The North America Hyperautomation Market would witness market growth of 15.6% CAGR during the forecast period (2022-2028).
RPA and AI are the necessary components of hyperautomation since AI is what sets Digital Workers apart from conventional automation methods. Hyperautomation also provides another special advantage by revealing and automating previously unavailable data and processes: the development of a digital twin of the company (DTO). A DTO makes the connections between functions, processes, and key performance indicators that were previously invisible and apparent.
Hyperautomation, which removes human participation from low-value operations and produces data that delivers a degree of business information that was previously unavailable, is another important component of digital transformation. It may play a significant role in creating flexible organizations that can change quickly.
The US is also one of the top producers and exporters of technology for industrial automation and industrial robots. Canada and Mexico are two of their biggest destinations and marketplaces. IACS are becoming more and more in demand as industrialization and automation accelerate in both countries. According to the US government's official trade statistics, Canada purchased industrial robots and end-of-arm tooling equipment from the US in 2015 for a total of around 41 million dollars. In Canada, the automobile industry is where robots are most often used. As a result, the region's hyper-automation market is expanding due to the increasing use of industrial automation, which facilitates the quick deployment of smart manufacturing.
The US market dominated the North America Hyperautomation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20,338.5 million by 2028. The Canada market is poised to grow at a CAGR of 18.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 17.2% during (2022 - 2028).
Based on Deployment, the market is segmented into Cloud and On-premise. Based on Technology, the market is segmented into Robotic Process Automation (RPA), Machine Learning & Natural Language Generation, Context Aware Computing & Chatbots, Biometrics, and Computer Vision. Based on Function, the market is segmented into Finance & Accounting, Information Technology (IT), Marketing & Sales, Operations & Supply Chain, and Others. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Enterprise Size, the market is segmented into Large-size Enterprises and Small- & Medium-size Enterprises (SMEs). Based on Vertical, the market is segmented into Telecom & IT, BFSI, Manufacturing, Automotive, Retail, Healthcare, Transportation & Logistics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wipro Limited, Honeywell International, Inc., Tata Consultancy Services Ltd., Mitsubishi Electric Corporation, Appian Corporation, UiPath, Inc., Automation Anywhere, Inc., OneGlobe, LLC, SolveXia Pty. Ltd., and Allerin Tech Pvt. Ltd.
RPA and AI are the necessary components of hyperautomation since AI is what sets Digital Workers apart from conventional automation methods. Hyperautomation also provides another special advantage by revealing and automating previously unavailable data and processes: the development of a digital twin of the company (DTO). A DTO makes the connections between functions, processes, and key performance indicators that were previously invisible and apparent.
Hyperautomation, which removes human participation from low-value operations and produces data that delivers a degree of business information that was previously unavailable, is another important component of digital transformation. It may play a significant role in creating flexible organizations that can change quickly.
The US is also one of the top producers and exporters of technology for industrial automation and industrial robots. Canada and Mexico are two of their biggest destinations and marketplaces. IACS are becoming more and more in demand as industrialization and automation accelerate in both countries. According to the US government's official trade statistics, Canada purchased industrial robots and end-of-arm tooling equipment from the US in 2015 for a total of around 41 million dollars. In Canada, the automobile industry is where robots are most often used. As a result, the region's hyper-automation market is expanding due to the increasing use of industrial automation, which facilitates the quick deployment of smart manufacturing.
The US market dominated the North America Hyperautomation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20,338.5 million by 2028. The Canada market is poised to grow at a CAGR of 18.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 17.2% during (2022 - 2028).
Based on Deployment, the market is segmented into Cloud and On-premise. Based on Technology, the market is segmented into Robotic Process Automation (RPA), Machine Learning & Natural Language Generation, Context Aware Computing & Chatbots, Biometrics, and Computer Vision. Based on Function, the market is segmented into Finance & Accounting, Information Technology (IT), Marketing & Sales, Operations & Supply Chain, and Others. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Enterprise Size, the market is segmented into Large-size Enterprises and Small- & Medium-size Enterprises (SMEs). Based on Vertical, the market is segmented into Telecom & IT, BFSI, Manufacturing, Automotive, Retail, Healthcare, Transportation & Logistics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wipro Limited, Honeywell International, Inc., Tata Consultancy Services Ltd., Mitsubishi Electric Corporation, Appian Corporation, UiPath, Inc., Automation Anywhere, Inc., OneGlobe, LLC, SolveXia Pty. Ltd., and Allerin Tech Pvt. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Deployment
- Cloud
- On-premises
By Technology
- Robotic Process Automation (RPA)
- Machine Learning & Natural Language Generation
- Context Aware Computing & Chatbots
