According to a report, “Intelligent Process Automation Market Size, Share & Trends Analysis Report By Component (Solution, Service), By Technology (ML, NLP, Virtual Agents), By Service, By Vertical, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global electric vehicle battery market size is expected to reach USD 17.5 billion by 2025, registering a CAGR of 16.9%, as per a new report by Grand View Research Inc. The fast-paced development of Artificial Intelligence (AI) and its widespread implementation is pushing strategists to realign their traditional business models with modern technologies. In addition, intelligent process automation aids in achieving flexible and intelligent automation by merging robotic process automation, artificial intelligence, and other emerging technologies.
Machine learning, autonomics, machine vision, and, natural language processing, among others are some of the building blocks of intelligent process automation. Machine learning understands the ability of computer systems to enhance its performance. Autonomics recounts systems designed to perform routine tasks and execute operations by humans. It is used at back office centers to perform rule-based, high-volume tasks.
IBM Corporation, Wipro Limited, Accenture, Infosys Limited, KPMG, Cognizant, and Capgemini are among the key service providers operating in the intelligent process automation market. IBM Corporation is one of the leading providers as it is pragmatically scaling out selected core technologies. Accenture is another leading provider offering innovation-based AI solutions. The company’s intelligent automation platform incorporates four essential components, namely, intelligent automation, business workflow management, delivery management, and analytics and insights, with an Enterprise Resource Planning (ERP) interface at the core.
Intelligent Process Automation Market Highlights
• Based on component type, the solution segment dominated the market in 2018. This can be attributed to the improved customer experience and enhanced process efficiency.
• Market giants such as Cognizant offers consulting and advisory services to help their clients develop an outcome-driven automation strategy with a high return value.
• The consulting service segment accounted for the highest revenue share in 2018, on account of the growing needs of organizations to comprehend the potential impact of incorporating automation in businesses.
• Based on technology, machine learning segment was valued for more than 32% of the revenue share in 2018 and on the other hand, the virtual agent’s segment is projected to gain momentum in the forthcoming years.
• Asia Pacific is projected to register the fastest CAGR over the forecast period as the BFSI sector in India and China is gaining momentum owing to the increased online transaction in these countries.
For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/intelligent-process-automation-market/request/rs1
Intelligent Process Automation Market Segmentation
Grand View Research has segmented the global intelligent process automation market on the basis of component, service, technology, vertical, and region:
Intelligent Process Automation Component Outlook (Revenue, USD Million, 2015 – 2025)
• Solution
• Services
Intelligent Process Automation Service Outlook (Revenue, USD Million, 2015 – 2025)
• Consulting
• Design & Implementation
• Training & Support
Intelligent Process Automation Technology Outlook (Revenue, USD Million, 2015 – 2025)
• Machine Learning
• Natural Language Processing
• Virtual Agents
• Computer Vision
• Others
Intelligent Process Automation Component Outlook (Revenue, USD Million, 2015 – 2025)
• BFSI
• Healthcare
• Retail
• IT & Telecom
• Manufacturing
• Others
Intelligent Process Automation Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• U.S.
• Canada
•Europe
• The U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• MEA
Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/6987/ibb
Browse More Related Report:
Workload Scheduling & Automation Market: The global workload scheduling and automation market size was valued at USD 2.22 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2027.
Automation Instrumentation Market: The global automation instrumentation market is expected to witness brisk growth owing to rapid industrialization over the forecast period.
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/intelligent-process-automation-market