Intelligent Process Automation Market by Component (Solution and Services), Technology, Deployment, Organization Size, Application, End User and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global intelligent process automation market size was valued at $9.28 billion in 2020, and is projected to reach $20.37 billion by 2026, growing at a CAGR of 14.0% during the forecast period.

• The intelligent process automation market is witnessing significant growth owing to the increasing demand for automated IT systems, increasing utilization of optimized resources such as intelligent automation in response to reduce human interventions.

• However, the lack of technical expertise and operational issues and high initial cost of implementing IPA for support and less critical services in the implementation of this technology may prove to be growth restraint factors.

• Moreover, increasing investment in digitalization led to imposing a positive impact factor on the market growth. However, the concerns regarding the huge cost of implementation and requirements associated with government compliance are factors hampering the growth of the market.

Artificial intelligence and machine learning robotics are combined in intelligent process automation. The major goal of implementing this technology into systems is to allow businesses to benefit from the automated features and processes that it provides. As a result, intelligent process automation is a type of automation that is used to streamline workflow and build smart business processes. Along with attaining operational efficiency, technology also aids in improving employee performance and effectively responding to customers.

By Application, IT Operations Segment is Expected to have a Huge Demand

The IT operations segment is anticipated to have a huge demand during the forecast period. Intelligent process automation solutions can help IT operations teams with a variety of initiatives, including application and software development lifecycle management. User management, service ticket management, asset tracking, and software monitoring are all supported by these systems. Intelligent process automation solutions help IT operations teams centralise monitoring and management of the IT lifecycle, resulting in better user experiences and lower operating costs. Intelligent process automation solutions provide users with a configurable solution that speeds various development chores, such as test automation, in software and application development lifecycle processes. The advantages that intelligent process automation solutions provide are driving IT operations teams to adopt them.

By Geography, Asia Pacific Region is Leading in the Global Market Place

Because of the significant rise in demand for automated processes and cloud-based technologies, as well as rising investment in the IT industry, the intelligent process automation market in Asia-Pacific is expected to grow at the fastest rate over the forecast period. The transformation of emerging countries into digital economies will also boost growth in this region.

List of the Key Players Profiled in the Market Include:
• HCL Technologies
• Tata Consultancy Services
• Cognizant
• Accenture
• IBM Corporation
• Genpact
• Atos
• Infosys
• Capgemini
• Xerox Corporation
• Pegasystems
• Wipro
• Mindtree
• Blue Prism
• CGI, Inc.
• Tech Mahindra
• SAP SE
• EXL

What Can be Explored with this Research Report:
• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Component:
• Solutions
• Services
• Managed Services

Market by, Technology:
• Natural Language Processing
• Machine and Deep Learning
• Neural Networks
• Virtual Agents
• Mini bots and RPA
• Computer Vision
• Other Technologies

Market by, Deployment:
• On-Premise
• Cloud Based

Market by, Organization Size:
• Large Size Organization
• Medium and Small Size Organization

Market by, Application:
• Application Management
• Business Process Automation
• Content Management
• IT Operations
• Security
• Other Applications

Market by, End User:
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare and Life Sciences
• Manufacturing
• Media and Entertainment
• Retail and e-commerce
• Telecommunications and IT
• Transport and Logistics
• Other End Users

Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview           
    1.1 Introduction       
    1.2 Research Objectives      
    1.3 Market Segmentation      
    1.4 Stakeholders       
    1.5 List of Acronyms       
             
2 Executive Summary           
             
3 Research Methodology          
    3.1 Identification of Data      
    3.2 Evaluation of Market Dynamics     
    3.3 Collaboration of Data      
    3.4 Verification and Analysis      
    3.5 Data Sources       
    3.6 Assumptions       
             
4 Market Dynamics           
    4.1 Market Drivers       
            4.1.1 Optimized Resource Utilization and Minimal Human Intervention
            4.1.2 Increasing Investments in Digital Transformation
    4.2 Market Restraints       
            4.2.1 High Initial Cost of Implementing IPA for Support and Less Critical Services
    4.3 Market Opportunities      
            4.3.1 Building Automation-Led Transformation Programs Using Digital Workforce
    4.4 Market Challenges       
            4.4.1 Reluctance to Adopt Automatic and Intelligent Processes
    4.5 Impact of COVID-19 on Intelligent Process Automation Market  
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants      
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global Intelligent Process Automation Market by, Component      
    6.1 Overview       
    6.2 Solutions        
            6.2.1 Software Tools
            6.2.2 Platforms
    6.3 Services        
            6.3.1 Professional Services
            6.3.2 Managed Services
             
7 Global Intelligent Process Automation Market by, Technology      
    7.1 Overview       
    7.2 Natural Language Processing      
    7.3 Machine and Deep Learning      
    7.4 Neural Networks       
    7.5 Virtual Agents       
    7.6 Mini bots and RPA       
    7.7 Computer Vision       
    7.8 Other Technologies       
             
8 Global Intelligent Process Automation Market by, Deployment      
    8.1 Overview       
    8.2 On-Premise       
    8.3 Cloud Based       
             
9 Global Intelligent Process Automation Market by, Organization Size      
    9.1 Overview       
    9.2 Large Size Organization      
    9.3 Medium and Small Size Organization     
             
10 Global Intelligent Process Automation Market by, Application      
    10.1 Overview       
    10.2 Application Management      
    10.3 Business Process Automation      
    10.4 Content Management      
    10.5 IT Operations       
    10.6 Security        
    10.7 Other Applications       
             
11 Global Intelligent Process Automation Market by, End User       
    11.1 Overview       
    11.2 Banking, Financial Services, and Insurance (BFSI)    
    11.3 Healthcare and Life Sciences      
    11.4 Manufacturing       
    11.5 Media and Entertainment      
    11.6 Retail and e-commerce      
    11.7 Telecommunications and IT      
    11.8 Transport and Logistics      
    11.9 Other End Users       
            11.9.1 Travel and Hospitality
            11.9.2 Utilities
            11.9.3 Government and Public Sector
            11.9.4 Education
             
12 Global Intelligent Process Automation Market by, Geography       
    12.1 Overview       
    12.2 North America       
    12.3 Europe        
    12.4 Asia Pacific       
    12.5 South America       
    12.6 Middle East & Africa      
             
13 Key Developments           
             
14 Company Profiling           
    14.1 HCL Technologies       
            14.1.1 Business Overview
            14.1.2 Product/Service Offering
            14.1.3 Financial Overview
            14.1.4 SWOT Analysis
            14.1.5 Key Activities
    14.2 Tata Consultancy Services      
    14.3 Cognizant       
    14.4 Accenture       
    14.5 IBM Corporation       
    14.6 Genpact        
    14.7 Atos        
    14.8 Infosys        
    14.9 Capgemini       
    14.10 Xerox Corporation       
    14.11 Pegasystems       
    14.12 Wipro        
    14.13 Mindtree        
    14.14 Blue Prism       
    14.15 CGI, Inc.        
    14.16 Tech Mahindra       
    14.17 SAP SE        
    14.18 EXL