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Hyperautomation Market is expected to grow at 21.7% CAGR between 2021-2031- Market insights, analysis, trends, and forecast - Sheer Analytics and Insights
Published : November 2021

According to a new market research report published by sheer analytics and insights, "The Global Hyperautomation Market was valued at $4.78 Billion in 2020. Growing at a high CAGR of more than 21.7% between 2021 and 2031, it is estimated to reach $46.4 Billion by 2031", as per the latest market research report titled Global Hyperautomation Market - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.

According to World Economic Forum founder Klaus Schwab, fourth industrial revolution is knocking the doors of many industries at faster pace. In third industrial revolution, automation techniques have made life easy for the people and production level had increased drastically. With the emergence of Hyperautomation, fourth revolution is becoming a reality, as companies are using AI in integration of RPA to achieve the same.

Hyperautomation market growth is attributed through the increasing demand of artificial intelligence and machine learning with robotic process automation (RPA). Chatbots and biometrics have been deployed by many organizations to make the work easier for the employees too when they are off duty. For example, in BFSI sector if someone has any query over online, chatbots use to handle with the help of the feed given by human intelligence. Increased demand of automation in manufacturing and healthcare facilities are also helping the market to grow at commendable rate.

Click full report at https://www.sheeranalyticsandinsights.com/market-report-research/hyper-automation-market-21

By technology, robotic process automation (RPA) dominated the hyperautomation market with a share of more than 33% in 2020. As its acting as a base for the development of hyperautomation, therefore its demand is expected to hold its market share through forecast period. However, machine learning is expected to grow at the fastest rate with a CAGR of 24.8% through forecast period.

BFSI sector is the forerunner in deployment of hyperautomation technologies. Day to day increasing automation in banking and finance sector helps human to interpret big data and give them meaningful insights with the help of hyperautomation integration.

Presence of numerous manufacturing facility supported by different IT process across the industry led China holding the largest market in Asia-Pacific. China market in 2020 was $0.49 billion and is expected to reach $1.29 billion by 2031 at a CAGR of 26.3%. India is the most attractive market and is expected to grow at a CAGR of 29.1% from 2021 to 2031.

Important updates:

  • In 2021, Cyclone Robotics launched end-to-end hyperautomation product portfolio
  • Appian has shown a tremendous growth due to more than $800 million investments till date.
  • UiPath has got investments of more than USD 2 billion in past 5 years, and it is believed that company had shown a growth of 80% percent from past year revenue and had also decreased its liabilities a lot in 2020.
  • In March 2021, Camunda received $100M for cloud-native software which drives hyperautomation.

Request a Sample Copy of Report: https://www.sheeranalyticsandinsights.com/request-sample/hyper-automation-market-21

List of Companies Covered:

  • Allerin Tech Pvt. Ltd.
  • Appian
  • Atos
  • Automation Anywhere Inc
  • Catalytic Inc.
  • Cigniti
  • Cognizant (HPA)
  • Cyclone Robotics
  • IBM
  • Microsoft
  • Mitsubishi Electric Corporation
  • OneGlobe LLC
  • SolveXia
  • Tata Consultancy Services Limited
  • UiPath
  • Vuram
  • Wipro Ltd.

Company profile covers Business Overview, Product & Services Offered, Financial Performance, Recent Developments.

The Global Hyperautomation Market Has Been Segmented Into:

Global hyperautomation market - analysis & forecast, by deployment mode

  • Introduction
  • Cloud
  • On-premises

Global hyperautomation market - analysis & forecast, by components

  • Hardware
  • Software
  • Solutions

Global hyperautomation market - analysis & forecast, by technology

  • Introduction
  • Robotic Process Automation (RPA)
  • Artificial Intelligence (AI)
  • Machine Learning (ML)
  • Biometrics
  • Chatbots
  • Natural Language Generation (NLG)
  • Others

Global hyperautomation market - analysis & forecast, by industry vertical

  • Introduction
  • Banking, Financial Services & Insurance (BFSI)
  • Manufacturing
  • Healthcare
  • Retail
  • Automotive
  • Others

Global hyperautomation market - analysis & forecast, by region

  • North America hyperautomation market
    • North America hyperautomation market, By Country
      • US
      • Canada
    • North America hyperautomation market, By Deployment Mode
    • North America hyperautomation market, By Technology
    • North America hyperautomation market, By Industry Vertical
  • Europe hyperautomation market
    • Europe hyperautomation market, By Country
      • Germany
      • UK
      • France
      • Italy
      • Rest of Europe (ROE)
    • Europe hyperautomation market, By Deployment Mode
    • Europe hyperautomation market, By Technology
    • Europe hyperautomation market, By Industry Vertical
  • Asia Pacific hyperautomation market
    • Asia Pacific HYPERAUTOMATION Market, By Country
      • China
      • Japan
      • India
      • Australia
      • Rest of APAC
    • Asia Pacific hyperautomation market, By Deployment Mode
    • Asia Pacific hyperautomation market, By Technology
    • Asia Pacific hyperautomation market, By Industry Vertical
  • Rest of the World (ROW) hyperautomation market
    • Rest of the World hyperautomation market, By Region/Country
      • Middle East
      • Africa
      • South America
    • Rest of the World hyperautomation market, By Deployment Mode
    • Rest of the World hyperautomation market, By Technology
    • Rest of the World hyperautomation market, By Industry Vertical
  • Competitive landscape
    • Introduction
    • Competitive trends analysis
    • Top company rankings
    • recent developments
    • Expansions, funding & investments
      • New product launch
      • Mergers & acquisitions
      • Collaborations/partnerships/agreements

About Us     

Sheer Analytics and Insights Private Limited is market research, consulting, and IT services company. We as a company believe in providing point to point data and its analysis with the combination of our human and automation integration. Sheer Analytics and Insights cover majorly eight industry verticals, including chemicals, life science, communications, and electronics, materials, consumer goods, defense, and BFSI sector.

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