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Intelligent Process Automation (IPA) Market 2020 – 2024: Business Trends, Size, COVID – 19 Analysis, Sales, Global Segments, Industry Profit Growth, Supply and Emerging Technologies

Intelligent Process Automation Market Highlights:

Intelligent process automation (IPA) combines robotic process automation with machine learning and artificial intelligence for automating processes. The use of next-generation tools for automating repetitive processes and push for lean management processes in industries can push the demand for IPA in the coming years.

The global intelligent process automation market report by Market Research Future (MRFR) considers preliminary and secondary research findings for making projections for the period of 2019 to 2024 (forecast period). The COVID-19 implications on the industry have been noted in the full report.

Market Scope:

The Intelligent Process Automation Market is expected to register a CAGR of 11.91% during the forecast period. It is expected to reach USD 14,392.4 million by 2024. The market was valued at USD 8,200.3 million in 2019.

The market is driven by the boom in digitalization and need to curb costs in production. Macroeconomic conditions and need for automated decision making can lead to the implementation of IPA in the coming years. The aim to improve profit margins in light of increasing competition and increase in volume of data to enhance business efficiency can drive the market demand. The leveraging of artificial intelligence and big data for optimization of processes can drive the global intelligent process automation market. Recently, The Trade Desk has launched a platform for digital advertising empowering buyers and assisting them in targeting the right demographics.

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Competitive Landscape:

Salesforce.com, Inc., Accelirate, Inc., Blue Prism Group, Open Text Corp., Dell EMC Corp., KOFAX INC., IBM Corporation, UiPath, Inc., SAP SE, WorkFusion, Pegasystems Inc., and others are key players of the global intelligent process automation systems market. Recently, Lab Tech, a provider of co-working serviced apartments has partnered with Roby.ai for implementation of IPA in its business model. This can lower administration costs while simultaneously catering to demand of clients with the help of virtual assistants. The aim of Lab Tech for expanding its application for billing, contract renewal, management, and other ad hoc tasks can bode well for the market.

Segmentation:

  • By data type, it is divided into structured and unstructured. The structured segment had a value of USD 6,056.2 million in 2018 and set to register a high CAGR during the forecast period. Structured data can be controlled and accessed with the assistance of relational database management system (RDBMS).
  • By component, it is bifurcated into solutions and services. The solutions component accounted for a larger market share in 2018 with a valuation of USD 4,825.8 million.
  • By deployment, it is segmented into on-premise and cloud.
  • By technology, it is segmented into cognitive technology, machine learning, and natural language processing.
  • By organization size, it is segmented into SMEs and large enterprises.
  • By vertical, it is segmented into food & beverage, BFSI, telecom & IT, public sector, healthcare, energy and utilities, media and entertainment, manufacturing, retail, and transportation and logistics. The BFSI vertical accounted for the largest market share in 2018 with a value of USD 2,862.5 million. IPA has been implemented banks and non-banking financial institutions for handling large data assets.

Regional Analysis:

The global intelligent process automation market, by region, has been segmented into Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).

North America accounted for the largest market value of USD 2624.6 million in 2018 and expects to register a CAGR of 10.83% during the forecast period. It is expected to dominate the global intelligent process automation market during the forecast period due to the established infrastructure for the research and development of advanced technologies. As a result, most of the key players in the market are continuously introducing innovative products to cater to the rising demand. The aim of integrating automation into usual processes can drive the demand for IPA in the coming years.

Table of Contents

1        Executive Summary

2        Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research Objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure

3        Market Research Methodology

3.1       Research Process

3.2       Secondary Research

3.3       Primary Research

3.4       Forecast Model

Continued…..

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List of Tables

Table1 Global Intelligent Process Automation Market: By Country, 2018-2023

Table2 North America Intelligent Process Automation Market: By Country, 2018-2023

Table3 Europe Intelligent Process Automation Market: By Country, 2018-2023

Continued…..

List of Figures

Figure 1 Global Intelligent Process Automation Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of Global Intelligent Process Automation Market

Continued…..

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Intelligent Process Automation Market Intelligence and Future Prospects 2027 with Leading Key Insights – Accenture, Blue Prism, Capgemini, Cognizant, CGI Inc., Genpact, HCL Technologies Limited, IBM, KPMG, TATA CONSULTANCY SERVICE

A new market report by The Insight Partners on the Intelligent Process Automation Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. The forecasts mentioned in the report have been acquired by using proven research assumptions and methodologies. Hence, this research study serves as an important depository of the information for every market landscape. The report is segmented on the basis of types, end-users, applications, and regional markets.

