Hyper Automation Market Size & Share, by Technology (Robotic Process Automation, Artificial Intelligence, Machine Learning), End-user (Manufacturing, Automotive, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3960
  • Published Date: May 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights over 2023-2035

Hyper Automation Market size is estimated to surpass USD 44 billion by the end of 2035, growing at 11% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of  hyper automation was USD 20 Billion.The market growth is mainly owing to the advancements in artificial intelligence and machine learning. These technologies enable automation tools to learn and adapt to different scenarios, making them more intelligent and capable of handling complex tasks. According to data, global spending on AI systems reached nearly USD 51 billion in the year 2021.

In addition, the hyper-automation market refers to the adoption and implementation of advanced technologies and tools to automate and optimize business processes across various industries. There has been surging investment in cloud-based technology in order to reduce the data storage space, and cost.


Hyper Automation Market
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Hyper Automation Sector: Growth Drivers and Challenges

Growth Drivers

  • Demand for Increased Efficiency and Cost Reduction: Organizations are constantly seeking ways to enhance operational efficiency, reduce costs, and achieve higher productivity. Hyper-automation enables them to automate complex and time-consuming processes, leading to improved efficiency and cost savings.
  • Rising Adoption of Robotic Process Automation: Robotic process automation (RPA) has gained widespread adoption in various industries. RPA allows organizations to automate repetitive tasks and workflows, reducing the need for human intervention and increasing accuracy and speed.
  • Increasing Need for Digital Transformation: As businesses strive to stay competitive in the digital age, digital transformation has become a strategic imperative. Hyper-automation plays a crucial role in digital transformation initiatives by automating manual processes. Worldwide spending on digital transformation technologies and services was noted to reach USD 1.4 trillion in 2021, representing a 10.4% increase compared to 2019.

Challenges

  • Resistance to Change: One of the primary challenges is resistance to change within an organization. Employees may be accustomed to existing processes and technologies, making it difficult to adopt new digital tools and workflows. Overcoming resistance and fostering a culture of change and innovation is crucial for successful digital transformation.
  • Legacy Systems and Technical Debt: Many organizations have legacy systems that are outdated, inflexible, and not compatible with modern digital solutions.
  • Lack of Digital Skills and Talent

Hyper Automation Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~11%

Base Year Market Size (2022)

~ USD 20 Billion

Forecast Year Market Size (2035)

~ USD 44 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Hyper Automation Segmentation

End User (Manufacturing, Automotive, Healthcare)

The healthcare end-use segment is set to gain largest hyper automation market share by the year 2035, impelled by the presence of a large number of patients requiring treatment for various conditions in the healthcare sector. The hospitals, where hyper automation is used are also growing rapidly in number.

Technology (Robotic Process Automation, Artificial Intelligence, Machine Learning)

The artificial intelligence (AI) segment is estimated to witness significant growth rate till 2035. The growth of the segment can be accredited to the increasing data availability. The proliferation of digital technologies has resulted in a massive amount of data being generated every day. AI thrives on data, and the availability of large datasets enables AI algorithms to learn and improve their performance.

The growth of data from various sources such as social media, sensors, and IoT devices fuels the demand for AI solutions. The development of high-performance computing infrastructure, including GPUs (Graphics Processing Units) and specialized AI chips, has significantly improved the speed and efficiency of AI algorithms.

Our in-depth analysis of the global market includes the following segments:

           Technology

  • Robotic Process Automation
  • Artificial Intelligence
  • Machine Learning
  • Others

          End User

  • Manufacturing
  • Automotive
  • Healthcare
  • Others

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Hyper Automation Industry - Regional Synopsis

North American Market Statistics

The hyper automation market in the North America is projected to dominate revenue share through 2035. This domination can be ascribed to technological advancements in the region.

North America is a hub for technological innovation, with many leading technology companies. Continuous advancements in artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and other automation technologies will drive the growth of the market.

APAC Market Forecast

Asia Pacific market is anticipated to observe lucrative growth opportunities by the end of 2035. The regional growth is owing to the growing tech ecosystem and startups in the region.

The APAC region has a thriving tech ecosystem, with the presence of numerous startups and tech companies focusing on automation and AI. These innovative startups are driving the development and adoption of hyperautomation solutions tailored to the specific needs of the APAC market. According to a report, APAC-based startups received over USD 83 billion in funding in 2021, surpassing the funding received by North American startups.

Research Nester
Hyper Automation Market Share
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Companies dominating the Hyper Automation Landscape

top-features-companies
    • Solvexis Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Microsoft Corporation
    • International Business Machines Corporation
    • Rockwell Automation Inc.
    • SAP SE
    • Wipro Ltd.
    • SAS Institute Inc.
    • Allerin tech Pvt. ltd.
    • OneGlobe LLC
    • Mitsubishi Electric Corp.
    • Infosys Ltd.

In-the-news

In The News

  • SAS to collaborate with European Banking Federation to provide AI services for banks worldwide to enable automated machine learning.
  • Wipro limited to collaborate with IBM Corporation to provide security across public or private cloud and on-premises IT environment.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 3960
  • Published Date: May 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing adoption of automation technology in the pharmaceutical industry is the major factor driving the market growth.

The market size of hyper automation is anticipated to attain a CAGR of ~11% over the forecast period, i.e., 2023-2035.

Lack of skilled manpower in the hyper automation is estimated to be the growth hindering factor for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market Microsoft Corporation, IBM Corporation, Rockwell Automation Inc., SAP SE, Wipro Ltd., Allerin tech Pvt. ltd., OneGlobe LLC, Mitsubishi Electric Corp., Infosys Ltd., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by technology, end user, and by region.

The healthcare segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Hyper Automation Market Report Scope
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