- 8.2.4. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Hyperautomation Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Technical Type
- 8.3.1.2.2. By Deployment Type
- 8.3.1.2.3. By End User
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India Hyperautomation Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Technical Type
- 8.3.2.2.2. By Deployment Type
- 8.3.2.2.3. By End User
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Japan Hyperautomation Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Technical Type
- 8.3.3.2.2. By Deployment Type
- 8.3.3.2.3. By End User
- 8.3.3.1. Market Size & Forecast
- 8.3.4. South Korea Hyperautomation Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Technical Type
- 8.3.4.2.2. By Deployment Type
- 8.3.4.2.3. By End User
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Australia Hyperautomation Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Technical Type
- 8.3.5.2.2. By Deployment Type
- 8.3.5.2.3. By End User
- 8.3.5.1. Market Size & Forecast
- 8.3.6. Singapore Hyperautomation Market Outlook
- 8.3.6.1. Market Size & Forecast
- 8.3.6.1.1. By Value
- 8.3.6.2. Market Share & Forecast
- 8.3.6.2.1. By Technical Type
- 8.3.6.2.2. By Deployment Type
- 8.3.6.2.3. By End User
- 8.3.6.1. Market Size & Forecast
- 8.3.7. Malaysia Hyperautomation Market Outlook
- 8.3.7.1. Market Size & Forecast
- 8.3.7.1.1. By Value
- 8.3.7.2. Market Share & Forecast
- 8.3.7.2.1. By Technical Type
- 8.3.7.2.2. By Deployment Type
- 8.3.7.2.3. By End User
- 8.3.7.1. Market Size & Forecast
- 8.3.1. China Hyperautomation Market Outlook
9. Europe Hyperautomation Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Technical Type
- 9.2.2. By Deployment Type
- 9.2.3. By End User
- 9.2.4. By Country
- 9.3. Europe: Country Analysis
- 9.3.1. Germany Hyperautomation Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Technical Type
- 9.3.1.2.2. By Deployment Type
- 9.3.1.2.3. By End User
- 9.3.1.1. Market Size & Forecast
- 9.3.2. United Kingdom Hyperautomation Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Technical Type
- 9.3.2.2.2. By Deployment Type
- 9.3.2.2.3. By End User
- 9.3.2.1. Market Size & Forecast
- 9.3.3. France Hyperautomation Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Technical Type
- 9.3.3.2.2. By Deployment Type
- 9.3.3.2.3. By End User
- 9.3.3.1. Market Size & Forecast
- 9.3.4. Russia Hyperautomation Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Technical Type
- 9.3.4.2.2. By Deployment Type
- 9.3.4.2.3. By End User
- 9.3.4.1. Market Size & Forecast
- 9.3.5. Switzerland Hyperautomation Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Technical Type
- 9.3.5.2.2. By Deployment Type
- 9.3.5.2.3. By End User
- 9.3.5.1. Market Size & Forecast
- 9.3.6. Belgium Hyperautomation Market Outlook
- 9.3.6.1. Market Size & Forecast
- 9.3.6.1.1. By Value
- 9.3.6.2. Market Share & Forecast
- 9.3.6.2.1. By Technical Type
- 9.3.6.2.2. By Deployment Type
- 9.3.6.2.3. By End User
- 9.3.6.1. Market Size & Forecast
- 9.3.7. Italy Hyperautomation Market Outlook
- 9.3.7.1. Market Size & Forecast
- 9.3.7.1.1. By Value
- 9.3.7.2. Market Share & Forecast
- 9.3.7.2.1. By Technical Type
- 9.3.7.2.2. By Deployment Type
- 9.3.7.2.3. By End User
- 9.3.7.1. Market Size & Forecast
- 9.3.1. Germany Hyperautomation Market Outlook
10. South America Hyperautomation Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Technical Type
- 10.2.2. By Deployment Type
- 10.2.3. By End User
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Hyperautomation Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Technical Type
- 10.3.1.2.2. By Deployment Type
- 10.3.1.2.3. By End User
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Argentina Hyperautomation Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Technical Type
- 10.3.2.2.2. By Deployment Type
- 10.3.2.2.3. By End User
- 10.3.2.1. Market Size & Forecast
- 10.3.3. Colombia Hyperautomation Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Technical Type
- 10.3.3.2.2. By Deployment Type
- 10.3.3.2.3. By End User
- 10.3.3.1. Market Size & Forecast
