Hyper Automation Market Research Report Information By Component (Hardware, Software, and Services), By Technology (Robotic Process Automation (RPA), Machine Learning (ML), Biometrics, Chatbots, Context Aware Computing, Natural Language Generation (NLG), and Computer Vision), By Deployment (On-premise and Cloud), By Function (Marketing & Sales, Finance & Accounting, Human Resources (HR), Operations & Supply Chain, and Information Technology (IT)), By End Use (Manufacturing, Automotive, BFSI, Healthcare, IT & Telecommunication, Retail, Trans

Global Hyper Automation Market Overview

Hyper Automation Market Size was valued at USD 32.5 Billion in 2022. The Hyper Automation market industry is projected to grow from USD 37.96 Billion in 2023 to USD 131.48 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 16.80% during the forecast period (2023 - 2032). The increasing demand for process efficiency and cost reduction, coupled with advancements in artificial intelligence and robotic process automation are the key market drivers fueling the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Hyper Automation Market Trends

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  Increasing demand for process efficiency and cost reduction is driving the market growth

  
  

Market CAGR for Hyper Automation is being driven by the escalating demand among organizations for enhanced process efficiency and cost reduction. As businesses operate in an increasingly competitive and dynamic environment, the need to optimize operations becomes paramount. Hyper-automation provides a comprehensive solution by leveraging a combination of technologies such as artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and advanced analytics.

The rapid advancements in artificial intelligence (AI) and robotic process automation (RPA) play a pivotal role in driving the hyper-automation market. AI capabilities, such as natural language processing (NLP) and machine learning algorithms, enable systems to comprehend, learn, and adapt to complex scenarios. This empowers hyper-automation solutions to handle a wide range of tasks, including those that involve decision-making and cognitive abilities.

In the modern digital landscape, gaining a competitive edge is crucial for the survival and success of businesses. Hyper-automation empowers organizations to stay ahead by providing a flexible and scalable solution that adapts to evolving technological landscapes. The ability to automate a wide spectrum of processes, from simple and repetitive to complex and cognitive, positions businesses to respond swiftly to changing market conditions.

According to a study by McKinsey & Company found that hyper-automation technologies, including AI and RPA, have the potential to automate up to 45% of the tasks currently performed by humans, leading to substantial gains in productivity and operational efficiency. As a result, it is anticipated that throughout the projection period, demand for Hyper Automation will increase due to high productivity and efficiency. Thus, driving the Hyper Automation market revenue.

Hyper Automation Market Segment Insights:

Hyper Automation Component Insights

The Hyper Automation Market segmentation, based on Component includes Hardware, Software, and Services. The software segment dominated the market, accounting for more than one-third of market revenue. This is linked to the central role of software in enabling and orchestrating hyper-automation processes.

Hyper Automation Technology Insights

The Hyper Automation Market segmentation, based on Technology includes Robotic Process Automation (RPA), Machine Learning (ML), Biometrics, Chatbots, Context Aware Computing, Natural Language Generation (NLG), and Computer Vision. The robotic process automation (RPA) segment dominated the market, accounting for more than a Quarter of market revenue. This is attributed to its ability to automate rule-based, repetitive tasks across various business functions.

Hyper Automation Deployment Insights

The Hyper Automation Market segmentation, based on Deployment includes On-premise and Cloud. The cloud segment dominated the market, accounting for above half of market revenue. This growth is linked to the scalability, flexibility, and cost-effectiveness it offers.

Hyper Automation Function Insights

The Hyper Automation Market segmentation, based on Functions includes Marketing & Sales, Finance & Accounting, Human Resources (HR), Operations & Supply Chain, and Information Technology (IT). The operations & supply chain segment dominated the market, accounting for 34% of market revenue. The growth is linked to the high demand for inventory management, demand forecasting, logistics, and supply chain operations.

Figure 1: Hyper Automation Market, by Function, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Hyper Automation End Use Insights

The Hyper Automation Market segmentation, based on End Use includes Manufacturing, Automotive, BFSI, Healthcare, IT & Telecommunication, Retail, Transportation & Logistics, and Others. The healthcare segment dominated the market, accounting for above quarter of market revenue. This growth is linked to the increasing adoption of hyper-automation to improve patient care, streamline administrative processes, and enhance overall operational efficiency.

Hyper Automation Enterprise Insights

The Hyper Automation Market segmentation, based on Functions includes Large-size Enterprises, and Small & Medium-size Enterprises (SMEs). The large-size enterprises segment dominated the market, accounting for more than half of market revenue. Large-size enterprises have the resources and scale to invest in comprehensive hyper-automation solutions.

Hyper Automation Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Hyper Automation market area will dominate this market due to its early and widespread adoption of advanced technologies, a robust ecosystem of technology providers, and a mature business environment. The region is home to many leading technology companies, research institutions, and enterprises that drive innovation and investment in hyper-automation.

Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: HYPER AUTOMATION MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Hyper Automation market accounts for the second-largest market share due to the advanced technological infrastructure, a strong emphasis on industrial automation, and a supportive regulatory environment. Further, the German Hyper Automation market held the largest market share, and the UK Hyper Automation market was the fastest-growing market in the European region

The Asia-Pacific Hyper Automation Market is expected to grow at the fastest CAGR from 2023 to 2032 owing to rapid economic growth, a burgeoning technology landscape, and the presence of major manufacturing hubs. Countries like China, Japan, and South Korea are at the forefront of adopting automation technologies across industries such as manufacturing, automotive, and electronics. Moreover, China’s Hyper Automation market held the largest market share, and the Indian Hyper Automation market was the fastest growing market in the Asia-Pacific region.

Hyper Automation Key Market Players & Competitive Insights

Leading market players are focusing on continuous innovation to enhance their hyper-automation solutions. They invest in research and development to incorporate the latest technologies, improve functionalities, and address evolving market demands. Market participants are also adopting a variety of strategic initiatives to expand their global presence, with important market developments including new product launches, contractual agreements, mergers and acquisitions, customer education, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Hyper Automation industry must offer innovative solution

Providing exceptional customer support and services is one of the key business tactics used by manufacturers in the global Hyper Automation industry to benefit clients and increase the market share. In recent years, the Hyper Automation industry has offered some of the most significant advantages to Consumers. Major players in the Hyper Automation market, including UiPath, Wipro Ltd., Automation Anywhere Inc., Allerin Tech Pvt. Ltd., PagerDuty, Inc., Honeywell International Inc., and others, are attempting to increase market demand by investing in product development to increase their product line and cater to diverse consumer needs.

Cyient is a globally recognized Technology Solutions company, distinguished by its consulting-led approach and industry-centric focus. With a commitment to fostering imaginative technology applications, Cyient empowers customers to address meaningful challenges throughout their value chain. Positioned as a socially responsible and environmentally sustainable organization, Cyient actively collaborates with stakeholders to design a better future. Emphasizing cultural inclusivity, the company stands as a key player in shaping tomorrow through innovative and impactful technological solutions. In June 2022, Cyient launched CyFAST, an AI-driven framework designed to expedite end-to-end test automation for system and software testing. This innovative system is compatible with a diverse range of applications, including web, mobile, desktop, and embedded applications in hardware devices. The introduction of CyFAST establishes a robust and inclusive testing environment, significantly enhancing the efficiency of testing projects.

Gigaforce, Inc., headquartered in Sunnyvale, CA, revolutionizes subrogation in the insurance industry with an award-winning technology. Catering to Property and Casualty claims executives grappling with talent shortages and escalating loss ratios, Gigaforce offers unprecedented efficiencies and maximizes recovery opportunities. Their pioneering open ecosystem employs intelligent automation, distributed ledger technology, and cutting-edge AI, ensuring 360-degree stakeholder accountability and secure communications. Utilizing OpenAI, machine learning, and robotic process automation, Gigaforce delivers end-to-end automated subrogation, enabling claims leaders to achieve a remarkable 50% efficiency boost, 33% faster cycle times, and a 20% reduction in arbitrations. In June 2022, Gigaforce unveiled Gigabot, an intake bot equipped with Hyper-Automation Capabilities, advancing clients towards a seamless claims experience. This innovation facilitates comprehensive automation, resulting in substantial cost reductions for insurance companies. The primary goal is to streamline the insurance claims procedure, enhancing efficiency and accuracy by leveraging data operations.

Key Companies in the Hyper Automation market include

• UiPath


• Wipro Ltd.


• Automation Anywhere Inc.


• Allerin Tech Pvt. Ltd.


• PagerDuty, Inc.


• Honeywell International Inc.


• Tata Consultancy Services Ltd.


• Mitsubishi Electric Corporation


• OneGlobe LLC


• SolveXia


• Appian

Hyper Automation Industry Developments

June 2022: Tray.io, a key player in low-code automation and integration, has unveiled enhanced features aimed at expediting enterprise hyper-automation initiatives. Through Connector Builder, Tray.io facilitates comprehensive connectivity for users of all types, allowing low-code developers to swiftly and visually create reusable connectors on-demand. Moreover, simplifying the integration of numerous underlying endpoints into merely three API calls, Tray.io introduces an improved Connectivity API experience for developers.

June 2021: Microsoft introduced Microsoft Process Advisor to extend process capture and analytics across diverse industries, contributing to the growth of Microsoft Power Automation, robotic process automation (RPA), and the cloud integration platform.

Hyper Automation Market Segmentation:

Hyper Automation Component Outlook

• Hardware


• Software


• Services

Hyper Automation Technology Outlook

• Robotic Process Automation (RPA)


• Machine Learning (ML)


• Biometrics


• Chatbots


• Context Aware Computing


• Natural Language Generation (NLG)


• Computer Vision

Hyper Automation Deployment Outlook

• On-premise


• Cloud

Hyper Automation Function Outlook

• Marketing & Sales


• Finance & Accounting


• Human Resources (HR)


• Operations & Supply Chain


• Information Technology (IT)

Hyper Automation End Use Outlook

• Manufacturing


• Automotive


• BFSI


• Healthcare


• IT & Telecommunication


• Retail


• Transportation & Logistics


• Others

Hyper Automation Enterprise Outlook

• Large-size Enterprises


• Small & Medium-size Enterprises (SMEs)

Hyper Automation Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America