What is Intelligent Automation Market Scope?
Intelligent process automation (IPA) is the application of artificial intelligence (AI) and related new technologies, such as cognitive automation, computer vision, and machine learning, to robotic procedure mechanization in order to make the distinction between people, robots, and systems more obvious. As a result of this convergence of technologies, end-users benefit from automation capabilities that significantly increase corporate value and competitive advantages. Digital process automation (DPA), robotic process automation (RPA), and artificial intelligence are the three main technologies that make up intelligent process automation (AI). Intelligent process automation has several advantages, including proper governance and risk reduction, coordination of work between robots, people, and systems, end-to-end visibility of processes and the customer journey, and agility and speed of process change, all of which contribute to its market adoption. Intelligent automation allows users to minimize labour expenses in their business operations while also assisting businesses in identifying and correcting skills gaps. Users can also employ intelligent automation to process large amounts of complex data and improve the speed and accuracy of human capabilities. Over the projected future, these factors are projected to propel the intelligent automation market forward.
The Intelligent Automation market study is being classified, by Application (IT Operations, Business Process Automation, Application Management, Content Management, Security and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Intelligent Automation market throughout the predicted period.
Accenture (IIreland), IBM (United States), Cognizant (United States), Genpact (United States), Atos (France), Infosys (India), Tata Consultancy Services (India), Capgemini (France), Xerox Corporation (United States), Pegasystems (United States), Wipro (India) and EXL Service (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Happiest Minds (India) and Symphony Ventures (India).
Analyst at AMA have segmented the market study of Global Intelligent Automation market by Type, Application and Region.
On the basis of geography, the market of Intelligent Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
August 2020 – Infosys a global leader in next-generation digital services and consulting, has announced the launch of AI-driven ‘Cognitive Email Workbench’ solution that gives enterprises the ability to augment query management and scale their helpdesk operations, significantly enhancing productivity and customer satisfaction. and September 2020 – Accenture announced a robust new generation of its intelligent automation platform Accenture myWizard, to help organizations unleash the power of automation to improve business agility, customer experience and innovation.
Influencing Market Trend
- Intelligent Process Automation with Natural Language Processors (NLPs)
- Automated IT Systems Help Serve Customers’ Dynamic Requirements
- Optimized Resource Utilization and Minimal Human Intervention Through Intelligent Automation
- Faster Decision-Making Across the Organisation
- Increasing Investments in Digital Transformation
- Increasing Usage of Intelligent Process Automation in Telecommunication
- High Initial Cost of Implementing
- Reluctance to Adopt Automatic and Intelligent Processes
Key Target AudienceSoftware Companies, Technology Providers, Investors, IT Companies, Solution Providers and End Users
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Intelligent Automation market expands?
The Global Intelligent Automation market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Intelligent Automation market?
The prominent players of Global Intelligent Automation market are Accenture (IIreland), IBM (United States), Cognizant (United States), Genpact (United States), Atos (France), Infosys (India), Tata Consultancy Services (India), Capgemini (France), Xerox Corporation (United States), Pegasystems (United States), Wipro (India) and EXL Service (United States), to name a few.
3. What are the top priorities to focus for Intelligent Automation market’s growth?
In this highly competitive & fast evolving Intelligent Automation industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.