1. Business

Intelligent Process Automation Market Worth $21.1 Billion by 2027 – MarketsandMarkets™

Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

Telecommunications and IT segment is expected to grow at a higher CAGR during the forecast period

The telecommunications & IT industry is increasingly adopting intelligent process automation solutions to reduce operating costs and improve operational efficiency and customer satisfaction. Benefits of IPA solutions include centralization and consolidation of request management systems for enhanced efficiency, improved transparency, and visibility for service functions; automation of Service Level Agreement (SLA) reporting; and reduction of manual efforts. The telecommunications & IT industry has benefited the most with advancements in technologies, such as 5G, IoT, AI, and ML. The demand for expanding infrastructure and automating operations in the telecommunications & IT domain has increased as these technologies have progressed. CSPs are transforming themselves from traditional communication service providers to IP broadband, cloud, and IT platform providers with a focus on the business segment. The telecom industry has largely evolved with next-gen services, including high-speed internet, wireless, OTT/IPTV, IoT, hosted VoIP, and others. This, in turn, has led the telecom companies to control content and the channels through which it is consumed. This is driving the growth of automation testing solutions across the telecommunications & IT vertical. Organizations are shifting to digital ways to manage workloads, which has led to an unexpected surge in fixed and mobile network traffic and access demands. Telecom network operators are needed to address this unprecedented situation to fulfill the increased networking requirements of customers globally.

Login

Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe