Market Overview:
The global intelligent process automation (IPA) market is expected to grow from USD 2.02 Billion in 2018 to USD 7.83 Billion by 2030, at a CAGR of 19.5% during the forecast period. The growth of the IPA market is attributed to the increasing demand for business process automation and IT operations management across organizations worldwide. Additionally, the growing trend of digital transformation is also fueling the growth of the IPA market.
Product Definition:
Intelligent process automation (IPA) is the application of artificial intelligence (AI), machine learning, and natural language processing technologies to business processes in order to improve their efficiency and effectiveness. IPA can help organizations automate tasks that are repetitive or difficult to execute manually, such as data entry, customer service, and claims management. By automating these processes, IPA can help businesses reduce costs and improve performance.
Natural Language Processing:
Natural language processing (NLP) is the study of computer programs that can recognize patterns in human language. The technology helps in understanding the content from a given set of data by analyzing natural languages. It has applications across several industry verticals such as BFSI, healthcare & life sciences, education, government & defense among others. NLP is used for various purposes such as information extraction (IE), information retrieval (IR), intelligent chatbots & customer service automation(CSA).
Machine and Deep Learning:
The machine learning and deep learning technologies have been witnessing significant adoption in the automation industry. The growing usage of these technologies has encouraged several companies to venture into the field of artificial intelligence, thereby driving market growth. However, there is still a lot of confusion surrounding these two technologies owing to their similar names and similar functions.
Application Insights:
The Intelligent Process Automation market is segmented by application into IT Operations, Business Process Automation, Application Management, Content Management, Security and others. The IT Operations segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for automation in order to reduce costs and increase efficiency of an organization. Moreover, this technology helps organizations achieve their business goals more effectively by reducing time consumption while developing applications or conducting other routine tasks related to computers.
IPA solutions help enterprises modernize their operations with a focus on digitization of processes that include everything from sales & marketing activities through financial & accounting applications as well as human resources functions across multiple industries worldwide including BFSI (Banking, Financial Services And Insurance), retail and manufacturing among others enabling companies with real-time visibility into all activities taking place within an organization thus driving up adoption across various industry verticals globally which will further fuel growth over the forecast period.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to early adoption of intelligent process automation solutions. The region accounted for more than 35% revenue share in 2016 and is estimated to reach nearly USD X million by 2030. North America has been witnessing a growing demand for business process outsourcing (BPO) services from various end users such as corporations, government agencies, and telecommunication companies due to increasing volumes of transactions and data processing requirements at each level within an organization.
Growth Factors:
- Increased demand for IPA solutions from small and medium-sized businesses (SMBs) due to the benefits of automation, including improved efficiency, reduced costs and increased competitiveness.
- The continued growth of digital transformation initiatives across all industries, which is driving the need for more efficient and automated business processes.
- The increasing popularity of Robotic Process Automation (RPA), which is helping to mainstream IPA solutions and increase their adoption rates among organizations of all sizes.
- The emergence of new technologies such as artificial intelligence (AI) and machine learning that are enabling IPA vendors to offer more sophisticated automation capabilities than ever before.
- Growing awareness among business leaders about the benefits of IPA solutions, resulting in an increasing number of organizations investing in these technologies to improve their operations."
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Process Automation(IPA) Market Research Report
By Type
Natural Language Processing, Machine and Deep Learning, Neural Networks, Virtual Agents, Mini Bots and RPA, Computer Vision, Others
By Application
IT Operations, Business Process Automation, Application Management, Content Management, Security, Others
By Companies
Atos, Blue Prism, Capgemini, Cognizant, CGI, EXL, Genpact, HCL Technologies, IBM, Infosys, KPMG, Pegasystems, Syntel, TCS, Tech Mahindra, Thoughtonomy, UiPath, Wipro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent Process Automation(IPA) Market Report Segments:
The global Intelligent Process Automation(IPA) market is segmented on the basis of:
Types
Natural Language Processing, Machine and Deep Learning, Neural Networks, Virtual Agents, Mini Bots and RPA, Computer Vision, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IT Operations, Business Process Automation, Application Management, Content Management, Security, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atos
- Blue Prism
- Capgemini
- Cognizant
- CGI
- EXL
- Genpact
- HCL Technologies
- IBM
- Infosys
- KPMG
- Pegasystems
- Syntel
- TCS
- Tech Mahindra
- Thoughtonomy
- UiPath
- Wipro
Highlights of The Intelligent Process Automation(IPA) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Language Processing
- Machine and Deep Learning
- Neural Networks
- Virtual Agents
- Mini Bots and RPA
- Computer Vision
- Others
- By Application:
- IT Operations
- Business Process Automation
- Application Management
- Content Management
- Security
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Intelligent Process Automation(IPA) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Intelligent Process Automation (IPA) is a process automation technology that helps organizations to automate their business processes. IPA can help reduce the time and effort required to carry out common tasks, such as customer service, accounting, and shipping.
Some of the key players operating in the intelligent process automation(ipa) market are Atos, Blue Prism, Capgemini, Cognizant, CGI, EXL, Genpact, HCL Technologies, IBM, Infosys, KPMG, Pegasystems, Syntel, TCS, Tech Mahindra, Thoughtonomy, UiPath, Wipro.
