Hyperautomation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Technical Type (Machine Learning, Biometrics, Context-Aware Computing, Natural Learning Generation, Chatbots, Robotic Process Automation), By Deployment Type (Cloud, On-Premise), By End User (BFSI, Retail, IT & Telecom, Education, Automotive, Manufacturing, Healthcare), By Region, Competition

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Summary

Report Description

Hyperautomation Market is anticipated to grow at a CAGR of 30.55% through forecast period, 2024-2028 due to the digitalization of conventional manufacturing plants and the rising use of automated manufacturing processes across many sectors. The fast expansion of digital transformation with advanced hyper automation approaches is also fueling market growth. Furthermore, an increase in automation demand because of increased digitization across various sectors is anticipated to be an opportune for market growth.

Due to the increasing demand for business automation, a digital process automation solution is most commonly utilized in organizations that require effective back-end processing administration. As a result, more businesses are being established, including BFSI firms, industrial industries, and internet merchants. The market is expanding as organizations embrace automation more quickly. By automating all the repetitive manual procedures traditionally performed by people, an organization may drastically speed up operations while minimizing mistakes. It is a combination of multiple automation tools that enable organizations to automate business processes, such as data analysis, decision-making, and process execution.  The increasing demand for automation solutions to reduce human efforts, improve business processes, and increase customer experience are the primary factors driving the market growth. The increasing demand for automated cloud-based solutions and the rising need for cost-effective operations are some of the other factors driving market growth.

The growing use of automation in the industrial sector is projected to fuel the hyperautomation industry. The next generation of robots and automation technology provides a game-changing potential for the industrial industry to increase productivity, quality, safety, and cost parameters. It is something that manufacturers worldwide are aware of. Furthermore, increased robotic automation investment year over year is essentially widening the research market's emphasis.

Increased Use of Cloud-Based Technologies

Cloud-based technology use has risen dramatically in recent years throughout the world. Cloud-based software deployment is predicted to account for almost 80% of the worldwide information and communication technology market by 2023. Companies are expanding their investments in cloud technology in response to the growing demand to properly manage IT resources and improve data storage efficiency. Because of the integration of ML, AI, and RPA in organizational workflows, hyper automation has resulted in an exponential growth in data creation.

The emphasis on lowering data storage and maintenance costs is driving the use of cloud-based technologies, which is boosting the hyper automation industry.

Problems with Cloud Security and Network Transmission

Hyper automation depends largely on cloud-based services to lower total costs, and they are vulnerable to service degradation or control loss, data leakage, service loss including service interruption, or, in worst-case scenarios, monetary loss. To function properly, hyper automation requires a powerful network as well as communication services. Average network communication in places such as South America, Asia Pacific, and the Middle East and Africa is incompatible with the adoption of hyper automation in SMEs. The market's growth is being stifled by the low quality of network communication services as well as security risks.

Furthermore, the increasing trend of digitalization and the rising adoption of automation solutions to reduce operational costs are also driving the market growth.  However, the lack of skilled professionals and the high cost associated with the implementation of hyperautomation are some of the factors restraining the market growth. The increasing demand for digital transformation is expected to create lucrative opportunities for the market.


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Market Segmentation

Global Hyperautomation Market is segmented By Technical Type, By Deployment Type, By End User, Region and Competitive Landscape. Based on Technical Type, the market is segmented into Machine Learning, Biometrics, Context-Aware Computing, Natural Learning Generation, Chatbots, and Robotic Process Automation. Based on Deployment Type, the market is segmented into Cloud and On-Premise. Based on End User, the market is divided into BFSI, Retail, IT & Telecom, Education, Automotive, Manufacturing, and Healthcare.

Market players

Major market players in the global Hyperautomation market are UiPath, Alteryx, SolveXia, Automation Anywhere, Catalytic Inc, Appian, Mitsubishi Electric Corporation, OneGlobe LLC, Allerin Tech Pvt. Ltd, Honeywell International Inc.

Recent Development

  • November 2022-The e.IQ 5.0 - Nile Edition has been released to enhance the platform's capabilities for creating automated business applications at scale. Process orchestration, data and event processing, AI/ML, corporate integrations, and front-end application development are among the capabilities, which all employ a simple low-code/no-code interface. This release enhances the hyper-automation enablement platform, providing a taxonomy builder for multilevel taxonomy management that spans business domains. It also offers a unified data experience, transforming data into useful information for automating decisions quickly.
  • In September 2022, UiPath, a producer of corporate automation software, and OutSystems, a global player in high-performance application development, announced a partnership to combine the strength of the UiPath Business Automation Platform with OutSystems high-performance low-code. They will enable customers to automate critical business processes and applications intelligently and securely, resulting in time savings, enhanced productivity, and innovative app experiences.


Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Technical Type

By Deployment Type

By End User

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; Russia, Switzerland; Belgium; Italy, Brazil; Colombia; Argentina; Peru; Chile, Saudi Arabia; South Africa; UAE; Israel; Turkey

Key companies profiled

UiPath, Alteryx, SolveXia , Automation Anywhere, Catalytic Inc, Appian, Mitsubishi Electric Corporation,  OneGlobe LLC,  Allerin Tech Pvt. Ltd, Honeywell International Inc.

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, the Global Hyperautomation Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

          ·         Hyperautomation Market, By Technical Type:

o   Machine Learning

o   Biometrics

o   Context-Aware Computing

o   Natural Learning Generation

o   Chatbots

o   Robotic Process Automation

         ·         Hyperautomation Market, By Deployment Type:

o   Cloud

o   On-Premise

         ·         Hyperautomation Market, By End User:

o   BFSI

o   Retail

o   IT & Telecom

o   Education

o   Automotive

o   Manufacturing

o   Healthcare

        ·         Hyperautomation Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§   India

§   China

§   Japan

§   South Korea

§   Australia

§   Singapore

§   Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Switzerland

§  Belgium

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East & Africa

§  Saudi Arabia

§  South Africa

§  UAE

§  Israel

§  Turkey

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Hyperautomation Market.

Available Customizations:

 Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
The Global Hyperautomation is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.   Markets Covered

1.2.2.   Years Considered for Study

1.2.3.   Key Market Segmentations

2.    Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Key Industry Partners

2.4.    Major Association and Secondary Sources

2.5.    Forecasting Methodology

2.6.    Data Triangulation & Validation

2.7.    Assumptions and Limitations

3.    Impact of COVID-19 on Global Hyperautomation Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

6.    Global Hyperautomation Market Outlook

6.1.  Market Size & Forecast

6.1.1.  By Value

6.2.  Market Share & Forecast

6.2.1.  By Technical Type (Machine Learning, Biometrics Context-Aware Computing, Natural Learning Generation, Chatbots, Robotic Process Automation)

