Intelligent Process Automation (IPA) Market Outlook 2027 By Deployment, Size, Share, Trends, Growth, Technology

According To TechSci Research, The global intelligent process automation (IPA) market is expected to grow at an impressive CAGR in the forecast period, 2023-2027. Increasing demand for innovative solutions to improve the business and streamline operations, increasing adoption of automation in various industries, and rising integration of novel technologies with automation technology are the key factors driving the growth of the global intelligent process automation market in the next five years.

Intelligent process automation is an emerging set of new technologies, including artificial intelligence, machine learning, computer vision, cognitive automation, and robotic process automation. The convergence of different technologies and next-generation tools to enhance business performance and assist workers by eliminating mundane, reliable, and repetitive tasks is expected to prove a great boon for organizations.

Increasing Awareness about Benefits of Intelligent Process Automation Technology Drives the Market Growth

Organizations are adopting emerging cutting-edge technologies and making high-end investments to improve the production volume. Intelligent process automation improves efficiency, reduces operational costs, and delivers a better customer experience. Machines mimic human actions and possess cognitive capabilities to effectively analyze vast amounts of structured and unstructured data to boost business and operational efficiency. The amalgamation of different technologies, including machine learning, deep learning, and artificial intelligence, to easily interact with multiple systems and create a personalized experience for customers by monitoring customer history is accelerating the demand for intelligent process automation technology by various end-user industries.

Companies are looking for advanced solutions to improve customer satisfaction and high customer retention rates. The adoption of intelligent process automation technology by organizations that use artificial intelligence to enable real-time interaction by the customers is acting as a positive factor for the market growth. These can handle dynamic customer needs and lower the need for human resources in organizations by offering virtual bots and services to their customers.

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Transformation towards Digital Workforce Supports the Market Growth

Prominent industries around the globe are actively investing in adopting digital platforms to do their primary work. High internet penetration and proliferation of smart devices in developing countries play a crucial role in driving the growth of the global intelligent automation process market. Digital platforms increase transparency and help evaluate, monitor and access employee progress. The advent of the latest technologies such as predictive maintenance, intelligent decision-making software, and solutions to ease the process and reap maximum benefits attracts organizations. The data collected is automatically entered into the system and plays a crucial role in optimizing the decision-making process. Small and medium-sized organizations are rapidly advancing towards digital platforms to maximize resources efficiently.

Market Segmentation

The global intelligent process automation market is segmented based on component, deployment, application, organization size, technology, industry vertical, company and regional distribution. Based on the component, the market is divided into in solution and services. Based on the deployment, the market is divided into on-premises and cloud. Based on the application, the market is divided into IT operations, business process automation, application management, content management, security, and others. Based on the organization size, the market is divided into small & medium-sized enterprises and large enterprises. Based on the technology, the market is divided into natural language processing, machine & deep learning, and others. Based on the industry vertical, the market is divided into BFSI, healthcare, telecommunications & IT, government & public sector, manufacturing, consumer goods & retail, media & entertainment, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, Asia-Pacific region, European region, South American region, and Middle East & African region.

Market Players

Accelirate, Inc., Blue Prism Group PLC, Dell EMC Corp., IBM Corporation, WorkFusion, UiPath, Inc., Kofax Inc., Pegasystems Inc., Salesforce.com Inc., SAP SE are the major market players leading the growth of global intelligent process automation market.

Attribute	Details
Base Year	2021
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	·         Component ·         Deployment ·         Application ·         Organization Size ·         Technology ·         Industry Vertical
Regional scope	North America; Asia Pacific; Europe; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Denmark; Brazil; Argentina; Colombia; Poland; Denmark; Saudi Arabia; South Africa; UAE; Iraq; Turkey
Key companies profiled	Accelirate, Inc., Blue Prism Group PLC, Dell EMC Corp., IBM Corporation, WorkFusion, UiPath, Inc., Kofax Inc., Pegasystems Inc., Salesforce.com Inc., SAP SE
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global intelligent process automation market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Intelligent Process Automation Market, By Component:
• Solution
• Services
• Intelligent Process Automation Market, By Deployment:
• On-premises
• Cloud
• Intelligent Process Automation Market, By Application:
• IT Operations
• Business Process Automation
• Application Management
• Content Management
• Security
• Others
• Intelligent Process Automation Market, By Organization Size:
• Small & Medium-Sized Enterprises
• Large Enterprises
• Intelligent Process Automation Market, By Technology:
• Natural Language Processing
• Machine & Deep Learning
• Others
• Intelligent Process Automation Market, By Industry Vertical:
• BFSI
• Healthcare
• Telecommunications & IT
• Government & Public Sector
• Manufacturing
• Consumer Goods & Retail
• Media & Entertainment
• Others
• Intelligent Process Automation Market, By Region:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Singapore
• Malaysia
• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Poland
• Denmark
• South America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Middle East & Africa

§  Saudi Arabia

§  South Africa

§  UAE

§  Iraq

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global intelligent process automation market.

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