Product ID: SQMIG45F2107
Report ID:
SQMIG45F2107 |
Region:
Global |
Published Date: February, 2024
Pages:
250
|
Tables:
121 |
Figures:
77
Over the course of the forecast, North America is predicted to maintain its market dominance. Regional growth is being fueled by an increase in the enterprise's use of process management and automation solutions in the United States. The primary drivers of the segmental development are increased spending on corporate operations optimization and widespread adoption of cutting-edge technologies like AI, machine learning, and RPA. Additionally, it is hoped that the presence of significant vendors in the area will promote growth.
In 2021, more than 31% of the market was accounted for by Europe. To improve banking procedures, the European BFSI sector is expected to embrace intelligent process automation technologies. Businesses with operations in Europe and Asia, like A.S. Watson Group, are concentrating on implementing Natural Language Processing capabilities for precise demand management and sales forecasting. Large-scale automation can contribute to significant cost reductions in a variety of industrial industries. Forklift truck drivers and industrial workers in Europe are among the job prospects PepsiCo screens and interviews using cutting-edge robotic software.
Over the forecast period, Asia Pacific is expected to grow at the fastest CAGR. Due to the rise in online transactions in the two nations, the BFSI sector in China and India is expanding. The demand for intelligent process automation solutions and services is being further boosted by growing awareness of automation, machine learning, and artificial intelligence. The primary drivers of the regional market growth include globalisation, economic development, digitization, and greater adoption of cloud-based technologies.
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REQUEST FREE CUSTOMIZATIONGlobal Intelligent Process Automation Market size was valued at USD 11.95 billion in 2019 and is poised to grow from USD 13.6 billion in 2023 to USD 43.53 billion by 2031, growing at a CAGR of 13.8% in the forecast period (2024-2031).
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Product ID: SQMIG45F2107