According to a market report by Lucintel, the future of the global hyper automation market looks promising with opportunities in the BFSI, IT & telecom, retail, education, manufacturing, automotive, and healthcare & life science markets. The global hyper automation market is expected to reach an estimated $22.7 billion by 2030 from $11.4 billion in 2024,at a CAGR of 12.2% from 2024 to 2030. The major drivers for this market are surge in demand for robotic process automation (RPA) technology worldwide, increasing demand for enhanced operational effectiveness and financial savings, and rising demand for improved customer experience and personalized services.A more than 150-page report to understand trends, opportunity and forecast in hyper automation market to 2030 by component (hardware, software, and services), technology (robotic process automation (RPA), biometrics, natural learning generation, context-aware computing, chatbots, machine learning, and other technologies), function (marketing & sales, finance & accounting, human resources (HR), operations & supply chain, and information technology (IT)), end use industry (BFSI, IT & telecom, retail, education, manufacturing, automotive, healthcare & life science, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that hardware will remain the largest segment over the forecast period because the automation solutions provide various advantages, such as heightened quality, efficiency, and error reduction in manufacturing processes owing to their expandability, mobility, and adaptability.
Within the end use category, IT & telecom will remain the largest segment over the forecast period as integrating robotic process automation (RPA) assists telecom companies in streamlining operational tasks and concurrently established ng sustainable revenue streams by giving fast, cost-effective, and high-quality services.
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In terms of regions, North America will remain the largest region over the forecast period due to growing need for enhanced operational efficiency, reduced business operating expenses, and the rapid expansion of digitization in this region.
ALTERYX, SolveXia, Mitsubishi Electric Corporation, Catalytic Company, Automation Anywhere, Tata Consultancy Services, Wipro, Honeywell International, OneGlobe, Allerin Tec are the major suppliers in the hyper automation market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Roy Almaguer
Lucintel
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Email: [email protected]
Tel. +1-972-636-5056
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