Intelligent Process Automation Market by Component (Solution and Service), Deployment (On-Premise and Cloud), Organisation Size (Large Size Organization and Small Size Organization), Technology (Natural Language Processing, Machine and Deep Learning, Neural Networks, Virtual Agents, Mini Bots, Computer Vision, and Others), Application (Enterprise Content Management, Business Process Management, Customer Experience Management, Business Intelligence and Analytics, Enterprise Mobility and Others.), Industry Vertical (Financial, Telecommunication, Technology, Education and Healthcare): -Global Opportunity Analysis and Industry Forecast, 2019–2026
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A05549
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May 2020 |
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Intelligent Process Automation Market Outlook: 2026
Intelligent process automation is the application of artificial intelligence and related new technologies, which include computer vision, cognitive automation, machine learning, and robotic process automation. It is integration of machine learning and robotic process automation, which assists the human work and has the tendency to improve over a period without any command. Intelligent process automation consists of five technologies. These include robotics process automation, smart workflow, machine learning, natural language generation, and cognitive agents.
Increased adoption rate of automation processes to transform workplaces drives the growth of the intelligent process automation market. In addition, the rise in investment by small firms in digital transformation and growth in adoption due to faster decision-making ability across the organization are the major factors which fuel the growth of the intelligent process automation market. However, high implementation cost and difficulty to penetrate in underdeveloped and low literacy rate regions hamper the growth of the market. Furthermore, development of a unified intelligent automation tool and building of digital workforces is anticipated to provide major opportunities in the intelligent process automation market.
The intelligent process automation market is segmented based on component, deployment mode, organization size, technology, application, industry vertical and region. In terms of component, the market is bifurcated into solution and service. As per deployment mode, the market is segmented into cloud and on-premise. Based on technology, the market is segmented into natural language processing, machine and deep learning, neural networks, virtual agents, mini bots, computer vision, and others. In terms of application, the market is categorized into enterprise content management, business process management, customer experience management, business intelligence and analytics, enterprise mobility, others. As per industry vertical, the intelligent process automation market is segmented into BFSI, IT & telecom, automotive, education, retail, agriculture, healthcare and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the intelligent process automation market analysis are IBM Corporation, Atos, Tech Mahindra Limited, Accenture PLC, Tata Consultancy Services Limited, Infosys Limited, Capgemini SE, Cognizant, Genpact, and Xerox Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of global intelligent process automation market size along with current trends & future estimations to elucidate the imminent investment pockets.
- Information about the key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global intelligent process automation market share from 2018 to 2026 is provided to determine the market potential.
KEY MARKET SEGMENTS
By Component
- Service
- Solution
By Deployment Mode
- Cloud
- On-premise
By Organization Size
- Large Enterprises
- SMEs
By Technology
- Natural Language Processing
- Machine & Deep Learning
- Neural Networks
- Virtual Agents
- Mini Bots
- Computer Vision
- Others.
By Application
- Enterprise Content Management
- Business Process Management
- Customer Experience Management
- Business Intelligence &Analytics
- Enterprise Mobility
- Others
By Industry Vertical
- BFSI
- IT & Telecom
- Automotive
- Education
- Retail
- Agriculture
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
- IBM Corporation
- Atos
- Tech Mahindra Limited
- Accenture PLC
- Tata Consultancy Services Limited
- Infosys Limited
- Capgemini SE
- Cognizant
- Genpact
- Xerox Corporation
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