- 10.3.4. Peru Hyperautomation Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Technical Type
- 10.3.4.2.2. By Deployment Type
- 10.3.4.2.3. By End User
- 10.3.4.1. Market Size & Forecast
- 10.3.5. Chile Hyperautomation Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.1.1. By Value
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Technical Type
- 10.3.5.2.2. By Deployment Type
- 10.3.5.2.3. By End User
- 10.3.5.1. Market Size & Forecast
- 10.3.1. Brazil Hyperautomation Market Outlook
11. Middle East & Africa Hyperautomation Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Technical Type
- 11.2.2. By Deployment Type
- 11.2.3. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. Saudi Arabia Hyperautomation Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Technical Type
- 11.3.1.2.2. By Deployment Type
- 11.3.1.2.3. By End User
- 11.3.1.1. Market Size & Forecast
- 11.3.2. South Africa Hyperautomation Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Technical Type
- 11.3.2.2.2. By Deployment Type
- 11.3.2.2.3. By End User
- 11.3.2.1. Market Size & Forecast
- 11.3.3. UAE Hyperautomation Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Technical Type
- 11.3.3.2.2. By Deployment Type
- 11.3.3.2.3. By End User
- 11.3.3.1. Market Size & Forecast
- 11.3.4. Israel Hyperautomation Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Technical Type
- 11.3.4.2.2. By Deployment Type
- 11.3.4.2.3. By End User
- 11.3.4.1. Market Size & Forecast
- 11.3.5. Turkey Hyperautomation Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Technical Type
- 11.3.5.2.2. By Deployment Type
- 11.3.5.2.3. By End User
- 11.3.5.1. Market Size & Forecast
- 11.3.1. Saudi Arabia Hyperautomation Market Outlook
12. Market Dynamics
- 12.1. Drivers
- 12.1.1. Increased use of cloud-based technologies.
- 12.1.2. Increasing Need to Cut Operating Costs.
- 12.2. Challenges
- 12.2.1. Problems with Cloud Security and Network Transmission.
- 12.2.2. Risks associated with new technologies.
13. Market Trends & Developments
- 13.1. Expanding applications of RPA and AI.
- 13.2. Rising need for automation in manufacturing processes.
- 13.3. development of advanced analytics tools, such as data analytics.
14. Company Profiles
- 14.1. UiPath Inc.
- 14.1.1. Business Overview
- 14.1.2. Key Revenue and Financials
- 14.1.3. Recent Developments
- 14.1.4. Key Personnel
- 14.1.5. Key Product/End-user Industry
- 14.2. Alteryx, Inc.
- 14.2.1. Business Overview
- 14.2.2. Key Revenue and Financials
- 14.2.3. Recent Developments
- 14.2.4. Key Personnel
- 14.2.5. Key Product/Services
- 14.3. SolveXia Pty Ltd
- 14.3.1. Business Overview
- 14.3.2. Key Revenue and Financials
- 14.3.3. Recent Developments
- 14.3.4. Key Personnel
- 14.3.5. Key Product/Services
- 14.4. Automation Anywhere, Inc.
- 14.4.1. Business Overview
- 14.4.2. Key Revenue and Financials
- 14.4.3. Recent Developments
- 14.4.4. Key Personnel
- 14.4.5. Key Product/Services
- 14.5. Catalytic, Inc.
- 14.5.1. Business Overview
- 14.5.2. Key Revenue and Financials
- 14.5.3. Recent Developments
- 14.5.4. Key Personnel
- 14.5.5. Key Product/Services
- 14.6. Appian Corporation
- 14.6.1. Business Overview
- 14.6.2. Key Revenue and Financials
- 14.6.3. Recent Developments
- 14.6.4. Key Personnel
- 14.6.5. Key Product/Services
- 14.7. Mitsubishi Electric Corporation
- 14.7.1. Business Overview
- 14.7.2. Key Revenue and Financials
- 14.7.3. Recent Developments
- 14.7.4. Key Personnel
- 14.7.5. Key Product/Services
- 14.8. OneGlobe LLC
- 14.8.1. Business Overview
- 14.8.2. Key Revenue and Financials
- 14.8.3. Recent Developments
- 14.8.4. Key Personnel
- 14.8.5. Key Product/Services
- 14.9. Allerin Tech Pvt. Ltd
- 14.9.1. Business Overview
- 14.9.2. Key Revenue and Financials
- 14.9.3. Recent Developments
- 14.9.4. Key Personnel
- 14.9.5. Key Product/Services
- 14.10. Honeywell International Inc
- 14.10.1. Business Overview
- 14.10.2. Key Revenue and Financials
- 14.10.3. Recent Developments
- 14.10.4. Key Personnel
- 14.10.5. Key Product/Services
15. Strategic Recommendations
16. About Us & Disclaimer
