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
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 |
|---|
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)
Related regional statistics
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