Research Nester’s recent market research analysis on “Hyper Automation Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global hyper automation market in terms of market segmentation by technology, end user, and by region.
Increasing Demand for Increased Efficiency to Promote Global Market Share of Hyper Automation
Organizations are constantly seeking ways to enhance operational efficiency, reduce costs, and achieve higher productivity. Hyper-automation enables them to automate complex and time-consuming processes, leading to improved efficiency and cost savings.
Robotic process automation (RPA) has gained widespread adoption in various industries. RPA allows organizations to automate repetitive tasks and workflows, reducing the need for human intervention and increasing accuracy and speed. Hyper-automation plays a crucial role in digital transformation initiatives by automating manual processes.
Growth Drivers:
• Increasing need for digital transformation
• Increasing adoption of robotic process automation
Challenges:
One of the primary challenges is resistance to change within an organization. Employees may be accustomed to existing processes and technologies, making it difficult to adopt new digital tools and workflows. Overcoming resistance and fostering a culture of change and innovation is crucial for successful digital transformation. Many organizations have legacy systems that are outdated, inflexible, and not compatible with modern digital solutions.
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By application, the global hyper automation market is segmented into robotic process automation, artificial intelligence, machine learning, and others. The artificial intelligence segment is to garner the second highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The proliferation of digital technologies has resulted in a massive amount of data being generated every day. AI thrives on data, and the availability of large datasets enables AI algorithms to learn and improve their performance. The growth of data from various sources such as social media, sensors, and IoT devices fuels the demand for AI solutions. The development of high-performance computing infrastructure, including GPUs (Graphics Processing Units) and specialized AI chips, has significantly improved the speed and efficiency of AI algorithms.
By region, the hyper automation in the Europe region, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be owed to digital transformation initiatives in the region. European countries are actively pursuing digital transformation initiatives to enhance competitiveness, drive economic growth, and improve public services. Hyper-automation plays a crucial role in these initiatives by enabling organizations to automate processes, improve efficiency, and deliver better services to citizens and customers. Europe has implemented stringent regulations in areas such as data privacy and security, finance, and healthcare. Hyper-automation helps organizations comply with these regulations by automating compliance processes, ensuring data protection, and maintaining audit trails.
This report also provides the existing competitive scenario of some of the key players of the global hyper automation market which includes company profiling of Microsoft Corporation, IBM Corporation, Rockwell Automation Inc., SAP SE, Wipro Ltd., Allerin tech Pvt. ltd., OneGlobe LLC, Mitsubishi Electric Corp., Infosys Ltd., and others.
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