The Cognitive Process Automation Global Market Report 2023, provides comprehensive information on the cognitive process automation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global cognitive process automation market size is expected to grow from $6.37 billion in 2022 to $7.22 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global cognitive process automation market is expected to reach $11.56 billion in 2027 at a CAGR of 12.5%.
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Rapid technological advancements have emerged as the key trend gaining popularity in the cognitive process automation market. Major companies operating in the cognitive process automation market are developing innovative products to strengthen their position in the market. For instance, in May 2021, Kanverse, a US-based cognitive process automation company unveiled its next-generation Cognitive Automation platform with the launch of Datolite, an AI-powered Intelligent Document Processing Product(IDP) for the enterprise. This patented launch involves Natural Language Processing (NLP), Fuzzy Logic, and, computer vision, machine learning (ML) algorithms that provide business processes more efficiently and seamlessly, with optimized cost, and minimized human errors, and mitigate risk.
The cognitive process automation market is segmented:
1) By Type: Robotic Process Automation, Intelligent Automation
2) By Services: Finance, HR, Procurement, IT Operations
3) By Application: Natural Language, Pattern Identification, Locating Knowlwdge, Machine Learning, Endless Capacity, Speech-To-Text, Biometrics, Handwriting Recognition, Other Applications
4) By Industry Vertical: BFSI, Telecom, Information Technology, Logistics, Manufacturing, Healthcare, Other Industry Verticals
Top Major Players:
University of California System
University of Pennsylvania
University of Michigan
Stanford University
Harvard University
Western Europe was the largest region in the colleges, universities, and professional schools market in 2022.
The table of contents in TBRC’s cognitive process automation market report includes:
1. Executive Summary
2. Report Structure
3. Cognitive Process Automation Schools Market Characteristics
4. Cognitive Process Automation Market Product Analysis
5. Cognitive Process Automation Schools Market Supply Chain
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21. Cognitive Process Automation Market Competitive Landscape
22. Key Mergers And Acquisitions In The Cognitive Process Automation Market
23. Market Background: Educational Services Market
24. Recommendations
25. Appendix
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