Hyper Automation Market Size (By Technology: Biometrics, Context–Aware Computing, Natural Learning Generation, Chatbots, Machine Learning, and Robotic Process Automation; By Organization Size: Large Enterprises and SMEs; and By Industry Vertical: Manufacturing, Pharma and Healthcare, BFSI, Energy and Utilities, IT & Telecom, Retail, Automotive, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast 2022 – 2030

The global market for hyper automation accounted for US$ 7,103 Mn in 2021 and is estimated to reach US$ 32,632 Mn by 2030, with a significant CAGR of 18.7% from 2022 to 2030.

Hyper automation is the idea of automating everything that can be automated in a company. Organizations that use hyper automation strive to use robotic process automation (RPA), artificial intelligence (AI), and other technologies to conduct processes without human intervention across their whole organization. Hyper automation is a high-speed method to include everyone in corporate transformation, aided by the automation of increasingly complicated labor that relies on human knowledge input. Hyper automation brings together several components of process automation, integrating tools and technologies that amplify the ability to automate work. It starts with robotic process automation (RPA) at its core and expands automation capability with artificial intelligence (AI), analytics, process mining, and other advanced tools.

Market Growth Drivers

• Growth in digitalization
• Increased penetration towards automation
• Increasing implementation of robotic process automation

Market Restraints

• Lack of skilled professionals
• High initial cost

Market Opportunities

• Surging investments in automation technology
• Growing demand for automation in manufacturing and construction industry

Report Coverage: 

Market Dynamics

Growing digitalization throughout the world is the primary factor driving the global hyper automation market growth. Because of the growing demand for business automation, the most common use of a digital process automation tool is in businesses that require efficient back-end processing administration. As a result, more businesses, such as BFSI companies, manufacturing industries, and e-commerce merchants are being established. The increased penetration of enterprises towards automation is also expanding the growth of the market. By automating all of the repetitive manual tasks previously performed by humans, an enterprise can significantly speed up operations while reducing errors. It frees up staff to work on more difficult or creative tasks. Automation can also help an organization cut costs. A business can save hundreds of hours and money by digitizing and automating processes like document management, data entry, financial processes, and approval workflows.

Additionally, increasing adoption of robotic automation processes will also skyrocket the demand for the hyper automation industry. Hyper automation transforms current and old processes and equipment using artificial intelligence (AI), machine learning, and robotic process automation (RPA). This digital transition can help a company save money and resources, allowing it to compete in a more competitive market.

On the other hand, the lack of skilled professionals and high initial cost are some of the aspects that are expected to hold back the market growth for a brief period of time. An increasing number of investments and the rising focus of small and medium enterprises are the aspects that would gradually push up the number of professionals and reduce the cost of automation over time. One of the global hyper automation market trends that have generated lucrative opportunities is the rising demand for automation in the manufacturing and construction industry. Technology is progressing, and every industry is attempting to keep up with the changes. Hyper automation in construction safety assists businesses in detecting safety infractions so that they do not become liabilities. As a result of the widespread benefits of automation, many industries are shifting their focus toward it, thereby supporting the growth of the hyper automation market.

Market Segmentation

Technology, organization size, industry vertical, and region are all used to segment the worldwide hyper automation market.

Market By Technology

• Biometrics
• Context–Aware Computing
• Natural Learning Generation
• Chatbots
• Machine Learning (ML)
• Robotic Process Automation (RPA)

Based on our analysis, the robotic process automation (RPA) segment is projected to achieve a considerable market share in 2021. The growing dominance of robotic processes in large manufacturing industries, healthcare settings, automotive & transportation, retail, etc. is fueling the RPA market demand. Furthermore, according to the most recent study, more than 80% of big businesses will implement robotic process automation by 2022, with 60% already doing so. Meanwhile, the machine learning segment is likely to attain the fastest growth rate during the forecast period 2022 – 2030.

Market By Organization Size

• Large Enterprises
• SMEs

By organization size, the SMEs segment accounted for a substantial growth rate throughout the forecast timeframe 2022 – 2030. One of the primary factors expected to drive the market for hyper automation during the forecast period is an increase in automation adoption in small and medium-sized enterprises, which account for roughly 90% of global business (as stated by the World Bank). Moreover, the large enterprises have gathered a noteworthy amount of share in the organization size segment in 2021.

Market By Industry Vertical

• IT & Telecom
• Retail
• BFSI
• Pharma and Healthcare
• Manufacturing
• Automotive
• Energy and Utilities
• Others 

Among all the industry verticals, the BFSI segment generated significant revenue in 2021. The segment's rapid growth can be attributed to a rapidly changing regulatory landscape, increased demand for digital products and services, lower entry barriers for related industries, and a fragile global economy. Most processes in the BFSI sector can be streamlined using hyperautomation solutions. It has enormous potential in the BFSI sector, promising increased productivity, profits, and customer experience.

Hyper Automation Market Regional Overview

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Latin America

• Brazil
• Mexico
• Rest of Latin America

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Middle East & Africa

• GCC
• South Africa
• Rest of the Middle East & Africa

The increasing adoption of technology across numerous industry verticals fuels the Asia-Pacific market growth

Based on our analysis, the Asia-Pacific region occupied a substantial market share in 2021. Some of the leading factors that are supporting the Asia-Pacific region include growing internet penetration, rapid conversion of traditional manufacturing plants into automated plants, and a rise in demand for automation in the construction industry. North America region also accounted for a substantial market share in 2021 due to the presence of key players, early adoption of technologies, and increasing implementation of automation in the automotive and healthcare industry.

Competitive Landscape

Some of the top vendors offered in the professional report include Appian, Allerin Tech Pvt. Ltd., Automation Anywhere Inc., SolveXia, Catalytic Inc., OneGlobe LLC, Mitsubishi Electric Corporation, Tata Consultancy Services Limited, UiPath, and Wipro Ltd.