Robotic Process Automation Market Size
Robotic Process Automation Market is estimated to grow from USD 2.90 Billion in 2019 to reach USD 27.78 Billion by 2027, at a CAGR of 32.6% from 2020-2027.
Growing necessity to reduce operational costs and increase efficiency of repetitive high-volume tasks which require large amount of time for humans to accomplish is expected to drive the growth of robotic process automation market along with growing demand for business process automation, technological advancements and adoption of AI and cloud-based solutions for internal efficiency among SMEs.
Final Report will have an in-depth analysis of the COVID-19
impact on the Robotic Process Automation Market
Robotic Process Automation Market by Type (Software and Services); Service (Consulting, Implementation and Training); by Organization Size (SMEs and Large Enterprises); Deployment Mode (Cloud and On-Premise), Application (Banking, Financial Services and Insurance (BFSI), Healthcare and Pharmaceuticals, Manufacturing and Logistics, Telecom and IT, Retail and Consumer Goods, Travel, Hospitality, and Transportation and Others (Energy and utility, government, and academics)) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027
Market Drivers, Restraining, Opportunities
What are the Key Drivers responsible for the growth of
Robotic Process Automation
• Need for reduced operational costs and increased efficiency
• Growing demand for automation of business processes
• Technological Advancements
What are the restraints for the
Robotic Process Automation
• Rigidness of employees to switch from manual to automated process
• Data security concerns
What are the Opportunities in
Robotic Process Automation
• Adoption of AI and Cloud-based Solutions for Internal Efficiency among SMEs
• High Demand for Robotic Process Automation in the Logistics Industry
Robotic Process Automation Companies
Here are the 10 best Robotic Process
Automation companies analysis
5. Blue Prism
6. NTT Advanced Technology Corporation
9. Genpact Ltd
10. IPsoft, Inc.
Robotic process automation (RPA) also known as software robotics is the application of technology to configure a robot or computer software to collect, analyze and interpret existing applications for rule-based processing of transactions, trigger responses, manipulate data, and communicate with other digital platforms. RPA deals with the use of smart software to carry out typically monotonous, repetitive high-volume tasks which require large amount of time for humans to accomplish. RPA is based on software robots (bots) or digital workers/ artificial intelligence (AI).
The market report covers a basic overview of the market from the industry perspective. This will help the reader to get a gist about different industry dimensions from a manufacturer’s view. The report divides the market into different sections and is comprised of market revenue (value) by segments.
The report provides market data from 2016 till 2027, wherein, 2016 to 2018 will be historic years, 2019 would be the base year and 2020 to 2027 will be forecast years. The report provides different statistics and figures and charts that will help analyze trends and global Robotic Process Automation market share along with its growth rate in different regions and countries.
Key players across the globe are profiled in the report along with its company landscaping. Product portfolio for each company, recent developments and company strategies are covered along with the company financials.
Economy Trends & Strategic Analysis
Various drivers, restraints and opportunities in the Robotic Process Automation market are analyzed in detail in the report. Key drivers that make the overall market grow are discussed thoroughly, along with its impact on the sales of different product types. Report also features restraining factors that are likely to restrain the market growth. As well, different opportunities which will propel the market in future and bring new growth avenues for major market players are discussed in detail. This will help in understanding the overall dynamics prevailing in the historic as well as in coming years.
Apart from this, the report covers various collaborations, mergers and acquisitions, regional expansions, new product launches and product pipelines for the key players involved in the market.
Segmental and Geographic Analysis
The report describes in detail market segmentation by dividing the market based on its Type, Service, Organization Size, Deployment Mode, Application and region and is analyzed from 2016 to 2027 by value and volume. All the segments are evaluated by taking into consideration the historic and future trends. All the segments with the dominating & fastest growing sub-segments and the factors responsible for the same are studied and are mentioned in the report.
Evident quantitative as well as qualitative insights about the segments are covered in the report along with forecast analysis of all the segments that expected to alter the market in the future are described in detail. The segmental analysis also highlights details about different aspects that will influence the market.
Based on the type, the global market is segmented into software and services. Based on the service, the global market is segmented into consulting, implementation and training. Based on the organization size, the global market is segmented into SMEs and large enterprises. Based on the deployment mode, the global market is segmented into cloud and on-premise.
Based on the application, the global market is segmented into banking, financial services and insurance (BFSI), healthcare and pharmaceuticals, manufacturing and logistics, telecom and IT, retail and consumer goods, travel, hospitality, and transportation and others (energy and utility, government, and academics). Trend analysis for all the segments is provided in detail in the report.
Market is divided regionally and by country level into North America (U.S. Canada & Rest of North America), Europe (U.K., Germany, France, Italy, Spain, Russia & Rest of Europe), Asia Pacific (China, Japan, India, Australia, Southeast Asia & Rest of Asia Pacific), Latin America (Brazil, Mexico & Rest of Latin America) and Middle East and Africa (Saudi Arabia, South Africa, UAE & Rest of Middle East and Africa).
The report gives the pursuer the complete idea and understanding of the market and the regional and country level value and volume scenario and essentials for the industry. Current market insights on the regional level are studied and centered while market estimation, thus giving the reader a specialized idea & plans, financial as well as recent market advancements globally.
Robotic Process Automation Report Scope
Market Size in 2019
Market Size in 2027
32.6% from 2020 to 2027
2017 - 2018
Type, Service, Organization Size,
North America, Europe, Asia Pacific,
Latin America, Middle East & Africa
Robotic Process Automation Market SegmentationBy Type
By Organization Size
• Large Enterprises
By Deployment Mode
• Banking, Financial Services and Insurance (BFSI)
• Healthcare and Pharmaceuticals
• Manufacturing and Logistics
• Telecom and IT
• Retail and Consumer Goods
• Travel, Hospitality, and Transportation
• Others (Energy and utility, government, and academics)
• North America
-Rest of North America
-Rest of Europe
• Asia Pacific
-Rest of Asia Pacific
• Latin America
-Rest of Latin America
• Middle East and Africa
-Rest of Middle East and Africa
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