Global Robotic Process Automation Market, By Process (Automated Solution, Decision Support and Management Solution), By Operations (Rule Based), By Type (Tools), By Industry (IT & Telecommunication, Manufacturing & Logistics) - Forecast 2023
Exclusive Summery About Report:
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
The Global RPA market is expected to grow at very high CAGR of 57%. There are various factors which is driving the market.
High technological advancement and growing size of the organization is pushing the companies to adopt an efficient system which can learn itself and perform the task without human command or with help of few human interactions.
As industrial robots are creating a huge values to the organization by providing higher production rates with the improved quality, the RPA robots are revolutionizing the way administer business processes works.
RPCA provide immense support to the IT process, workflow process, back office works and also to remote infrastructure. High accuracy and dramatic improvements in cycle time increased productivity in the transaction process are some of the major factor in the wide adoption of RPA.
RPA software has also proven very effective and useful in organization which have different and complicated systems that requires a continuous interaction. Ability to adapt self-learning and self-correction of the data are some of the major benefits of RPA software and it the future, these features could be a very helpful while working in a complicated systems environment.
Although, the implementation of RPA software is expected to be little expensive, outsourcing is emerging with faster pace which can also result in reducing the operating cost, increasing productivity and decreasing cycle times. RPA software technology is also expected to help the companies becomes more audit and regulatory complainant which is also a driving factor of this market.
According to Market Research Future Analysis, Robotic Process Automation Market is expected to reach at USD ~7 Billion by the end of forecast period with ~57% of CAGR from year 2016 to 2022.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Robotic Process Automation Market -Forecast to 2023 ”.
Major Key Players:
- Automation Anywhere (U.S.)
- Blue Prism (U.K.)
- Celaton Ltd (U.K.)
- Ipsoft (U.S.)
- Nice Systems Ltd. (Israel)
- Pegasystems (U.S.)
- Redwood Software (U.S.)
- Uipath (Romania)
- Verint (U.S.)
- Xerox Corporation (U.S.)
Market Research Analysis:
By regional analysis, the market consists of North America, Europe, Asia-Pacific and Rest of the World. North America region is dominating the robotics process automation market.
Asia-Pacific is few of the prominent players in the market owing to increase utilization of robotics automation process in healthcare & pharmaceuticals, retail, BFSI, IT & telecommunication industry among others. The robotics automation process witnessed its implementation in manufacturing industry.
Europe region is expected to be one of the prominent players owing to presence of RPA technology in rich manufacturing and logistics sector. economies from countries such as Germany, Russia, Spain and Denmark is having high adoption of RFA technology in various industrial sector.
Robotic Process Automation Market (MRFR) Analysis:
By operations segment it consists of rule based and knowledge based operations. Rule based operations accounts for high market share as compare to knowledge based.
Rule based operation is used in enterprises for repetitive administration task in the framework of constant business behavior.
By region, MRFR analysis shows that, North America region accounts for highest market share owing to presence of key market players from the region. In US region, RFA implementation in BFSI sector is increasing as it improves business process efficiency and competency.
Due to its greater data processing and work flow management solution, RPA market is having higher demand in BFSI domain.
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- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
- Supply Chain & Logistics Organizations
- Original Equipment Manufacturers
- Healthcare & Pharmaceutical Industry
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Software
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
List of Tables
Table 1 Robotic Process Automation Market, By Process
Table 2 Robotic Process Automation Market, By Operations
Table 3 Robotic Process Automation Market, By Type
List of Figures
Figure 1 Research Type
Figure 2 Robotic Process Automation Market: By Process (%)
Figure 3 Robotic Process Automation Market: By Operations (%)
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