Global Cognitive Process Automation Market Size & Outlook
The cognitive process automation industry worldwide is expected to reach a projected revenue of US$ 36,634.5 million by 2030. A compound annual growth rate of 27.8% is expected of the worldwide cognitive process automation industry from 2024 to 2030.
Revenue, 2023 (US$M)
$6,586.3
Forecast, 2030 (US$M)
$36,634.5
CAGR, 2024 - 2030
27.8%
Report Coverage
Worldwide
Global cognitive process automation market, 2017-2030 (US$M)
Related Markets
Global cognitive process automation market highlights
- The global cognitive process automation market generated a revenue of USD 6,586.3 million in 2023 and is expected to reach USD 36,634.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 27.8% by 2030.
- In terms of segment, robotic process automation accounted for a revenue of USD 4,111.4 million in 2023.
- Intelligent Process Automation is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 6,586.3 million |
| Market revenue in 2030 | USD 36,634.5 million |
| Growth rate | 27.8% (CAGR from 2023 to 2030) |
| Largest segment | Robotic process automation |
| Fastest growing segment | Intelligent Process Automation |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Robotic Process Automation, Intelligent Process Automation |
Other key industry trends
- In terms of revenue, the North America accounted for 33.1% of the global cognitive process automation market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 6,071.4 million by 2030.
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Cognitive Process Automation Market Scope
Cognitive process automation market segmentation & scope
Cognitive Process Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cognitive process automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cognitive process automation market will help companies and investors design strategic landscapes.
robotic process automation was the largest segment with a revenue share of 62.42% in 2023. Horizon Databook has segmented the Global cognitive process automation market based on robotic process automation, intelligent process automation covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Cognitive Process Automation Type Outlook (Revenue, USD Million, 2017-2030)
- Robotic Process Automation
- Intelligent Process Automation
- Global Cognitive Process Automation Services Outlook (Revenue, USD Million, 2017-2030)
- Finance
- Procurement
- HR
- IT Operations
- Global Cognitive Process Automation Application Outlook (Revenue, USD Million, 2017-2030)
- Machine Learning
- Natural Language Processing
- Pattern Identification
- Biometrics
- Optical Character Recognition (OCR)
- Others (Eliminate Bias, Endless Capacity)
- Global Cognitive Process Automation Industry Vertical Outlook (Revenue, USD Million, 2017-2030)
- BFSI
- IT & telecommunication
- Transportation & Logistics
- Retail & E-commerce
- Media & Entertainment
- Manufacturing
- Healthcare & Life Sciences
- Energy & Utilities
- Others (Education & Real estate)
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Our clientele includes a mix of cognitive process automation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cognitive process automation market , including forecasts for subscribers. This global databook contains high-level insights into Global cognitive process automation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global cognitive process automation market statistics, by region, 2017-2030 (US$M)
Top 10 countries by Cognitive Process Automation Market revenue, 2023 (USD Million)
Top 10 countries by Cognitive Process Automation Market revenue, 2023 (USD Million)
Global cognitive process automation market, by region, 2023 (US$M)
Related regional statistics
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