Blue Prism Technology Services Market: Needs for RPA Solutions Boost Adoption Forecast 2017-2018 – KSU
Fact.MR recently published a market study shedding light on key aspects that will have a material impact on the growth of the Blue Prism Technology Services market over the 2018-2028 period. The report finds that the ubiquity of Robot Process Automation (RPA) tools in most industrial sectors is a stimulus for the development of Blue Prism technology services.
According to the Fact.MR report Sales of Blue Prism technology services are expected to increase 35.6% in 2018 compared to 2017. The report continues to be optimistic about the remarkable growth prospects of the Blue Prism technology services market through 2028 as various end-user industries stand ready to invest in Blue Prism technology services over the long term to increase their productivity.
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With the majority of incumbents focused on acquiring and expanding their RPA initiatives, Blue Prism’s technology services market is attracting the attention of various industry sectors.
Blue Prism Technology Services marketers are introducing advanced Blue Prism Technology Services that enable end users to innovate with intelligent automation. In addition to the advanced features, providing greater flexibility, scalability, security and control for the Blue Prism Technology Services remains a primary focus for the Blue Prism Technology Services market participants.
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The increasing popularity of RPA tools in various industrial sectors compliments the market growth
Enterprise-wide digital transformation is driving the adoption of automation tools such as Blue Prism technology services in multiple industrial sectors. Growing need for RPA tools to improve business efficiency and productivity of white collar processes attracting a wide range of industries such as transportation and logistics, IT and telecommunications, and banking, financial services and insurance (BSFI) to invest in the Blue Prism technology service market .
“RPA tools or software are robots built into a variety of Blue Prism technology services designed to replace human workers with digital workers in various industries. Depending on the specific needs of the end users, vendors in the Blue Prism Technology Services market modify the capabilities of the RPA tool using specific Blue Prism Technology Services to expand their reach in different industry sectors. Blue Prism technology services market participants are expanding their partner ecosystem to take advantage of the dramatic increase in RPA tool adoption and gain momentum in the Blue Prism technology services market, ”said a senior analyst at Fact.MR.
The adoption of Blue Prism Technology Services in SMBs is increasing rapidly
As the negative effects of the major recessions subside, the number of small and medium-sized enterprises (SMEs) around the world is growing positively. The majority of SMBs tend to invest heavily in innovation and smart automation, and therefore the growing number of SMBs is likely to accelerate the expansion of the Blue Prism technology services market.
The Fact.MR report finds that adoption of Blue Prism technology services is growing relatively quickly among SMEs than it is among large companies. As SMBs invest heavily in automation services like Blue Prism technology services to increase their productivity and inclusive growth, SMBs outperform large companies in terms of value creation, redefining the marketing strategies of Blue Prism technology service providers.
According to the US Small Business Administration (SBA), the number of small businesses in the US exceeded 30 million in 2015, with over 47.5% of the employment in the country. According to a report published by the European Commission, the number of SMEs in the UK rose from 1.87 million to 1.97 million in 2015-2016. Players in the Blue Prism technology services market see the proliferation of SMEs as a lucrative growth opportunity to drive the adoption of Blue Prism technology services.
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