Global Intelligent Process Automation Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Intelligent Process Automation Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global intelligent process automation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global intelligent process automation market report has been segmented on the basis of component, application, industry verticals, and region.

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Introduction:

Intelligent Process Automation (IPA) refers to application of artificial intelligence and related new technologies, including computer vision, cognitive automation and machine learning to robotic process automation. Merging of technologies has automation capabilities that intensely elevates business value and competitive advantages.

Dynamics:

Rapid industrialization in developed and developing countries, increasing manufactures focus on process automation for accuracy and in order to cut down labor cost are major factors expected to drive growth of the global market. In addition, rising expenditure on healthcare infrastructure by the government of developed countries and increasing adoption of intelligent process automation by hospitals in order to improve cost-savings and remove human error, and offer better customer experience are some other factors expected to support growth of the global market.

Moreover, increasing adoption of process automation by telecommunication industry for fast decision making in order to cater the customer dynamic requirements is another factor expected to boost growth of the market. In addition, increasing internet penetration in developing countries, rising smartphone users, coupled with presence of major service providers are some other factors expected to support growth of the global market over the forecast period.

However, high initial and implementation cost is a major factor expected to hamper growth of the global market. In addition, difficulties in integration of process is another factor expected to limit growth of the target market.

Technological advancements and increasing R&D activates by major players is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, growing merger and acquisition activities among region and international players is expected to further support growth of the market to certain extent.

Region Analysis:

The market in North America is expected to dominate the global market in terms of revenue and is expected to continue its dominance over the forecast period. the dominance can be attributed to increasing spending on R&D activities, increasing demand from healthcare sector, and presence of major players operating in the countries in this region. The market in Asia Pacific is expected to witness faster growth, owing increasing presence of major manufacturers, increasing demand from telecommunication industry, and presence of prominent players operating in the emerging economies in this region.

Global Intelligent Process Automation Market Segmentation:

By Component:

Solutions
Software Tools
Platforms
Services
Professional Services
Advisory/Consulting
Design and Implementation
Training
Support and Maintenance
Managed Services

By Application:

IT Operations
Business Process Automation
Application Management
Content Management
Security
Others (Human Resource Management, Incident Resolution, and Service Orchestration)

By Industry Vertical:

Banking, Financial Services, and Insurance (BFSI)
Telecommunications and IT
Transport and Logistics
Media and Entertainment
Retail and e-Commerce
Manufacturing
Healthcare and Life Sciences
Others (Travel and Hospitality, Education, Government and Public Sector, and Utilities)