Global Hyperautomation Market Insights Forecasts to 2033

• The Global Hyperautomation Market Size was Valued at USD 43.32 Billion in 2023
• The Market Size is Growing at a CAGR of 16.47% from 2023 to 2033
• The Worldwide Hyperautomation Market Size is Expected to Reach USD 198.96 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Hyperautomation Market Size is Anticipated to Exceed USD 198.96 Billion by 2033, Growing at a CAGR of 16.47% from 2023 to 2033.

Market Overview

Hyperautomation is a business-focused, disciplined process that enables organizations to rapidly discover inspects, and automates as many businesses and IT duties as possible. Hyperautomation is the systematic use of many technologies. Hyperautomation enables businesses to rapidly discover and automate as many activities as possible utilizing technologies such as robotic process automation (RPA), low-code application platforms (LCAP), artificial intelligence (AI), and virtual assistants. Tools including RPA, LCAP, and AI are considered process-independent software, making them easier to implement across numerous IT and business applications in any organization. Moreover, with increased global investment and rising demand for hyper automation, several organizations have expanded their current product offering, increasing consumer diversification. For instance in July 2023, Cashflo, a supply chain platform with integrated accounts payable, has launched payment and accounts payable automation, along with payments purchases artificial intelligence to automate operational processes in enterprises.

Furthermore, given the impact of increased competition, key market players started acquiring and partnering with other companies to expand their market penetration and reach worldwide. For instance in July 2023, "Symbotic LLC," a warehouse robotics supplier, confirmed that it has formed a business partnership with Softbank Group Corp, a Japanese investment firm, to create a funded joint venture company that could utilize Symbotic's technology to provide warehouse-as-a-service automation products.

Report Coverage

This research report categorizes the market for the hyperautomation market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the hyperautomation market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the hyperautomation market.

Driving Factors

Rising digitalization and automation of traditional industrial plants are one of the primary factors driving the hyperautomation market. Rapid breakthroughs in artificial intelligence (AI) and robotic process automation (RPA) are key drivers of the hyper-automation business. AI skills, such as natural language processing (NLP) and machine learning algorithms, allow systems to understand, learn, and adapt to complicated conditions. 

Restraining Factors

Setting up hyperautomated processes can be an expensive or high-cost investment for many businesses because of the advanced technologies required, in addition to the additional expense of training or utilizing qualified personnel who can handle such technologies.

Market Segmentation

The hyperautomation market share is classified into component, technology, function, and end use.

• The hardware segment is projected to grow at the highest CAGR during the forecast period.

Based on the component, the hyperautomation market is categorized into hardware, software, and services. Among these, the hardware segment is projected to grow at the highest CAGR during the forecast period. Automation hardware in industries improves efficiency and quality while decreasing errors in the manufacturing process due to the mobility, expandability, and adaptability of automation solutions. The hardware section covers machinery and equipment maintenance along with the installation of controlled power supply systems.

• The robotics process automation (RPA) segment is estimated to hold the largest market share through the forecast period.

Based on the technology, the hyperautomation market is categorized into robotic process automation (RPA), machine learning (Ml), biometrics, chatbots, context aware computing, natural language generation (NLG), and computer vision. Among these, the robotics process automation (RPA) segment is estimated to hold the largest market share through the forecast period. Robotic process automation frequently takes the form of a tool based on industry-specific automation technology principles. Companies are in increasing demand for storing massive amounts of daily data as complicated business tools such as data analytics become more prevalent. Furthermore, global corporations choose corporate data centers with high data security, which drives segment growth.

• The marketing & sales segment accounted for the largest revenue share over the forecast period.

Based on the function, the hyperautomation market is categorized into marketing & sales, finance & accounting, human resources (HR), operations & supply chain, information technology (IT). Among these, the marketing & sales segment accounted for the largest revenue share over the forecast period. Industries across the world have begun to rely on the automation of generative processes to provide better leads to sales teams and improve campaign accuracy. Sales and marketing automation is extensively used for website tracking and analytics it analyzes and discovers future potential customers on the website and provides useful insights into their interests, demands, and preferences.