6.2.2.  By Deployment Type (Cloud, On-premise)

6.2.3.  By End User (BFSI, Retail, IT & Telecom, Education, Automotive, Manufacturing, Healthcare)

6.2.4.  By Region

6.2.5.  By Company

6.3.  Market Map

7.    North America Hyperautomation Market Outlook

7.1.  Market Size & Forecast

7.1.1.  By Value

7.2.  Market Share & Forecast

7.2.1.  By Technical Type

7.2.2.  By Deployment Type

7.2.3.  By End User

7.2.4.  By Country

7.3.  North America: Country Analysis

7.3.1.  United States Hyperautomation Market Outlook

7.3.1.1.     Market Size & Forecast

7.3.1.1.1.    By Value 

7.3.1.2.     Market Share & Forecast

7.3.1.2.1.    By Technical Type

7.3.1.2.2.    By Deployment Type

7.3.1.2.3.    By End User

7.3.2.  Canada Hyperautomation Market Outlook

7.3.2.1.     Market Size & Forecast

7.3.2.1.1.    By Value 

7.3.2.2.     Market Share & Forecast

7.3.2.2.1.    By Technical Type

7.3.2.2.2.    By Deployment Type

7.3.2.2.3.    By End User

7.3.3.  Mexico Hyperautomation Market Outlook

7.3.3.1.     Market Size & Forecast

7.3.3.1.1.    By Value 

7.3.3.2.     Market Share & Forecast

7.3.3.2.1.    By Technical Type

7.3.3.2.2.    By Deployment Type

7.3.3.2.3.    By End User

8.    Asia-Pacific Hyperautomation Market Outlook

8.1.  Market Size & Forecast

8.1.1.  By Value

8.2.  Market Share & Forecast

8.2.1.  By Technical Type

8.2.2.  By Deployment Type

8.2.3.  By End User

8.2.4.  By Country

8.3.Asia-Pacific: Country Analysis

8.3.1.  China Hyperautomation Market Outlook

8.3.1.1.     Market Size & Forecast

8.3.1.1.1.    By Value 

8.3.1.2.     Market Share & Forecast

8.3.1.2.1.    By Technical Type

8.3.1.2.2.    By Deployment Type

8.3.1.2.3.    By End User

8.3.2.  India Hyperautomation Market Outlook

8.3.2.1.     Market Size & Forecast

8.3.2.1.1.    By Value 

8.3.2.2.     Market Share & Forecast

8.3.2.2.1.    By Technical Type

8.3.2.2.2.    By Deployment Type

8.3.2.2.3.    By End User

8.3.3.  Japan Hyperautomation Market Outlook

8.3.3.1.     Market Size & Forecast

8.3.3.1.1.    By Value 

8.3.3.2.     Market Share & Forecast

8.3.3.2.1.    By Technical Type

8.3.3.2.2.    By Deployment Type

8.3.3.2.3.    By End User

8.3.4.  South Korea Hyperautomation Market Outlook

8.3.4.1.     Market Size & Forecast

8.3.4.1.1.    By Value 

8.3.4.2.     Market Share & Forecast

8.3.4.2.1.    By Technical Type

8.3.4.2.2.    By Deployment Type

8.3.4.2.3.    By End User

8.3.5.  Australia Hyperautomation Market Outlook

8.3.5.1.     Market Size & Forecast

8.3.5.1.1.    By Value 

8.3.5.2.     Market Share & Forecast

8.3.5.2.1.    By Technical Type

8.3.5.2.2.    By Deployment Type

8.3.5.2.3.    By End User

8.3.6.  Singapore Hyperautomation Market Outlook

8.3.6.1.     Market Size & Forecast

8.3.6.1.1.    By Value 

8.3.6.2.     Market Share & Forecast

8.3.6.2.1.    By Technical Type

8.3.6.2.2.    By Deployment Type

8.3.6.2.3.    By End User

8.3.7.  Malaysia Hyperautomation Market Outlook

8.3.7.1.     Market Size & Forecast

8.3.7.1.1.    By Value 

8.3.7.2.     Market Share & Forecast

8.3.7.2.1.    By Technical Type

8.3.7.2.2.    By Deployment Type

8.3.7.2.3.    By End User

9.    Europe Hyperautomation Market Outlook

9.1.  Market Size & Forecast

9.1.1.  By Value

9.2.  Market Share & Forecast

9.2.1.  By Technical Type

9.2.2.  By Deployment Type

9.2.3.  By End User

9.3.  Europe: Country Analysis

9.3.1.  Germany Hyperautomation Market Outlook

9.3.1.1.     Market Size & Forecast

9.3.1.1.1.    By Value 

9.3.1.2.     Market Share & Forecast

9.3.1.2.1.    By Technical Type

9.3.1.2.2.    By Deployment Type

9.3.1.2.3.    By End User

9.3.2.  United Kingdom Hyperautomation Market Outlook

9.3.2.1.     Market Size & Forecast

9.3.2.1.1.    By Value 

9.3.2.2.     Market Share & Forecast

9.3.2.2.1.    By Technical Type

9.3.2.2.2.    By Deployment Type

9.3.2.2.3.    By End User

9.3.3.  France Hyperautomation Market Outlook

