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Global Robotic Process Automation (RPA) Industry Market Dynamics & Strategic Insights 2021-2030
Robotic Process Automation (RPA) is a software technology that anyone can easily use to automate digital tasks. Software users can create software robots or "bots" with RPA, which can learn, imitate, and then execute rule-based business processes. RPA allows user to create robots by perceiving human digital actions. Robotic process automation software bots can interact with any application or system in the same way as people do, except that RPA robots can run around the clock, non-stop, and faster with 100% reliability and accuracy. They interpret, trigger responses, and communicate with other systems to perform on a vast variety of repetitive tasks. RPA software robot never sleeps and makes zero mistake.
Global Robotic Process Automation (RPA) Market іѕ ѕеgmеntеd on the bаѕіѕ оf Offering (Software and Service), Deployment Mode (On-premise and Cloud-based), Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprise), End-Use (BFSI, Pharma & Healthcare, Retail & Consumer Goods, Information Technology (IT) & Telecom, Communication and Media & Education, Manufacturing, Logistics, Energy & Utilities, and Others End-Uses) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
The Global Robotic Process Automation (RPA) Market wаѕ vаluеd аt USD 1,597.07 Mn іn 2020 and іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 19.5% frоm 2021 tо 2030.
The report on Global Robotic Process Automation (RPA) Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the global robotic process automation market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Robotic Process Automation (RPA) Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Robotic Process Automation (RPA) Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Robotic Process Automation (RPA) Market.
Market Dynamics:
Increasing demand for robotic process automations of redundant tasks in the organization owing to its abilities to reduce the downtime and overhead expenses is a key factor expected to register significant revenue share in the target market. In addition, adoption of IOT technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in various sectors is another factor expected to augment demand for robotic process automations. RPA reduces the repetitiveness of workers daily tasks by processing workflow, faster and more efficiently. This is among some of the other factors expected to boost growth of the target market.
However, risk of data security, lack of training among SMEs for RPA, coupled with the outbreak of COVID-19 may have negative impact on the end-use industries, that may hamper growth of the global robotic process automation market.
Growing awareness among users regarding RPA, along with technological advancements by prominent players have triggered industries to overcome new challenges with the changing consumer requirements, are factors expected to create lucrative revenue opportunities for players operating in the global robotic process automation market.
Segmental Analysis:
Among the offering segment, the service segment is expected to register significant share in the global market, owing to intense competition, service providers are implementing advisory, consulting, and training services continuously.
Among the deployment mode segments, the on-premise segment is expected to grow at a tremendous rate in the global robotic process automation market.
Among the organization size segments, the large enterprise segment is expected to account for major revenue share in the target market and projected to witness highest CAGR in the next coing years.
Among the end-use segment, the BFSI segment is projected to witness highest growth rate in the global market, owing to increasing automation of business tasks, such as compliance regulations, data entry, and others.
Regional Analysis:
The North America market is expected to register major market share in terms of revenue in the global robotic process automation market. Increasing penetration of automation and process management solutions, coupled with technological advancements by major players are factors expected to augment growth of the robotic process automation market in the region. Furthermore, Asia Pacific market is projected to grow at a rapid CAGR in the next upcoming years, owing to increasing demand for RPA solutions in BPO sector in countries such as India, China, and others.
Global Robotic Process Automation (RPA) Market Segmentation:
Segmentation by Offering:
• Software
• Service
Segmentation by Deployment Mode:
• On-premise
• Cloud-based
Segmentation by Organization Size:
• Small and Medium Enterprises (SMEs)
• Large Enterprise
Segmentation by End-Use:
• BFSI
• Pharma & Healthcare
• Retail & Consumer Goods
• Information Technology (IT) & Telecom
• Communication and Media & Education
• Manufacturing
• Logistics, Energy & Utilities
• Others End-Uses
Segmentation by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players:
Nice Systems Ltd.
Pegasystems, Inc.
