Global Hyper Automation Market Outlook to 2029

Global Hyper Automation Market Overview

The global hyper automation market was valued at USD 15 Bn in 2023, is driven by adoption of advanced technologies such as artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) across various industries drives this market. The need to enhance operational efficiency, reduce human errors, and improve productivity fuels the demand for hyper automation solutions.

Several key players dominate the market, including UiPath, Blue Prism, Automation Anywhere, Kofax and Pegasystems. These companies lead the market with innovative solutions, robust product portfolios, and extensive industry expertise.

In 2023, UiPath has announced an expanded strategic partnership with Microsoft, focusing on enhancing automation solutions in the cloud. This collaboration was unveiled during the UiPath FORWARD 5 Global User Conference, emphasizing the integration of UiPath's automation capabilities with Microsoft Azure and other Microsoft services.

Global Hyper Automation Current Market Analysis

North America as dominant region: North America dominates the market due to its advanced technology and early adoption of automation in industries such as manufacturing, healthcare, and finance. Major tech companies like Amazon and Google, along with significant investments in AI, ML, and robotics, support this leadership. The region benefits from a robust IT infrastructure and high digital literacy rates, over 40% in 2024, which facilitate the seamless integration of hyper-automation solutions. Additionally, strong regulatory frameworks and supportive government initiatives further solidify North America's position as a global leader in hyper-automation.

Europe as emerging region: Europe is emerging as a promising market for hyper-automation, driven by its advanced technological infrastructure and supportive government policies. The region has a strong digital ecosystem with widespread use of AI, robotic process automation (RPA), and IoT. European governments actively support digital transformation through initiatives like the Digital Decade Policy Programme, Horizon 2020, and the Digital Europe Programme, providing substantial funding for automation R&D. The presence of tech-savvy enterprises and a skilled workforce accelerates the adoption of hyper-automation. Key drivers include the need for operational efficiency, improved customer experiences, and stringent regulatory frameworks for compliance and data security.

USA as dominant country: The United States leads the global hyper-automation market, driven by rapid advancements in AI and ML technologies. The country's dynamic tech ecosystem, including major tech firms and start-ups, fosters continuous innovation and investment. With robust digital infrastructure and widespread IoT adoption (93% in 2023), the U.S. enhances the integration of hyper-automation across industries. The growing demand for efficiency and productivity in sectors such as manufacturing, healthcare, and logistics further fuels the market, as organizations seek to automate complex processes and cut operational costs.

Global Hyper Automation Market Segmentation

The Global Hyper Automation Market can be segmented based on several factors:

By Technology Type: Global hyper automation market segmentation by technology type is divided into process intelligence, RPA, IDP, LC/NC, orchestration, API, IVA and document management. In 2023, Robotic Process Automation (RPA) leads the global hyper automation market by value, driven by its efficiency in automating repetitive tasks. RPA's broad applicability across industries like finance, healthcare, and manufacturing, along with its cost-effectiveness and quick deployment, contribute to its dominance.

By Industry Type: In global hyper automation market segmentation by industry type is divided into BFSI, manufacturing, healthcare & life sciences, hi-tech and others. In 2023, the BFSI sector is the leading segment in the global hyper automation market by value, driven by the sectors need to automate complex transactions, ensure regulatory compliance, and manage data efficiently. Hyper automation helps BFSI institutions streamline operations, reduce costs, and improve accuracy, making it a top choice for investment.

By Horizontal Functions: Global hyper automation market segmentation by horizontal functions is divided into finance/accounting, supply chain, IT, HR, contact center, operations, sales and others. In 2023, finance and accounting lead the global hyper automation market by value, due to the high volume of repetitive tasks and the need for accuracy, efficiency, and compliance. Hyper automation technologies like RPA and AI are widely adopted in these functions to streamline processes and reduce costs.

