Surge In Automation Adoption Fuels Hyperautomation Market Growth Driving Market Acceleration in the Hyperautomation Industry, 2025

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How Large Will the Hyperautomation Market Size By 2025?
In recent times, there has been substantial growth in the hyperautomation market size. Projected to escalate from a market worth of $55.79 billion in 2024 to an increased value of $65.39 billion in 2025, it is set to exhibit a compound annual growth rate (CAGR) of 17.2%. The momentum gained in the past years can be accredited to the rise in digital transformation initiatives, the integration of internet of things (iot), the widespread adoption of cloud computing, an increase in business process complexity and a high demand for scalability and flexibility.

How Big Is the Hyperautomation Market Size Expected to Grow by 2029?
The market for hyperautomation is set to experience a swift expansion in the coming years, with expectations to reach a worth of $123.8 billion in 2029, increasing at a compound annual growth rate (CAGR) of 17.3%. This predicted growth over the forecast period is mainly due to the rising demand for productivity and cost-saving measures, ongoing advancements in artificial intelligence (AI) and machine learning (ML), a growing focus on automating cybersecurity, the rapid progress of edge computing, and the spread of hyperautomation into small and medium-sized enterprises (SMEs). Key trends projected for this forecast period comprise human augmentation and collaboration, explainable AI and ethical implications, autonomous systems and intelligent workflows, the spread of hyperautomation into edge devices, and technological progressions.

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Which Key Market Drivers Powering Hyperautomation Market Expansion and Growth?
The escalating adoption of automation is anticipated to propel the hyperautomation market's expansion in the future. Defined as the establishment and utilization of technologies for the production and delivery of goods and services with minimal human input, automation taps into hyperautomation. This harnesses advanced tech like artificial intelligence, machine learning, and robotic process automation in a synergistic fashion. This, in turn, allows organizations to simplify intricate workflows, enhance efficacy, and realize digital transformation via the automation of routine and complex, knowledge based tasks. Take, for example, a January 2024 report by US-based software firm Kissflow Inc., highlighting an annual growth rate of 14% in automated jobs. The report predicts that by 2024, a staggering 69% of managerial tasks will be automated. Thus, the higher adoption of automation contributes to the growth of the hyperautomation market.

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Which Fast-Growing Trends Are Poised to Disrupt the Hyperautomation Market?
Notable businesses in the hyperautomation sector are focusing on creating cutting-edge technology, such as a unified iPaaS solution, to enable low-code software developers to swiftly and effortlessly design reusable connectors as needed. A Unified Integration Platform as a Service (iPaaS) solution is an all-inclusive, centrally managed cloud-based platform that streamlines the integration of various applications, data sources, and organizational systems. To illustrate, Tray.io, an integration platform entity based in the US, introduced their Tray Universal Automation Cloud in June 2022 to speed up enterprise hyperautomation. This system includes hundreds of pre-arranged connectors and can be linked to any application, database, or API. The Tray UAC utilizes AI to identify automation possibilities and enhance workflows.

What Are the Emerging Segments in the Hyperautomation Market?
The hyperautomation market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Technology: Robotic Process Automation, Machine Learning, Biometrics, Chatbots, Context Aware Computing, Natural Language Generation, Computer Vision
3) By Deployment: On-Premise, Cloud
4) By Function: marketing And Sales, Finance And Accounting, Human Resources, Operations And Supply Chain, Information Technology
5) By End Use: Manufacturing, Automotive, Banking, Financial Services And Insurance (BFSI), Healthcare, IT And Telecommunication, Retail, Transportation And Logistics, Other End Users

Subsegments:
1) By Hardware: Robotic Process Automation (RPA) Devices, IoT Devices, Edge Computing Devices
2) By Software: RPA Software, Workflow Automation Software, Artificial Intelligence (AI) And Machine Learning (ML) Software, Analytics And Business Intelligence Software
3) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services

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Who Are the Global Leaders in the Hyperautomation Market?
Major companies operating in the hyperautomation market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Intel Corporation, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Oracle Corporation, Mitsubishi Electric Corporation, SAP SE, Tata Consultancy Services Limited, Infosys Limited, Baidu Inc., Wipro Ltd., Genpact Limited, SAS Institute Inc., Nutanix Inc., Cyient Ltd., Automation Anywhere Inc., Cloudera Inc., BlackSwan Technologies Inc., Gorilla Technology Group, OneGlobe LLC, Tact.ai Technologies Inc., ClearBlade Inc., Gigaforce Inc., SolveXia Pty Ltd.

Which are the Top Profitable Regional Markets for the Hyperautomation Industry?
North America was the largest region in the hyperautomation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hyperautomation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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