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Hyperautomation Market By Offering, By Deployment Mode, By Enterprise Size, By Application, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 335 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725371
Hyperautomation is a digital transformation with the help of advanced techniques such as Robotic Process Automation (RPA), Machine Learning (ML), and Artificial Intelligence (AI). It automates complicated business processes, and reduces the need of technology experts. In addition, hyperautomation is also referred as an expansion of the processes of traditional business-process automation. It allows automation to do virtual tasks performed by businesses through merging of AI technologies with RPA.

Digitalization of the traditional manufacturing plants and increased adoption of automated manufacturing processes by various industries drive the growth of the market. In addition, high growth of digital transformation with advanced techniques in hyperautomation fuels the growth of the market. However, lack of skilled manpower and trainers in hyperautomation and high initial cost of automation system are expected to impede the market growth. Furthermore, increase in demand for automation among major industries is expected to provide lucrative opportunities for the market growth.

The global hyperautomation market is segmented based on offering, deployment mode, enterprise size, application, industrial vertical, and region By offering, it is divided into solution and service. By deployment mode, it is classified into on-premise and cloud. By enterprise size, it is divided into large enterprise size and SMEs. By application, it is fragmented into, supply chain, sales and marketing, finance, human resources (HR) and others. In terms of industrial vertical, the market is classified into BFSI, IT and telecom, healthcare, manufacturing, retail and consumer goods, transportation and logistics and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the hyperautomation market are Appian, Automation Anywhere, ALLERIN TECH PVT LTD, Catalytic, Celonis, Decisions, ElectroNeek Robotics Inc, G1ANT, Laiye, OneGlobe LLC, Infosys Limited, SolveXia, Tata Consultancy services, Microsoft Corporation, IBM Corporation, ProcessMaker and Automate. io. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hyperautomation market analysis from 2021 to 2031 to identify the prevailing hyperautomation market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the hyperautomation market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global hyperautomation market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Enterprise Size

  • Large Enterprises
  • SMEs

By Application

  • Finance
  • Human resources (HR)
  • Others
  • Supply Chain
  • Sales and Marketing

By Industry Vertical

  • BFSI
  • Sector Type
  • Banks
  • Insurance Companies
  • Others
  • IT and Telecom
  • Healthcare
  • Manufacturing
  • Retail and Consumer Goods
  • Transportation and Logistics
  • Others

By Offering

  • Solution
  • Solution Type
  • Standalone
  • Integrated
  • Service
  • Service Type
  • Professional Services
  • Managed Services

By Deployment Mode

  • On-premise
  • Cloud

By Region

  • North America
  • U. S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest Of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • HCX Technology Partners, Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: HYPERAUTOMATION MARKET, BY OFFERING
4.1 Overview
4.1.1 Market size and forecast
4.2 Solution
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.2.4 Solution Hyperautomation Market by Solution Type
4.2.4.1 Standalone Market size and forecast, by region
4.2.4.2 Standalone Market size and forecast, by country
4.2.4.3 Integrated Market size and forecast, by region
4.2.4.4 Integrated Market size and forecast, by country
4.3 Service
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.3.4 Service Hyperautomation Market by Service Type
4.3.4.1 Professional Services Market size and forecast, by region
4.3.4.2 Professional Services Market size and forecast, by country
4.3.4.3 Managed Services Market size and forecast, by region
4.3.4.4 Managed Services Market size and forecast, by country

CHAPTER 5: HYPERAUTOMATION MARKET, BY DEPLOYMENT MODE
5.1 Overview
5.1.1 Market size and forecast
5.2 On-premise
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Cloud
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: HYPERAUTOMATION MARKET, BY ENTERPRISE SIZE
6.1 Overview
6.1.1 Market size and forecast
6.2 Large Enterprises
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 SMEs
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country

CHAPTER 7: HYPERAUTOMATION MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2 Supply Chain
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Sales and Marketing
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Finance
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Human resources (HR)
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country
7.6 Others
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market analysis by country

