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Robotic/intelligent process automation (RPA/IPA) and artificial intelligence (AI) automation spending worldwide from 2016 to 2021, by segment
(in billion U.S. dollars)
Spending on automation and AI business operations worldwide 2016-2021, by segment
This statistic shows the global spending on automation and artificial intelligence (AI) business operations in 2016 and a forecast from 2017 to 2021. It is estimated that, in 2018, 7.5 billion U.S. dollars will be spent on intelligent process automation. In this context, artificial intelligence is autonomous decision-making by a system or systems designed to simulate human thought processes. The process involves self-learning systems improved through data mining, pattern recognition, and natural language processing.
Robotic/intelligent process automation (RPA/IPA) and artificial intelligence (AI) automation spending worldwide from 2016 to 2021, by segment
(in billion U.S. dollars)
Robotic process automationIntelligent process automationAI business operations
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Source

Release date

November 2017

Region

Worldwide

Survey time period

2017

Supplementary notes

* forecast
The source defines the three categories as follows:
"RPA Definition: RPA describes a software development toolkit that allows non-engineers to quickly create software robots (known commonly as "bots") to automate rules-driven business processes...
Intelligent Process Automation Definition: Intelligent Process Automation (IPA) is the use of technology to allow a business function or part of the operation of a process workflow work automatically...
AI Definition: AI refers to the simulation of human thought processes across enterprise operations, where the system makes autonomous decisions, using high-level policies, constantly monitoring and optimizing its performance and automatically adapting itself to changing conditions and evolving business rules and dynamics."

Spending on automation and AI business operations worldwide 2016-2021, by segment
This statistic shows the global spending on automation and artificial intelligence (AI) business operations in 2016 and a forecast from 2017 to 2021. It is estimated that, in 2018, 7.5 billion U.S. dollars will be spent on intelligent process automation. In this context, artificial intelligence is autonomous decision-making by a system or systems designed to simulate human thought processes. The process involves self-learning systems improved through data mining, pattern recognition, and natural language processing.
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