Hyper automation Market - Forecast(2021 - 2026)
The Hyper Automation Market is forecast to reach $200m by 2025, growing at a CAGR of 14% in the period 2019-2025. Hyper automation is the advancement of traditional automation capabilities by using technologies like artificial intelligence (AI), machine learning (ML) and other with robotic process automation(RPA) to automate processes. Banking financial services and insurance (BFSI) sector are going to play major role in growth of hyper automation and this technology is estimated to have highest adoption in banking financial services and insurance (BFSI) sector as most of the BFSI sector is using RPA which is estimated to be replaced by hyper automation. In manufacturing sector automobile industry is increasingly adopting hyper automation to verify the components that will need a warranty or replacement. Key Takeaways Robotic process automation is main tool of hyper automation market which is going to be advanced by the use artificial intelligence, analytics and other. This technology