Research firm Gartner estimates that the HyperAutomation is validated for growth in the upcoming few quarters. The graph of the technologies is enabled to reach a staggering figure of $586 billion by 2022. Currently, the valuation is seized at around $481.6 billion, and the increase would gauge by 24% in earnings.
Gartner is expecting the technologies to gain momentum that enables organizations to rapidly identify and automate as many processes available in the dynamic and competitive market. HyperAutomation would be the tech integrated by enterprises and the experts suggest that it might become a strive for survival if the technology doesn’t get installed. HyperAutomation-enabling technologies include robotic process automation (RPA), low-code application platforms (LCAP), AI, and virtual assistants.
The terms and regulations in the installation however have made it difficult to keep up the same intensity in the small enterprises. According to a study, the low-code would make up for almost 65 percent of the application development activity. HyperAutomation extends the idea of intelligent automation, as it promises end-to-end process automation with minimal human intervention required. The convergence of intelligent process automation technologies and cloud computing, along with the need to process invaluable content, helps make the case for hyper-automation across several industries more compelling.