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14 Jan 2022, 07:18 GMT+10
The latest study released on the Global Cognitive Robotic Process Automation Market by AMA Research evaluates market size, trend, and forecast to 2027. The Cognitive Robotic Process Automation market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
IBM Corporation (United States) , Blue Prism (United Kingdom) , Pegasystems Inc. (United States) , Verint Systems (United States) , WorkFusion (United States) , Automation Anywhere (United States) , Amelia (United States) , Kryon Systems (Israel) , UiPath (United States) , Arago GmbH (Germany)
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Definition:
Cognitive Robotic Process Automation (RPA) refers to Robotic Process Automation products and solutions that use AI technologies like Optical Character Recognition (OCR), Text Analytics, and Machine Learning to improve the experience of your employees and consumers. This sophisticated type of RPA derives its name from the way it imitates human behaviours as people do various jobs inside a process. Learning, reasoning, and self-correction are examples of such processes. Automation based on structured data is supported by traditional RPA. Cognitive RPA goes even farther by allowing businesses to automate processes including unstructured data sources such as scanned documents, emails, letters, and voice recordings. The true value of cognitive automation is that it allows businesses to automate processes that are more sophisticated and less rule-based. Cognitive RPA, unlike classic unattended RPA, is capable of managing exceptions without the need for human involvement. North America accounts for largest market of cognitive robotic process automation.
Market Trends:
Increasing Applications of Machine Learning Tool
Market Drivers:
Increasing Adoption of Automation Technologies by Businesses to Improve Efficiency and Reduce Costs
Rising Advancements in the Technology
Market Opportunities:
Deployment of IoT based Cognitive Robotic Process Automation
The Global Cognitive Robotic Process Automation Market segments and Market Data Break Down are illuminated below:
by Type (Robotic Process Automation, Intelligent Automation), Application (Natural Language, Pattern Identification, Locating Knowledge, Machine Learning, Eliminate Bias, Handwriting Recognition, Others), End Use (IT and Telecom, BFSI, Logistics, Healthcare, Others), Service (Finance {Account Receivable, Account Payable, Master Data Management}, HR {Employee Onboarding, Payroll}, Procurement {Invoicing Process, Supplier Data Management}, IT Ops {IT Service Management, User Management, Monitoring, Routing, Reporting})
Global Cognitive Robotic Process Automation market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
Objectives of the Report
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Major highlights from Table of Contents:
Cognitive Robotic Process Automation Market Study Coverage:
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Key questions answered
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Tags: Cognitive Robotic Process Automation Market Trends, Cognitive Robotic Process Automation Market Opportunity, Cognitive Robotic Process Automation Market Growth, Cognitive Robotic Process Automation Market Analysis, Cognitive Robotic Process Automation Market Size, Cognitive Robotic Process Automation Market Forecast
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