The Europe Cognitive Process Automation Market would witness market growth of 24.4% CAGR during the forecast period (2023-2030).
Implementing automation technologies is spreading across various sectors, including BFSI, IT & telecom, healthcare, and others, thereby fueling market expansion. Additionally, adopting this technology in sectors to enhance the traditional performance of their processes through knowledge-based workflows stimulates market expansion. Enterprises can automate labor-intensive operations with cognitive automation to increase productivity, prevent human error, and save costs.
Cognitive automation can take several forms, like utilizing automated procedures with intelligent data collecting, such as optical character recognition (OCR), machine vision, natural language processing, or natural language understanding. This is frequently referred to as IPA or DPA. Automating configuration and decisions using AI decision algorithms to enhance or replace current business rules monitoring systems or enterprise resource planning systems. These self-driving corporate solutions essentially introduce self-driving capabilities to enterprise solutions.
Cognitive process automation can be used in a variety of application situations. One example is to combine RPA and cognitive capabilities for chatbots that give customers the impression that they are instant messaging with a human customer service person. Another option is to develop voice-activated bots for telephone conversations.
Due to the fact that Europe is a capital-intensive region, the demand for automation has expanded in a variety of industries, including the pharmaceutical industry. With increasing research & development activities in the medical and pharmaceutical industries and the development of technologies such as machine learning (ML), artificial intelligence (AI), and automation algorithms, the European healthcare & life science automation industry is expected to expand at a rapid pace. In addition, as a result of government- sponsored investment programs for the life science business, it is anticipated that the future of this sector will embrace the latest technology changes, such as pharmacy automation.
The Germany market dominated the Europe Cognitive Process Automation Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.8 billion by 2030. The UK market is estimated to witness a CAGR of 23.3% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 25.3% during (2023 - 2030).
Based on Application, the market is segmented into Machine Learning, Pattern Identification, Biometrics, Natural Language Processing, and Optical Character Recognition & Others. Based on Vertical, the market is segmented into BFSI, Manufacturing, IT & Telecommunication, Retail & E-commerce, Transportation & Logistics, Media & Entertainment, Healthcare & Life Sciences, Energy & Utilities, and Others. Based on Services, the market is segmented into Finance, Procurement, HR, and IT Operations. Based on Type, the market is segmented into Intelligent Process Automation, and Robotic Process Automation. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Cognitive Process Automation Market is Projected to reach USD 26.9 Billion by 2030, at a CAGR of 24.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Altair Engineering, Inc. (IMG COMPANIES, LLC.), Alteryx, Inc., Hitachi Vantara LLC (Hitachi Ltd.), IBM Corporation, Oracle Corporation, SAS Institute, Inc., TIBCO (The Information Bus Company) Software. Inc., Teradata Corporation, Datameer, Inc., DataRobot, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Machine Learning
- Pattern Identification
- Biometrics
- Natural Language Processing
- Optical Character Recognition & Others
By Vertical
- BFSI
- Manufacturing
- IT & Telecommunication
- Retail & E-commerce
- Transportation & Logistics
- Media & Entertainment
- Healthcare & Life Sciences
- Energy & Utilities
- Others
By Services
- Finance
- Procurement
- HR
- IT Operations
By Type
- Intelligent Process Automation
- Robotic Process Automation
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Altair Engineering, Inc. (IMG COMPANIES, LLC.)
- Alteryx, Inc.
- Hitachi Vantara LLC (Hitachi Ltd.)
- IBM Corporation
- Oracle Corporation
- SAS Institute, Inc.
- TIBCO (The Information Bus Company) Software. Inc.
- Teradata Corporation
- Datameer, Inc.
- DataRobot, Inc.
