Product Code: ETC4394965 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India RPA and hyperautomation market demonstrated a steady growth trend with a CAGR of 1.5% over the specified period. However, there was a notable decline in growth rate between the penultimate and the final year, indicating a slowdown in market expansion. The overall trajectory suggests a stabilization in market growth.
Robotic Process Automation (RPA) and hyperautomation are gaining prominence in India as organizations seek to streamline operations and boost productivity. These technologies are being used to automate routine tasks and integrate systems, driving efficiency and cost savings.
The India RPA (Robotic Process Automation) and hyperautomation market is experiencing rapid growth due to the pressing need for organizations to improve operational efficiency and reduce costs. RPA and hyperautomation solutions are driving automation across various industries, enabling businesses to streamline processes, enhance productivity, and minimize errors. As businesses seek to adapt to a rapidly changing digital landscape, the demand for automation solutions in India is growing, with organizations looking to integrate AI and machine learning to achieve end-to-end automation, which is propelling the hyperautomation trend.
The RPA and hyperautomation market in India faces challenges regarding the integration of automation tools with existing IT systems. Identifying and prioritizing automation opportunities, along with addressing scalability and change management issues, can be complex. Ensuring that automation aligns with business goals is also crucial.
The COVID-19 pandemic accelerated the adoption of robotic process automation (RPA) and hyperautomation in India. Businesses sought to automate repetitive tasks and enhance operational efficiency, and the pandemic heightened the urgency. RPA and hyperautomation solutions played a crucial role in achieving these goals, allowing organizations to adapt to rapidly changing circumstances and reduce manual workloads. The market for RPA and hyperautomation in India is expected to grow as businesses continue to embrace automation.
The India RPA (Robotic Process Automation) and Hyperautomation market are marked by the presence of leading providers like Automation Anywhere, UiPath, and Blue Prism. These companies offer cutting-edge RPA and hyperautomation solutions that help organizations automate repetitive tasks and streamline business processes, driving efficiency and productivity across diverse sectors in the India market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India RPA and Hyperautomation Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India RPA and Hyperautomation Market Revenues & Volume, 2021 & 2031F |
3.3 India RPA and Hyperautomation Market - Industry Life Cycle |
3.4 India RPA and Hyperautomation Market - Porter's Five Forces |
3.5 India RPA and Hyperautomation Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 India RPA and Hyperautomation Market Revenues & Volume Share, By Deployment Mode , 2021 & 2031F |
3.7 India RPA and Hyperautomation Market Revenues & Volume Share, By Business Function , 2021 & 2031F |
3.8 India RPA and Hyperautomation Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 India RPA and Hyperautomation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for process automation to improve operational efficiency and productivity |
4.2.2 Growing adoption of artificial intelligence and machine learning technologies in businesses |
4.2.3 Government initiatives promoting digital transformation and automation in various sectors |
4.3 Market Restraints |
4.3.1 Lack of skilled professionals in RPA and hyperautomation technologies |
4.3.2 Data security and privacy concerns hindering adoption in sensitive industries |
4.3.3 High initial investment and implementation costs for RPA and hyperautomation solutions |
5 India RPA and Hyperautomation Market Trends |
6 India RPA and Hyperautomation Market, By Types |
6.1 India RPA and Hyperautomation Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India RPA and Hyperautomation Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 India RPA and Hyperautomation Market Revenues & Volume, By Solution, 2021-2031F |
6.1.4 India RPA and Hyperautomation Market Revenues & Volume, By Services, 2021-2031F |
6.2 India RPA and Hyperautomation Market, By Deployment Mode |
6.2.1 Overview and Analysis |
6.2.2 India RPA and Hyperautomation Market Revenues & Volume, By Cloud, 2021-2031F |
6.2.3 India RPA and Hyperautomation Market Revenues & Volume, By On-premises, 2021-2031F |
6.3 India RPA and Hyperautomation Market, By Business Function |
6.3.1 Overview and Analysis |
6.3.2 India RPA and Hyperautomation Market Revenues & Volume, By IT, 2021-2031F |
6.3.3 India RPA and Hyperautomation Market Revenues & Volume, By Operations & Supply Chain, 2021-2031F |
6.3.4 India RPA and Hyperautomation Market Revenues & Volume, By HR, 2021-2031F |
6.4 India RPA and Hyperautomation Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 India RPA and Hyperautomation Market Revenues & Volume, By BFSI, 2021-2031F |
6.4.3 India RPA and Hyperautomation Market Revenues & Volume, By IT & Telecom, 2021-2031F |
6.4.4 India RPA and Hyperautomation Market Revenues & Volume, By Manufacturing, 2021-2031F |
7 India RPA and Hyperautomation Market Import-Export Trade Statistics |
7.1 India RPA and Hyperautomation Market Export to Major Countries |
7.2 India RPA and Hyperautomation Market Imports from Major Countries |
8 India RPA and Hyperautomation Market Key Performance Indicators |
8.1 Average time saved per process through RPA and hyperautomation implementation |
8.2 Percentage increase in process accuracy and error reduction |
8.3 Number of successful RPA and hyperautomation projects implemented within organizations |
8.4 Percentage improvement in operational efficiency and cost savings achieved through automation |
8.5 Rate of employee upskilling and training in RPA and hyperautomation technologies |
9 India RPA and Hyperautomation Market - Opportunity Assessment |
9.1 India RPA and Hyperautomation Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 India RPA and Hyperautomation Market Opportunity Assessment, By Deployment Mode , 2021 & 2031F |
9.3 India RPA and Hyperautomation Market Opportunity Assessment, By Business Function , 2021 & 2031F |
9.4 India RPA and Hyperautomation Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 India RPA and Hyperautomation Market - Competitive Landscape |
10.1 India RPA and Hyperautomation Market Revenue Share, By Companies, 2024 |
10.2 India RPA and Hyperautomation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |