Global Intelligent Process Automation Market

Intelligent Process Automation Market Size, Share, Growth Analysis, By Component (Solutions, Services), By Application (IT Operations, Business Process Automation), By Deployment Mode, By Organization Size, By Industry Vertical, By Region - Industry Forecast 2025-2032


Report ID: SQMIG45F2107 | Region: Global | Published Date: July, 2024
Pages: 250 | Tables: 121 | Figures: 77

Intelligent Process Automation Market Insights

Intelligent Process Automation Market size was valued at USD 15.3 Billion in 2023 and is poised to grow from USD 17.5 Billion in 2024 to USD 45.5 Billion by 2032, growing at a CAGR of 0.146 during the forecast period (2025-2032).

Higher technological infiltration in various industrial sectors and the rising need to increase the productivity of corporate operations are anticipated to drive the market. Using agile processes and smart technologies, intelligent process automation solutions enable users to take faster and wiser decisions. These solutions tend to keep a check on monitor and control interfaces to eliminate bottlenecks from workflow systems, thereby driving intelligent decisions. This aspect is predicted to drive the market over the next few years. Automation is changing the nature of back-office business operations and customer-facing processes alike. The increasing demand for automation-led transformation projects augmented by a digital workforce is the primary driving force for market growth. Automation is evolving through technological advancements in areas such as artificial intelligence and robotic process automation. Productivity, operational effectiveness, and creating new revenue-generating opportunities are the top three objectives of implementation. Since IPA deals with the display layer of information systems, it doesn't require a huge investment in infrastructure. Hence, more and more businesses focus on implementing automation services and solutions. Businesses are focusing on implementing automation in such a way that it enhances customer happiness along with functional improvement. Besides, quality improvement is one of the core drivers for most process automation projects. 

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Intelligent Process Automation Market size was valued at USD 134.40 billion in 2022 and is poised to grow from USD 15.36 billion in 2023 to USD 45.68 billion by 2031, growing at a CAGR of 14.6% during the forecast period (2024-2031). 

Competition in the Intelligent Process Automation market consists of various significant players, including specialists such as Blue Prism and Pega Systems, and broad technology suppliers such as IBM, UiPath, and Automation Anywhere. These companies compete by customer services, functionality of their products, and technology development. Companies that try to enhance their technological competencies and commercial coverage take part in strategic alliances, mergers, and acquisitions.  'IBM Corporation ', 'Accenture plc ', 'Cognizant Technology Solutions Corporation ', 'Capgemini SE ', 'Genpact Limited ', 'HCL Technologies Limited ', 'Blue Prism Group plc ', 'Pegasystems Inc. ', 'UiPath Inc. ', 'Automation Anywhere, Inc. ', 'Kofax Inc. ', 'WorkFusion, Inc. ', 'NICE Ltd. ', 'SAP SE ', 'Oracle Corporation ', 'Microsoft Corporation ', 'Infosys Limited ', 'Tata Consultancy Services Limited ', 'Wipro Limited ', 'Atos SE '

The market is predicted to remain dominated by North America during the forecast period. This domination is owing to the large-scale usage of process management and automation technologies in various industries of American companies. Companies present in this region are gradually adopting innovative technologies such as robotic process automation, machine learning, and artificial intelligence so that advanced business processes can be forwarded. This huge investment in these technologies shows that the focus has been deliberate to promote innovation and operational efficiency. In addition, the existence of big-time technology suppliers and solution providers in North America helps boost the regional expansion. Their continuous innovations and products assist in maintaining North America at the top within the IPA industry. 

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Intelligent Process Automation Market

Report ID: SQMIG45F2107

$5,300
BUY NOW GET FREE SAMPLE