logo
logo
Sign in

Robotic Process Automation Market Analysis By Size, Share, Growing Demand, Trends, Companies & Forecast To 2027

avatar
Sunil Rathod
Robotic Process Automation Market Analysis By Size, Share, Growing Demand, Trends, Companies & Forecast To 2027

The global robotic process automation market size is expected to reach USD 10.7 billion by 2027, expanding at a CAGR of 33.6% from 2020 to 2027, according to a new report by Radiant Insights, Inc. Robotic process automation (RPA) offers a proven solution for enterprises that are hampered by challenges and inefficiencies associated with legacy business systems. RPA enables organizations to automate structured functions and allows increased focus on core business activities. Increasing adoption of automation software and services has enabled organizations to meet consumer expectations and offer enhanced customer management.

The role of technology and its integration within the organizations is evolving at a faster pace. The ever-increasing regulatory changes and the compliance functions are reducing the speed of work done by employees. This has resulted in the adoption of robotics process automation to manage the compliance functions in a better manner than employees. This, in turn, is contributing towards reduction in cost and safeguarding organization from non-compliance. The RPA industry is growing at an unprecedented rate because of the high levels of efficiency and productivity being achieved by automation. Companies like Automation Anywhere, UiPath, and Blue Prism happen to be the leading players in the RPA market. The players in the market are concentrated on developing improved and cost-effective solutions and offering enhanced customer experience. Automation Anywhere offers a complete digital workforce portfolio, featuring, Bot Store, Digital Workers, RPA mobile app, and IQ Bot. The company is focused on offering a better and comprehensive product portfolio to its customers.

Download Free Sample Report @ https://www.radiantinsights.com/research/robotic-process-automation-market/request-sample

Small and medium organizations have a limitation in terms of cost and human resources. These organizations are continuously striving to reduce costs by improving and outsourcing their business processes. Additionally, when it comes to operating a small organization, the main focus is keeping the operations lean. Significant benefits of RPA implementation include improved employee and customer satisfaction, accelerated productivity gains, and enhanced compliance. Even though RPA software can be found across all industries, the major adopters include insurance companies, banks, and telecom companies, and utility companies. RPA offers organizations with comprehensive intelligence and assists users with actionable information and better insights. Furthermore, the RPA processes are customizable and are aimed at operating with the existing and new regulations and standards. Thus, automation technologies can help organizations in streamlining different structured processes.

Further key findings from the report suggest:

• The service segment dominated the robotic process automation market in 2019 and is projected to continue its dominance, expanding at a CAGR of 35.4% over the forecast period

• The large enterprises segment held the leading market share of more than 67% in 2019

• North America held the dominant market share of approximately 40% in 2019. Asia Pacific, on the other hand, is anticipated to exhibit the fastest CAGR over the forecast period

• Prominent players operating in the RPA market include UiPath; Automation Anywhere, Inc.; NICE; Blue Prism; Pegasystems; Kofax; NTT Advanced Technology Corporation; Genpact Ltd; EdgeVerve; and IPsoft, Inc.

Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/robotic-process-automation-market

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Methodology
1.3.1 Information Procurement
1.3.2 Purchased Database
1.3.3 Radiant Insights internal database
1.3.4 Secondary sources & third-party perspectives
1.3.5 Primary Research
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
1.7 List of Abbreviations

Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Global Robotic process automation Market
2.2.1 Robotic process automation market size & forecasts, 2016 - 2027 (USD Million)
2.2.2 Type Segment Trends
2.2.2.1 Robotic process automation market, by type, 2016 -2027 (USD Million)
2.2.3 Service Segment Trends
2.2.3.1 Robotic process automation market, by service, 2016 - 2027 (USD Million)
2.2.4 Organization Segment Trends
2.2.4.1 Robotic process automation market, by organization, 2016 - 2027 (USD Million)
2.2.5 Deployment Segment Trends
2.2.5.1 Robotic process automation market, by deployment, 2016 - 2027 (USD Million)
2.2.6 Application Trends
2.2.6.1 Robotic process automation market, by application, 2016 - 2027 (USD Million)
2.2.7 Regional Segment Trends
2.2.7.1 Robotic process automation market, by region, 2016 - 2027 (USD Million)

Chapter 3 Robotic process automation Market Variables, Trends & Scope
3.1 Market Segmentation
3.2 Robotic process automation - Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market Driver analysis
3.3.1.1 Need for reduced operational costs and increased efficiency
3.3.1.2 Growing demand for automation of business processes
3.3.2 Market challenge analysis
3.3.2.1 Rigidness of employees to switch from manual to automated process
3.4 Penetration and Growth Prospect Mapping
3.5 Industry Analysis Tool
3.5.1 Porter's five forces analysis
3.5.2 Robotic process automation market - PEST analysis

Chapter 4 Robotic Process Automation Market: Competitive Analysis
4.1 Major Deals and Strategic Alliances, 2014 - 2018
4.2 Key Company Ranking Analysis, 2019

Continued…

Read all Reports of this category @ https://www.radiantinsights.com/catalog/technology-and-media

About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: [email protected]
Website: https://www.radiantinsights.com/

collect
0
avatar
Sunil Rathod
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more