What is hyper automation, and how does it differ from traditional automation?

Hyper automation refers to the use of advanced technologies, such as artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and intelligent business management software, to automate a wide range of business processes and tasks. Unlike traditional automation, hyper automation focuses on end-to-end automation, combining multiple automation tools to streamline complex workflows, enhance operational efficiency, and enable organizations to achieve higher levels of automation across their business processes.

How big is Hyper Automation Market?

The Global Hyper Automation Market size is expected to be worth around USD 155 Billion by 2032 from USD 36 Billion in 2022 , growing at a CAGR of 16.30% during the forecast period from 2023 to 2032.

What are the primary benefits of adopting a hyper automation approach?

The adoption of a hyper automation approach offers several benefits, including increased productivity, improved process efficiency, enhanced scalability, reduced error rates, and the facilitation of data-driven decision-making. Furthermore, it enables organizations to streamline complex workflows, foster innovation, and achieve a competitive edge by accelerating time-to-market for products and services.

What is hyper automation examples?

Some examples of hyper automation include the use of AI-powered chatbots for customer service, the implementation of RPA for automating repetitive tasks across different departments, the application of ML algorithms for predictive analytics in decision-making processes, and the utilization of process mining tools to identify areas for operational improvements and optimizations.

Who are the key players in Hyper Automation Market?

Key players in the hyper automation market include technology giants such as ALTERYX, INC., SolveXia, Mitsubishi Electric Corporation, Catalytic Company, Automation Anywhere, Inc., Tata Consultancy Services Ltd., Wipro Ltd., Honeywell International Inc., OneGlobe LLC, Allerin Tech Pvt. Ltd., and Other Key Players

Hyper Automation Market Size

Global Hyper Automation Market By Component (Hardware, Software, and Services), By Technology (Robotic Process Automation (RPA), Biometrics, Natural Learning Generation, Context–Aware Computing, Chatbots, Machine Learning, and Other Technologies), By Function, By End-User, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Published date:
Nov. 2023
Report ID:
101208
Number of Pages:
316
Format:

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