Press release
Cognitive Process Automation Market: Unfolding the Future of Automation with Market Growth and Key Trends
The cognitive process automation market is expected to rise from $8.01 billion in 2024 to $14.91 billion in 2029, driven by digital transformation, AI proliferation, and efficiency optimization strategies amidst rising data complexity and volume.
What Is The Projected Market Size Of The Global Cognitive Process Automation Market And Its Growth Rate?
• The cognitive process automation market size was $8.01 billion in 2024, growing into a $9 billion market in 2025 at a compound annual growth rate (CAGR) of 12.4%.
• Propelled by digital transformation, AI and machine learning advancements, business process optimization, and the need for cost reduction and efficiency improvement, the market is set for massive growth.
• The market is anticipated to continue its upward trajectory, reaching $14.91 billion in 2029 at a CAGR of 13.4%.
• The projected growth during this period is attributed to education and awareness on automation benefits, vendor competition and innovation, workforce transformation, and advancements in cybersecurity and cloud computing.
What Is Driving The Growth In The Cognitive Process Automation Market?
The surge in the use of automation technology is driving the cognitive process automation market forward. Automation technology refers to the combination of systems and tools that operate autonomously. The technology offers enterprises increased productivity and cost reductions, bolstering market growth. For instance, according to the International Federation of Robotics, the number of industrial robots installations in Europe in 2022 stood at 72,000, an increase of 6% from 2021. As such, the proliferating use of automation technology is significantly propelling the cognitive process automation market growth.
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Who Are the Key Players Driving Cognitive Process Automation Market Growth?
• Blue Prism Group PLC
• International Business Machines Corporation
• Kofax Inc.
• UiPath Inc.
• Automation Anywhere Inc.
• Celation Ltd.
• IPsoft Incorporated
• Kryon Systems Ltd.
• Pegasystems Inc.
• WorkFusion Inc.
• Verint Systems Inc.
• Redwood Software Inc.
• Appian Corporation
• Dynatrace LLC
• Datamatics Global Services Limited
• SaaS Labs Inc.
• ABBYY Software House
• FPT Software Company Limited
• EdgeVerve Systems Limited
• NTT Advanced Technology Corporation
What Are The Key Trends In The Cognitive Process Automation Market?
Key trends in the market include:
• Hyperautomation approach
• AI-powered automation
• Process mining integration
• Contextual awareness
• Intelligent document processing
What Are The Segments Of The Global Cognitive Process Automation Market?
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 Knowledge, 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
Which Region Leads The Cognitive Process Automation Market?
North America was the largest region in the cognitive process automation market in 2024. However, all regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa, are seeing significant market activities and growth.
Pre-book the report for a swift delivery:
https://www.thebusinessresearchcompany.com/report/cognitive-process-automation-global-market-report
What Is Covered In The Cognitive Process Automation Market Global Market Report?
- Market Size Analysis: Analyze the Cognitive Process Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cognitive Process Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cognitive Process Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cognitive Process Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=8466&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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Learn More About The Business Research Company
With more than 15,000+ reports across 27 industries covering over 60 geographies, The Business Research Company is known for its comprehensive, data-rich research and insights. Backed by 1,500,000 datasets, a blend of in-depth secondary research, and unique insights from industry leaders, we provide you with the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is a principal market intelligence platform that offers comprehensive and updated forecasts to support informed decision-making.
What Is The Projected Market Size Of The Global Cognitive Process Automation Market And Its Growth Rate?
• The cognitive process automation market size was $8.01 billion in 2024, growing into a $9 billion market in 2025 at a compound annual growth rate (CAGR) of 12.4%.
• Propelled by digital transformation, AI and machine learning advancements, business process optimization, and the need for cost reduction and efficiency improvement, the market is set for massive growth.
• The market is anticipated to continue its upward trajectory, reaching $14.91 billion in 2029 at a CAGR of 13.4%.
• The projected growth during this period is attributed to education and awareness on automation benefits, vendor competition and innovation, workforce transformation, and advancements in cybersecurity and cloud computing.
What Is Driving The Growth In The Cognitive Process Automation Market?
The surge in the use of automation technology is driving the cognitive process automation market forward. Automation technology refers to the combination of systems and tools that operate autonomously. The technology offers enterprises increased productivity and cost reductions, bolstering market growth. For instance, according to the International Federation of Robotics, the number of industrial robots installations in Europe in 2022 stood at 72,000, an increase of 6% from 2021. As such, the proliferating use of automation technology is significantly propelling the cognitive process automation market growth.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8466&type=smp
Who Are the Key Players Driving Cognitive Process Automation Market Growth?
• Blue Prism Group PLC
• International Business Machines Corporation
• Kofax Inc.
• UiPath Inc.
• Automation Anywhere Inc.
• Celation Ltd.
• IPsoft Incorporated
• Kryon Systems Ltd.
• Pegasystems Inc.
• WorkFusion Inc.
• Verint Systems Inc.
• Redwood Software Inc.
• Appian Corporation
• Dynatrace LLC
• Datamatics Global Services Limited
• SaaS Labs Inc.
• ABBYY Software House
• FPT Software Company Limited
• EdgeVerve Systems Limited
• NTT Advanced Technology Corporation
What Are The Key Trends In The Cognitive Process Automation Market?
Key trends in the market include:
• Hyperautomation approach
• AI-powered automation
• Process mining integration
• Contextual awareness
• Intelligent document processing
What Are The Segments Of The Global Cognitive Process Automation Market?
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 Knowledge, 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
Which Region Leads The Cognitive Process Automation Market?
North America was the largest region in the cognitive process automation market in 2024. However, all regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa, are seeing significant market activities and growth.
Pre-book the report for a swift delivery:
https://www.thebusinessresearchcompany.com/report/cognitive-process-automation-global-market-report
What Is Covered In The Cognitive Process Automation Market Global Market Report?
- Market Size Analysis: Analyze the Cognitive Process Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cognitive Process Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cognitive Process Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cognitive Process Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=8466&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With more than 15,000+ reports across 27 industries covering over 60 geographies, The Business Research Company is known for its comprehensive, data-rich research and insights. Backed by 1,500,000 datasets, a blend of in-depth secondary research, and unique insights from industry leaders, we provide you with the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is a principal market intelligence platform that offers comprehensive and updated forecasts to support informed decision-making.
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