Hyperautomation Market
Hyperautomation Market Size, Share & Trends Analysis Report by Component (Solutions/ Services), by Technology (Robotic Process Automation (RPA), Machine Learning (ML), Natural Language Generation (NLG), Biometrics, Chatbot, Context Aware Computing, and Computer Vision), and by End-User Vertical (Manufacturing, Retail, IT & Telecom, Education, Automotive, Manufacturing, and Healthcare & Life Science) Forecast Period (2024-2031)
Hyperautomation market is anticipated to grow at a considerable CAGR of 19.5% during the forecast period. The high demand for hyperautomation from several end-user industrial verticals is a key factor driving the growth of the global market. According to the research of Salesforce and Vanson Bourne in June 2022, hyperautomation is a key priority for CIOs. The survey reveals that 80.0% of organizations will have hyperautomation on their technology roadmap within the next 24 months.
To meet the growing demand key market players are introducing advancements in their product offerings. In November 2022, Gluware, Inc. introduced Gluware 5, which includes new Gluware Topology, API modeling, and Gluware Service Connector features along with enhanced Gluware Network Robotic Process Automation (RPA) capabilities to accelerate digital transformation and network hyperautomation in enterprises. Powered by Gluware's embedded intelligence, Gluware 5 enables users to gain substantial and rapid value by phasing out resource-intensive manual network management. Gluware empowers its users to forge a pathway toward fully automated networks that provide a foundation for business innovation and competitive advantage.
Additionally, in May 2022, Pegasystems acquired Everflow, a Brazilian-based process mining company. This acquisition was done by Pega to position itself as a platform of choice for hyperautomation across the enterprise, building on its other recent platform advancements. Such strategies are being actively adopted by the companies operating in this industry to remain competitive in the marketplace.
Segmental Outlook
The global hyperautomation market is segmented based on component, technology, and end-user verticals. Based on components, the market is segmented into solutions & services. Based on technology, the market is segmented into Robotic Process Automation (RPA), Machine Learning (ML), Natural Language Generation (NLG), biometrics, chatbot, context-aware computing, and computer vision. Based on end-user vertical, the market is segmented into manufacturing, retail, IT & telecom, education, automotive, manufacturing, and healthcare & life science.
RPA to Hold Considerable Share in the Global Hyperautomation Market
The RPA is highly adopted by enterprises owing to its improved productivity, optimizing performance, integrating new technologies, generating higher returns, and moving business processes across the enterprise. The increasing demand for automation of business processes is one of the key factors promoting the adoption of RPA technology. Companies in robotic process automation have been collaborating to work towards offering enhanced RPA solutions that are anticipated to offer lucrative opportunities for the growth of this market segment. For instance, in September 2022, Hyperautomation professional services company Roboyo Group acquired Lean Consulting for an undisclosed amount. This acquisition will strengthen Roboyo Group's UK presence.
Regional Outlook
The global hyperautomation market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Asia-Pacific is anticipated to exhibit considerable growth in the global market. The regional market is driven by the growing industrialization and high adoption rate of automation in industries.
Global Hyperautomation Market Growth, by Region 2024-2031
North America Held Considerable Share in the Global Market
The regional market share is driven by the high automation level in regional industries, the presence of key market players, and robust IT infrastructure. The high demand for hyperautomation from end-user verticals has promoted the players to make advancements in their product offerings. In April 2023, Toyota Motor North America is shifting its automation agenda into high gear with a range of tools centered on the cloud as part of a strategy to reap savings and evolve toward data-informed operations.
Market Players Outlook
The major companies serving the global hyperautomation market include Alteryx, Inc., Automation Anywhere Inc., SolveXia, Mitsubishi Electric Corp., and Catalytic Inc. among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and advancement in their solution & services offerings to stay competitive in the market. For instance, in September 2023, Rotterdam-based Ciphix, an IT implementation company acquired Amsterdam’s Webflight, a low-code application developer. The acquisition was done by the company to enhance its hyperautomation capabilities.