CHAPTER 8: HYPERAUTOMATION MARKET, BY INDUSTRY VERTICAL
8.1 Overview
8.1.1 Market size and forecast
8.2 BFSI
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.2.4 BFSI Hyperautomation Market by Sector Type
8.2.4.1 Banks Market size and forecast, by region
8.2.4.2 Banks Market size and forecast, by country
8.2.4.3 Insurance Companies Market size and forecast, by region
8.2.4.4 Insurance Companies Market size and forecast, by country
8.2.4.5 Others Market size and forecast, by region
8.2.4.6 Others Market size and forecast, by country
8.3 IT and Telecom
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Healthcare
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
8.5 Manufacturing
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by region
8.5.3 Market analysis by country
8.6 Retail and Consumer Goods
8.6.1 Key market trends, growth factors and opportunities
8.6.2 Market size and forecast, by region
8.6.3 Market analysis by country
8.7 Transportation and Logistics
8.7.1 Key market trends, growth factors and opportunities
8.7.2 Market size and forecast, by region
8.7.3 Market analysis by country
8.8 Others
8.8.1 Key market trends, growth factors and opportunities
8.8.2 Market size and forecast, by region
8.8.3 Market analysis by country

CHAPTER 9: HYPERAUTOMATION MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Offering
9.2.2.1 North America Solution Hyperautomation Market by Solution Type
9.2.2.2 North America Service Hyperautomation Market by Service Type
9.2.3 North America Market size and forecast, by Deployment Mode
9.2.4 North America Market size and forecast, by Enterprise Size
9.2.5 North America Market size and forecast, by Application
9.2.6 North America Market size and forecast, by Industry Vertical
9.2.6.1 North America BFSI Hyperautomation Market by Sector Type
9.2.7 North America Market size and forecast, by country
9.2.7.1 U. S.
9.2.7.1.1 Market size and forecast, by Offering
9.2.7.1.1.1 U. S. Solution Hyperautomation Market by Solution Type
9.2.7.1.1.2 U. S. Service Hyperautomation Market by Service Type
9.2.7.1.2 Market size and forecast, by Deployment Mode
9.2.7.1.3 Market size and forecast, by Enterprise Size
9.2.7.1.4 Market size and forecast, by Application
9.2.7.1.5 Market size and forecast, by Industry Vertical
9.2.7.1.5.1 U. S. BFSI Hyperautomation Market by Sector Type
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Offering
9.2.7.2.1.1 Canada Solution Hyperautomation Market by Solution Type
9.2.7.2.1.2 Canada Service Hyperautomation Market by Service Type
9.2.7.2.2 Market size and forecast, by Deployment Mode
9.2.7.2.3 Market size and forecast, by Enterprise Size
9.2.7.2.4 Market size and forecast, by Application
9.2.7.2.5 Market size and forecast, by Industry Vertical
9.2.7.2.5.1 Canada BFSI Hyperautomation Market by Sector Type
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Offering
9.3.2.1 Europe Solution Hyperautomation Market by Solution Type
9.3.2.2 Europe Service Hyperautomation Market by Service Type
9.3.3 Europe Market size and forecast, by Deployment Mode
9.3.4 Europe Market size and forecast, by Enterprise Size
9.3.5 Europe Market size and forecast, by Application
9.3.6 Europe Market size and forecast, by Industry Vertical
9.3.6.1 Europe BFSI Hyperautomation Market by Sector Type
9.3.7 Europe Market size and forecast, by country
9.3.7.1 Germany
9.3.7.1.1 Market size and forecast, by Offering
9.3.7.1.1.1 Germany Solution Hyperautomation Market by Solution Type
9.3.7.1.1.2 Germany Service Hyperautomation Market by Service Type
9.3.7.1.2 Market size and forecast, by Deployment Mode
9.3.7.1.3 Market size and forecast, by Enterprise Size
9.3.7.1.4 Market size and forecast, by Application
9.3.7.1.5 Market size and forecast, by Industry Vertical
9.3.7.1.5.1 Germany BFSI Hyperautomation Market by Sector Type
9.3.7.2 UK
9.3.7.2.1 Market size and forecast, by Offering
9.3.7.2.1.1 UK Solution Hyperautomation Market by Solution Type
9.3.7.2.1.2 UK Service Hyperautomation Market by Service Type
9.3.7.2.2 Market size and forecast, by Deployment Mode
