The global Hyperautomation market is expected to reach USD 22.84 Billion by 2027, according to a new report by Emergen Research.

SURREY, BRITISH COLUMBIA, CANADA, September 22, 2021 /EINPresswire.com/ -- The Global Hyperautomation Market Report, published by Emergenresearch, offers an industry-wide assessment of the Hyperautomation market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2020-2027.

USD 22.84 Billion by 2027, according to a new report by Emergen Research. Growing automation trends in the manufacturing sector are gaining significant traction worldwide, and in turn, are driving the market growth. Several manufacturing firms are implementing hyperautomation for decreasing operational expenditure (OPEX) and improve the overall manufacturing process efficiency.

According to our team experts, the global Hyperautomation market is projected to deliver a magnificent CAGR of 18.2%throughout the forecast timeframe to rise from USD 22.84 Million in 2019 to USD 22.84 Million in 2027. The current trends of the Hyperautomation market, combined with a wide array of growth opportunities, key drivers, restraints, challenges, and other critical aspects, have been vividly detailed in the Hyperautomation market report.

Furthermore, the report takes into account various market dynamics, which, in turn, generate a plethora of developmental prospects for the leading players involved in the of the Hyperautomation industry.

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Growing technological advancements allowing for greater productivity and better collaboration at the workplace is one of the significant factors influencing the market growth.

Hyperautomation Market Size – USD 492.1 Million in 2019, Market Growth - CAGR of 18.2%, Market Trends –Growing automation trend in the manufacturing sector

Key participants include UiPath, SolveXia, Appian, Mitsubishi Electric Corporation, Automation Anywhere Inc., Allerin Tech Pvt. Ltd., OneGlobe LLC, Wipro Limited, Tata Consultancy Services Ltd., and Catalytic Inc., among others.

Several firms in the manufacturing sector, to overcome time-consuming processes including customer communication management, inventory management, purchase, and payment processing, as well as maintaining cost reduction and implementing innovative business practices, are switching to hyperautomation to better streamline the operations rapidly across the supply chain

By technology, natural language generation (NLG) is likely to grow at significant rate in the forecast period. NLG assists computers in transforming structured data into text information in a language understandable by humans. NLG platform provides dedicated solutions for end-users such as BFSI, manufacturing, and healthcare, among others, scalable and rapidly deployable at a lower cost of implementation.

The hyperautomation market in North America held the second-largest hyperautomation market share in 2019 and is likely to grow at a rate of 17.6% in the forecast period. The presence of eminent RPA, AI, and ML firms in the region, a well-established IT infrastructure, and major banks, among other end-users, are causative of the growth of the market.

By industry vertical, BFSI, in terms of market size, held the largest hyperautomation market share in 2019. BFSI industry possesses a huge prospective for the application of hyperautomation. A few benefits offered by hyperautomation comprise marketing, sales & distribution, regulatory reporting, bank servicing, payment processing, lending operations, enterprise support, back-office operations, and others.

Read More: https://www.emergenresearch.com/industry-report/hyperautomation-market

Industry Verticals Outlook (Revenue, USD Billion; 2017-2027)
BFSI
Retail
Manufacturing
Healthcare
Others

Technology Outlook (Revenue, USD Billion; 2017-2027)
Robotic Process Automation (RPA)
Artificial Intelligence (AI)
Machine Learning (ML)
Biometrics
Chatbots
Natural Language Generation (NLG)
Others

Key regions covered in the report:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

The report considers the following timeline for market estimations:
Historical Years: 2017 – 2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020 – 2027

Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Hyperautomation Market Segmentation & Impact Analysis
4.1. Hyperautomation Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Stringent environmental regulations
4.2.2.2. Rising need to reduce bacterial or algal contamination in water systems
4.2.2.3. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
4.2.3.1. Fluctuating prices of raw material
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Hyperautomation Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Hyperautomation Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Hyperautomation Market Regional Outlook
Chapter 8. Competitive Landscape
Continued…

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