Global Cognitive Process Automation Market Size & Outlook
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 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 size, by regions, 2017-2030 (US$M)
Top 10 countries: Cognitive process automation market size, 2023 (US$M)
Global cognitive process automation market share, by type, 2023 & 2030 (%, US$M)
Cognitive process automation market: Opportunity assessment by country
Global cognitive process automation market, by region, 2023 (US$M)
| Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 266.7 | 395.8 | 591.3 | 863.1 | 1,221.6 | 1,657.0 | 2,182.5 | 2,831.6 | 3,618.3 | 4,552.3 | 5,637.9 | 6,871.6 | 8,348.2 | 10,101.1 | 24.5% |
| Europe | 187.2 | 286.6 | 441.5 | 664.5 | 969.8 | 1,356.5 | 1,842.4 | 2,465.0 | 3,248.0 | 4,213.8 | 5,381.5 | 6,763.6 | 8,473.3 | 10,572.1 | 28.4% |
| Asia Pacific | 160.9 | 251.1 | 394.4 | 605.2 | 900.6 | 1,284.4 | 1,778.5 | 2,426.0 | 3,259.1 | 4,310.9 | 5,613.1 | 7,192.5 | 9,186.7 | 11,686.4 | 30.9% |
| Latin America | 33.8 | 51.5 | 79.0 | 118.4 | 172.2 | 239.9 | 324.6 | 432.6 | 567.9 | 733.9 | 933.7 | 1,169.1 | 1,459.0 | 1,813.4 | 27.9% |
| MEA | 38.9 | 62.5 | 100.4 | 156.1 | 233.7 | 333.1 | 458.3 | 617.5 | 814.8 | 1,053.0 | 1,332.3 | 1,649.9 | 2,025.2 | 2,461.4 | 27.1% |
| Overall | 687.4 | 1,047.4 | 1,606.5 | 2,407.3 | 3,497.9 | 4,870.9 | 6,586.3 | 8,772.7 | 11,508.0 | 14,863.9 | 18,898.4 | 23,646.6 | 29,492.4 | 36,634.5 | 27.8% |
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