The intelligent process automation(ipa) market is expected to register a CAGR of 19.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intelligent Process Automation(IPA) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Intelligent Process Automation(IPA) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Intelligent Process Automation(IPA) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Intelligent Process Automation(IPA) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Intelligent Process Automation(IPA) Market Size & Forecast, 2018-2028 4.5.1 Intelligent Process Automation(IPA) Market Size and Y-o-Y Growth 4.5.2 Intelligent Process Automation(IPA) Market Absolute $ Opportunity
Chapter 5 Global Intelligent Process Automation(IPA) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Intelligent Process Automation(IPA) Market Size Forecast by Type
5.2.1 Natural Language Processing
5.2.2 Machine and Deep Learning
5.2.3 Neural Networks
5.2.4 Virtual Agents
5.2.5 Mini Bots and RPA
5.2.6 Computer Vision
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intelligent Process Automation(IPA) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Intelligent Process Automation(IPA) Market Size Forecast by Applications
6.2.1 IT Operations
6.2.2 Business Process Automation
6.2.3 Application Management
6.2.4 Content Management
6.2.5 Security
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intelligent Process Automation(IPA) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Intelligent Process Automation(IPA) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Intelligent Process Automation(IPA) Analysis and Forecast
9.1 Introduction
9.2 North America Intelligent Process Automation(IPA) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Intelligent Process Automation(IPA) Market Size Forecast by Type
9.6.1 Natural Language Processing
9.6.2 Machine and Deep Learning
9.6.3 Neural Networks
9.6.4 Virtual Agents
9.6.5 Mini Bots and RPA
9.6.6 Computer Vision
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Intelligent Process Automation(IPA) Market Size Forecast by Applications
9.10.1 IT Operations
9.10.2 Business Process Automation
9.10.3 Application Management
9.10.4 Content Management
9.10.5 Security
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Intelligent Process Automation(IPA) Analysis and Forecast
10.1 Introduction
10.2 Europe Intelligent Process Automation(IPA) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Intelligent Process Automation(IPA) Market Size Forecast by Type
10.6.1 Natural Language Processing
10.6.2 Machine and Deep Learning
10.6.3 Neural Networks
10.6.4 Virtual Agents
10.6.5 Mini Bots and RPA
10.6.6 Computer Vision
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Intelligent Process Automation(IPA) Market Size Forecast by Applications
10.10.1 IT Operations
10.10.2 Business Process Automation
10.10.3 Application Management
10.10.4 Content Management
10.10.5 Security
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Intelligent Process Automation(IPA) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Intelligent Process Automation(IPA) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Intelligent Process Automation(IPA) Market Size Forecast by Type
11.6.1 Natural Language Processing
11.6.2 Machine and Deep Learning
11.6.3 Neural Networks
11.6.4 Virtual Agents
11.6.5 Mini Bots and RPA
11.6.6 Computer Vision
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Intelligent Process Automation(IPA) Market Size Forecast by Applications
11.10.1 IT Operations
11.10.2 Business Process Automation
11.10.3 Application Management
11.10.4 Content Management
11.10.5 Security
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Intelligent Process Automation(IPA) Analysis and Forecast
12.1 Introduction
12.2 Latin America Intelligent Process Automation(IPA) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Intelligent Process Automation(IPA) Market Size Forecast by Type
12.6.1 Natural Language Processing
12.6.2 Machine and Deep Learning
12.6.3 Neural Networks
12.6.4 Virtual Agents
12.6.5 Mini Bots and RPA
12.6.6 Computer Vision
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Intelligent Process Automation(IPA) Market Size Forecast by Applications
12.10.1 IT Operations
12.10.2 Business Process Automation
12.10.3 Application Management
12.10.4 Content Management
12.10.5 Security
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Intelligent Process Automation(IPA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Intelligent Process Automation(IPA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Intelligent Process Automation(IPA) Market Size Forecast by Type
13.6.1 Natural Language Processing
13.6.2 Machine and Deep Learning
13.6.3 Neural Networks
13.6.4 Virtual Agents
13.6.5 Mini Bots and RPA
13.6.6 Computer Vision
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Intelligent Process Automation(IPA) Market Size Forecast by Applications
13.10.1 IT Operations
13.10.2 Business Process Automation
13.10.3 Application Management
13.10.4 Content Management
13.10.5 Security
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Intelligent Process Automation(IPA) Market: Competitive Dashboard
14.2 Global Intelligent Process Automation(IPA) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atos
14.3.2 Blue Prism
14.3.3 Capgemini
14.3.4 Cognizant
14.3.5 CGI
14.3.6 EXL
14.3.7 Genpact
14.3.8 HCL Technologies
14.3.9 IBM
14.3.10 Infosys
14.3.11 KPMG
14.3.12 Pegasystems
14.3.13 Syntel
14.3.14 TCS
14.3.15 Tech Mahindra
14.3.16 Thoughtonomy
14.3.17 UiPath
14.3.18 Wipro