The Latin America, Middle East and Africa Cognitive Process Automation Market would witness market growth of 28.0% CAGR during the forecast period (2023-2030).
Future growth of the market is anticipated to be boosted by increased use of automation technology. All practices and apparatus that enable factories and systems to operate automatically are referred to as automation technology. Automation technology enables a system to operate independently by using preprogrammed commands in conjunction with automatic feedback control to ensure that the instructions are correctly carried out.
It is frequently used in sectors to revolutionize enterprises and improve daily operations by increasing productivity and reducing costs, which encourages market expansion. In the market, rapid technological advances have emerged as the dominant trend. To enhance their positions in the market, major players in the market are creating cutting-edge goods.
The Internet of Things (IoT), blockchain, and robotic process automation (RPA) are increasingly combined with cognitive automation to develop more robust and effective systems. With the development of technology, cognitive automation systems are becoming more accurate and efficient at making decisions.
The oil-rich Gulf States actively uses AI and ML to diversify its economy across the Middle East and Africa. The vast majority of Gulf countries recognize the value of contemporary technology and are constantly working to develop new technologies. Regarding technological advancement and acceptance, the United Arab Emirates takes the lead in the Arab region. Projects for smart cities and autonomous mobility are also driving the demand for AI and ML skills in the region. Brazil and Uruguay are two Latin American countries implementing new programs and regulations to facilitate the adoption of advanced technologies in the region. The widespread usage of AI, ML, and other technologies further aids the regional market.
The Brazil market dominated the LAMEA Cognitive Process Automation Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $542.2 million by 2030. The Argentina market is estimated to grow at a CAGR of 28.7% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 27.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 4 LAMEA Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 5 LAMEA Machine Learning Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Machine Learning Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Pattern Identification Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Pattern Identification Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Biometrics Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Biometrics Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Natural Language Processing Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Natural Language Processing Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Optical Character Recognition & Others Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Optical Character Recognition & Others Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 16 LAMEA Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 17 LAMEA BFSI Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA BFSI Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA IT & Telecommunication Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA IT & Telecommunication Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Retail & E-commerce Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Retail & E-commerce Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Transportation & Logistics Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Transportation & Logistics Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Media & Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Media & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Healthcare & Life Sciences Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Healthcare & Life Sciences Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Energy & Utilities Market by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 36 LAMEA Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 37 LAMEA Finance Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Finance Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Procurement Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Procurement Market by Country, 2023 - 2030, USD Million
TABLE 41 LAMEA HR Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA HR Market by Country, 2023 - 2030, USD Million
TABLE 43 LAMEA IT Operations Market by Country, 2019 - 2022, USD Million
TABLE 44 LAMEA IT Operations Market by Country, 2023 - 2030, USD Million
TABLE 45 LAMEA Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 46 LAMEA Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 47 LAMEA Intelligent Process Automation Market by Country, 2019 - 2022, USD Million
TABLE 48 LAMEA Intelligent Process Automation Market by Country, 2023 - 2030, USD Million
TABLE 49 LAMEA Robotic Process Automation Market by Country, 2019 - 2022, USD Million
TABLE 50 LAMEA Robotic Process Automation Market by Country, 2023 - 2030, USD Million
TABLE 51 LAMEA Cognitive Process Automation Market by Country, 2019 - 2022, USD Million
TABLE 52 LAMEA Cognitive Process Automation Market by Country, 2023 - 2030, USD Million
TABLE 53 Brazil Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 54 Brazil Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 55 Brazil Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 56 Brazil Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 57 Brazil Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 58 Brazil Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 59 Brazil Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 60 Brazil Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 61 Brazil Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 62 Brazil Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 63 Argentina Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 64 Argentina Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 65 Argentina Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 66 Argentina Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 67 Argentina Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 68 Argentina Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 69 Argentina Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 70 Argentina Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 71 Argentina Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 72 Argentina Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 73 UAE Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 74 UAE Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 75 UAE Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 76 UAE Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 77 UAE Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 78 UAE Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 79 UAE Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 80 UAE Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 81 UAE Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 82 UAE Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 83 Saudi Arabia Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 84 Saudi Arabia Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 85 Saudi Arabia Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 86 Saudi Arabia Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 87 Saudi Arabia Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 88 Saudi Arabia Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 89 Saudi Arabia Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 90 Saudi Arabia Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 91 Saudi Arabia Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 92 Saudi Arabia Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 93 South Africa Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 94 South Africa Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 95 South Africa Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 96 South Africa Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 97 South Africa Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 98 South Africa Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 99 South Africa Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 100 South Africa Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 101 South Africa Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 102 South Africa Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 103 Nigeria Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 104 Nigeria Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 105 Nigeria Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 106 Nigeria Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 107 Nigeria Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 108 Nigeria Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 109 Nigeria Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 110 Nigeria Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 111 Nigeria Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 112 Nigeria Cognitive Process Automation Market by Type, 2023 - 2030, USD Million
TABLE 113 Rest of LAMEA Cognitive Process Automation Market, 2019 - 2022, USD Million
TABLE 114 Rest of LAMEA Cognitive Process Automation Market, 2023 - 2030, USD Million
TABLE 115 Rest of LAMEA Cognitive Process Automation Market by Application, 2019 - 2022, USD Million
TABLE 116 Rest of LAMEA Cognitive Process Automation Market by Application, 2023 - 2030, USD Million
TABLE 117 Rest of LAMEA Cognitive Process Automation Market by Vertical, 2019 - 2022, USD Million
TABLE 118 Rest of LAMEA Cognitive Process Automation Market by Vertical, 2023 - 2030, USD Million
TABLE 119 Rest of LAMEA Cognitive Process Automation Market by Services, 2019 - 2022, USD Million
TABLE 120 Rest of LAMEA Cognitive Process Automation Market by Services, 2023 - 2030, USD Million
TABLE 121 Rest of LAMEA Cognitive Process Automation Market by Type, 2019 - 2022, USD Million
TABLE 122 Rest of LAMEA 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 LAMEA 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 LAMEA Cognitive Process Automation Market share by Application, 2022
FIG 7 LAMEA Cognitive Process Automation Market share by Application, 2030
FIG 8 LAMEA Cognitive Process Automation Market by Application, 2019 - 2030, USD Million
FIG 9 LAMEA Cognitive Process Automation Market share by Vertical, 2022
FIG 10 LAMEA Cognitive Process Automation Market share by Vertical, 2030
FIG 11 LAMEA Cognitive Process Automation Market by Vertical, 2019 - 2030, USD Million
FIG 12 LAMEA Cognitive Process Automation Market share by Services, 2022
FIG 13 LAMEA Cognitive Process Automation Market share by Services, 2030
FIG 14 LAMEA Cognitive Process Automation Market by Services, 2019 - 2030, USD Million
FIG 15 LAMEA Cognitive Process Automation Market share by Type, 2022
FIG 16 LAMEA Cognitive Process Automation Market share by Type, 2030
FIG 17 LAMEA Cognitive Process Automation Market by Type, 2019 - 2030, USD Million
FIG 18 LAMEA Cognitive Process Automation Market share by Country, 2022
FIG 19 LAMEA Cognitive Process Automation Market share by Country, 2030
FIG 20 LAMEA 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.