• The IT & telecommunication segment dominated the market with the highest market share through the forecast period.

Based on the end use, the hyperautomation market is categorized into manufacturing, automotive, BFSI, healthcare, IT & telecommunication, retail, transportation & logistics, and others. Among these, the IT & telecommunication segment dominated the market with the highest market share through the forecast period. Hyperautomation is the most rapidly growing technology in the IT and the telecommunications sectors, and it is transforming the industry by boosting cost savings and efficiency. Hyperautomation offers insights for IT and telecom companies to improve operations and customer happiness. Hyperautomation automates customer service duties such as answering queries and offering technical assistance.

Regional Segment Analysis of the Hyperautomation Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the hyperautomation market over the predicted timeframe.

North America is anticipated to hold the largest share of the hyperautomation market over the predicted timeframe. This region's market growth is probably due to the increased need for improved efficiency and lowers business operational expenses, as well as rapid digitization adoption. Furthermore, numerous businesses in this region utilize hyper-automation to build a more resilient supply chain, which boosts regional market growth. Rapid digitization penetration, rising need for enhanced efficiency, and lower corporate operational expenses are some of the primary drivers driving market growth in the region. Furthermore, the prevalence of the IT and telecommunications industries in the region, both of which operate on automation models, encourages the growth of the North American hyperautomation industry.

Asia Pacific is expected to grow at the fastest CAGR growth of the hyperautomation market during the forecast period. The region is responsible for upgrading conventional industrial facilities into fully automated smart factories. The plant's energy consumption has been reduced significantly as a result of the measures implemented. Countries such as Japan, China, and India are among those investing heavily in IT infrastructure and the construction of new data centers to meet expanding data volumes in their respective regions. In addition, several medium-sized businesses in the region are adopting cloud computing. This, in turn, presents a lucrative development opportunity for the Asia-Pacific market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the hyperautomation market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Alteryx
• UiPath
• Wipro Ltd.
• Tata Consultancy Services Ltd.
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• SolveXia
• PagerDuty, Inc.
• OneGlobe LLC
• Automation Anywhere Inc.
• JK Tech
• Vuram Technologies
• IBM
• Oracle
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, Tezz Capital, a prominent provider of business loans, announced a partnership with Autonom8 to transform the MSME loan approval process. This partnership represents a significant advancement for Tezz Capital, allowing it to provide faster, more efficient and data-driven business financing solutions.

• In February 2024, Hyperscience, the global market leader in hyperautomation and a corporate AI infrastructure software developer, launched a new solution that carries the back office into the GenAI generation by fine-tuning LLMs with ground truth documents implanted at the enterprise's core.

• In January 2024, Net Technologies, India's top cloud distributor that provides cloud infrastructure and managed services, is excited to announce a strategic alliance with LeadSquared, the well-known sales and marketing automation platform. This alliance intends to alter how firms approach sales and marketing by combining LeadSquared's cutting-edge technology with ZNet's industry expertise.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the hyperautomation market based on the below-mentioned segments: 

Global Hyperautomation Market, By Component

• Hardware
• Software
• Services

Global Hyperautomation Market, By Technology

• Robotic Process Automation (RPA)
• Machine Learning (ML)
• Biometrics
• Chatbots
• Context Aware Computing
• Natural Language Generation (NLG)
• Computer Vision

Global Hyperautomation Market, By Function

• Marketing & Sales
• Finance & Accounting
• Human Resources (HR)
• Operations & Supply Chain
• Information Technology (IT)

Global Hyperautomation Market, By End Use

• Manufacturing
• Automotive
• BFSI
• Healthcare
• IT & Telecommunication
• Retail
• Transportation & Logistics
• Others

Global Hyperautomation Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa