Hyper Automation Market size is valued at USD 8,835.1 million in 2021 and is expected to reach a value of USD 28,648.7 million by 2028, growing at a CAGR of 18.3% during the forecast period 2022 to 2028. The global market provides a detailed overview of the hyper-automation market and that can be segmented by technology type, organization size, and end-user. By technology type, the hyper-automation market has been segmented into biometrics, chatbots, context-aware computing, machine learning, natural learning generation, and robotic process automation. The biometrics segment is likely to be the largest and fastest-growing segment in terms of technology type. Based on organizational size, the hyper-automation market is segmented into small & medium enterprises and large enterprises. Among these, the small & medium enterprises segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of end-users, the market is segregated into automotive, banking, financial services, and insurance (BFSI), healthcare & life science, IT & Telecom, manufacturing, and retail. The automotive segment accounted for the highest market share during the estimated period.
In Feb 2020, Yseop, a prominent AI and NLG company, partnered with Automation Anywhere Inc., a major RPA company. The alliance aims to improve interoperability among joint customers and allow businesses to increase automation efficiency for future business processes.