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RPA and Hyperautomation in Banking Market is expected to reach USD 4980.65 Million by 2029, exhibiting a CAGR of 27.52%.

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Portland, Feb. 06, 2023 (GLOBE NEWSWIRE) — Maximize Market Research is a leading information technology and telecommunication research and consultancy firm that has published a report on “RPA and Hyperautomation in Banking Market” report. The report contains key insights regarding the market dynamics along with a thorough competitive and regional analysis of the market. According to the report, the market is expected to grow at 27.52 % from USD 712 Mn in 2021 to USD 4980.65 Mn by 2029.

Global RPA and Hyperautomation in Banking Market Scope and Research Methodology

Maximize Market Research presents a detail analysis of the status of the financial industry with the integration of RPA and Hyperautomation in banking sector to provide information on market snapshots and latest developments by the major players operating in the market. The market report includes the dynamics that includes major drivers, constraints to growth, lucrative opportunities and challenges to market growth. Data used for the analysis is collected through primary and secondary research methods. For the competitive landscape, key players, their major collaborations, merger & acquisitions along with trending innovation and market policies are reviewed carefully in the report. The competitive environment is a vital aspect of the financial key players. The report covers the competitive matrix and the competition scenario of the global RPA and Hyperautomation in Banking Market, which helps to know the competition at both domestic and global levels.

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Global RPA and Hyperautomation in Banking Market Overview

RPA and Hyperautomation in Banking helps to improve both accuracy and efficiency, providing extreme value for regulatory and compliance reporting by automating the collection of data from multiple systems while validating data. The banking industry is trying to stay ahead of the curve in being adaptive to modernization. RPA and Hyperautomation in banking is the system of using technology to operate banking processes through highly automatic means rendering human intervention to a minimum. An RPA function operates by mapping a workflow in the RPA tool for the software robot to follow computer path-ways between screens and various data repositories. Banks characteristically operate several large legacy platforms in different business vertical which is making it very complicated, time-consuming and expensive to connect them all together into one cohesive IT system. Artificial intelligence and machine learning technologies are expected to have a transformative impact on the banking industry.

Global RPA and Hyperautomation in Banking Market Dynamics

The RPA and Al based technologies are assisting to reduce the repetitive work done by humans. Currently, many banks have recognized the importance of Hyperautomation and taken suitable steps to deploy Hyperautomation in banking operations, which is an inevitable trend in the development process. Hyperautomation solution is one of the potential options for banks. One of the biggest advantages of RPA solutions is their scalability. RPA solutions are effortlessly adapted to shifting organizational operations. It offers ability to transfer any complex process to additional virtual robots and simple, cost-effective solution. RPA technology is a suitable solution to shift organizational environment. It also offers innovative opportunities to rearrange human capital. Robotic process automation supports banks automate the simple, rule-based or repetitive and back-end tasks. RPA is a cost-effective solution for banking.

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As RPA empowers banks automate like bank balance, account information, loan information, the turnaround time is suggestively reduced which surges customer satisfaction.

Global RPA and Hyperautomation in Banking Market Regional Insights

North America: Held the Dominant Position in the Global RPA and Hyperautomation in Banking Market

North America held the dominant position in 2021 and is expected to continue its dominance during the forecast period. The region has a presence of large banking and financial sector with the integration of the RPA and Hyperautomation. The BFSI industry has already gone through the digital transformation. US banking industry has witnessed accelerated digitalization which has created a need for high-functioning and error-proof mobile and web applications. AI and Automation in Banking Industry in the North America are estimated to reach USD 182 billion because of high adoption of advanced financial techniques. The detail analysis of the other region like Europe, Asia Pacific, Middle East & Africa and South America has been covered in the report.

Market Size in 2021 USD 712.15 Mn.
Market Size in 2029 USD 4980.65 Mn.
CAGR 27.52 % (2022-2029)
Forecast Period 2022-2029
Base Year 2021
Number of Pages 280
No. of Tables 118
No. of Charts and Figures 115
Segment Covered Deployment Mode, Components, Application, Organisation Size
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Global RPA and Hyperautomation in Banking Market Segmentation

By Component        

  • Solution
  • Service

By Deployment Mode        

  • On-Premises
  • Cloud

By Organization Size        

  • Large Enterprises
  • Small and Medium-Sized Enterprises

By Application

  • Cutomer Account Management
  • Fraud Prevention
  • Report and Invoice Automation
  • Account Opening and KYC
  • Auditing and Compliance
  • Chatboat
  • Others

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Global RPA and Hyperautomation in Banking Market Key Competitors include:

  • IBM (US)
  • Microsoft (US)
  • Alteryx (US)
  • Appian (US)
  • Juniper Network(US)
  • Zendesk (US)
  • Pegasystem (US)
  • Automation anywhere (US)
  • Uipath (US)
  • ProcessMaker (US)
  • PagerDuty (US)
  • Celonis (US)
  • Laserfiche (US)
  • HelpSystem (US)
  • Decisions (US)
  • Datamatics (US)
  • Automate.io (US)
  • AutomationEdge (US)
  • Techforce.ai (US)
  • Simple Fractal (US)
  • RocketBoat (chile)
  • SAP (Germany)
  • Blue Prism (UK)
  • G1ANT (UK)
  • Turbotic (Sweden)
  • Laiye (China)
  • Quale Infotech (India)
  • AkaBot (Vietnam)

Key questions answered in the Global RPA and Hyperautomation in Banking Market are:

  • What is RPA and Hyperautomation in Banking?
  • What is the growth rate of RPA and Hyperautomation in Banking Market during the forecast period?
  • The degree of competition in Global RPA and Hyperautomation in Banking industry in developed and developing economies?
  • Who are the leading key players in the RPA and Hyperautomation in Banking Market?
  • Who are the market leaders in RPA and Hyperautomation in Banking in Germany?
  • Who are the market leaders in RPA and Hyperautomation in Banking in USA and Canada
  • Who are the market leaders in RPA and Hyperautomation in Banking in India, China, Japan and South Korea?
  • Which region held the largest market share in Global RPA and Hyperautomation in Banking Market?
  • What are the factors for the growth of Europe region in Global RPA and Hyperautomation in Banking Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Deployment Mode, Components, Application, Organisation Size and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading information technology and telecommunication research firm, has also published the following reports:

Global RPA & Hyper Automation Market: RPA & Hyper Automation Market size was valued at USD 8.18 Bn. in 2021 and the total revenue is expected to grow at 23.4 percent through 2022 to 2029, reaching nearly USD 44.1 Bn. The demand for an automated solution for business continuity and planning is driving the growth of RPA and hyper automation market.

Global Hyper Automation Market: Hyper Automation Market size was valued at USD 8.24 Bn. in 2021 and the total revenue is expected to grow at 18.2 percent from 2022 to 2029, reaching nearly USD 31.4 Bn. Many industrial businesses are employing hyper automation to cut operating costs and boost the effectiveness of the entire manufacturing process in response to growing automation trends in the manufacturing and healthcare sectors.

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Core Banking Software Market: The market size was valued at USD 10.35 Bn. in 2021 and the total revenue is expected to grow at 8.2 percent from 2022 to 2029, reaching nearly USD 19.44 Bn. The market is driven by the increasing adoption of advanced technology in banking and the rise of digital banking is expected to drive the market growth.

Online Banking Market: The market size was valued at USD 14.74 Bn. in 2021 and the total revenue is expected to grow at 13.6 percent from 2022 to 2029, reaching nearly USD 40.90 Bn. The market is driven by changing consumer preferences, the massive growth of the e-commerce industry and growing preference for digital services in general.

Banking System Software Market: The market size was valued at USD 28.29 Bn. in 2021 and the total revenue is expected to grow at 5.98 percent from 2022 to 2029, reaching nearly USD 45.02Bn. The market is driven by changing consumer preferences, the massive growth of the e-commerce industry and growing preference for digital services in general.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Artificial Intelligence

Akuvox S567G Smart Indoor Monitor Has Received Google Mobile Service Certification

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XIAMEN, China, Sept. 13, 2024 /PRNewswire/ — Akuvox has announced its S567G, an indoor monitor powered by Android™, to have received Google GMS certification. This certification ensures full support for Google Services, allowing users to download and update apps directly from the Google Play Store, including smart home control apps. It also enhances system security, protecting against malware and unauthorized access.

GMS certification involves comprehensive testing and approval by Google or a designated 3PL lab, validating security and compatibility to ensure seamless integration within the Android ecosystem. Receiving GMS certification underscores Akuvox’s leadership in the smart intercom industry. Building on its legacy as the pioneer of Android smart intercoms, Akuvox continues to elevate its Android systems with Google’s rigorous certification, offering clients flexible and sophisticated smart intercom solutions. 
The S567G’s GMS certification ensures flawless operation with key Google apps like Chrome, Gmail, YouTube, Maps, and the Play Store. Edward Shi, Product Manager of the S567G, notes, “The positive feedback we’ve received from clients, even during testing, confirms that this device is transforming daily life. It’s more than just an intercom — it’s a versatile tool, even capable of functioning as a small TV. Our team has worked tirelessly to meet the highest standards, and I’m excited to see how it enhances smart living for our users.”
The S567G’s features extend beyond intercom functionality. With four HD speakers and a 1280 x 800 IPS LCD screen, it offers an exceptional audio-visual experience, redefining the concept of an indoor monitor. Whether for entertainment or smart home control, the S567G stands out as a versatile wall-mounted tablet, bringing innovation to every interaction.
About Akuvox
Akuvox is a global leading provider of smart intercom and smart home products and solutions. It is committed to unleashing the power of technology to improve people’s lives with better communication, greater security, and more convenience. Encompassing artificial intelligence, SIP, Android, cloud, security, and other advanced technologies, Akuvox continuously drives breakthrough changes in the industry and creatively delivers an unrivaled portfolio of smart intercom and smart home products and solutions. It has been deployed and used daily in more than 110 countries and regions, meeting customer needs in various vertical markets that range from residential to commercial, from healthcare to public safety.
Photo – https://mma.prnewswire.com/media/2504901/Akuvox_S567G_Indoor_Monitor_Has_Received_GMS_CertificationAkuvox_proudly_announced.jpg 

