Product Code: GVR-4-68040-021-8
Hyperautomation Market Growth & Trends:
The global hyper-automation market size is anticipated to reach USD 118.66 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 16.5% from 2022 to 2030. The industry focuses on the application and implementation of advanced technologies, such as robotic process automation, artificial intelligence, and machine learning, to automate processes and augment human activity. The expansion of social networking, cloud computing, mobile computing, and analytics is anticipated to have a positive effect on the demand for hyper-automation.
Several factors, such as rapid digitalization, increased demand for automation in manufacturing processes, lower operational costs, and improved efficiency, support the industry's growth. The Robotic Process Automation (RPA) technology segment held the maximum revenue share in 2021 owing to the rise of complex business tools like data analytics. Businesses can provide intelligent automation in consumer onboarding by utilizing OCR and RPA. Even in firms that rely on legacy systems, most onboarding processes, such as service agreement generation, can be completed instantly, thereby improving customer experience.
IT & telecommunication was the largest end-use segment in 2021. IT has become a significant resource for managing the ever-increasing demand for advanced IT while maintaining adequate IT expenditures as it has become a more basic component of the telecom business. Automation provides consistent and predictable methods for handling configuration settings to improve consistency, and speed control, and increase uptime by lowering the risk of human error in common daily tasks. North America was the dominant regional market in 2021 due to the demand for big data analytics & cloud computing and the strong presence of various leading industry players in the region.
Hyperautomation Market Report Highlights:
- The large enterprise segment accounted for the major revenue share in 2021 owing to the increasing integration of complex business technologies, such as data analytics and big data, on account of the growing requirement for storing massive volumes of daily data
- The hardware component segment accounted for the major revenue share in 2021. It helps in maintaining the machinery and equipment providing timely deliverables and thereby reducing time and effort
- By function, the finance & accounting segment led the industry in 2021. Financial automation reduces the need for personnel to manually batch and balance transactions allowing them to handle each operation more efficiently
- The cloud deployment segment dominated the market in 2021 owing to the growth in enterprise adoption of high-end cloud computing in developing economies
- However, the on-premise segment is expected to register the fastest growth rate from 2022 to 2030. This is owing to the rapid growth in small- and medium-sized industries
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
- 1.4 Market Segmentation and Scope
Chapter 2 Executive Summary
- 2.1 Hyperautomation Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
- 2.2 Market Snapshot
- 2.3 Segmental Insights
- 2.4 Global Hyperautomation Market, 2017 - 2030
- 2.4.1 Global hyper-automation market, by region, 2017 - 2030
- 2.4.2 Global hyper-automation market, by component, 2017 - 2030
- 2.4.3 Global hyper-automation market, by technology, 2017 - 2030
- 2.4.4 Global hyper-automation market, by deployment, 2017 - 2030
- 2.4.5 Global hyper-automation market, by function, 2017 - 2030
- 2.4.6 Global hyper-automation market, by enterprise, 2017 - 2030
- 2.4.7 Global hyper-automation market, by end-use industry, 2017 - 2030
Chapter 3 Hyperautomation Industry Outlook
- 3.1 Market Lineage Outlook
- 3.1.1 Parent market outlook
- 3.2 Market Size, Penetration, and Growth Prospect Mapping
- 3.3 Regulatory Scenario
- 3.4 Hyperautomation Market - Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 Increased demand for robotic process automation technologies