Global Hyper Automation Market Competitive Landscape

Company
Headquarter
Establishment Year
Geographical Presence (Number of Countries)
UiPath
New York, USA
2005
30+
Automation Anywhere
San Jose, California, USA
2003
35+
SS&C/Blue Prism
London, England, UK
2001
100+
Workfusion
New York, USA
2009
5+
Tungsten Automation
Irvine, California, USA
1991
5+
Microsoft (Power Automate)
Redmond, Washington, USA
1975
100+
Nintex
Bellevue, Washington, USA
2006
90

Automation Anywhere's Funding Round: In 2023, Automation Anywhere secured USD 250 Mn in a funding round led by a major venture capital firm. This funding will be utilized to accelerate the development of its AI-powered automation solutions and expand its global footprint. By end of 2024, Automation Anywhere plans to open new offices in Asia and Europe, increasing its market share and driving innovation in hyper automation technologies.

Kofax's AI-Powered Document Automation Solution: Kofax introduced an advanced AI-powered document automation solution designed to automate complex document processing tasks. This innovation has received significant attention from industries such as finance and healthcare. It is projected that Kofax's new solution will be adopted by over 500 enterprises, resulting in increase in productivity and reduction in processing errors.

Global Hyper Automation Industry Analysis

Global Hyper Automation Market Growth Drivers:

Increasing Demand for Efficiency and Productivity: The hyper automation market is significantly driven by the increasing demand for efficiency and productivity across various industries. In 2024, enterprises worldwide spend over USD 35 Bn on automation technologies to streamline operations and reduce operational costs. The manufacturing sector is expected to save by implementing hyper automation solutions to automate repetitive tasks and optimize production lines.

Adoption of AI and Machine Learning Technologies: The integration of AI and ML into hyper automation solutions is another key driver for market growth. In 2024, investments in AI and ML technologies are expected to reach USD 15 Bn globally, with a substantial portion allocated to developing advanced hyper automation solutions. These technologies enable predictive maintenance, intelligent decision-making, and enhanced process automation, significantly boosting productivity and reducing downtime in industries such as healthcare, finance, and logistics.

Rising Implementation of Robotic Process Automation (RPA): The adoption of RPA is a major growth driver in the hyper automation market. With a significant portion being driven by the healthcare and financial services sectors. RPA helps organizations automate mundane and repetitive tasks, thereby freeing up human resources to focus on more strategic activities. This leads to improved accuracy, faster processing times, and substantial cost savings.

Global Hyper Automation Market Challenges:

High Implementation Costs: The high initial costs associated with implementing hyper automation solutions pose a challenge for many organizations, especially small and medium-sized enterprises (SMEs). The average cost of deploying a comprehensive hyper automation solution is high. This includes expenses related to software licenses, hardware, and skilled personnel. High costs can deter organizations from adopting hyper automation, thereby limiting market growth.

Skill Gaps and Workforce Resistance: The successful implementation of hyper automation requires a skilled workforce capable of managing and maintaining these advanced technologies. In 2024, there will be a shortage of professionals with expertise in AI, ML, and RPA. Additionally, workforce resistance to automation, driven by fears of job displacement, can hinder the adoption of hyper automation solutions.

Global Hyper Automation Future Market Outlook

The global hyper automation market is expected to reach USD 35 Bn by 2029 driven by increasing focus on optimizing business processes will propel market expansion. Moreover, the integration of hyper automation with emerging technologies like blockchain and IoT will open new avenues for growth and innovation.

Future Market Trends

Expansion of Hyper Automation in SMEs: Over the next five years, the adoption of hyper automation solutions by small and medium-sized enterprises (SMEs) is expected to increase significantly. By 2029, SMEs are expected to significantly increase their spending on hyper automation, reaching a substantial amount., driven by the availability of cost-effective and scalable automation solutions. This trend will enable SMEs to enhance their operational efficiency and compete more effectively with larger enterprises.

Integration with IoT and Blockchain Technologies: The future of hyper automation will see increased integration with Internet of Things (IoT) and blockchain technologies. By 2029, it is estimated that over 40% of hyper automation solutions will incorporate IoT and blockchain capabilities, enabling real-time data collection, enhanced security, and improved transparency. This integration will drive innovation and open new opportunities for automation in sectors such as logistics, healthcare, and finance.

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