U.S. Cognitive Process Automation Market Size & Outlook
The cognitive process automation market in the United States is expected to reach a projected revenue of US$ 6,071.4 million by 2030. A compound annual growth rate of 22% is expected of the United States cognitive process automation market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,505.5
Forecast, 2030 (US$M)
$6,071.4
CAGR, 2024 - 2030
22%
Report Coverage
U.S.
U.S. cognitive process automation market, 2017-2030 (US$M)
Related Markets
U.S. cognitive process automation market highlights
- The U.S. cognitive process automation market generated a revenue of USD 1,505.5 million in 2023 and is expected to reach USD 6,071.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 22% from 2024 to 2030.
- In terms of segment, robotic process automation was the largest revenue generating type in 2023.
- Intelligent Process Automation is the most lucrative type segment registering the fastest growth during the forecast period.
Cognitive process automation market data book summary
| Market revenue in 2023 | USD 1,505.5 million |
| Market revenue in 2030 | USD 6,071.4 million |
| Growth rate | 22% (CAGR from 2023 to 2030) |
| Largest segment | Robotic process automation |
| Fastest growing segment | Intelligent Process Automation |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Robotic Process Automation, Intelligent Process Automation |
| Key market players worldwide | Automation Anywhere, Blue Prism, Verve Therapeutics Inc, International Business Machines Corp, Microsoft Corp, NICE Ltd ADR, NTT Data Group Corp, Pegasystems Inc, UiPath Inc Class A, WorkFusion |
Other key industry trends
- In terms of revenue, U.S. accounted for 22.9% of the global cognitive process automation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cognitive process automation market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,029.7 million by 2030.
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Cognitive Process Automation Market Scope
Cognitive process automation market segmentation & scope
Machine Learning
Natural Language Processing
Pattern Identification
Biometrics
Optical Character Recognition (OCR)
Others (Eliminate Bias, Endless Capacity)
BFSI
IT & telecommunication
Transportation & Logistics
Retail & E-commerce
Media & Entertainment
Manufacturing
Healthcare & Life Sciences
Energy & Utilities
Others (Education & Real estate)
Cognitive Process Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 U.S. cognitive process automation market based on robotic process automation, intelligent process automation covering the revenue growth of each sub-segment from 2017 to 2030.
- U.S. Cognitive Process Automation Type Outlook (Revenue, USD Million, 2017-2030)
- Robotic Process Automation
- Intelligent Process Automation
- U.S. Cognitive Process Automation Services Outlook (Revenue, USD Million, 2017-2030)
- Finance
- Procurement
- HR
- IT Operations
- U.S. 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)
- U.S. 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 country-level data and insights on the U.S. cognitive process automation market , including forecasts for subscribers. This country databook contains high-level insights into U.S. cognitive process automation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. cognitive process automation market size, by type, 2017-2030 (US$M)
U.S. Cognitive Process Automation Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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