TABLE 1 Europe Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 2 Europe Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 3 Europe Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 4 Europe Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 5 Europe Machine Learning Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Machine Learning Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Pattern Identification Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Pattern Identification Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Biometrics Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Biometrics Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Natural Language Processing Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Natural Language Processing Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Optical Character Recognition & Others Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Optical Character Recognition & Others Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 16 Europe Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 17 Europe BFSI Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe BFSI Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe IT & Telecommunication Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe IT & Telecommunication Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Retail & E-commerce Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Retail & E-commerce Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Transportation & Logistics Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Transportation & Logistics Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Media & Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Media & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 29 Europe Healthcare & Life Sciences Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Healthcare & Life Sciences Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Energy & Utilities Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 36 Europe Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 37 Europe Finance Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Finance Market by Country, 2023 - 2030, USD Million
TABLE 39 Europe Procurement Market by Country, 2019 - 2022, USD Million
TABLE 40 Europe Procurement Market by Country, 2023 - 2030, USD Million
TABLE 41 Europe HR Market by Country, 2019 - 2022, USD Million
TABLE 42 Europe HR Market by Country, 2023 - 2030, USD Million
TABLE 43 Europe IT Operations Market by Country, 2019 - 2022, USD Million
TABLE 44 Europe IT Operations Market by Country, 2023 - 2030, USD Million
TABLE 45 Europe Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 46 Europe Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 47 Europe Intelligent Process Automation Market by Country, 2019 - 2022, USD Million
TABLE 48 Europe Intelligent Process Automation Market by Country, 2023 - 2030, USD Million
TABLE 49 Europe Robotic Process Automation Market by Country, 2019 - 2022, USD Million
TABLE 50 Europe Robotic Process Automation Market by Country, 2023 - 2030, USD Million
TABLE 51 Europe Cognitive Process Automation Market by Country, 2019 - 2022, USD Million
TABLE 52 Europe Cognitive Process Automation Market by Country, 2023 - 2030, USD Million
TABLE 53 Germany Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 54 Germany Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 55 Germany Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 56 Germany Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 57 Germany Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 58 Germany Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 59 Germany Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 60 Germany Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 61 Germany Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 62 Germany Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 63 UK Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 64 UK Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 65 UK Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 66 UK Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 67 UK Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 68 UK Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 69 UK Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 70 UK Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 71 UK Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 72 UK Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 73 France Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 74 France Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 75 France Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 76 France Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 77 France Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 78 France Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 79 France Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 80 France Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 81 France Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 82 France Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 83 Russia Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 84 Russia Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 85 Russia Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 86 Russia Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 87 Russia Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 88 Russia Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 89 Russia Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 90 Russia Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 91 Russia Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 92 Russia Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 93 Spain Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 94 Spain Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 95 Spain Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 96 Spain Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 97 Spain Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 98 Spain Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 99 Spain Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 100 Spain Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 101 Spain Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 102 Spain Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 103 Italy Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 104 Italy Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 105 Italy Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 106 Italy Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 107 Italy Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 108 Italy Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 109 Italy Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 110 Italy Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 111 Italy Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 112 Italy Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 113 Rest of Europe Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 114 Rest of Europe Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 115 Rest of Europe Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 116 Rest of Europe Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 117 Rest of Europe Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 118 Rest of Europe Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 119 Rest of Europe Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 120 Rest of Europe Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 121 Rest of Europe Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 122 Rest of Europe Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 123 Key Information – Altair Engineering, Inc.
TABLE 124 Key Information – Alteryx, Inc.
TABLE 125 Key Information – Hitachi Vantara LLC
TABLE 126 Key Information – IBM Corporation
TABLE 127 Key Information – Oracle Corporation
TABLE 128 Key Information – SAS Institute, Inc.
TABLE 129 Key Information – Tibco Software, Inc.
TABLE 130 Key Information – Teradata Corporation
TABLE 131 Key Information – Datameer, Inc.
TABLE 132 Key Information – DataRobot, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Cognitive Process Automation Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Cognitive Process Automation Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis – Cognitive Process Automation Market
FIG 6 Europe Cognitive Process Automation Market share by Application, 2022
FIG 7 Europe Cognitive Process Automation Market share by Application, 2030
FIG 8 Europe Cognitive Process Automation Market by Application, 2019 - 2030, USD Million
FIG 9 Europe Cognitive Process Automation Market share by Vertical, 2022
FIG 10 Europe Cognitive Process Automation Market share by Vertical, 2030
FIG 11 Europe Cognitive Process Automation Market by Vertical, 2019 - 2030, USD Million
FIG 12 Europe Cognitive Process Automation Market share by Services, 2022
FIG 13 Europe Cognitive Process Automation Market share by Services, 2030
FIG 14 Europe Cognitive Process Automation Market by Services, 2019 - 2030, USD Million
FIG 15 Europe Cognitive Process Automation Market share by Type, 2022
FIG 16 Europe Cognitive Process Automation Market share by Type, 2030
FIG 17 Europe Cognitive Process Automation Market by Type, 2019 - 2030, USD Million
FIG 18 Europe Cognitive Process Automation Market share by Country, 2022
FIG 19 Europe Cognitive Process Automation Market share by Country, 2030
FIG 20 Europe Cognitive Process Automation Market by Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: Altair Engineering, Inc.
FIG 22 SWOT Analysis: Alteryx, Inc.
FIG 23 SWOT Analysis: Hitachi Vantara LLC
FIG 24 Recent strategies and developments: IBM Corporation
FIG 25 SWOT Analysis: IBM Corporation
FIG 26 Recent strategies and developments: Oracle Corporation
FIG 27 SWOT Analysis: Oracle Corporation
FIG 28 SWOT Analysis: SAS Institute, Inc.
FIG 29 SWOT Analysis: TIBCO Software. Inc.
FIG 30 SWOT Analysis: Teradata Corporation
FIG 31 SWOT Analysis: Datameer, Inc.
FIG 32 SWOT Analysis: DataRobot, Inc.