Published Date: 21-Feb-2023
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According to a new report, published by KBV research, The Global Hyperautomation Market size is expected to reach $82.2 billion by 2028, rising at a market growth of 16.4% CAGR during the forecast period.
The On-premise segment is showcasing a CAGR of 14.7% during (2022 - 2028). On-premise deployment would have a sizable revenue share in the future due to the rise in SMEs' demand. On-premise deployment offers clients full access to their data, apps, and infrastructure while lowering operating costs and boosting security; therefore, the market is expected to develop quickly in the next years.
The Robotic Process Automation (RPA) segment acquired maximum revenue share in the Global Hyperautomation Market by Technology in 2021 thereby, achieving a market value of $25.8 billion by 2028. Companies need to store enormous amounts of everyday data due to the emergence of sophisticated business tools such as data analytics and big data. Corporate data centers with greater data security are often preferred by multinational businesses, fostering sector growth.
The Marketing & Sales segment has shown the growth rate of 16.9% during (2022 - 2028). Automation is being used more and more by marketing companies to increase campaign accuracy, provide sales teams with better leads, and produce greater ROI, which is propelling the segment's market expansion.
The Hardware segment is generating highest revenue share in the Global Hyperautomation Market by Component in 2021 thereby, achieving a market value of $41.2 billion by 2028. Due to the mobility, expandability, and flexibility of automation solutions, automation hardware assists enterprises by increasing efficiency and quality while decreasing production mistakes.
The Small- & Medium-size Enterprises (SMEs) segment is poised to grow at a CAGR of 17.8% during (2022 - 2028). The market for SMEs is expanding as a result of the rising need for quickly deployable and scalable data centers. Additionally, SMEs are increasingly using cloud services, which is fueling market expansion in this sector.
The BFSI segment is exhibiting a CAGR of 15.9% during (2022 - 2028). The hyper automation technology stack is used by many anti-money laundering (AML) systems today for prediction and prevention. Many banks have begun using sophisticated analytics, which is helpful for screening and evaluating a customer's capacity to make payments. As the banking industry is constantly changing, incorporating new technologies to add value, and redefining itself as a highly efficient and resilient sector, hyperautomation services have a significant impact on how banking will develop in the future.
The North America market dominated the Global Hyperautomation Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $28.2 billion by 2028. The Europe market is exhibiting a CAGR of 15.6% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 17.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/hyperautomation-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Enterprise Size
Unique Offerings from KBV Research
North America Hyperautomation Market Future Scope & Opportunities 2022-2028
Europe Hyperautomation Market Size & Growth Forecast 2022-2028
Asia Pacific Hyperautomation Market Size, Share & Industry Outlook to 2028
LAMEA Hyperautomation Market Growth, Trends & Forecasts 2022-2028