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The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Intelligent Process Automation Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Intelligent Process Automation (IPA) is a set of innovative technology which refers to the usage of Artificial Intelligence and related technologies. Intelligent Process Automation is designed to assist human by mitigating the repetitive, routine and manual tasks. In the percent scenario due to the adoption of automated technology in various industries it is estimated that the Intelligent Process Automation Market will flourish in recent times.

The Intelligent Process Automation market (IPA) is growing at a faster rate owing to the increased adoption of various automated technologies across industries in developed as well as developing countries. Intelligent Process Automation is changing the way a business is done in nearly every sector of the economy. Furthermore, the mixture of artificial intelligence and automation is changing the business outlook and it is also projected to greatly influence the market. The implementing cost of Intelligent Automation is currently high as it is expected a lower down in coming years.

Competitive Landscape: Intelligent Process Automation market

1. Accenture
2. Blue Prism
3. Capgemini
4. Cognizant
5. CGI Inc.
6. Genpact
7. HCL Technologies Limited
8. IBM
9. KPMG
10. TATA CONSULTANCY SERVICE

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Intelligent Process Automation market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Intelligent Process Automation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.

Chapter Details of Intelligent Process Automation Market:

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Intelligent Process Automation Market Landscape

Part 04: Intelligent Process Automation Market Sizing

Part 05: Intelligent Process Automation Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Major Features of Intelligent Process Automation Market Report:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Intelligent Process Automation market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global Intelligent Process Automation market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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Intelligent Process Automation Market Size, Share, Trends, Intelligent Process Automation Market Growth, Analysis and Forecast by 2027

The report on the Global Intelligent Process Automation Market provides a panoramic view of the current developments and progresses within the Intelligent Process Automation market. The report further analyzes the impact of the novel COVID-19 pandemic on the Intelligent Process Automation market and provides an accurate insight into the current and future market fluctuations. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

The Intelligent Process Automation market report further discusses the definitions, classifications, types, applications, market overview, manufacturing processes and costing, raw materials, among other key points. The report additionally provides SWOT analysis, investment feasibility, and investment return analysis.

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The major players profiled in the global Intelligent Process Automation market report include:

UiPath, Inc., SAP SE, Dell EMC Corporation, Blue Prism Group, IBM Corporation, Salesforce.Com, Inc., Capgemini, Cognizant, Pegasystems, Genpact, and Happiest Minds.

Regional Outlook: (Revenue, USD Billion; 2016–2026)

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Component (Revenue, USD Billion; 2016–2026)

  • Software/Tools
  • Services
    • Professional
      • Consulting
      • Design and Implementation
      • Training
      • Support and Maintenance
    • Managed

Application (Revenue, USD Billion; 2016–2026)

  • Business Process Management
  • Application Management
  • Content Management
  • Robotic Process Automation
  • Business Intelligence and Analytics
  • Security
  • Others

Business Function (Revenue, USD Billion; 2016–2026)

  • Operations
  • Finance
  • IT
  • Compliance
  • Legal
  • Others

End Users (Revenue, USD Billion; 2016–2026)

  • Telecom and IT
  • Banking, Financial Services, and Insurance (BFSI)
  • Transport and Logistics
  • Healthcare
  • Media and Entertainment
  • Manufacturing
  • Retail and ecommerce
  • Others

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Key Questions Answered in the Report:

  • Who are the leading participants of the Global Intelligent Process Automation Market?
  • What are the growth driving and restraining factors of the Intelligent Process Automation market?
  • Which are the prevalent strategic initiatives recently witnessed in the industry?
  • Which region is expected to dominate in the coming years?
  • What are the opportunities and threats faced by key competitors and vendors?

Key takeaways from the Intelligent Process Automation market report:

  • COVID-19 impact assessment on the growth of the Intelligent Process Automation market
  • Strategic alliances and plans formulated by key competitors
  • Pricing, product portfolios, and marketing strategies of the key market players
  • Country-wise and region wise assessment of the Intelligent Process Automation market
  • Growth rate estimation of each market segment for the forecast timeframe

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