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HYPER AUTOMATION MARKET ANALYSIS | COHERENT MARKET INSIGHTS

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Title: HYPER AUTOMATION MARKET ANALYSIS | COHERENT MARKET INSIGHTS


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
HYPER AUTOMATION MARKET ANALYSIS
  • Hyper Automation Market, by Technology (Robotic
    Process Automation (RPA), Machine Learning (ML),
    Chatbots, Biometrics, Natural Language
    Generation, and Context-aware Computing), by
    End-use Industry (Manufacturing, Automotive,
    Healthcare, BFSI, Retail, and Others), and by
    Region (North America, Europe, Asia Pacific,
    Latin America, Middle East, and Africa) - Size,
    Share, Outlook, and Opportunity Analysis, 2019 -
    2027

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Hyper Automation Market Insights
  • Global Hyper Automation Market is expected to
    witness a significant growth during the forecast
    period (20192027). The market growth is majorly
    attributed to increasing adoption of automated
    manufacturing processes by various industries
    such as pharmaceutical. In manufacturing Industry
    some jobs that were done by humans previously,
    are now performed by the machines. For instance,
    in May 2019, Thermax Limited, a provider of
    energy solutions, automated its chemical mixing
    process in Dahej, Gujarat plant. The company
    removed workers from chemical mixing process and
    created algorithm for each recipe. The machine
    operator feeds recipe to into a system and
    machines follows the instructions according to
    the preset algorithm. Furthermore, Thermax
    Limited started a new highly automated facility
    in the Sri City, Andhra Pradesh in 2019. Due to
    the hyper automation solutions, company is
    managed to reduce the production cycle from 4o
    days to 15 days.
  • Moreover, in order to adopt the hyper automation
    solutions, all the systems present in the end to
    end process should be integrated. There are many
    challenges associated with the integration of
    system such as selecting the right tools,
    monolithic systems maintenance of the system.
    Hence, integration of the system is major
    restraining factor for growth of the hyper
    automation market over the forecast period.

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Market Drivers
  • Increasing Demand for Hyper Automation Solutions
    in Emerging Economies of Asia Pacific, Owing to
    Transformation of Traditional Manufacturing
    Plants into Fully Automated Smart Factories is
    expected to drive the Market Positively in the
    Asia Pacific Region.
  • Asia Pacific held a dominant position in the
    global hyper automation market in 2018, and is
    estimated to retain its dominance over the
    forecast period. This is attributed to rapid
    conversion of traditional manufacturing plants
    into automated plants. For instance, in November
    2018, Rane Madras limited, a manufacturer of car
    parts, adopted automated solutions for its new
    plant in Gujarat of Mitsubishi Electric
    Corporation. Due to implementation of solutions
    there is significant decrease in energy
    consumption of plant. Moreover, various hyper
    automated solutions providers in India include
    Wipro limited, Infosys Limited, and Tata
    Consultancy Services Limited. These factors are
    expected to drive growth of the hyper automation
    market over the forecast period in the Asia
    Pacific region.

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  • Surge in demand for robotic process automation
    technology across the globe is expected to drive
    growth of the global hyper automation market.
  • Among technology type, robotic process
    automation segment accounted for 31.2 of the
    market share in 2018. Moreover, machine learning
    is expected to be the fastest growing segment
    exhibiting the highest CAGR of around 44.3
    during the forecast period.
  • Various companies are adopting the hyper
    automation solutions. For instance, in March
    2018, HCX Technology Partners, Inc adopted the
    robotic process automation solutions of the
    Automation Anywhere, Inc. HCX Technology
    Partners, Inc is the technology solution provider
    based in Philippines. It offers online HR-Payroll
    platforms to various companies.

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Key Players
  • Major players operating in the global hyper
    automation market include Automation Anywhere,
    Inc., SolveXia, Wipro Limited, UiPath, ALLERIN
    TECH PVT LTD, Appian,  OneGlobe LLC., Mitsubishi
    Electric Corporation, Catalytic Inc, Infosys
    Limited, and Tata Consultancy Services Limited.

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  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com/
    market-insight/hyper-automation-market-3754

11
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

12
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

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  • Thank You!
  • Kindly follow CMI Social Media Profiles
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  • https//www.coherentmarketinsights.com/
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