From GlobeNewswire: 2025-04-01 10:00:00

The Cognitive Process Automation Market, valued at USD 6.55 billion in 2023, is projected to reach USD 53.48 billion by 2032 with a CAGR of 26.33% from 2024-2032. Major players include Automation Anywhere, Blue Prism, IBM, Microsoft, and UiPath among others. The market is driven by rapid adoption of hyper-automation for workflow efficiency and AI-driven process optimization.

Robotic Process Automation dominates the market, while Intelligent Process Automation is growing the fastest. Enterprise RPA technology holds 66% revenue share due to its popularity in automating repetitive processes. Intelligent Process Automation, leveraging AI and machine learning, is expected to register the fastest CAGR, driven by the need for intelligent solutions processing unstructured data.

In terms of services, finance leads in adoption with 37% revenue share, while HR is the fastest-growing segment due to automation in recruitment and payroll processing. In applications, machine learning dominates with 34% revenue share, while Natural Language Processing (NLP) registers the fastest growth due to rising demand for voice-enabled automation and chatbots.

The BFSI sector dominates adoption due to automation solutions for fraud detection and customer service. Healthcare & Life Sciences emerge as the fastest-growing vertical, benefitting from CPA solutions in medical data management and diagnostics. The market is driven by the need for operational efficiency and improved decision-making across industries. The Cognitive Process Automation Market offers solutions for efficiency and accuracy in data tracking, with segmentation by type, services, applications, and industry verticals. North America leads with 38% revenue share, while Asia-Pacific shows the highest growth rate due to automation adoption. Recent developments include AI-enhanced agents and cognitive automation tools. SNS Insider offers consulting services for market assessment and competitive benchmarking.



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