Who are the key vendors in the Global Robotic Process Automation Market?

In today's highly competitive industry, increasing work agility and providing better client experiences have become critical. RPA is being used by businesses in the BFSI, healthcare, IT and Telecom, and other industries to boost productivity and efficiency while lowering labor costs for repetitive operations. RPA bots can retrieve information from a variety of legacy systems using the digital platform. Bank customers, for example, can check their accounts online and set up automatic bill payment and KYC verification, among other things, using the internet. 'Nice Systems Ltd. (Israel)','Automation Anywhere (US)','Blue Prism Group Plc (UK)','Celaton Ltd. (UK)','IPSoftInc. (US)','Pegasystems Inc. (US)','Redwood Software (US)','UiPath SRL (UK)','Verint Systems Inc. (US)','and Xerox Corporation (US)' Read More

What is the key driver of Global Robotic Process Automation Market?

Contact centre outsourcing, banking, financial services, and insurance (BFSI), business process outsourcing (BPO), procurement outsourcing, and human resources outsourcing (HRO) are all growing at a rapid pace. As a result of its ability to perform a variety of tasks such as account opening and closing, completing requests for quotation and proposals, IT system testing and monitoring, and handling queries in the billing and customer service departments, robotic process automation has a huge Robotic Process Automation Market potential across various business verticals. Healthcare, BPO, banking, and insurance businesses all adopt robotic process automation because their processes are well-defined, repeatable, and rule based. Read More

What is the key market trend for Global Robotic Process Automation Market?

Over the forecast period, a shift in company business operations because of the pandemic-induced work-from-home situation is likely to boost the Robotic Process Automation Market growth. The market is expected to evolve because of the integration of cognitive technologies and the transformation of business processes across companies. Read More

Which region accounted for the largest share in Global Robotic Process Automation Market?

North America leads the overall Robotic Process Automation Market with the largest market share of over 35% in 2021. As a result of high penetration enterprise adoption of process management and automation solutions by government agencies throughout the region. In addition, the adoption of increased awareness of RPA among SMEs in North America various business functions, such as accounting/finance, data management, etc. Record keeping, procurement details, and other HR-related tasks the Robotic Process Automation Market is growing due to processes. Read More

Robotic Process Automation Market Size, Share, Growth Analysis, By Type(Tool-based, Service-based), By Organization Size(Small and Medium Enterprises, Large Enterprises), By Process(Automated Solution, Decision Support and Management Solution, Interaction Solution), By Operation(Rule-based, Knowledge-based), By End User(Banking, Financial Services, Insurance, Telecom and IT Industry), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Robotic Process Automation Market?

Global Robotic Process Automation Market was valued at USD 2.1 Billion in 2021, and it is expected to reach a value of USD 17.43 Billion by 2028, at a CAGR of 35.3% over the forecast period (2022-2028). Read More

Report ID: SQMIG45J2216 | Region: Global | Published Date: August, 2024
Pages: 157 | Tables: 116 | Figures: 77

Robotic Process Automation Market Competitive Landscape

Top Player’s Company Profiles

Automation Anywhere (USA)
UiPath (USA)
WorkFusion (USA)
NICE (Israel)
Pegasystems (USA)
Redwood Software (Netherlands)
SAP (Germany)
Appian (USA)
EdgeVerve (India)
HelpSystems (USA)
Datamatics (India)
Epiance (India)
AutomationEdge (India)
Xerox Corporation
Verint System Inc
Uipath SRL
Celaton Ltd.
Ipsoft, Inc.
Arago Us, Inc.
IBM

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What is the global market size of Robotic Process Automation Market?

Robotic Process Automation Market was valued at USD 2.58 Billion in 2022 and is expected to rise from USD 3.39 Billion in 2023 to reach a value of USD 30.34 Billion by 2031, at a CAGR of 31.50% during the forecast period (2024–2031).

Who are the key vendors in the Robotic Process Automation Market?

Robotic process automation companies should focus on diversifying their offerings for multiple industries to increase their market share. Integrating other advanced technologies will also create new business scope for robotic process automation providers in the future. Developing custom robotic process automation solutions catering to specific applications will also be a popular strategy for market players. Partnerships and collaborations will play a vital role in expanding the market presence of all companies involved. 'Automation Anywhere (USA)', 'UiPath (USA)', 'WorkFusion (USA)', 'NICE (Israel)', 'Pegasystems (USA)', 'Redwood Software (Netherlands)', 'SAP (Germany)', 'Appian (USA)', 'EdgeVerve (India)', 'HelpSystems (USA)', 'Datamatics (India)', 'Epiance (India)', 'AutomationEdge (India)', 'Xerox Corporation', 'Verint System Inc', 'Uipath SRL', 'Celaton Ltd.', 'Ipsoft, Inc.', 'Arago Us, Inc.', 'IBM'

What is the key driver of Robotic Process Automation Market?

Almost all industry verticals are focusing on improving their productivity and efficiency to maximize profits in this volatile economic landscape through automation adoption. This trend is projected to promote the demand for robotic process automation across the forecast period and beyond.

What is the key market trend for Robotic Process Automation Market?

Cost-effective Robotic Process Automation Solutions: While large enterprises have embraced robotic process automation with open arms, the same cannot be said for small and medium enterprises. Crafting affordable yet scalable robotic process automation solutions for SMEs will be a major trend to explore in the long run.

Which region accounted for the largest share in Robotic Process Automation Market?

The early technology adopter status of North America allows it to dominate the global robotic process automation market share. Growing number of organizations opting for robotic process automation in this region are helping it maintain its dominant stance. Moreover, rising awareness regarding benefits of robotic process automation adoption and rising need for better solutions to ensure regulatory compliance are also helping North America’s high market share. Canada and the United States are expected to be the most opportune markets for robotic process automation providers in this region. High acceptance of automation technologies among employees in this region will also favor robotic process automation adoption in the future.

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Which region accounted for the largest share in Robotic Process Automation Market?

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