Paving the Way for a Future-ready Enterprise: Intelligent Process Automation (IPA) State of the Market 2024
State of the Market Report

28 Jun 2024
by Anil Vijayan, Vaibhav Bansal, Anish Nath, Divya Chandak, Karthi P, Pragya Sultania, Ananay Chahal

With new innovations and technologies entering the market, organizations must evolve into digital-first businesses to stay resilient and competitive. Intelligent Process Automation (IPA) leads operational transformation, revolutionizing businesses by automating mundane tasks. With generative AI taking centerstage, the scope and capabilities of automation have expanded significantly. Implementing IPA solutions strategically not only streamlines workflows but also frees valuable human resources, allowing organizations to focus on innovation and core objectives. Buyers across various sectors are swiftly adopting IPA to drive digital transformation initiatives. Meanwhile, solution providers are actively innovating and tailoring IPA solutions to meet specific organizational needs, empowering businesses to achieve greater agility and scalability in their operations.

In this report, we provide an in-depth analysis of the IPA market for both buyers and solution providers. It covers IPA solution and service capabilities, the provider landscape, adoption trends, challenges, best practices, and the outlook for 2024-25.

Scope

  • All industries and geographies
  • IPA solutions: sourcing IPA technology products, along with consulting, implementation, and maintenance services, but excluding traditional BPO services
  • IPA services only: sourcing IPA services such as consulting, implementation, and maintenance

Contents

In this report, we examine:

  • IPA market overview and its future outlook
  • Adoption trends by industry, business function, geography, and buyer size
  • IPA solution and service characteristics
  • The IPA solution provider landscape
  • Challenges and best practices

Membership(s)

Service Optimization Technologies (SOT)

Sourcing and Vendor Management

 

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