- In June 2024, Nintex, a leading provider of process intelligence and automation, introduced new AI-driven features to its Nintex Process Platform. These enhancements significantly reduce the time required for business process management, automation, and documentation. The updates further expand the platform's AI capabilities, strengthening its offering
- In June 2023, Accenture and Microsoft expanded their long-standing partnership to help organizations harness the transformative power of generative AI, powered by the cloud. Through their joint venture, Avanade, the companies are co-developing new AI-driven industry and functional solutions. These innovations are designed to help clients leverage generative AI across their entire business, driving significant transformation
- In May 2023, Ashling Partners, a global leader in automation implementation and advisory services, entered a strategic partnership with Bain & Company. This collaboration includes Bain's investment in Ashling to enhance its relationship with Bain's Vector digital practices. Ashling is also supported by THL, a prominent private equity fund focused on investing in middle-market growth companies
- In November 2023, Hikrobot participated in the 16th Automation Expo-2023 to showcase its latest innovative technologies and intelligent solutions. During the event, Hikrobot introduced four new products, including three types of mobile robots: LMR, FMR, and CTU. The event was inaugurated by Vinayak Pai, CEO of Tata Projects, with Vinayak Marathe, Head of India Business Operations at Phillips Townsend Associates, and other prominent figures from the Indian automation sector in attendance
- In 2022, Ascent, a provider of AI-driven regulatory intelligence, partnered with Halo AI, a leading enterprise risk management platform, to revolutionize risk and compliance processes through automation. Ascent offers regulatory knowledge automation solutions designed to enhance financial services compliance teams. This collaboration aims to streamline and transform risk management and compliance tasks with advanced automation
Frequently Asked Questions
The market is segmented based on Segmentation, By Component (Solutions and Services), Deployment (On-Premise and Cloud Based), Organization Size (Large Size Organization and Medium and Small Size Organization), Technology (Natural Language Processing, Machine and Deep Learning, Neural Networks, Virtual Agents, Mini Bots and RPA, Computer Vision, and Others), Vertical (BFSI, Telecom and IT, Transport and Logistics, Media and Entertainment, Retail and Ecommerce, Manufacturing, Healthcare and Life Sciences, and Others), Application (IT Operations, Business Process Automation, Application Management, Content Management, Security, and Others) – Industry Trends and Forecast to 2031
.
The Global Intelligent Process Automation Market size was valued at USD 13.56 USD Billion in 2023.
The Global Intelligent Process Automation Market is projected to grow at a CAGR of 12.9% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