9.3.3.1.     Market Size & Forecast

9.3.3.1.1.    By Value 

9.3.3.2.     Market Share & Forecast

9.3.3.2.1.    By Technical Type

9.3.3.2.2.    By Deployment Type

9.3.3.2.3.    By End User

9.3.4.  Russia Hyperautomation Market Outlook

9.3.4.1.     Market Size & Forecast

9.3.4.1.1.    By Value 

9.3.4.2.     Market Share & Forecast

9.3.4.2.1.    By Technical Type

9.3.4.2.2.    By Deployment Type

9.3.4.2.3.    By End User

9.3.5.  Switzerland Hyperautomation Market Outlook

9.3.5.1.     Market Size & Forecast

9.3.5.1.1.    By Value 

9.3.5.2.     Market Share & Forecast

9.3.5.2.1.    By Technical Type

9.3.5.2.2.    By Deployment Type

9.3.5.2.3.    By End User

9.3.6.  Belgium Hyperautomation Market Outlook

9.3.6.1.     Market Size & Forecast

9.3.6.1.1.    By Value 

9.3.6.2.     Market Share & Forecast

9.3.6.2.1.    By Technical Type

9.3.6.2.2.    By Deployment Type

9.3.6.2.3.    By End User

9.3.7.  Italy Hyperautomation Market Outlook

9.3.7.1.     Market Size & Forecast

9.3.7.1.1.    By Value 

9.3.7.2.     Market Share & Forecast

9.3.7.2.1.    By Technical Type

9.3.7.2.2.    By Deployment Type

9.3.7.2.3.    By End User

10. South America Hyperautomation Market Outlook

10.1.  Market Size & Forecast

10.1.1.   By Value

10.2.  Market Share & Forecast

10.2.1.   By Technical Type

10.2.2.   By Deployment Type

10.2.3.   By End User

10.2.4.   By Country

10.3.  South America: Country Analysis

10.3.1.   Brazil Hyperautomation Market Outlook

10.3.1.1.  Market Size & Forecast

10.3.1.1.1. By Value 

10.3.1.2.  Market Share & Forecast

10.3.1.2.1. By Technical Type

10.3.1.2.2. By Deployment Type

10.3.1.2.3. By End User

10.3.2.   Argentina Hyperautomation Market Outlook

10.3.2.1.  Market Size & Forecast

10.3.2.1.1. By Value 

10.3.2.2.  Market Share & Forecast

10.3.2.2.1. By Technical Type

10.3.2.2.2. By Deployment Type

10.3.2.2.3. By End User

10.3.3.   Colombia Hyperautomation Market Outlook

10.3.3.1.  Market Size & Forecast

10.3.3.1.1. By Value 

10.3.3.2.  Market Share & Forecast

10.3.3.2.1. By Technical Type

10.3.3.2.2. By Deployment Type

10.3.3.2.3. By End User

10.3.4.   Peru Hyperautomation Market Outlook

10.3.4.1.  Market Size & Forecast

10.3.4.1.1. By Value 

10.3.4.2.  Market Share & Forecast

10.3.4.2.1. By Technical Type

10.3.4.2.2. By Deployment Type

10.3.4.2.3. By End User

10.3.5.   Chile Hyperautomation Market Outlook

10.3.5.1.  Market Size & Forecast

10.3.5.1.1. By Value 

10.3.5.2.  Market Share & Forecast

10.3.5.2.1. By Technical Type

10.3.5.2.2. By Deployment Type

10.3.5.2.3. By End User

11. Middle East & Africa Hyperautomation Market Outlook

11.1.  Market Size & Forecast

11.1.1.   By Value

11.2.  Market Share & Forecast

11.2.1.   By Technical Type

11.2.2.   By Deployment Type

11.2.3.   By Country

11.3.  Middle East & Africa: Country Analysis

11.3.1.   Saudi Arabia Hyperautomation Market Outlook

11.3.1.1.  Market Size & Forecast

11.3.1.1.1. By Value 

11.3.1.2.  Market Share & Forecast

11.3.1.2.1. By Technical Type

11.3.1.2.2. By Deployment Type

11.3.1.2.3. By End User

11.3.2.   South Africa Hyperautomation Market Outlook

11.3.2.1.  Market Size & Forecast

11.3.2.1.1. By Value 

11.3.2.2.  Market Share & Forecast

11.3.2.2.1. By Technical Type

11.3.2.2.2. By Deployment Type

11.3.2.2.3. By End User

11.3.3.   UAE Hyperautomation Market Outlook

11.3.3.1.  Market Size & Forecast

11.3.3.1.1. By Value 

11.3.3.2.  Market Share & Forecast

11.3.3.2.1. By Technical Type

11.3.3.2.2. By Deployment Type

11.3.3.2.3. By End User

11.3.4.   Israel Hyperautomation Market Outlook

11.3.4.1.  Market Size & Forecast

11.3.4.1.1. By Value 

11.3.4.2.  Market Share & Forecast

11.3.4.2.1. By Technical Type

11.3.4.2.2. By Deployment Type

11.3.4.2.3. By End User

11.3.5.   Turkey Hyperautomation Market Outlook

11.3.5.1.  Market Size & Forecast

11.3.5.1.1. By Value 

11.3.5.2.  Market Share & Forecast

