Intelligent process automation (IPA) is the application of artificial intelligence (AI), computer vision, cognitive automation and machine learning to robotic process automation (RPA). This produces automation competencies that uplift business value and competitive advantages for end users.
“The intelligent process automation market was valued at US$ 6.25 billion in 2017 and is projected to reach US$ 13.75 billion by 2026, at a CAGR of +13% from 2019 to 2026.”
The informative data has been gathered through the union of primary and secondary research. It gives a detailed description of global key factors which are influencing on the Intelligent Process Automation (IPA) market growth. The research report has been presented in a clear and professional manner with effective infographics.
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Top Key Players:
Accenture (Republic of Ireland), IBM (US), Cognizant (US), Genpact (US), Atos (France), Infosys (India), Tata Consultancy Services (India), Capgemini (France), Xerox Corporation (US), Pegasystems (US), Wipro (India), EXL Service (US), Thoughtonomy (UK), CGI Group (Canada), UiPath (Romania), HCL Technologies (India), Happiest Minds (India), Symphony Ventures (India), Avasant (US), Avanade (US), Virtual Operations (UK), Sutherland Global Services (US), KPMG (Netherlands), Tech Mahindra (India), Blue Prism (UK), and Syntel (US).
The Intelligent Process Automation (IPA) market includes five key technologies to produce an intelligent workflow. These process management software tools are vital to incorporate the tasks performed by the employees and the machines that are optimized. Repetitive tasks, in particular, are ideal for IPA processes, as they help to provide operational efficiency that is invaluable in commercial enterprises. In addition, intelligent process automation can be tracked end-to-end in real time, which facilitates monitoring and ensures that the process works optimally. The various technologies used in IPA play important roles, for example, machine learning provides advanced analytical capabilities that identify patterns in structured data.
Intelligent Process Automation (IPA) Market by data type,
Intelligent Process Automation (IPA) Market by solution,
- Structured Data
- Unstructured Data
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- Enterprise content management,
- Business process management,
- Customer experience management,
- Business intelligence and analytics,
- Enterprise mobility
North America is expected to dominate the intelligent process automation (IPA) market during the forecast period owing to industrialization and automation in the region and increased adoption of analytics in different industrial sectors especially manufacturing. In addition to this, technologies and solutions such as predictive and prescriptive maintenance are fueling the intelligent process automation (IPA) market.
Also, with the rapid advancement in intelligent process automation solutions, Asia Pacific is expected to grow at a significant pace during the forecast period. Due to increasing adoption of robotics in the emerging industries in countries like China, India, and Taiwan, the market of intelligent process automation (IPA) market in Asia Pacific is expected to grow with the highest CAGR.
In This Study, the Years Considered To Estimate the Size Of intelligent process automation (IPA) Market Are As Follows:
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- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2026
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