Automation Anywhere, Inc.
Blue Prism PLC
Redwood Software
Uipath SRL
KOFAX, Inc.
NTT Advanced Technology Corporation
EdgeVerve Systems Limited
FPT Software
Verint System Inc.
Xerox Corporation
Ipsoft, Inc.
Celaton Ltd.
Global Robotic Process Automation (RPA) Market іѕ ѕеgmеntеd on the bаѕіѕ оf Offering (Software and Service), Deployment Mode (On-premise and Cloud-based), Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprise), End-Use (BFSI, Pharma & Healthcare, Retail & Consumer Goods, Information Technology (IT) & Telecom, Communication and Media & Education, Manufacturing, Logistics, Energy & Utilities, and Others End-Uses) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
The Global Robotic Process Automation (RPA) Market wаѕ vаluеd аt USD 1,597.07 Mn іn 2020 and іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 19.5% frоm 2021 tо 2030.
The report on Global Robotic Process Automation (RPA) Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the global robotic process automation market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Robotic Process Automation (RPA) Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Robotic Process Automation (RPA) Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Robotic Process Automation (RPA) Market.
Market Dynamics:
Increasing demand for robotic process automations of redundant tasks in the organization owing to its abilities to reduce the downtime and overhead expenses is a key factor expected to register significant revenue share in the target market. In addition, adoption of IOT technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in various sectors is another factor expected to augment demand for robotic process automations. RPA reduces the repetitiveness of workers daily tasks by processing workflow, faster and more efficiently. This is among some of the other factors expected to boost growth of the target market.
However, risk of data security, lack of training among SMEs for RPA, coupled with the outbreak of COVID-19 may have negative impact on the end-use industries, that may hamper growth of the global robotic process automation market.
Growing awareness among users regarding RPA, along with technological advancements by prominent players have triggered industries to overcome new challenges with the changing consumer requirements, are factors expected to create lucrative revenue opportunities for players operating in the global robotic process automation market.
Segmental Analysis:
Among the offering segment, the service segment is expected to register significant share in the global market, owing to intense competition, service providers are implementing advisory, consulting, and training services continuously.
Among the deployment mode segments, the on-premise segment is expected to grow at a tremendous rate in the global robotic process automation market.
Among the organization size segments, the large enterprise segment is expected to account for major revenue share in the target market and projected to witness highest CAGR in the next coing years.
Among the end-use segment, the BFSI segment is projected to witness highest growth rate in the global market, owing to increasing automation of business tasks, such as compliance regulations, data entry, and others.
Regional Analysis:
The North America market is expected to register major market share in terms of revenue in the global robotic process automation market. Increasing penetration of automation and process management solutions, coupled with technological advancements by major players are factors expected to augment growth of the robotic process automation market in the region. Furthermore, Asia Pacific market is projected to grow at a rapid CAGR in the next upcoming years, owing to increasing demand for RPA solutions in BPO sector in countries such as India, China, and others.
Global Robotic Process Automation (RPA) Market Segmentation:
Segmentation by Offering:
• Software
• Service
Segmentation by Deployment Mode:
• On-premise
• Cloud-based
Segmentation by Organization Size:
• Small and Medium Enterprises (SMEs)
• Large Enterprise
Segmentation by End-Use:
• BFSI
• Pharma & Healthcare
• Retail & Consumer Goods
• Information Technology (IT) & Telecom
• Communication and Media & Education
• Manufacturing
• Logistics, Energy & Utilities
• Others End-Uses
Segmentation by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players:
Nice Systems Ltd.
Pegasystems, Inc.
Automation Anywhere, Inc.
Blue Prism PLC
Redwood Software
Uipath SRL
KOFAX, Inc.
NTT Advanced Technology Corporation
EdgeVerve Systems Limited
FPT Software
Verint System Inc.
Xerox Corporation
Ipsoft, Inc.
Celaton Ltd.
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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