Robotic Process Automation (RPA) Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast to 2026

The global Robotic Process Automation (RPA) market, one of the fastest growing and most promising industries in sustainable and intelligent technologies, is set to see remarkable growth going forward. RPA solutions are widely adopted by companies to reduce operational costs. The widespread adoption of automated solutions in numerous end-user industries will have a positive impact on the industry outlook.

Based on the type of solution, the RPA industry is divided into decision-making and management support, automated interaction. It is expected that interactive solutions will dominate the industry in the coming years. This can be linked to the increasing need to reduce human error rates in processes that interact with internal IT systems.

In terms of services, the RPA industry includes professional services, as well as training and consulting services. Training and consulting services are expected to be in high demand in the coming years. The demand is mainly driven by the increasing adoption of RPA solutions by small and medium-sized enterprises (SMEs).

The RPA industry is divided into model-based and process-based based on tools. Model-based RPA solutions are expected to dominate the market in the next few years, with a strong demand for tools for continuous testing such as analytics and dashboards.

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Based on the operation, the RPA market is divided into rule-based and knowledge-based solutions. It is expected that the demand for knowledge-based RPA tools will increase significantly in the future with the increasing use of AI technology to understand employee and customer behavior and to optimize business processes. The implementation of advanced analytics solutions will further fuel this demand.

Given the size of the organization, the market includes SMEs and large corporations. Large companies are likely to create a remarkable demand for robotic process automation tools to minimize operational costs and reduce reliance on human resources. RPA service providers, meanwhile, are investing in research and development and pursuing strategies for working with global players to meet this demand.

Robotic process automation is used extensively in BFSI, healthcare, IT and telecommunications, manufacturing, transportation, retail, energy and utilities, and others. The manufacturing sector is one of the leading users of RPA tools and will have a significant market share by 2026. The introduction of RPA in manufacturing is being driven by the worldwide spread of Industry 4.0.

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RPA is a critical innovation in Industry 4.0 that can help manufacturers improve productivity, drive product innovation, and meet customer expectations while reducing costs. Geographically, the Middle East and Africa RPA industry will see remarkable growth over the next several years. The regional trends can be linked to the presence of established oil and gas companies as well as the emergence of new players.

July 27, 2021