11.3.5.2.1. By Technical Type

11.3.5.2.2. By Deployment Type

11.3.5.2.3. By End User

12. Market Dynamics

12.1. Drivers

12.1.1.   Increased use of cloud-based technologies.

12.1.2.   Increasing Need to Cut Operating Costs.

12.2. Challenges

12.2.1.   Problems with Cloud Security and Network Transmission. ​

12.2.2.   Risks associated with new technologies.

13. Market Trends & Developments

13.1.   Expanding applications of RPA and AI.

13.2.   Rising need for automation in manufacturing processes.

13.3.   development of advanced analytics tools, such as data analytics.

14. Company Profiles

14.1.      UiPath

14.1.1.   Business Overview

14.1.2.   Key Revenue and Financials

14.1.3.   Recent Developments

14.1.4.   Key Personnel

14.1.5.   Key Product/End-user Industry

14.1.6.   SWOT Analysis

14.2.     Alteryx

14.2.1.   Business Overview

14.2.2.   Key Revenue and Financials

14.2.3.   Recent Developments

14.2.4.   Key Personnel

14.2.5.   Key Product/Services

14.2.6.   SWOT Analysis

14.3.  SolveXia

14.3.1.   Business Overview

14.3.2.   Key Revenue and Financials

14.3.3.   Recent Developments

14.3.4.   Key Personnel

14.3.5.   Key Product/Services

14.3.6.   SWOT Analysis

14.4.     Automation Anywhere

14.4.1.   Business Overview

14.4.2.   Key Revenue and Financials

14.4.3.   Recent Developments

14.4.4.   Key Personnel

14.4.5.   Key Product/Services

14.4.6.   SWOT Analysis

14.5.     Catalytic Inc

14.5.1.   Business Overview

14.5.2.   Key Revenue and Financials

14.5.3.   Recent Developments

14.5.4.   Key Personnel

14.5.5.   Key Product/Services

14.5.6.   SWOT Analysis

14.6.     Appian

14.6.1.   Business Overview

14.6.2.   Key Revenue and Financials

14.6.3.   Recent Developments

14.6.4.   Key Personnel

14.6.5.   Key Product/Services

14.6.6.   SWOT Analysis

14.7.     Mitsubishi Electric Corporation

14.7.1.   Business Overview

14.7.2.   Key Revenue and Financials

14.7.3.   Recent Developments

14.7.4.   Key Personnel

14.7.5.   Key Product/Services

14.7.6.   SWOT Analysis

14.8.      OneGlobe LLC

14.8.1.   Business Overview

14.8.2.   Key Revenue and Financials

14.8.3.   Recent Developments

14.8.4.   Key Personnel

14.8.5.   Key Product/Services

14.8.6.   SWOT Analysis

14.9.       Allerin Tech Pvt. Ltd

14.9.1.   Business Overview

14.9.2.   Key Revenue and Financials

14.9.3.   Recent Developments

14.9.4.   Key Personnel

14.9.5.   Key Product/Services

14.9.6.   SWOT Analysis

14.10.     Honeywell International Inc

14.10.1.   Business Overview

14.10.2.   Key Revenue and Financials

14.10.3.   Recent Developments

14.10.4.   Key Personnel

14.10.5.   Key Product/Services

14.10.6.   SWOT Analysis

15. Strategic Recommendations

15.1.   Key focus should be on North America

15.2.   Key focus towards rises in demand for Hyperautomation in manufacturing industry.

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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UiPath, Alteryx, SolveXia, Automation Anywhere, Catalytic Inc, Appian, Mitsubishi Electric Corporation, OneGlobe LLC, Allerin Tech Pvt. Ltd, Honeywell International Inc.

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The major drivers for global Hyperautomation market are increased use of cloud-based technologies and increasing need to cut operating costs.

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Asia Pacific is the fastest-growing region in the Global Hyperautomation Market due to increasing internet penetration in the region.

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Hyperautomation is a process of automating processes and decisions in order to accelerate digital transformation. It involves the use of AI and machine learning to automate tasks and processes, including complex decision-making. It is used to streamline and optimize business processes, reduce costs, and increase efficiency.

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