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Hyper Automation Trends and Forecast
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 with 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 is developed to help in your business decisions. Sample figures with some insights are shown below.
Hyper Automation by Segment
The study includes a forecast for the global hyper automation by component, technology, function, end use industry, and region.
Hyper Automation Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Services
Hyper Automation Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Robotic Process Automation (RPA)
• Biometrics
• Natural Learning Generation
• Context-Aware Computing
• Chatbots
• Machine Learning
• Other Technologies
Hyper Automation Market by Function [Shipment Analysis by Value from 2018 to 2030]:
• Marketing & Sales
• Finance & Accounting
• Human Resources (HR)
• Operations & Supply Chain
• Information Technology (IT)
Hyper Automation Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• IT & Telecom
• Retail
• Education
• Manufacturing
• Automotive
• Healthcare & Life Science
• Others
Hyper Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hyper Automation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hyper automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hyper automation companies profiled in this report include-
• ALTERYX
• SolveXia
• Mitsubishi Electric Corporation
• Catalytic Company
• Automation Anywhere
• Tata Consultancy Services
• Wipro
• Honeywell International
• OneGlobe
• Allerin Tech
Hyper Automation Market Insights
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 this market, IT & telecom will remain the largestsegment over the forecast period as integrating robotic process automation (RPA) assists telecom companies in streamlining operational tasks and concurrently establishing sustainable revenue streams by giving fast, cost-effective, and high-quality services.
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.
Features of the Global Hyper Automation Market
Market Size Estimates: Hyper automation market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hyper automation market size by component, technology, function, and region in terms of value ($B).
Regional Analysis: Hyper automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, technologies, functions, and regions for the hyper automation market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hyper automation market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the hyper automation market size?
Answer: The global hyper automation market is expected to reach an estimated $22.7 billion by 2030.
Q.2 What is the growth forecast for hyper automation market?
Answer: The global hyper automation market is expected to grow with a CAGR of 12.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the hyper automation market?
Answer: 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.
Q4. What are the major segments for hyper automation market?
Answer: The future of the hyper automation market looks promising with opportunities in the BFSI, IT & telecom, retail, education, manufacturing, automotive, and healthcare & life science markets.
Q5. Who are the key hyper automation market companies?
Answer: Some of the key hyper automation companies are as follows:
• ALTERYX
• SolveXia
• Mitsubishi Electric Corporation
• Catalytic Company
• Automation Anywhere
• Tata Consultancy Services
• Wipro
• Honeywell International
• OneGlobe
• Allerin Tech
Q6. Which hyper automation market segment will be the largest in future?
Answer: 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.
Q7. In hyper automation market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hyper automation market 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)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive tHReats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a tHReat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Hyper Automation Market, Hyper Automation Market Size, Hyper Automation Market Growth, Hyper Automation Market Analysis, Hyper Automation Market Report, Hyper Automation Market Share, Hyper Automation Market Trends, Hyper Automation Market Forecast, Hyper Automation Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Hyper Automation Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Hyper Automation Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Hyper Automation Market by Component
3.3.1: Hardware
3.3.2: Software
3.3.3: Services
3.4: Global Hyper Automation Market by Technology
3.4.1: Robotic Process Automation (RPA)
3.4.2: Biometrics
3.4.3: Natural Learning Generation
3.4.4: Context-Aware Computing
3.4.5: Chatbots
3.4.6: Machine Learning
3.4.7: Other Technologies
3.5: Global Hyper Automation Market by Function
3.5.1: Marketing & Sales
3.5.2: Finance & Accounting
3.5.3: Human Resources (HR)
3.5.4: Operations & Supply Chain
3.5.5: Information Technology (IT)
3.6: Global Hyper Automation Market by End Use Industry
3.6.1: BFSI
3.6.2: IT & Telecom
3.6.3: Retail
3.6.4: Education
3.6.5: Manufacturing
3.6.6: Automotive
3.6.7: Healthcare & Life Science
3.6.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Hyper Automation Market by Region
4.2: North American Hyper Automation Market
4.2.4: North American Hyper Automation Market by End Use Industry: BFSI, IT & Telecom, Retail, Education, Manufacturing, Automotive, Healthcare & Life Science, and Others
4.3: European Hyper Automation Market
4.3.1: European Hyper Automation Market by Component: Hardware, Software, and Services
4.3.2: European Hyper Automation Market by End Use Industry: BFSI, IT & Telecom, Retail, Education, Manufacturing, Automotive, Healthcare & Life Science, and Others
4.4: APAC Hyper Automation Market
4.4.1: APAC Hyper Automation Market by Component: Hardware, Software, and Services
4.4.2: APAC Hyper Automation Market by End Use Industry: BFSI, IT & Telecom, Retail, Education, Manufacturing, Automotive, Healthcare & Life Science, and Others
4.5: ROW Hyper Automation Market
4.5.1: ROW Hyper Automation Market by Component: Hardware, Software, and Services
4.5.2: ROW Hyper Automation Market by End Use Industry: BFSI, IT & Telecom, Retail, Education, Manufacturing, Automotive, Healthcare & Life Science, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Hyper Automation Market by Component
6.1.2: Growth Opportunities for the Global Hyper Automation Market by Technology
6.1.3: Growth Opportunities for the Global Hyper Automation Market by Function
6.1.4: Growth Opportunities for the Global Hyper Automation Market by End Use Industry
6.1.5: Growth Opportunities for the Global Hyper Automation Market by Region
6.2: Emerging Trends in the Global Hyper Automation Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Hyper Automation Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Hyper Automation Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ALTERYX
7.2: SolveXia
7.3: Mitsubishi Electric Corporation
7.4: Catalytic Company
7.5: Automation Anywhere
7.6: Tata Consultancy Services
7.7: Wipro
7.8: Honeywell International
7.9: OneGlobe
7.10: Allerin Tech
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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