Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 8.42 |
Report Includes:
- Outlining details of hyperautomation technologies and applications
- Information on opportunities and challenges with respect to the integration of hyper automation technologies
- Analyze the market based on types and provide a brief introduction of each type’s applications
- Identify market trends, issues and forecasts impacting the global hyperautomation market and study various applications of hyperautomation
- Define the recent advancements and innovations (cutting-edge technologies) available in the market
Summary
BCC Research’s key objective for this study is to provide an introductory analysis of the hyperautomation market and its enormous market potential. Hyperautomation, as defined in the report, is the application of technologies such as robotic process automation, artificial intelligence, cognitive process automation and others to augment workers and automate processes so that they can have a significantly greater impact than traditional automation technologies. The goal of this report is to provide an up-to-date analysis of the recent developments and current trends in the global hyperautomation market. In this study, the hyperautomation market is extensively defined and mapped out with a strong focus on the current market’s competitive situation.
Table of Contents
Chapter 1 Hyperautomation
Study Goals and Objectives
Reasons for Doing the Study
Defining Hyperautomation
Benefits of Hyperautomation
Automation Technologies in Hyperautomation
Robotic Process Automation (RPA)
Machine Learning (ML)
Chatbots
Biometrics
Natural Language Generation
Context Aware Computing
Opportunities and Challenges
High Return on Investment and Low Price of Collaborative Robots Appealing to SMEs
Refining Human-Machine Interface and Increasing Assimilation of AI to Emulate Human Behavior
Increasing Digitization of Processes
Absence of Abilities Connected to Quicker Repeatability and Cycle Time
Great Prospects for Robot Installations in Various Countries
Robotic Process Automation (RPA)
Global Markets for Robotic Process Automation
Key Factors for Robotic Process Automation and Intelligent Automation
Process Centricity
Integration of RPA and Developing Technologies
RPA, APIs and Enterprise Software
Applications of RPA
Retail
Banking
Insurance
Government
Human Resources
Introduction to Cognitive Process Automation
Main Cognitive Automation Capabilities
Applications of Cognitive Process Automation
Delivering End-to-End Customer Service Through Chatbots
Banking—Following Know Your Customer (KYC) Requirements
Banking—Trade Finance Transactions Processing
Insurance—Service Policy
Insurance—Managing Claims
RPA versus CPA
Application
Technology
Method of Automation
Data Processing
Key Players in Hyperautomation
Amazon
Google
Conclusion
Analyst's Credentials
Related BCC Research Reports
List of Tables
Table 1 : Global Markets for Robotic Process Automation, by Region, Through 2024
Table 2 : Amazon: Recent Developments
Table 3 : Amazon: Product Portfolio
Table 4 : Google: Recent Developments
Table 5 : Google: Product Portfolio
List of Figures
Figure 1 : Global Markets for Robotic Process Automation, by Region, 2018-2024
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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