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Report
Global Hyper Automation Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 167 Pages I EMR Inc.
Global Hyper Automation Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the hyper automation market size reached a value of USD 45.27 billion in 2023. Aided by the increasing demand for advanced automation solutions and the growing applications of hyper automation in various sectors, the market is projected to further grow at a CAGR of 16.5% between 2024 and 2032 to reach a value of USD 179.80 billion by 2032.
Hyper automation refers to the use of advanced technologies, including artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and other digital tools, to automate complex business processes and enhance operational efficiency. Unlike traditional automation, which focuses on automating specific tasks, hyper automation aims to automate entire workflows and business processes, resulting in higher levels of efficiency, accuracy, and scalability.
The increasing demand for advanced automation solutions is driving the hyper automation market growth. With the rising need for businesses to improve operational efficiency and reduce costs, there has been a significant shift towards the adoption of hyper automation technologies. Additionally, the growing complexity of business processes and the need for real-time data analysis have further contributed to the increasing popularity of hyper automation solutions.
The expanding applications of hyper automation in various sectors also play a significant role in propelling the hyper automation market development. In the manufacturing sector, hyper automation is used to streamline production processes, reduce downtime, and improve product quality. The healthcare industry utilises hyper automation for tasks such as patient data management, diagnostics, and administrative processes. Moreover, the financial services sector benefits from hyper automation in areas such as fraud detection, customer service, and regulatory compliance.
Further, the growing focus on digital transformation and the adoption of cloud-based technologies have led to an increased demand for hyper automation solutions. As businesses increasingly shift towards digital operations, the need for scalable and flexible automation solutions has become more pronounced. This trend is expected to boost the hyper automation market expansion in the coming years.
As per the hyper automation market analysis, North America is a significant market for hyper automation, driven by the high adoption of advanced automation technologies and the presence of leading technology providers. The region's focus on digital transformation and innovation is also supporting market growth.
The Asia-Pacific region is expected to witness significant growth in the market, owing to the rapid digital transformation, increasing adoption of automation technologies, and rising investments in AI and ML. Countries such as China, India, and Japan are major contributors to the market growth in this region.
The Middle East and Africa region is experiencing growing demand for hyper automation solutions, particularly in the manufacturing, healthcare, and financial services sectors. The region's emphasis on digital transformation and innovation is boosting the adoption of hyper automation technologies, consequently driving up the hyper automation market share.
Market Segmentation
The market can be divided based on component, function, technology, enterprise size, end use, and region
Market Breakup by Component
- Software
- Hardware
- Services
Market Breakup by Function
- Finance and Accounting
- Human Resource (HR)
- Marketing and Sales
- Operations and Supply Chain
- Information Technology (IT)
Market Breakup by Technology
- Biometrics
- Computer Vision
- Chatbots
- Context-Aware Computing
- Machine Learning
- Natural Language Generation (NLG)
- Robotic Process Automation
Market Breakup by Enterprise Size
- Large-Size Enterprises
- Small and Medium-size Enterprises (SMEs)
Market Breakup by End Use
- Automotive
- BFSI
- Healthcare
- IT and Telecommunication
- Manufacturing
- Retail
- Transpor
Market Breakup by Region
- North America
- Europe
- Middle East and Africa
- Asia Pacific
- Latin America
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in hyper automation market. some of the major players explored in the report by expert market research are as follows:
- Appian Corporation
- UiPath
- Wipro Limited
- IBM Corporation
- Automation Anywhere, Inc.
- SolveXia Pty Ltd.
- OneGlobe LLC
- Simple Fractal
- ElectroNeek Robotics Inc.
- Digital Catalyst LLC
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hyper Automation Market Analysis
8.1 Key Industry Highlights
8.2 Global Hyper Automation Historical Market (2018-2023)
8.3 Global Hyper Automation Market Forecast (2024-2032)
8.4 Global Hyper Automation Market by Component
8.4.1 Software
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hardware
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Hyper Automation Market by Function
8.5.1 Finance and Accounting
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Human Resource (HR)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Marketing and Sales
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Operations and Supply Chain
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Information Technology (IT)
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.6 Global Hyper Automation Market by Technology
8.6.1 Biometrics
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Computer Vision
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Chatbots
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Context-Aware Computing
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Machine Learning
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Natural Language Generation (NLG)
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Robotic Process Automation
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.7 Global Hyper Automation Market by Enterprise Size
8.7.1 Large-Size Enterprises
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Small and Medium-size Enterprises (SMEs)
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Hyper Automation Market by End Use
8.8.1 Automotive
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 BFSI
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Healthcare
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 IT and Telecommunication
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Manufacturing
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Retail
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Transportation and Logistics
8.8.7.1 Historical Trend (2018-2023)
8.8.7.2 Forecast Trend (2024-2032)
8.8.8 Others
8.9 Global Hyper Automation Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Hyper Automation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hyper Automation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hyper Automation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hyper Automation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hyper Automation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Appian Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 UiPath
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Wipro Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 IBM Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Automation Anywhere, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 SolveXia Pty Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 OneGlobe LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Simple Fractal
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 ElectroNeek Robotics Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Digital Catalyst LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hyper Automation Market: Key Industry Highlights, 2018 and 2032
2. Global Hyper Automation Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Hyper Automation Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Hyper Automation Historical Market: Breakup by Function (USD Billion), 2018-2023
5. Global Hyper Automation Market Forecast: Breakup by Function (USD Billion), 2024-2032
6. Global Hyper Automation Historical Market: Breakup by Technology (USD Billion), 2018-2023
7. Global Hyper Automation Market Forecast: Breakup by Technology (USD Billion), 2024-2032
8. Global Hyper Automation Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
9. Global Hyper Automation Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
10. Global Hyper Automation Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
11. Global Hyper Automation Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
12. Global Hyper Automation Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Hyper Automation Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Hyper Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Hyper Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Hyper Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Hyper Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Hyper Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Hyper Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Hyper Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Hyper Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Hyper Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Hyper Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Hyper Automation Market Structure
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