Robotic Process Automation Market size was valued at USD 5.8 Billion in 2021, registering a CAGR of 23.4% during the forecast period (2022-2030), and the market is projected to be worth USD 38.5 Billion by 2030.
Organizations desire robotic process automation to manage complex unstructured data and to automate every business function from beginning to end. To increase the breadth of business process automation, companies are merging RPA with artificial intelligence and cognitive technology. These tools analyse work activities, identify optimum procedures, and advise firms on an automation path.
Robotic Process Automation Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Component (Software, Services), By Application (Data Migration & Capture Extraction, Analysis, Administration and Reporting, Customer Support), By Operation (Rule-Based, Knowledge-Based), By Industry (IT and Telecom, Hospitality, Retail, Manufacturing and Logistics Industry, BFSI) and companies (EdgeVerve Systems Ltd., FPT Software, OnviSource, Inc., HelpSystems, Xerox Corporation, UiPath, Automation Anywhere, Blue Prism, NICE, Pegasytems, Celaton Ltd., KOFAX, Inc., NTT Advanced Technology Corp.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 23.4%, over the forecast period of 2022–2030.
The increased adoption of Robotic Process Automation in the Communication Services industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Robotic Process Automation also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Robotic Process Automation in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||38.5 Billion|
|By Component||Software, Services.|
|By Application||Data Migration & Capture Extraction, Analysis, Administration and Reporting, Customer Support, Others (Compliance, Strategy).|
|By Operation||Rule-Based, Knowledge-Based.|
|By Industry||IT and Telecom, Hospitality, Retail, Manufacturing and Logistics Industry, BFSI.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||EdgeVerve Systems Ltd., FPT Software, OnviSource, Inc., HelpSystems, Xerox Corporation, UiPath, Automation Anywhere, Blue Prism, NICE, Pegasytems, Celaton Ltd., KOFAX, Inc., NTT Advanced Technology Corp.|
The COVID-19 pandemic has had a substantial negative influence on the Robotic Process Automation market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
EdgeVerve Systems Ltd., FPT Software, OnviSource, Inc., HelpSystems, Xerox Corporation, UiPath, Automation Anywhere, Blue Prism, NICE, Pegasytems, Celaton Ltd., KOFAX, Inc., NTT Advanced Technology Corp.
Market Segment Analysis:
- Data Migration & Capture Extraction
- Administration and Reporting
- Customer Support
- Others (Compliance, Strategy)
- IT and Telecom
- Manufacturing and Logistics Industry
- Others (Education, Travel & Transportation, Government)
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Robotic Process Automation industries in the region.
Key Robotic Process Automation Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Robotic Process Automation Market segments.
– Largest Market Share Held by Industry to Industry for Robotic Process Automation
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Robotic Process Automation Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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