Hyperautomation Market Analysis

Technology Segment Analysis

The robotic process automation (RPA) segment is projected to capture 35.9% of the global hyper automation market share by 2035. The high return on investments and scalability properties are increasing the demand for robotic process automation technologies. These technologies are widely employed by sectors such as automotive, electronics, manufacturing, and logistics, where repetitive process needs are high. RPA’s ability to enhance operational efficiency is set to fuel its application in the manufacturing and federal sectors. Overall, the automation needs are set to accelerate the demand for RPA technologies in the years ahead.

End user Segment Analysis

The BFSI segment is anticipated to hold 29.5% of the global market share throughout the forecast period. To increase the repetitive work speed and overall efficiency, the BFSI sector is increasingly investing in automation technologies. The Federal Financial Institutions Examination Council (FFIEC) is promoting the use of smart automation to ensure compliance with changing digital risk frameworks by financial institutions. The report by the World Economic Forum (WEF) reveals that financial services companies spent nearly USD 35 billion on AI in 2023. This represents that BFSI is an opportunistic marketplace for hyperautomation manufacturers.

Deployment Mode Segment Analysis

The cloud-based segment is projected to account for 52.5% of the global market share throughout the study period, due to cost-effectiveness and scalability. The subscription model makes cloud-based hyperautomation solutions more cost-efficient and accessible. The increasing remote and hybrid work trend is further increasing the demand for cloud-based hyperautomation technologies. The automation initiatives across several industries are also accelerating the installation of cloud-based platforms.

Our in-depth analysis of the global market includes the following segments: