The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Growth Trajectory of Intelligent Process Automation

• The intelligent process automation market has experienced rapid growth, from $14.36 billion in 2023 to $16.38 billion in 2024, with a CAGR of 14.1%.
• Factors driving historic growth include digital transformation initiatives, cost efficiency, productivity enhancements, data analytics integration, and regulatory compliance.
• Forecasted growth to $29 billion in 2028 with a CAGR of 15.3% attributed to AI-powered automation, cloud-based solutions, enhanced customer experiences, and remote workforce support.
• Anticipated trends include adaptive automation, human-AI collaboration, cloud deployment, industry-specific solutions, and process mining.

The Surge of Intelligent Process Automation in Industrial Automation

• Rising industrial automation is expected to drive intelligent process automation market growth.
• Automation minimizes human input and enhances workforce productivity across various industries.
• Statistics indicate a significant surge in global spending on marketing automation and expectations of substantial automation in manufacturing processes by 2022.
• This surge underscores the pivotal role of automation across industries in fueling the growth of intelligent process automation.

Leading Players Shaping the Landscape

• Major companies like HCL Technologies, Pegasystems Inc., and Cognizant are pivotal players in the intelligent process automation market.
• These companies drive innovation and offer comprehensive solutions to meet evolving industry demands.

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Cloud4C’s Hyper-Automation Solution: Setting the Benchmark

• Hyper-automation adoption emerges as a key trend in the market.
• Cloud4C introduces a turnkey hyper-automation solution integrating RPA, AI, ML, process analytics, and mining.
• This solution enables end-to-end process transformation, automation of complex tasks, and strategic scaling across enterprises.
• Cloud4C’s innovation showcases the potential of hyper-automation to revolutionize business operations.

SS&C Technologies’ Strategic Acquisition Fuels Expansion

• In March 2022, SS&C Technologies acquired Blue Prism Group PLC for $1.6 billion.
• This acquisition enhances SS&C Technologies’ product portfolio and service reach, particularly in Europe.
• Blue Prism Group PLC brings expertise in robotics and intelligent process automation systems, enriching SS&C’s offerings in financial and healthcare sectors.

Market Segmentation for Targeted Solutions

• Segmented by Offering: Platform, Solution, Services.
• Technology segmentation includes Natural Language Processing, Machine and Deep Learning, Virtual Agents, among others.
• Deployment modes encompass On-Premises and Cloud solutions.
• Catering to Large Enterprises and SMEs across various verticals like BFSI, Manufacturing, Healthcare, and more.

Regional Insights

• North America dominated the intelligent process automation market in 2023.
• This regional dominance reflects the technological advancements and adoption rates prevalent in the region.

Conclusion: Driving Efficiency and Innovation

The intelligent process automation market stands at the forefront of digital transformation, driving efficiency and innovation across industries. As automation becomes increasingly integral to business operations, the market continues to witness remarkable growth. Pioneering solutions like hyper-automation and strategic acquisitions redefine industry landscapes, offering unparalleled opportunities for businesses to streamline processes and enhance productivity. With a focus on adaptability, collaboration, and cutting-edge technology, the future of intelligent process automation promises transformative solutions that redefine the way businesses operate in the digital age.

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The Intelligent Process Automation Global Market Report 2024  provides comprehensive insights on the intelligent process automation market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the intelligent process automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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