- 3.4.1.2 Growing automation trends in manufacturing and healthcare sector
- 3.4.2 Market restraint/challenge analysis
- 3.4.2.1 High initial cost and limited workforce
- 3.4.3 Market opportunity analysis
- 3.4.3.1 Greater automation penetration results in improved analytics data
- 3.5 Hyperautomation Market- Porter's Five Forces Analysis
- 3.6 Hyperautomation Market - PEST Analysis
- 3.7 COVID-19 Impact on the Hyperautomation Market
Chapter 4 Hyperautomation Component Outlook
- 4.1 Hyperautomation Market Share By Component, 2021
- 4.2 Hardware
- 4.2.1 Hyperautomation hardware market, 2017 - 2030
- 4.3 Software
- 4.3.1 Hyperautomation software market, 2017 - 2030
- 4.4 Services
- 4.4.1 Hyperautomation services market, 2017 - 2030
Chapter 5 Hyperautomation Technology Outlook
- 5.1 Hyperautomation Market Share By Technology, 2021
- 5.2 Robotic Process Automation (RPA)
- 5.2.1 Robotic Process Automation (RPA) in hyperautomation market, 2017 - 2030
- 5.3 Context Aware Computing
- 5.3.1 Context aware computing in hyperautomation market, 2017 - 2030
- 5.4 Machine Learning (ML)
- 5.4.1 Machine Learning (ML) in hyperautomation market, 2017 - 2030
- 5.5 Biometrics
- 5.5.1 Biometrics in hyperautomation market, 2017 - 2030
- 5.6 Chatbots
- 5.6.1 Chatbots in hyperautomation market, 2017 - 2030
- 5.7 Natural Language Generation (NLG)
- 5.7.1 Natural Language Generation (NLG) in hyperautomation market, 2017 - 2030
- 5.8 Computer Vision
- 5.8.1 Computer vision in hyperautomation market, 2017 - 2030
Chapter 6 Hyperautomation Deployment Outlook
- 6.2 On-premise
- 6.2.1 On-premise hyper-automation market, 2017 - 2030
- 6.3 Cloud
- 6.3.1 Cloud hyperautomation market, 2017 - 2030
Chapter 7 Hyperautomation Function Outlook
- 7.1 Hyperautomation Market Share By Function, 2021
- 7.2 Marketing & Sales
- 7.2.1 Marketing & sales in hyper-automation market, 2017 - 2030
- 7.3 Finance & Accounting
- 7.3.1 Finance & accounting in hyper-automation market, 2017 - 2030
- 7.4 Human Resources
- 7.4.1 Human resources in hyper-automation market, 2017 - 2030
- 7.5 IT
- 7.5.1 IT in hyper-automation market, 2017 - 2030
- 7.6 Operation & Supply Chain
- 7.6.1 Operation & supply chain in hyper-automation market, 2017 - 2030
Chapter 8 Hyperautomation Enterprise Outlook
- 8.1 Hyperautomation Market Share By Enterprise, 2021
- 8.2 Large Enterprises
- 8.2.1 Hyperautomation large enterprises market, 2017 - 2030
- 8.3 Small and Medium-Sized Enterprises (SMEs)
- 8.3.1 Hyperautomation small and medium-sized enterprises (SMEs) market, 2017 - 2030
Chapter 9 Hyperautomation End-use Industry Outlook
- 9.1 Hyperautomation Market Share By End-use Industry, 2021
- 9.2 Manufacturing
- 9.2.1 Hyperautomation in manufacturing market, 2017 - 2030
- 9.3 Automotive
- 9.3.1 Hyperautomation in automotive market, 2017 - 2030
- 9.4 BFSI
- 9.4.1 Hyperautomation in BFSI market, 2017 - 2030
- 9.5 Healthcare
- 9.5.1 Hyperautomation in healthcare market, 2017 - 2030
- 9.6 IT & Telecommunication
- 9.6.1 Hyperautomation in IT & telecommunication market, 2017 - 2030
- 9.7 Retail
- 9.7.1 Hyperautomation in retail market, 2017 - 2030
- 9.8 Transportation & Logistics
- 9.8.1 Hyperautomation in transportation & logistics market, 2017 - 2030
- 9.9 Others
- 9.9.1 Hyperautomation others market, 2017 - 2030
Chapter 10 Hyperautomation Regional Outlook
- 10.1 Hyperautomation Market Share By Region, 2021
- 10.2 North America
- 10.2.1 North America hyper-automation market, 2017 - 2030
- 10.2.2 North America hyper-automation market, by component, 2017 - 2030
- 10.2.3 North America hyper-automation market, by technology, 2017 - 2030
- 10.2.4 North America hyper-automation market, by deployment, 2017 - 2030
- 10.2.5 North America hyper-automation market, by function, 2017 - 2030
- 10.2.6 North America hyper-automation market, by enterprise, 2017 - 2030
- 10.2.7 North America hyper-automation market, by end-use industry, 2017 - 2030
- 10.2.8 U.S.
