Dublin, Oct. 24, 2018 (GLOBE NEWSWIRE) -- The "Intelligent Process Automation Market by Component (Solutions & Services), Technology (NLP, Machine & Deep Learning), Application (IT Operations, Business Process Automation, & Application Management), Vertical, & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The intelligent process automation market is projected to grow from USD 7.50 billion in 2018 to USD 13.75 billion by 2023, at a CAGR of 12.9% from 2018 to 2023.

The need for the improved automated IT systems to serve dynamic requirements of customers, optimized resource utilization using automation and minimal human intervention, and increased investments for the digital transformation aiding intelligent process automation are expected to drive the growth of the intelligent process automation market across the globe.

Some of the major factors expected to drive the growth of the intelligent process automation market include need for the improved automated IT systems to serve the dynamic requirements of customers, optimized resource utilization using automation and minimal human intervention, and increased investments for the digital transformation aiding intelligent process automation are expected to drive the growth of the intelligent process automation market across the globe. However, addressing governance and compliance requirements and high initial costs for deploying intelligent process automation in supporting and less critical services may restrain the growth of the intelligent process automation market across the globe.

Based on component, the services segment of the intelligent process automation market is projected to grow at the highest CAGR from 2018 to 2023. Intelligent process automation services form an integral part of the software lifecycle ranging from their deployment, integration, product upgrading, and maintenance to training and consulting. The services covered in this report are professional and managed services. The managed services are analyzed in this report based on their use. These services are provided by the third-party vendors.

Based on application, the IT operations segment is expected to lead the intelligent process automation market in 2018. The growth of this segment of the market can be attributed to the benefits offered by the deployment of intelligent process automation solutions in different projects, right from the application and software development to their lifecycle management. These solutions also support various functions such as user management, service ticket management, asset tracking, and software monitoring. Intelligent process automation solutions assist IT operation teams to centrally monitor and manage the IT lifecycle and enhance experiences of users while reducing operational costs of businesses.

The North American region is expected to lead the intelligent process automation market in 2018.
The intelligent process automation market has been studied for North America, Europe, Asia Pacific, and Rest of the World (RoW). Factors such as technological advancements and rapid economic development in China, India, Russia, and South Korea have led to increased investments in the Asia Pacific region, thereby leading to the growth of the intelligent process automation market in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Global Market
4.2 Intelligent Process Automation Market, By Component, 2018 vs 2023
4.3 Market, By Solutions, 2018 vs 2023
4.4 Market, By Services, 2018 vs 2023
4.5 Market, By Application, 2018 vs 2023
4.6 Market, By Vertical, 2018-2023
4.7 Market Share Across Regions, 2018
4.8 Market Investment Scenario

5 Market Overview and Industry Trends
5.1 Market Dynamics
5.1.1 Introduction
5.1.2 Drivers
5.1.2.1 Automated IT Systems Help Serve Customers' Dynamic Requirements
5.1.2.2 Optimized Resource Utilization and Minimal Human Intervention Through Intelligent Automation
5.1.2.3 Faster Decision-Making Across the Organization
5.1.2.4 Increasing Investments in Digital Transformation Aiding the Intelligent Process Automation Market
5.1.3 Restraints
5.1.3.1 Addressing Governance and Compliance Requirements
5.1.3.2 High Initial Cost of Implementing IPA for Support and Less Critical Services
5.1.4 Opportunities
5.1.4.1 Developing A Single, Unified Intelligent Process Automation Tool
5.1.4.2 Building Automation-Led Transformation Programs Using Digital Workforce
5.1.5 Challenges
5.1.5.1 Choosing the Right Time and Right Process to Implement Automation
5.1.5.2 Reluctance to Adopt Automatic and Intelligent Processes
5.1.5.3 Difficulties in Rising in the Maturity Chain
5.2 Industry Trends
5.2.1 Introduction
5.2.2 Ecosystem
5.2.3 Case Studies
5.2.3.1 Case Study 1: Pnc Financial Services Group Uses IBM Business Automation Workflow and IBM Operational Decision Manager Software to Refine and Improve Business Processes
5.2.3.2 Case Study 2: Arkopharma Strengthened ITs Customer Experience With Genpact Cora Sequence Platform
5.2.3.3 Case Study 3: Hovis Uses Intelligent Process Automation to Improve the Responsiveness and Ensure Accuracy and Delivery
5.2.3.4 Case Study 4: Technology Company Uses Automation Solution to Enhance Finance Function for Greater Efficiency, Consistency, and Reliability
5.2.3.5 Case Study 5: Kiwa Register Uses Intelligent Process Automation to Improve the Processing Function for Different Types of License Requests
5.2.3.6 Case Study 6: Worldhotels Deploys Robotic Automation Technology to Support Key Customer Processes

6 Intelligent Process Automation Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Software Tools
6.2.2 Platforms
6.3 Services
6.3.1 Professional Services
6.3.1.1 Advisory/Consulting
6.3.1.2 Design and Implementation
6.3.1.3 Training
6.3.1.4 Support and Maintenance
6.3.2 Managed Services

7 Market By Technology
7.1 Introduction
7.2 Natural Language Processing
7.3 Machine and Deep Learning
7.4 Neural Networks
7.5 Virtual Agents
7.6 Mini Bots
7.7 Computer Vision
7.8 Others

8 Intelligent Process Automation Market, By Application
8.1 Introduction
8.2 IT Operations
8.3 Business Process Automation
8.4 Application Management
8.5 Content Management
8.6 Security
8.7 Others

9 Market By Vertical
9.1 Introduction
9.2 BFSI
9.3 Telecommunications and IT
9.4 Transport and Logistics
9.5 Media and Entertainment
9.6 Retail and Ecommerce
9.7 Manufacturing
9.8 Healthcare and Life Sciences
9.9 Others

10 Intelligent Process Automation Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Australia and New Zealand
10.4.3 Japan
10.4.4 Singapore
10.4.5 Rest of Asia Pacific
10.5 Rest of the World
10.5.1 Israel
10.5.2 United Arab Emirates
10.5.3 Mexico
10.5.4 Others

11 Competitive Landscape
11.1 Overview
11.2 Competitive Situation and Trends
11.2.1 New Product Launches & Product Enhancements
11.2.2 Agreements, Alliances, Collaborations, and Partnerships
11.2.3 Acquisitions
11.2.4 Expansions
11.3 Market Ranking of Key Players

12 Company Profiles
12.1 Accenture
12.2 Atos
12.3 Blue Prism
12.4 Capgemini
12.5 Cognizant
12.6 CGI
12.7 EXL
12.8 Genpact
12.9 HCL Technologies
12.1 IBM
12.11 Infosys
12.12 KPMG
12.13 Pegasystems
12.14 Syntel
12.15 TCS
12.16 Tech Mahindra
12.17 Thoughtonomy
12.18 UiPath
12.19 Wipro
12.2 Xerox
12.21 Key Innovators
12.21.1 Happiest Minds
12.21.2 Symphony Ventures
12.21.3 Avasant
12.21.4 Avanade
12.21.5 Virtual Operations
12.21.6 Sutherland Global Services

For more information about this report visit https://www.researchandmarkets.com/research/zqxx9c/intelligent?w=12

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