Further, in May 2023, Zvolv, has announced new generative AI capabilities along with the launch of the 3.0 version of its micro-services Low-Code No-Code (LCNC) platform. The new middleware – Z-wall - expands Zvolv’s already extensive enterprise automation and app-building functionality with built-in capabilities that enable leveraging the power of generative AI in next-generation enterprise AI apps.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hyperautomation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. IBM Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Oracle Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Automation Anywhere, Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Hyperautomation Market by Component
4.1.1. Solutions
4.1.2. Services
4.2. Global Hyperautomation Market by Technology
4.2.1. Robotic Process Automation (RPA)
4.2.2. Machine Learning (ML)
4.2.3. Natural Language Generation (NLG)
4.2.4. Biometrics
4.2.5. Chatbot
4.2.6. Context-Aware Computing
4.2.7. Computer Vision
4.3. Global Hyperautomation Market by End-User Vertical
4.3.1. Manufacturing
4.3.2. Retail
4.3.3. IT & Telecom
4.3.4. Education
4.3.5. Automotive
4.3.6. Manufacturing
4.3.7. Healthcare & Life Science
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amelia LLC
6.2. Blue Prism Ltd.
6.3. Catalytic Inc.
6.4. Celaton Ltd.
6.5. EdgeVerve Systems Ltd. (Infosys)
6.6. FPT Software Ltd.
6.7. HelpSystems, LLC
6.8. KOFAX, Inc.
6.9. Mitsubishi Electric Corp.
6.10. NICE Ltd.
6.11. NTT Advanced Technology Corp.
6.12. OnviSource, Inc.
6.13. Pegasystems
6.14. Redwood Software Inc.
6.15. UiPath
6.16. Verint Systems Inc.
6.17. Xerox Holdings Corp.
1. GLOBAL HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
2. GLOBAL HYPERAUTOMATION SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL HYPERAUTOMATION SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
5. GLOBAL RPA SYSTEM-BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL ML SYSTEM-BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL NLG SYSTEM-BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL BIOMETRICS SYSTEM-BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL CHATBOT SYSTEM-BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL CONTEXT AWARE COMPUTING SYSTEM-BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL COMPUTER VISION SYSTEM BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER VERTICAL, 2023-2031 ($ MILLION)
13. GLOBAL HYPERAUTOMATION FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL HYPERAUTOMATION FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL HYPERAUTOMATION FOR IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL HYPERAUTOMATION FOR EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL HYPERAUTOMATION FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. GLOBAL HYPERAUTOMATION FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. GLOBAL HYPERAUTOMATION FOR HEALTHCARE & LIFESCIENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
20. GLOBAL HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
21. NORTH AMERICAN HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
22. NORTH AMERICAN HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
23. NORTH AMERICAN HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
24. NORTH AMERICAN HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER VERTICAL, 2023-2031 ($ MILLION)
25. EUROPEAN HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
26. EUROPEAN HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
27. EUROPEAN HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
28. EUROPEAN HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER VERTICAL, 2023-2031 ($ MILLION)
29. ASIA- PACIFIC HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
30. ASIA- PACIFIC HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
31. ASIA- PACIFIC HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
32. ASIA- PACIFIC HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER VERTICAL, 2023-2031 ($ MILLION)
33. REST OF THE WORLD HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
34. REST OF THE WORLD HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
35. REST OF THE WORLD HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
36. REST OF THE WORLD HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER VERTICAL, 2023-2031 ($ MILLION)
1. GLOBAL HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023 VS 2031 (%)
2. GLOBAL HYPERAUTOMATION SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
3. GLOBAL HYPERAUTOMATION SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
4. GLOBAL HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023 VS 2031 (%)
5. GLOBAL ROBOTIC PROCESS AUTOMATION (RPA) SYSTEM BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
6. GLOBAL MACHINE LEARNING (ML) SYSTEM BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
7. GLOBAL NATURAL LANGUAGE GENERATION (NLG) SYSTEM BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
8. GLOBAL BIOMETRIC SYSTEM BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
9. GLOBAL CHATBOT SYSTEM BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
10. GLOBAL CONTEXT AWARE COMPUTING SYSTEM BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
11. GLOBAL COMPUTER VISION SYSTEM BASED HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
12. GLOBAL HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER VERTICAL, 2023 VS 2031 (%)
13. GLOBAL HYPERAUTOMATION FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
14. GLOBAL HYPERAUTOMATION FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
15. GLOBAL HYPERAUTOMATION FOR IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
16. GLOBAL HYPERAUTOMATION FOR EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
17. GLOBAL HYPERAUTOMATION FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
18. GLOBAL HYPERAUTOMATION FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
19. GLOBAL HYPERAUTOMATION FOR HEALTHCARE & LIFESCIENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
20. GLOBAL HYPERAUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
21. US HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
22. CANADA HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
23. UK HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
24. FRANCE HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
25. GERMANY HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
26. ITALY HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
27. SPAIN HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
28. REST OF EUROPE HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
29. INDIA HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
30. CHINA HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
31. JAPAN HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
32. SOUTH KOREA HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
33. REST OF ASIA-PACIFIC HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
34. REST OF THE WORLD HYPERAUTOMATION MARKET SIZE, 2023-2031 ($ MILLION)
