1 / 12

HYPER AUTOMATION MARKET ANALYSIS

Hyper Automation Market, by Technology (Robotic Process Automation (RPA), Machine Learning (ML), Chatbots, Biometrics, Natural Language Generation, and Context-aware Computing), by End-use Industry (Manufacturing, Automotive, Healthcare, BFSI, Retail, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Vishalcmi
Download Presentation

HYPER AUTOMATION MARKET ANALYSIS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. HYPER AUTOMATION MARKET ANALYSIS(2019-2027) Hyper Automation Market, by Technology (Robotic Process Automation (RPA), Machine Learning (ML), Chatbots, Biometrics, Natural Language Generation, and Context-aware Computing), by End-use Industry (Manufacturing, Automotive, Healthcare, BFSI, Retail, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  3. Hyper Automation Market – Insights • Hyper automation is the combination of two or more technologies such as robotic process automation, predictive analytics, and artificial intelligence. Hyper automation is used for simplifying the workflow and increase the efficiency of the manufacturing process with minimum human intervention. In hyper automation, the human interference is minimum so probability of human errors and operational cost also decreases. The existing enterprise solutions such as enterprise resource planning software, customer relationship management software forms the base for the hyper automation by extracting the relevant data.   • Global hyper automation market is expected to witness a significant growth during the forecast period (2019–2027). The market growth is majorly attributed to increasing adoption of automated manufacturing processes by various industries such as pharmaceutical. In manufacturing Industry some jobs that were done by humans previously, are now performed by the machines. For instance, in May 2019, Thermax Limited, a provider of energy solutions, automated its chemical mixing process in Dahej, Gujarat plant. The company removed workers from chemical mixing process and created algorithm for each recipe. The machine operator feeds recipe to into a system and machines follows the instructions according to the preset algorithm. Furthermore, Thermax Limited started a new highly automated facility in the Sri City, Andhra Pradesh in 2019. Due to the hyper automation solutions, company is managed to reduce the production cycle from 4o days to 15 days. • Moreover, in order to adopt the hyper automation solutions, all the systems present in the end to end process should be integrated. There are many challenges associated with the integration of system such as selecting the right tools, monolithic systems maintenance of the system. Hence, integration of the system is major restraining factor for growth of the hyper automation market over the forecast period.

  4. Figure 1. Global Hyper Automation Market Share (%), by Region, (2018)

  5. Increasing Demand for Hyper Automation Solutions in Emerging Economies of Asia Pacific, Owing to Transformation of Traditional Manufacturing Plants into Fully Automated Smart Factories is expected to drive the Market Positively in the Asia Pacific Region. • Asia Pacific held a dominant position in the global hyper automation market in 2018, and is estimated to retain its dominance over the forecast period. This is attributed to rapid conversion of traditional manufacturing plants into automated plants. For instance, in November 2018, Rane Madras limited, a manufacturer of car parts, adopted automated solutions for its new plant in Gujarat of Mitsubishi Electric Corporation. Due to implementation of solutions there is significant decrease in energy consumption of plant. Moreover, various hyper automated solutions providers in India include Wipro limited, Infosys Limited, and Tata Consultancy Services Limited. These factors are expected to drive growth of the hyper automation market over the forecast period in the Asia Pacific region. • Major players operating in the global hyper automation market 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.

  6. Figure 2. Global Hyper Automation Market Share (%), By Technology, (2018)

  7. Surge in demand for robotic process automation technology across the globe is expected to drive growth of the global hyper automation market. • Among technology type, robotic process automation segment accounted for 31.2% of the market share in 2018. Moreover, machine learning is expected to be the fastest growing segment exhibiting the highest CAGR of around 44.3% during the forecast period. • Various companies are adopting the hyper automation solutions. For instance, in March 2018, HCX Technology Partners, Inc adopted the robotic process automation solutions of the Automation Anywhere, Inc. HCX Technology Partners, Inc is the technology solution provider based in Philippines. It offers online HR-Payroll platforms to various companies.

  8. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Reference: https://www.coherentmarketinsights.com/market-insight/hyper-automation-market-3754

  9. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  10. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  11. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

More Related