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Allied Market Research

Hyper Automation Market by Technology Type (Biometrics, Context–Aware Computing, Natural Learning Generation, Chatbots, Machine Learning, and Robotic Process Automation), Organizational Size (Small and Medium Enterprise, Large Enterprise), and Industry Vertical (IT & Telecom, BFSI, Manufacturing, Retail, Education, Automotive, and Healthcare & Life Science): Global Opportunity Analysis and Industry Forecast, 2020–2027

A08882
Pages: NA
Jun 2021 | 332 Views
 
Author(s) : NA
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Hyper Automation Market Insight

Hyper automation market deals with the application of advanced technologies, including artificial intelligence (AI) and machine learning (ML), to automate processes and augment human activity. Hyper-automation is based on the range of tools that can be automated and it also refers to sophistication of the automation i.e., analyses, design, discover, measure, monitor, automate, and reassess. In addition to this, it provides a high-speed route to engaging everyone in transforming the business, supported by automating more and more complex work that relies on knowledge inputs from people. 

Hyper Automation Market Scope and Structure Analysis:

Report Matric

Details

  Market size available for the years

  2019-2027

  Base year considered

  2019

  Forecast period

  2020-2027

  Forecast unit

  Value (USD)

  Segments covered

  • Technology Type
  • Organizational Size
  • Industry Vertical
  • Region

  Regions covered

  • North America (U.S. and Canada),
  • Europe (Germany, UK, France, and Rest of Europe),
  • Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific).
  • LAMEA (Latin America, Middle East, and Africa)

  Companies covered

 

  1. Tata consultancy services Ltd.
  2. Automation anywhere Inc.
  3. Wipro Ltd.
  4. Allerin tech Pvt. ltd.
  5. OneGlobe LLC
  6. Mitsubishi Electric Corp.
  7. Infosys Ltd.
  8. Catalytic Inc.
  9. Solvexis Ltd.
  10. Appian Corp.

 

Impact of COVID-19 on Hyper Automation Market

  • The COVID-19 pandemic has acted as a catalyst for the development of automation technologies by global and Indian companies, especially in the area of drones for the purpose of surveillance and medicine delivery, Indian IT industry. 
  • The unprecedented economic impact of COVID-19 on demand and supply, along with implications on geopolitics, and globalization, will influence the future of automation. 
  • The coronavirus pandemic may drive enhancement of automation digitalization and artificial intelligence (AI) in the automobile sector in post COVID era in order to improve resilience to future pandemics. 
  • In a situation like this automation and robotics could reduce dependence on human labor and increase productivity, preventing the chances of future plant shutdowns. In addition to this, IoT, AI and digitalization will become extremely relevant going forward and are going to define the new way of working. Thus, increasing the opportunities for the hyper automation market in the upcoming years. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis 

Numerous factors such as growth in digitalization, rise in the demand for the automation in the manufacturing processes, reduce operational cost, improved efficiency are some of the key driving factor for this market. However, lack of skilled workforce and, high initial cost for the automation system in hyper automation may restrain the growth of the hyper automation market globally. Furthermore, increased penetration towards automation, rise in the demand of precise, increased return on investment and accuracy in various industry is creating growth opportunity in the global hyper automation market globally.

Increase in return on investments:

Hyper automation provides access to the improve analytics data and thus enterprise would also be able to ensure that they deliver the return on investment on time and with high accuracy. In addition to this, return on investment also helps to analyze how marketing efforts are impacting in improving and getting the positive results and which is one of the major goals of almost every organization and thus, due to the improved analytics for return on the investment is driving the growth of the market. 

Lack of skilled manpower in the hyper automation: 

The lack of skilled manpower and lack of training is currently the major challenge currently facing by many industries. Organization does not have complete awareness where the automation is required in the business but still implementing the trend blindly which may in turn results disaster. As skilled manpower and proper training plays a crucial role in the implementation of advance tools such as artificial intelligence, natural language processing and machine learning and thus lack of proper training may hinder the growth of the market. 

Rise in demand for automation in the construction industry: 

The technology is developing and every sector is trying to update itself with the evolving technology. Construction safety hyper automation helps the enterprises to uncover safety violations so that it should not become accidents or liabilities. The hyper automation also helps to ensure onsite workers are in accurate pedestrian walking lanes, confirms the security of safety equipment and also it is being worn all the times and also provides real time data of job sites behavior so that the adjustments can be made on the data and not speculations and thus integration and high adoption of automation in the construction as well as other industries are expected to boost the opportunity for the market. 

Key Segments covered:

Segments

Subsegments

  Technology Type

  • Biometrics
  • Context –aware computing
  • Natural learning Generation
  • Chatbots
  • Machine learning
  • Robotic process automation

  Organizational Size  

  • Small & Medium Enterprise
  • Large Enterprise

  Industry Vertical  

  • IT & Telecom
  • BFSI
  • Manufacturing
  • Retail
  • Automotive
  • Healthcare & Life science

 

Key benefits of the report:

  • This study presents the analytical depiction of the global hyper automation market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global hyper automation market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global hyper automation market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed hyper automation market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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