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Hyper Automation Market Revenue To Surpass US$ 32,632 Mn By 2030 – Exclusive Report By Acumen Research And Consulting

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TOKYO, April 28, 2022 (GLOBE NEWSWIRE) — The global hyper automation market is anticipated to expand at a CAGR of more than 18.7% for the next few years, reaching a value of more than US$ 32,632 million by 2030.

Hyper automation is a wise combination of leading technologies such as artificial intelligence (AI), machine learning (ML), RPA, and advanced analytics. This enables a broad range of enterprise-level users to take advantage of the best virtual workforce, which is both immune and intelligent. Hyper automation provides a full package to user groups by enabling the discovery, design, build, enhancement, and self-learning features for a diverse set of use cases across functions and domains.

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According to McKinsey report, 2.6 trillion hours of work are automated in the United States alone each year, and The Wall Street Journal reported 37,000 US-based AI job postings, a 45 percent increase from the previous year. According to an IBM IBV study, this increase in AI jobs will generate $134 billion in labor value by 2022.

COVID-19 Impact on the Hyper Automation Industry

Growing automation trends in the manufacturing and healthcare sectors are gaining traction globally, driving the hyper automation market growth. Several manufacturing companies are implementing hyper automation in order to reduce operational expenditure (OPEX) and improve overall manufacturing process efficiency. Nonetheless, a global slowdown in manufacturing activity is having a negative impact on market size in 2020, owing to the COVID-19 pandemic.

Global Hyper Automation Market Growth Factors

Some of the leading factors that are driving the global hyper automation market include growth in digitalization, improved efficiency, reduced operational cost, and increased demand for automation in the manufacturing process.

Automation makes identifying vulnerabilities and implementing fixes simple, allowing businesses to be proactive and solve security issues before they become a problem. Smart software can also learn what constitutes typical use and detect problems, such as violations of security policies, automatically. Automation may help with security and compliance in a variety of ways. According to a recent RedHat survey, enhancing security and compliance were the top drivers for deploying automation technologies for 47% of firms.

In addition, increasing implementation of robotic process automation and surging investments by small and medium enterprises in the automation industry are likely to propel the market demand during the predicted years. However, the high initial cost and lack of skilled professionals in the industry would limit the market from growing. Furthermore, rising automation adoption, increased demand for precision and accuracy in numerous industries, and increased return on investment is fueling growth in the worldwide hyper automation market.

Global Hyper Automation Market Segments

The hyper automation market is split into four categories: technology, organization size, industry vertical, and region. Based on technology, the market is divided into biometrics, context-aware computing, natural learning generation, chatbots, machine learning (ML), and robotic process automation (RPA). Among them, the robotic process automation segment acquired a substantial market share in 2021. In terms of growth, the machine learning segment is likely to achieve the fastest growth rate throughout the forecast period 2022 – 2030.

Based on organization size, the market is divided into large enterprises and SMEs. Large enterprises dominated the largest market share, whereas the SMEs achieved the fastest growth rate.

Furthermore, the industry vertical segment is classified into IT & telecom, retail, BFSI, pharma and healthcare, manufacturing, automotive, energy and utilities, and others. Based on our analysis, the IT & telecom segment occupied a considerable market chunk in 2021. However, the automotive segment also generated noteworthy revenue due to the rising need for automation in the automotive industry. Furthermore, the BFSI segment is also utilizing the hyper automation solutions to make their process easy and quick.

Interconnected Reports Process Control and Automation Market

The global electronic design automation market is anticipated to grow at a CAGR of around 9.6% during the forecast period 2020-2027

The global automation software market is anticipated to grow at a CAGR of around 16.9% during the forecast period 2021 to 2027 and to reach around US$ 46.6Bn by 2027

The global semi & fully autonomous truck market size is expected to reach around US$ 88.1 Bn by 2027, growing at a CAGR of 10.1% during the forecast period 2020 to 2027

The global robotic process automation (RPA) market size is anticipated to reach around USD 4.1 bn by 2026, growing with 32.1% CAGR during forecast time period 2019 to 2026.

Hyper Automation Market Regional Stance

North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa are the market’s regional segments. Based on regional analysis, the Asia-Pacific region gathered a considerable market share and is likely to witness a substantial growth rate throughout the forecast period 2022 – 2030. Since there are maximum industries that require their traditional processes to be upgraded to automated processes, the region has the highest growth potential in the hyper automation industry. In addition to that, increasing internet penetration, and growing demand from the construction industry are some of the aspects that are also supporting the growth of the Asia-Pacific. Moreover, the North America and Europe regions are also leading the market due to the technological advancements in end-use industries such as healthcare, automotive, retail, and BFSI among others.

Don’t fail to benefit from business opportunities in Hyper Automation Market. Speak to our analyst, ask any queries and our analyst will help your business grow.

Major Players

The hyper automation industry involves many key players. The top players presented in the report include Appian, Allerin Tech Pvt. Ltd., Automation Anywhere Inc., SolveXia, Catalytic Inc., OneGlobe LLC, Mitsubishi Electric Corporation, Tata Consultancy Services Limited, UiPath, and Wipro Ltd.

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About Acumen:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Artificial Intelligence

Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
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