9.3.7.2.3 Market size and forecast, by Enterprise Size
9.3.7.2.4 Market size and forecast, by Application
9.3.7.2.5 Market size and forecast, by Industry Vertical
9.3.7.2.5.1 UK BFSI Hyperautomation Market by Sector Type
9.3.7.3 France
9.3.7.3.1 Market size and forecast, by Offering
9.3.7.3.1.1 France Solution Hyperautomation Market by Solution Type
9.3.7.3.1.2 France Service Hyperautomation Market by Service Type
9.3.7.3.2 Market size and forecast, by Deployment Mode
9.3.7.3.3 Market size and forecast, by Enterprise Size
9.3.7.3.4 Market size and forecast, by Application
9.3.7.3.5 Market size and forecast, by Industry Vertical
9.3.7.3.5.1 France BFSI Hyperautomation Market by Sector Type
9.3.7.4 Italy
9.3.7.4.1 Market size and forecast, by Offering
9.3.7.4.1.1 Italy Solution Hyperautomation Market by Solution Type
9.3.7.4.1.2 Italy Service Hyperautomation Market by Service Type
9.3.7.4.2 Market size and forecast, by Deployment Mode
9.3.7.4.3 Market size and forecast, by Enterprise Size
9.3.7.4.4 Market size and forecast, by Application
9.3.7.4.5 Market size and forecast, by Industry Vertical
9.3.7.4.5.1 Italy BFSI Hyperautomation Market by Sector Type
9.3.7.5 Spain
9.3.7.5.1 Market size and forecast, by Offering
9.3.7.5.1.1 Spain Solution Hyperautomation Market by Solution Type
9.3.7.5.1.2 Spain Service Hyperautomation Market by Service Type
9.3.7.5.2 Market size and forecast, by Deployment Mode
9.3.7.5.3 Market size and forecast, by Enterprise Size
9.3.7.5.4 Market size and forecast, by Application
9.3.7.5.5 Market size and forecast, by Industry Vertical
9.3.7.5.5.1 Spain BFSI Hyperautomation Market by Sector Type
9.3.7.6 Netherlands
9.3.7.6.1 Market size and forecast, by Offering
9.3.7.6.1.1 Netherlands Solution Hyperautomation Market by Solution Type
9.3.7.6.1.2 Netherlands Service Hyperautomation Market by Service Type
9.3.7.6.2 Market size and forecast, by Deployment Mode
9.3.7.6.3 Market size and forecast, by Enterprise Size
9.3.7.6.4 Market size and forecast, by Application
9.3.7.6.5 Market size and forecast, by Industry Vertical
9.3.7.6.5.1 Netherlands BFSI Hyperautomation Market by Sector Type
9.3.7.7 Rest of Europe
9.3.7.7.1 Market size and forecast, by Offering
9.3.7.7.1.1 Rest of Europe Solution Hyperautomation Market by Solution Type
9.3.7.7.1.2 Rest of Europe Service Hyperautomation Market by Service Type
9.3.7.7.2 Market size and forecast, by Deployment Mode
9.3.7.7.3 Market size and forecast, by Enterprise Size
9.3.7.7.4 Market size and forecast, by Application
9.3.7.7.5 Market size and forecast, by Industry Vertical
9.3.7.7.5.1 Rest of Europe BFSI Hyperautomation Market by Sector Type
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Offering
9.4.2.1 Asia-Pacific Solution Hyperautomation Market by Solution Type
9.4.2.2 Asia-Pacific Service Hyperautomation Market by Service Type
9.4.3 Asia-Pacific Market size and forecast, by Deployment Mode
9.4.4 Asia-Pacific Market size and forecast, by Enterprise Size
9.4.5 Asia-Pacific Market size and forecast, by Application
9.4.6 Asia-Pacific Market size and forecast, by Industry Vertical
9.4.6.1 Asia-Pacific BFSI Hyperautomation Market by Sector Type
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Offering
9.4.7.1.1.1 China Solution Hyperautomation Market by Solution Type
9.4.7.1.1.2 China Service Hyperautomation Market by Service Type
9.4.7.1.2 Market size and forecast, by Deployment Mode
9.4.7.1.3 Market size and forecast, by Enterprise Size
9.4.7.1.4 Market size and forecast, by Application
9.4.7.1.5 Market size and forecast, by Industry Vertical
9.4.7.1.5.1 China BFSI Hyperautomation Market by Sector Type
9.4.7.2 Japan
9.4.7.2.1 Market size and forecast, by Offering
9.4.7.2.1.1 Japan Solution Hyperautomation Market by Solution Type
9.4.7.2.1.2 Japan Service Hyperautomation Market by Service Type
9.4.7.2.2 Market size and forecast, by Deployment Mode
9.4.7.2.3 Market size and forecast, by Enterprise Size
9.4.7.2.4 Market size and forecast, by Application
9.4.7.2.5 Market size and forecast, by Industry Vertical
