The increased acceptance rate of automation processes to convert workplaces productivity drives the growth of the intelligent process automation market. In addition, In the digital revolution, the increase in investment by entrepreneurs and the ability to make faster decisions in business, the progress in the adoption of automation software has led to the growth of the intelligence process automation market. Also, growing internet penetration in developing countries, and growing smartphone operators is driving the growth of intelligent process automation market. Moreover, the increasing adoption of process automation by the telecommunication industry, healthcare industry, BFSI industry, and IT industry is propelling the growth of the intelligent process automation market. However, high implementation cost is a major factor hampering the growth intelligent process automation market. Furthermore, the development of a unified intelligent automation tool, increasing R&D developments, and the building of digital workforces is anticipated to provide major opportunities in the intelligent process automation market in forecasted years.
Numerous incoming messages from mobile phone users are repetitive, often only demanding minor changes to their plan. Common requests include changes to address, eliminating a mark from their provision plan or giving their phone bill, all small changes that add up to several hours. Intelligent process automation with natural language processors (NLPs) can scan and control the determination of an inward consumer message. Provisional on the message content, it creates an automatic reply, informs the customer’s current plan routinely, or routes the message to the proper department. Thus, increasing the adoption of intelligent process automation platforms among telecom operators.
Intelligent process automation is a state where organizations necessity to bring data to consumers, but manual tasks yield up major time, such as insurance claims handling or automating consumer requests. Thus, adoption of intelligent process automation reduced time and increase efficiency of business. For instance, Bancolombia, One of the largest banking groups in Latin America, is using bizagi as its intelligent process automation platform to deliver enhanced customer service, both digitally and in-branch, aiding robots and humans to work together effectively.
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Major market players such as – Accelirate, Inc., Blue Prism Group PLC, Dell EMC Corp., International Business Machines Corporation, Kofax Inc., Pegasystems Inc., Salesforce.com Inc., SAP SE, UiPath, Inc., and WorkFusion
Regions covered – North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East &Africa
Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
Key drivers that are propelling the growth of the market are included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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