- Biometrics
- Computer Vision
By Function
- Finance & Accounting
- Information Technology (IT)
- Marketing & Sales
- Operations & Supply Chain
- Others
By Component
- Hardware
- Software
- Services
By Enterprise Size
- Large-size Enterprises
- Small- & Medium-size Enterprises (SMEs)
By Vertical
- Telecom & IT
- BFSI
- Manufacturing
- Automotive
- Retail
- Healthcare
- Transportation & Logistics
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Wipro Limited
- Honeywell International, Inc
- Tata Consultancy Services Ltd
- Mitsubishi Electric Corporation
- Appian Corporation
- UiPath, Inc
- Automation Anywhere, Inc
- OneGlobe, LLC
- SolveXia Pty. Ltd
- Allerin Tech Pvt. Ltd
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Hyperautomation Market, by Deployment
1.4.2 North America Hyperautomation Market, by Technology
1.4.3 North America Hyperautomation Market, by Function
1.4.4 North America Hyperautomation Market, by Component
1.4.5 North America Hyperautomation Market, by Enterprise Size
1.4.6 North America Hyperautomation Market, by Vertical
1.4.7 North America Hyperautomation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, May - 2022, Nov) Leading Players
Chapter 4. North America Hyperautomation Market by Deployment
4.1 North America Cloud Market by Country
4.2 North America On-premise Market by Country
Chapter 5. North America Hyperautomation Market by Technology
5.1 North America Robotic Process Automation (RPA) Market by Country
5.2 North America Machine Learning & Natural Language Generation Market by Country
5.3 North America Context Aware Computing & Chatbots Market by Country
5.4 North America Biometrics Market by Country
5.5 North America Computer Vision Market by Country
Chapter 6. North America Hyperautomation Market by Function
6.1 North America Finance & Accounting Market by Country
6.2 North America Information Technology (IT) Market by Country
6.3 North America Marketing & Sales Market by Country
6.4 North America Operations & Supply Chain Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Hyperautomation Market by Component
7.1 North America Hardware Market by Country
7.2 North America Software Market by Country
7.3 North America Services Market by Country
Chapter 8. North America Hyperautomation Market by Enterprise Size
8.1 North America Large-size Enterprises Market by Country
8.2 North America Small- & Medium-size Enterprises (SMEs) Market by Country
Chapter 9. North America Hyperautomation Market by Vertical
9.1 North America Telecom & IT Market by Country
9.2 North America BFSI Market by Country
9.3 North America Manufacturing Market by Country
9.4 North America Automotive Market by Country
9.5 North America Retail Market by Country
9.6 North America Healthcare Market by Country
9.7 North America Transportation & Logistics Market by Country
9.8 North America Others Market by Country
Chapter 10. North America Hyperautomation Market by Country
10.1 US Hyperautomation Market
10.1.1 US Hyperautomation Market by Deployment
10.1.2 US Hyperautomation Market by Technology
10.1.3 US Hyperautomation Market by Function
10.1.4 US Hyperautomation Market by Component
10.1.5 US Hyperautomation Market by Enterprise Size
10.1.6 US Hyperautomation Market by Vertical
10.2 Canada Hyperautomation Market
10.2.1 Canada Hyperautomation Market by Deployment
10.2.2 Canada Hyperautomation Market by Technology
10.2.3 Canada Hyperautomation Market by Function
10.2.4 Canada Hyperautomation Market by Component
10.2.5 Canada Hyperautomation Market by Enterprise Size
10.2.6 Canada Hyperautomation Market by Vertical
10.3 Mexico Hyperautomation Market
10.3.1 Mexico Hyperautomation Market by Deployment
10.3.2 Mexico Hyperautomation Market by Technology
10.3.3 Mexico Hyperautomation Market by Function
10.3.4 Mexico Hyperautomation Market by Component
10.3.5 Mexico Hyperautomation Market by Enterprise Size
10.3.6 Mexico Hyperautomation Market by Vertical
10.4 Rest of North America Hyperautomation Market
10.4.1 Rest of North America Hyperautomation Market by Deployment
10.4.2 Rest of North America Hyperautomation Market by Technology
10.4.3 Rest of North America Hyperautomation Market by Function
10.4.4 Rest of North America Hyperautomation Market by Component
10.4.5 Rest of North America Hyperautomation Market by Enterprise Size
10.4.6 Rest of North America Hyperautomation Market by Vertical
Chapter 11. Company Profiles
11.1 Wipro Limited
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Acquisition and Mergers:
11.1.6 SWOT Analysis
11.2 Honeywell International, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Acquisition and Mergers:
11.2.6 SWOT Analysis
11.3 Tata Consultancy Services Ltd.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expenses
11.3.5 Recent Strategies and Developments:
11.3.5.1 Product Launches and Product Expansions:
11.3.6 SWOT Analysis
11.4 Mitsubishi Electric Corporation
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Acquisition and Mergers:
11.5 Appian Corporation
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.5.5.2 Acquisition and Mergers:
11.6 UiPath, Inc.
11.6.1 Company Overview
11.6.2 Recent strategies and developments:
11.6.2.1 Partnerships, Collaborations, and Agreements:
11.6.2.2 Product Launches and Product Expansions:
11.6.2.3 Acquisition and Mergers:
11.7 Automation Anywhere, Inc.
11.7.1 Company Overview
11.7.2 Recent strategies and developments:
11.7.2.1 Partnerships, Collaborations, and Agreements:
11.7.2.2 Product Launches and Product Expansions:
11.8 OneGlobe, LLC
11.8.1 Company Overview
11.9 SolveXia Pty. Ltd.
11.9.1 Company Overview
11.10. Allerin Tech Pvt. Ltd.
11.10.1 Company Overview
Companies Mentioned
- Wipro Limited
- Honeywell International, Inc.
- Tata Consultancy Services Ltd.
- Mitsubishi Electric Corporation
- Appian Corporation
- UiPath, Inc.
- Automation Anywhere, Inc.
- OneGlobe, LLC
- SolveXia Pty. Ltd.
- Allerin Tech Pvt. Ltd.
Methodology
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