Hyper automation Market – Forecast (2021 – 2026)

By | March 1, 2021

The Hyper Automation Market is forecast to reach $200million 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 others with robotic process automation(RPA) to automate processes. The banking financial services and insurance (BFSI) sector are going to play a major role in the growth of hyper-automation and this technology is estimated to have the highest adoption in the 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 the manufacturing sector, the automobile industry is increasingly adopting hyper-automation to verify the components that will need a warranty or replacement.

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