Robotic Process Automation (RPA) Market Global Forecast to 2022 by Latest Trends, Top Key Players, Future Growth, Product Type, Revenue Analysis, Demand Forecast

(MENAFN – Comserve) Shibuya-ku, Tokyo, Japan, Japan, March 22, 2021 at 11:00 a.m. / Comserve / – The market for robotic process automation is valued at USD 2,467.0 million by 2022, with an annual rate of $ 2,467.0 million Growth rate of 30.14% in 2017 and 2022.

‘The robotic process automation market is expected to have significant growth potential between 2017 and 2022.
The main factors that have propelled the market growth are the ease of business processes that robotic process automation offers and the convergence of robotic process automation with the traditional business process industries. The main restraints of the robotic process automation market are the risk of data security, which hinders the implementation of robotic process automation in finance, and the diminished potential of robotic process automation for knowledge-based business processes.

The most important market players include Automation Anywhere (USA), Blue Prism (Great Britain), Celaton Ltd. (Great Britain), IPSoft (USA), Nice Systems Ltd. (Israel), Pegasystems (USA), Redwood Software (USA) and UiPath (USA) UK), Verint (USA) and Xerox Corporation (USA).

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‘The market for automated solutions for robotic processes is likely to grow the fastest between 2017 and 2022.
Based on processes, the market for automated solutions for automating robotic processes is expected to grow with the highest CAGR between 2016 and 2022. The banking, financial services and insurance sector uses the automation of robotics processes to improve competence and accelerate business processes. Due to the high degree of flexibility and scalability of the solution and the higher demands on data processing and workflow management, the provision is widespread.

‘The rule-based automation of robot processes had the largest market share in 2016.
The rule-based automation of robot processes had a larger market share in 2016 compared to knowledge-based processes. Business processes require a highly flexible and reusable model that can be configured quickly. Software programming is partly required for back-end business operations and for ongoing business processes that are validated and tested against the business logic. The rule-based automation of robotic processes is used for repetitive administrative tasks in the context of constant business behavior.

‘In 2016, the BFSI had the largest share of the entire market for the automation of robotic processes.
In 2016, the BFSI domain had the largest share of the robotic process automation market among all industries. In the BFSI area, several systems are interconnected via interfaces to enable the flow of transaction-related data. The robotic process automation controls and monitors these interfaces to ensure seamless execution of transactions and close data gaps. Robotic process automation improves the accuracy and efficiency of various processes in the BFSI industry. These solutions also help with reporting and balance sheet reconciliation by gathering data from multiple systems and performing a variety of validation checks to prepare information for detailed analysis.

‘The Asia-Pacific Robotic Process Automation market is expected to grow at the highest rate of growth between 2017-2022.
The Asia-Pacific Robot Process Automation Market is expected to grow at the highest rate of growth in all regions in 2016 between 2017-2022. This is mainly due to the outsourcing industry’s presence in countries like India and China. Higher operational efficiency and lower costs while reducing the number of full-time employees are further advantages of the automation of robotic processes.

The main participant profiles for the report are broken down as follows:

  • By type of company: Tier 1 52%, Tier 2 16% and Tier 3 32%
  • By title: C-level executives 29%, directors 39% and other 32%
  • By region: North America 44%, Europe 32%, APAC 19% and RoW 5%

Research reporting:

The research report on the global Robotic Process Automation Market covers such segments as operation, process, type, industry, and region. The market has been divided into rule-based and knowledge-based segments based on the business activity. Based on the process, the Robotic Process Automation market has been divided into Automated Solutions, Decision Support, and Management Solutions and Interaction Solutions. The report covers two types of robotic process automation: tools and services. The Robot Process Automation Market has been segmented into Banking, Financial Services, and Insurance by industry. Healthcare and pharmaceuticals; Manufacturing and logistics; Telecommunications and IT; Retail and consumer goods; Travel, hospitality and transportation; and other. The report covers four major geographic regions namely North America, Europe, Asia-Pacific, and the rest of the world (RoW).

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“The final report will cover the impact analysis of COVID-19 on this industry (global and regional market).”

Main benefits of buying the report:

  • A descriptive segmentation, analysis, and forecast for the market – by operation, process, type, industry, and region – was performed to provide an overview of the robotic process automation market.
  • Porter’s Five Forces Framework has been used along with Value Chain Analysis to provide an in-depth look at the Robotic Process Automation market.
  • The key drivers, restraints, opportunities, and challenges for the Robotic Process Automation Market have been detailed in this report.
  • The detailed competitive landscape includes key players, in-depth analysis, and market shares of the key players.

CONTENTS

1 INTRODUCTION 14
1.1 AIMS OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 SCOPE OF THE STUDY 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS FOR THE STUDY 16
1.4 CURRENCY 16
1.5 RESTRICTIONS 16
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 20
2.1.2.2 Important insights into the industry 21
2.1.2.3 Breakdown of the area codes 21
2.2 ESTIMATE OF MARKET SIZE 22
2.2.1 LOWER APPROACH 22
2.2.1.1 Approach to capturing market share through bottom-up analysis (demand side) 22
2.2.2 TOP-DOWN APPROACH 23
2.2.2.1 Approach for recording the market share top-down analysis (supply side) 24
2.3 MARKET DISTRIBUTION AND DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS ROBOTIC PROCESS AUTOMATION MARKET 31
4.1 ROBOTIC PROCESS AUTOMATION MARKET, 20172022 (MILLION USD) 31
4.2 ROBOTIC PROCESS AUTOMATION MARKET BY TYPE (20172022) 31
4.3 ROBOTIC PROCESS AUTOMATION MARKET BY PROCESS (2017) 32
4.4 ROBOTIC PROCESS AUTOMATION MARKET BY INDUSTRY AND REGION (2017) 32
4.5 AUTOMATION MARKET FOR ROBOTIC PROCESSES BY GEOGRAPHY (2017) 33
5 MARKET OVERVIEW 34

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April 1, 2021