- 10.2.8.1 U.S. hyper-automation market, 2017 - 2030
- 10.2.8.2 U.S. hyper-automation market, by component, 2017 - 2030
- 10.2.8.3 U.S. hyper-automation market, by technology, 2017 - 2030
- 10.2.8.4 U.S. hyper-automation market, by deployment, 2017 - 2030
- 10.2.8.5 U.S. hyper-automation market, by function, 2017 - 2030
- 10.2.8.6 U.S. hyper-automation market, by enterprise, 2017 - 2030
- 10.2.8.7 U.S. hyper-automation market, by end-use industry, 2017 - 2030
- 10.2.9 Canada
- 10.2.9.1 Canada hyper-automation market, 2017 - 2030
- 10.2.9.2 Canada hyper-automation market, by component, 2017 - 2030
- 10.2.9.3 Canada hyper-automation market, by technology, 2017 - 2030
- 10.2.9.4 Canada hyper-automation market, by deployment, 2017 - 2030
- 10.2.9.5 Canada hyper-automation market, by function, 2017 - 2030
- 10.2.9.6 Canada hyper-automation market, by enterprise, 2017 - 2030
- 10.2.9.7 Canada hyper-automation market, by end-use industry, 2017 - 2030
- 10.3 Europe
- 10.3.1 Europe hyper-automation market, 2017 - 2030
- 10.3.2 Europe hyper-automation market, by component, 2017 - 2030
- 10.3.3 Europe hyper-automation market, by technology, 2017 - 2030
- 10.3.4 Europe hyper-automation market, by deployment, 2017 - 2030
- 10.3.5 Europe hyper-automation market, by function, 2017 - 2030
- 10.3.6 Europe hyper-automation market, by enterprise, 2017 - 2030
- 10.3.7 Europe hyper-automation market, by end-use industry, 2017 - 2030
- 10.3.8 U.K
- 10.3.8.1 U.K. hyper-automation market, 2017 - 2030
- 10.3.8.2 U.K. hyper-automation market, by component, 2017 - 2030
- 10.3.8.3 U.K. hyper-automation market, by technology, 2017 - 2030
- 10.3.8.4 U.K. hyper-automation market, by function, 2017 - 2030
- 10.3.8.5 U.K. hyper-automation market, by deployment, 2017 - 2030
- 10.3.8.6 U.K. hyper-automation market, by enterprise, 2017 - 2030
- 10.3.8.7 U.K. hyper-automation market, by end-use industry, 2017 - 2030
- 10.3.9 Germany
- 10.3.9.1 Germany hyperautomation market, 2017 - 2030
- 10.3.9.2 Germany hyperautomation market, by component, 2017 - 2030
- 10.3.9.3 Germany hyperautomation market, by technology, 2017 - 2030
- 10.3.9.4 Germany hyperautomation market, by deployment, 2017 - 2030
- 10.3.9.5 Germany hyperautomation market, by function, 2017 - 2030
- 10.3.9.6 Germany hyperautomation market, by enterprise, 2017 - 2030
- 10.3.9.7 Germany hyperautomation market, by end-use industry, 2017 - 2030
- 10.4 Asia Pacific
- 10.4.1 Asia Pacific hyperautomation market, 2017 - 2030
- 10.4.2 Asia Pacific hyperautomation market, by component, 2017 - 2030
- 10.4.3 Asia Pacific hyperautomation market, by technology, 2017 - 2030
- 10.4.4 Asia Pacific hyperautomation market, by deployment, 2017 - 2030
- 10.4.5 Asia Pacific hyperautomation market, by function, 2017 - 2030
- 10.4.6 Asia Pacific hyperautomation market, by enterprise, 2017 - 2030
- 10.4.7 Asia Pacific hyperautomation market, by end-use industry, 2017 - 2030
- 10.4.8 China
- 10.4.8.1 China hyperautomation market, 2017 - 2030
- 10.4.8.2 China hyperautomation market, by component, 2017 - 2030
- 10.4.8.3 China hyperautomation market, by technology, 2017 - 2030
- 10.4.8.4 China hyperautomation market, by deployment, 2017 - 2030
- 10.4.8.5 China hyperautomation market, by function, 2017 - 2030
- 10.4.8.6 China hyperautomation market, by enterprise, 2017 - 2030
- 10.4.8.7 China hyperautomation market, by end-use industry, 2017 - 2030
- 10.4.9 India
- 10.4.9.1 India hyperautomation market, 2017 - 2030
- 10.4.9.2 India hyperautomation market, by component, 2017 - 2030
- 10.4.9.3 India hyperautomation market, by technology, 2017 - 2030
- 10.4.9.4 India hyperautomation market, by deployment, 2017 - 2030
- 10.4.9.5 India hyperautomation market, by function, 2017 - 2030
