The integration of digitalization or artificial intelligence and robotic process automation technologies in a single system or process is known as the hyper automation. Mostly the robotic process automation is integrated with technologies such as natural language processing, deep learning, and machine learning. Robotic process automation mimics the machine operator behavior, while the artificial intelligence or machine learning helps in the decision making by analyzing the data. The RPA solutions along with the machine learning are able to do data processing the semi-structured and unstructured data. Hyper automation integrates each system, machine, and resource in the whole process, so the real time data is readily available at any time from any place. As the whole system is integrated the machine operator can easily send commands to the machines or instruction to another machine operator.
Market Dynamics
Retaining the existing customer is easy than the acquiring new customer. Customer relationship management software plays important role in the retention of the customer. The customer can contact the company official easily with the CRM software. Hyper automation in CRM means integrating the CRM platform with the artificial intelligence and natural language processing technology to understand the customer feedbacks and implement necessary action. The common example of the natural language processing include the spell check. For instance, according to the Coherent Market Insights analysis the customer relationship management market accounted for US$ 8.02 billion in 2018 and is expected to exhibit a CAGR of 14.5% over the forecast period. The companies now a days are integrating the customer relationship platform with hyper automation solutions to enhance the customer experience.
Moreover, the large manufacturing industries deals with hundreds of invoices on daily basis. Natural language processing reads the invoices and converts them into text format, and after that artificial intelligence feeds the data into the system. Hyper Automation software analyzes the data and selects the respective course of action. These above mentioned factors are expected to drive the global hyper automation market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of global hyper automation market size (US$ Billion), and compound annual growth rate (CAGR %) for the forecast period (2019– 2027), considering 2018 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading market players
- It profiles leading players in the global hyper automation market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as part of this study include Automation Anywhere, Inc., SolveXia, Wipro Limited, UiPath, ALLERIN TECH PVT LTD, Appian, OneGlobe LLC., Mitsubishi Electric Corporation, Catalytic Inc, Infosys Limited, and Tata Consultancy Services Limited., among others
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global hyper automation market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hyper automation market.
Detailed Segmentation
- Global Hyper Automation market, By Technology:
- Robotic Process Automation (RPA)
- Machine Learning (ML)
- Chatbots
- Biometrics
- Natural Language Generation
- Context-aware Computing
- Global Hyper Automation market, By End-use Industry:
- Manufacturing
- Automotive
- Healthcare
- BFSI
- Retail
- Others
- Global Hyper Automation market, By Region:
- North America
- By Technology :
- Robotic Process Automation (RPA)
- Machine Learning (ML)
- Chatbots
- Biometrics
- Natural Language Generation
- Context-Aware Computing
- By End-use Industry:
- Manufacturing
- Automotive
- Healthcare
- BFSI
- Retail
- Others
- By Country:
- Europe
- By Technology :
- Robotic Process Automation (RPA)
- Machine Learning (ML)
- Chatbots
- Biometrics
- Natural Language Generation
- Context-Aware Computing
- By End-use Industry:
- Manufacturing
- Automotive
- Healthcare
- BFSI
- Retail
- Others
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Technology :
- Robotic Process Automation (RPA)
- Machine Learning (ML)
- Chatbots
- Biometrics
- Natural Language Generation
- Context-Aware Computing
- By End-use Industry:
- Manufacturing
- Automotive
- Healthcare
- BFSI
- Retail
- Others
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Technology :
- Robotic Process Automation (RPA)
- Machine Learning (ML)
- Chatbots
- Biometrics
- Natural Language Generation
- Context-Aware Computing
- By End-use Industry:
- Manufacturing
- Automotive
- Healthcare
- BFSI
- Retail
- Others
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Technology :
- Robotic Process Automation (RPA)
- Machine Learning (ML)
- Chatbots
- Biometrics
- Natural Language Generation
- Context-Aware Computing
- By End-use Industry:
- Manufacturing
- Automotive
- Healthcare
- BFSI
- Retail
- Others
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By Technology :
- Robotic Process Automation (RPA)
- Machine Learning (ML)
- Chatbots
- Biometrics
- Natural Language Generation
- Context-Aware Computing
- By End-use Industry:
- Manufacturing
- Automotive
- Healthcare
- BFSI
- Retail
- Others
- By Country/Region:
- North Africa
- Central Africa
- South Africa
- Company Profiles
- ALLERIN TECH PVT LTD
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Automation Anywhere, Inc.
- Catalytic Inc
- Infosys Limited
- Mitsubishi Electric Corporation
- OneGlobe LLC.
- SolveXia
- Tata Consultancy Services Limited.
- UiPath
- Wipro Limited
“*” marked represents similar segmentation in other categories in the respective section.