9.4.7.2.5.1 Japan BFSI Hyperautomation Market by Sector Type
9.4.7.3 India
9.4.7.3.1 Market size and forecast, by Offering
9.4.7.3.1.1 India Solution Hyperautomation Market by Solution Type
9.4.7.3.1.2 India Service Hyperautomation Market by Service Type
9.4.7.3.2 Market size and forecast, by Deployment Mode
9.4.7.3.3 Market size and forecast, by Enterprise Size
9.4.7.3.4 Market size and forecast, by Application
9.4.7.3.5 Market size and forecast, by Industry Vertical
9.4.7.3.5.1 India BFSI Hyperautomation Market by Sector Type
9.4.7.4 Australia
9.4.7.4.1 Market size and forecast, by Offering
9.4.7.4.1.1 Australia Solution Hyperautomation Market by Solution Type
9.4.7.4.1.2 Australia Service Hyperautomation Market by Service Type
9.4.7.4.2 Market size and forecast, by Deployment Mode
9.4.7.4.3 Market size and forecast, by Enterprise Size
9.4.7.4.4 Market size and forecast, by Application
9.4.7.4.5 Market size and forecast, by Industry Vertical
9.4.7.4.5.1 Australia BFSI Hyperautomation Market by Sector Type
9.4.7.5 South Korea
9.4.7.5.1 Market size and forecast, by Offering
9.4.7.5.1.1 South Korea Solution Hyperautomation Market by Solution Type
9.4.7.5.1.2 South Korea Service Hyperautomation Market by Service Type
9.4.7.5.2 Market size and forecast, by Deployment Mode
9.4.7.5.3 Market size and forecast, by Enterprise Size
9.4.7.5.4 Market size and forecast, by Application
9.4.7.5.5 Market size and forecast, by Industry Vertical
9.4.7.5.5.1 South Korea BFSI Hyperautomation Market by Sector Type
9.4.7.6 Rest of Asia-Pacific
9.4.7.6.1 Market size and forecast, by Offering
9.4.7.6.1.1 Rest of Asia-Pacific Solution Hyperautomation Market by Solution Type
9.4.7.6.1.2 Rest of Asia-Pacific Service Hyperautomation Market by Service Type
9.4.7.6.2 Market size and forecast, by Deployment Mode
9.4.7.6.3 Market size and forecast, by Enterprise Size
9.4.7.6.4 Market size and forecast, by Application
9.4.7.6.5 Market size and forecast, by Industry Vertical
9.4.7.6.5.1 Rest of Asia-Pacific BFSI Hyperautomation Market by Sector Type
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Offering
9.5.2.1 LAMEA Solution Hyperautomation Market by Solution Type
9.5.2.2 LAMEA Service Hyperautomation Market by Service Type
9.5.3 LAMEA Market size and forecast, by Deployment Mode
9.5.4 LAMEA Market size and forecast, by Enterprise Size
9.5.5 LAMEA Market size and forecast, by Application
9.5.6 LAMEA Market size and forecast, by Industry Vertical
9.5.6.1 LAMEA BFSI Hyperautomation Market by Sector Type
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Latin America
9.5.7.1.1 Market size and forecast, by Offering
9.5.7.1.1.1 Latin America Solution Hyperautomation Market by Solution Type
9.5.7.1.1.2 Latin America Service Hyperautomation Market by Service Type
9.5.7.1.2 Market size and forecast, by Deployment Mode
9.5.7.1.3 Market size and forecast, by Enterprise Size
9.5.7.1.4 Market size and forecast, by Application
9.5.7.1.5 Market size and forecast, by Industry Vertical
9.5.7.1.5.1 Latin America BFSI Hyperautomation Market by Sector Type
9.5.7.2 Middle East
9.5.7.2.1 Market size and forecast, by Offering
9.5.7.2.1.1 Middle East Solution Hyperautomation Market by Solution Type
9.5.7.2.1.2 Middle East Service Hyperautomation Market by Service Type
9.5.7.2.2 Market size and forecast, by Deployment Mode
9.5.7.2.3 Market size and forecast, by Enterprise Size
9.5.7.2.4 Market size and forecast, by Application
9.5.7.2.5 Market size and forecast, by Industry Vertical
9.5.7.2.5.1 Middle East BFSI Hyperautomation Market by Sector Type
9.5.7.3 Africa
9.5.7.3.1 Market size and forecast, by Offering
9.5.7.3.1.1 Africa Solution Hyperautomation Market by Solution Type
9.5.7.3.1.2 Africa Service Hyperautomation Market by Service Type
9.5.7.3.2 Market size and forecast, by Deployment Mode
9.5.7.3.3 Market size and forecast, by Enterprise Size
9.5.7.3.4 Market size and forecast, by Application
9.5.7.3.5 Market size and forecast, by Industry Vertical
9.5.7.3.5.1 Africa BFSI Hyperautomation Market by Sector Type

CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments

CHAPTER 11: COMPANY PROFILES
11.1 HCX Technology Partners, Inc.
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Hyperautomation Market,' the hyperautomation market size was valued at $6.9 billion in 2021, and is estimated to reach $98.3 billion by 2031, growing at a CAGR of 30.4% from 2022 to 2031.

Hyperautomation is the fusion of automation and robotics technologies such as artificial intelligence in a single system. Through this technology, robotic process automation is combined with technologies such as machine learning, deep learning, and natural language processing. By analyzing the data, artificial intelligence or machine learning facilitates decision-making.

Furthermore, digitalization of the traditional manufacturing plants and increased adoption of automated manufacturing processes by various industries drive the growth of the hyperautomation market. In addition, high growth of digital transformation with advanced techniques in hyperautomation fuels the growth of the hyperautomation market. However, lack of skilled manpower and trainers in hyperautomation and high initial cost of automation system is expected to impede the hyperautomation market growth. Furthermore, increase in demand for automation among major industries is expected to offer remunerative opportunities for expansion during the hyperautomation market forecast.

Depending on enterprise size, the hyperautomation market was dominated by large public sector, due to its cost saving benefits, along with other capabilities such as higher productivity and efficiencies which can be achieved through automation. However, SMEs are expected to witness growth at the highest rate during the forecast period, due to increased demand of advanced technology for operational efficiency and adoption of IoT technology, which further drives hyperautomation market demand.

Depending upon region, the hyperautomation market was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to the technological advancements in end-use industries such as healthcare, automotive, retail, and BFSI among others in the region. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to rapid conversion of traditional manufacturing plants into automated plants.

With the rapid spread of COVID-19, majority of people faced sudden surges in demand for financial resources, owing to sudden increase in panic among public, which, in turn, increased the number of transactions performed at a time. In addition, many companies are taking active initiatives to mitigate the impact of COVID-19 on business. For instance, in May 2020, Honeywell accelerated the development and production of vaccines and medical therapies through fast-track automation. For instance, in April 2020, ABB offered free access to software-as-a-service and digital application to help manufacturing plants and processing industries. Thus, such developments are expected to drive the growth of the Hyperautomation Industry.

KEY FINDINGS OF THE STUDY

By offering, the solution segment accounted for the largest hyperautomation market share in 2021.

By region, North America generated highest revenue in 2021.

By enterprise size, the large enterprise segment generated the highest revenue in 2021.

The key players profiled in the hyperautomation market analysis are Appian, Automation Anywhere, ALLERIN TECH PVT LTD, Catalytic, Celonis, Decisions, ElectroNeek Robotics Inc, G1ANT, Laiye, OneGlobe LLC, Infosys Limited, SolveXia, Tata Consultancy services, Microsoft Corporation, IBM Corporation, ProcessMaker and Automate.io. These players have adopted various strategies to increase their market penetration and strengthen their position in the hyperautomation industry.

Companies Mentioned

  • Appian
  • Automation Anywhere, Inc.
  • Allerin Tech Pvt Ltd.
  • Catalytic
  • Celonis
  • Decisions
  • Electroneek Robotics Inc.
  • G1Ant
  • Infosys Limited
  • IBM Corporation
  • Laiye
  • Microsoft Corporation
  • Oneglobe, LLC
  • Solvexia
  • Tata Consultancy Services

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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