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The global hyper automation market size reached approximately USD 45.27 billion in 2023. The market is estimated to grow at a CAGR of 16.5% in the forecast period of 2024-2032, reaching a value of around USD 179.80 billion by 2032.
Hyper automation is an approach that involves the usage of multiple technologies or tools such as artificial intelligence (AI), machine learning, business process management, and robotic process automation (RPA), among others, for the automation of business and IT processes in an organisation.
Based on component, the market is divided into software, hardware, and services. On the basis of function, the market is classified into finance and accounting, human resource (HR), marketing and sales, operations and supply chain, and information technology (IT). On the basis of technology, the market is segmented into biometrics, computer vision, chatbots, context-aware computing, machine learning, natural language generation (NLG), and robotic process automation.
The hyper automation market segmentation, based on enterprise size, includes large-size enterprises and small and medium-size enterprises (SMEs). On the basis of end use, the market is categorised into automotive, BFSI, healthcare, IT and telecommunication, manufacturing, retail, and transportation and logistics, among others. The major regional markets of hyper automation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the hyper automation market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Large enterprises occupy a sizeable portion of the hyper automation market share owing to the early adoption of the latest technologies by these enterprises. These organisations generally have complex operations and can benefit from advanced tools and technology to improve their business agility and efficiency. The data accessibility and collaboration features of hyper automation tools ease data transfer in large organisations and offer seamless interaction between employees. Additionally, hyper automation can automate routine tasks and allow employees to focus on complex business operations.
North America accounts for a significant share of the global market due to the rapid digitalisation and adoption of advanced technologies. Several manufacturers in the region are implementing hyper automation to improve their productivity and reduce operational costs. Furthermore, the robust growth of the automotive sector propels the hyper automation market demand as many automakers are using a hyper-automation approach to lower production costs and manufacturing time. Many market players are also investing in technological advancements such as IoT and robotic automation to gain a competitive advantage.
Appian Corporation is a cloud computing and software company, incorporated in 1999 and headquartered in Virginia, the United States. The company aids enterprises in designing, automating, and optimising their business processes.
UiPath, founded in 2005, is a software company that manufactures robotic process automation software. The company, based in New York, the United States, offers automation services to the banking and finance, insurance, healthcare, and manufacturing sectors, among others.
Wipro Limited, established in 1945, is a multinational technology company that has its headquarters in Bengaluru, India. It provides services such as artificial intelligence, business processes, cloud, and cybersecurity, among others.
Other hyper automation market players include IBM Corporation, Automation Anywhere, Inc., SolveXia Pty Ltd., OneGlobe LLC, Simple Fractal, ElectroNeek Robotics Inc., and Digital Catalyst LLC, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Function |
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Breakup by Technology |
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Breakup by Enterprise Size |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hyper Automation Market Analysis
8.1 Key Industry Highlights
8.2 Global Hyper Automation Historical Market (2018-2023)
8.3 Global Hyper Automation Market Forecast (2024-2032)
8.4 Global Hyper Automation Market by Component
8.4.1 Software
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hardware
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Hyper Automation Market by Function
8.5.1 Finance and Accounting
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Human Resource (HR)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Marketing and Sales
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Operations and Supply Chain
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Information Technology (IT)
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.6 Global Hyper Automation Market by Technology
8.6.1 Biometrics
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Computer Vision
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Chatbots
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Context–Aware Computing
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Machine Learning
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Natural Language Generation (NLG)
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Robotic Process Automation
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.7 Global Hyper Automation Market by Enterprise Size
8.7.1 Large-Size Enterprises
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Small and Medium-size Enterprises (SMEs)
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Hyper Automation Market by End Use
8.8.1 Automotive
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 BFSI
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Healthcare
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 IT and Telecommunication
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Manufacturing
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Retail
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Transportation and Logistics
8.8.7.1 Historical Trend (2018-2023)
8.8.7.2 Forecast Trend (2024-2032)
8.8.8 Others
8.9 Global Hyper Automation Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Hyper Automation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hyper Automation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hyper Automation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hyper Automation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hyper Automation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Appian Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 UiPath
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Wipro Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 IBM Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Automation Anywhere, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 SolveXia Pty Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 OneGlobe LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Simple Fractal
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 ElectroNeek Robotics Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Digital Catalyst LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hyper Automation Market: Key Industry Highlights, 2018 and 2032
2. Global Hyper Automation Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Hyper Automation Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Hyper Automation Historical Market: Breakup by Function (USD Billion), 2018-2023
5. Global Hyper Automation Market Forecast: Breakup by Function (USD Billion), 2024-2032
6. Global Hyper Automation Historical Market: Breakup by Technology (USD Billion), 2018-2023
7. Global Hyper Automation Market Forecast: Breakup by Technology (USD Billion), 2024-2032
8. Global Hyper Automation Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
9. Global Hyper Automation Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
10. Global Hyper Automation Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
11. Global Hyper Automation Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
12. Global Hyper Automation Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Hyper Automation Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Hyper Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Hyper Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Hyper Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Hyper Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Hyper Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Hyper Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Hyper Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Hyper Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Hyper Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Hyper Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Hyper Automation Market Structure
In 2023, the market reached an approximate value of USD 45.27 billion.
The market is projected to grow at a CAGR of 16.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 179.80 billion by 2032.
The major market drivers are a growing focus on digitalisation and increased usage of automation in the manufacturing sector.
The key trends of the market include the implementation of low-code solutions in hyper automation, commoditisation of robotic process automation (RPA) to make RPA more accessible, and robust growth of process mining in hyper automation.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various components are software, hardware, and services.
The key players in the market are Appian Corporation, UiPath, Wipro Limited, IBM Corporation, Automation Anywhere, Inc., SolveXia Pty Ltd., OneGlobe LLC, Simple Fractal, ElectroNeek Robotics Inc., and Digital Catalyst LLC, among others.
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