North America Hyperautomation Market Size, Share & Industry Trends Analysis Report By Deployment, By Technology, By Function, By Component (Hardware, Software, and Services), By Enterprise Size, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Hyperautomation Market would witness market growth of 15.6% CAGR during the forecast period (2022-2028).
RPA and AI are the necessary components of hyperautomation since AI is what sets Digital Workers apart from conventional automation methods. Hyperautomation also provides another special advantage by revealing and automating previously unavailable data and processes: the development of a digital twin of the company (DTO). A DTO makes the connections between functions, processes, and key performance indicators that were previously invisible and apparent.
Hyperautomation, which removes human participation from low-value operations and produces data that delivers a degree of business information that was previously unavailable, is another important component of digital transformation. It may play a significant role in creating flexible organizations that can change quickly.
The US is also one of the top producers and exporters of technology for industrial automation and industrial robots. Canada and Mexico are two of their biggest destinations and marketplaces. IACS are becoming more and more in demand as industrialization and automation accelerate in both countries. According to the US government's official trade statistics, Canada purchased industrial robots and end-of-arm tooling equipment from the US in 2015 for a total of around 41 million dollars. In Canada, the automobile industry is where robots are most often used. As a result, the region's hyper-automation market is expanding due to the increasing use of industrial automation, which facilitates the quick deployment of smart manufacturing.
The US market dominated the North America Hyperautomation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20,338.5 million by 2028. The Canada market is poised to grow at a CAGR of 18.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 17.2% during (2022 - 2028).
Based on Deployment, the market is segmented into Cloud and On-premise. Based on Technology, the market is segmented into Robotic Process Automation (RPA), Machine Learning & Natural Language Generation, Context Aware Computing & Chatbots, Biometrics, and Computer Vision. Based on Function, the market is segmented into Finance & Accounting, Information Technology (IT), Marketing & Sales, Operations & Supply Chain, and Others. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Enterprise Size, the market is segmented into Large-size Enterprises and Small- & Medium-size Enterprises (SMEs). Based on Vertical, the market is segmented into Telecom & IT, BFSI, Manufacturing, Automotive, Retail, Healthcare, Transportation & Logistics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hyperautomation Market is Predict to reach $82.2 Billion by 2028, at a CAGR of 16.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wipro Limited, Honeywell International, Inc., Tata Consultancy Services Ltd., Mitsubishi Electric Corporation, Appian Corporation, UiPath, Inc., Automation Anywhere, Inc., OneGlobe, LLC, SolveXia Pty. Ltd., and Allerin Tech Pvt. Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Robotic Process Automation (RPA)
- Machine Learning & Natural Language Generation
- Context Aware Computing & Chatbots
- Computer Vision
- Finance & Accounting
- Information Technology (IT)
- Marketing & Sales
- Operations & Supply Chain
By Enterprise Size
- Large-size Enterprises
- Small- & Medium-size Enterprises (SMEs)
- Telecom & IT
- Transportation & Logistics
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Wipro Limited
- Honeywell International, Inc.
- Tata Consultancy Services Ltd.
- Mitsubishi Electric Corporation
- Appian Corporation
- UiPath, Inc.
- Automation Anywhere, Inc.
- OneGlobe, LLC
- SolveXia Pty. Ltd.
- Allerin Tech Pvt. Ltd.
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