- 10.4.9.6 India hyperautomation market, by enterprise, 2017 - 2030
- 10.4.9.7 India hyperautomation market, by end-use industry, 2017 - 2030
- 10.4.10 Japan
- 10.4.10.1 Japan hyperautomation market, 2017 - 2030
- 10.4.10.2 Japan hyperautomation market, by component, 2017 - 2030
- 10.4.10.3 Japan hyperautomation market, by technology, 2017 - 2030
- 10.4.10.4 Japan hyperautomation market, by deployment, 2017 - 2030
- 10.4.10.5 Japan hyperautomation market, by function, 2017 - 2030
- 10.4.10.6 Japan hyperautomation market, by deployment, 2017 - 2030
- 10.4.10.7 Japan hyperautomation market, by end-use industry, 2017 - 2030
- 10.5 Latin America
- 10.5.1 Latin America hyperautomation market, 2017 - 2030
- 10.5.2 Latin America hyperautomation market, by component, 2017 - 2030
- 10.5.3 Latin America hyperautomation market, by technology, 2017 - 2030
- 10.5.4 Latin America hyperautomation market, by deployment, 2017 - 2030
- 10.5.5 Latin America hyperautomation market, by function, 2017 - 2030
- 10.5.6 Latin America hyperautomation market, by enterprise, 2017 - 2030
- 10.5.7 Latin America hyperautomation market, by end-use industry, 2017 - 2030
- 10.5.8 Brazil
- 10.5.8.1 Brazil hyperautomation market, 2017 - 2030
- 10.5.8.2 Brazil hyperautomation market, by component, 2017 - 2030
- 10.5.8.3 Brazil hyperautomation market, by technology, 2017 - 2030
- 10.5.8.4 Brazil hyperautomation market, by deployment, 2017 - 2030
- 10.5.8.5 Brazil hyperautomation market, by function, 2017 - 2030
- 10.5.8.6 Brazil hyperautomation market, by enterprise, 2017 - 2030
- 10.5.8.7 Brazil hyperautomation market, by end-use industry, 2017 - 2030
- 10.6 MEA
- 10.6.1 MEA hyperautomation market, 2017 - 2030
- 10.6.2 MEA hyperautomation market, by component, 2017 - 2030
- 10.6.3 MEA hyperautomation market, by technology, 2017 - 2030
- 10.6.4 MEA hyperautomation market, by deployment, 2017 - 2030
- 10.6.5 MEA hyperautomation market, by function, 2017 - 2030
- 10.6.6 MEA hyperautomation market, by enterprise, 2017 - 2030
- 10.6.7 MEA hyperautomation market, by end-use industry, 2017 - 2030
Chapter 11 Competitive Analysis
- 11.1 Key Company Heat Map Analysis, 2021
- 11.2 Recent Developments & Impact Analysis, By Key Market Participants
- 11.3 List of Players
- 11.4 Vendor Landscape
Chapter 12 Competitive Landscape
- 12.1 UiPath
- 12.1.1 Company overview
- 12.1.2 Financial performance
- 12.1.3 Product benchmarking
- 12.1.4 Strategic initiatives
- 12.2 Wipro
- 12.2.1 Company overview
- 12.2.2 Financial performance
- 12.2.3 Product benchmarking
- 12.2.4 Strategic initiatives
- 12.3 TATA Consultancy Services Limited.
- 12.3.1 Company overview
- 12.3.2 Financial performance
- 12.3.3 Product benchmarking
- 12.3.4 Strategic initiatives
- 12.4 Mitsubishi Electric Corporation
- 12.4.1 Company overview.
- 12.4.2 Financial performance
- 12.4.3 Product benchmarking
- 12.4.4 Strategic initiatives
- 12.5 OneGlobe, LLC.
- 12.5.1 Company overview
- 12.5.2 Product benchmarking
- 12.6 SolveXia
- 12.6.1 Company overview
- 12.6.2 Product benchmarking
- 12.6.3 Strategic initiatives
- 12.7 Appian
- 12.7.1 Company overview
- 12.7.2 Financial performance
- 12.7.3 Product benchmarking
- 12.7.4 Strategic initiatives
- 12.8 Automation Anywhere Inc.
- 12.8.1 Company overview
- 12.8.2 Financial performance
- 12.8.3 Product benchmarking
- 12.8.4 Strategic initiatives
- 12.9 Allerin Tech Pvt. Ltd.
- 12.9.1 Company overview
- 12.9.2 Product benchmarking
- 12.10 PagerDuty, Inc.
- 12.10.1 Company overview
- 12.10.2 Financial performance
- 12.10.3 Product benchmarking
- 12.11 Honeywell International Inc.
- 12.11.1 Company overview
- 12.11.2 Financial performance
- 12.11.3 Product benchmarking
- 12.11.4 Strategic initiatives
Chapter 13 KoL Commentary
- 13.1 KoL Commentary Analysis, 2021