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Artificial Intelligence

SeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition

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SAINT JORIOZ, France, Sept. 13, 2024 /PRNewswire/ — SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation.

SmartBubble: Concentration of Technology and Design
Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils.
SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival.
SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition
SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on “inverted T” foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability.
SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils.
SeaBubbles: Vision for the Future
SeaBubbles’ ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats.
“Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy,” explains Virginie Seurat, CEO of SeaBubbles. “The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort – zero noise, zero waves, zero emissions.”
AxiCom for SeaBubbles, [email protected] 
Photo – https://mma.prnewswire.com/media/2505216/SmartBubble_SeaBubbles.jpgLogo – https://mma.prnewswire.com/media/2146226/SeaBubbles_Logo.jpg
 
 
 

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Artificial Intelligence

Amagi and BuyDRM Partner to Secure Streaming Video on PlayMedia’s FAST Platform GoPlay

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NEW YORK, Sept. 13, 2024 /PRNewswire/ — Amagi, the global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), today announced a partnership with BuyDRM, a leading content security services and solutions provider offering cloud-based content security for the streaming video platform GoPlay by PlayMedia. This successful collaboration with BuyDRM’s KeyOS Content Security Platform provides robust safeguards for valuable video content while allowing PlayMedia to focus on delivering high-quality video experiences to its audience without compromising security.

This partnership marks a significant step forward in addressing the evolving challenges of content security in today’s digital landscape. By combining BuyDRM’s expertise in DRM solutions with Amagi’s scalable cloud infrastructure, PlayMedia can ensure comprehensive protection for its content library against piracy and unauthorized access.
BuyDRM’s KeyOS Content Security Platform is an award-winning, studio-approved multi-DRM and watermarking content security platform for video. The KeyOS platform protects the assets of copyright holders and distributors with robust security services and solutions for high-value video content and is trusted by many of the most prominent names in media and entertainment across the globe.
Srinivasan KA, Co-Founder and Chief Revenue Officer at Amagi, said, “Our partnership with BuyDRM aligns perfectly with our endeavor to empower content creators and distributors with innovative technology. Integrating BuyDRM’s KeyOS platform into our cloud-based platform offers our customers like PlayMedia the peace of mind they need to focus on delivering exceptional content.”
“The alliance with Amagi made it possible for our mutual customer, PlayMedia, to utilize our content security offering in a cloud-based environment without sacrificing their security standards and the user experience,” said Christopher Levy, BuyDRM CEO and Co-Founder. “Both companies worked hard to empower PlayMedia with the technology needed to thrive in today’s streaming market.”
Amagi provides a complete suite of channel creation, distribution, and monetization solutions. The company’s clients include some of the world’s biggest names, including A+E Networks UK, ABS-CBN, Astro, Cox Media Group, DAZN, Globo, Lionsgate Studio, NBCUniversal, Tastemade, and VIZIO.
Amagi is exhibiting at IBC2024. Attendees can join Amagi and experience its innovative media cloud platform, which addresses unified broadcast and streaming TV workflows. Click here to book a meeting with Amagi executives.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live, linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services, bringing simplicity, advanced automation, and transparency to all broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and 5,000+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, Toronto, Mexico City, London, Paris, Sydney, Seoul, and Singapore, broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
About BuyDRM
BuyDRM™ is a leading global provider of content security services for the entertainment, education, enterprise, and hospitality industries. BuyDRM’s KeyOS content security platform powers many of the largest brands in media and technology. With decades of market-leading experience implementing commercial content security solutions and media technologies, BuyDRM has amassed substantial success stories for many of today’s largest brands such as ABC (Australian Broadcasting Corporation), Daily Rounds, Deluxe Digital, EPIX, FuboTV, POPS Singapore, Rakuten Viki, Redbox, Roku, Samsung TV+, SBS Australia, Showtime, Sinclair Digital, Soundcloud, Sportradar, TubiTV and ViaPlay.
For more information, please visit www.buydrm.com.
Amagi Contact:
Aashish WashikarDirector – Corporate Communications Email: [email protected]
Photo: https://mma.prnewswire.com/media/2505092/Amagi_BuyDRM.jpg
 

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