Robotic Process Automation (RPA) Market Size to Reach USD 1930 Million by 2025

Bangalore, India, 17th June 2020 / PRNewswire / – RPA is business process automation software that provides tools for configuring custom software robots and automating processes. With RPA you can take control of operational challenges and increase the speed, flexibility and scalability of your business processes.

In 2018, the global Robotic Process Automation (RPA) market size was $ 477 millionand it is expected to achieve 1930 million USD by the end of 2025 with a CAGR of 21.3% between 2019 and 2025.

This report studies Robotic Process Automation (RPA) market size by players, regions, product types and end industries, historical data 2014-2018 and forecast data 2019-2025. The report also studies the global competitive landscape in the market, market drivers and trends, opportunities and challenges, risks and barriers to entry, sales channels, distributors, and Porter’s five forces analysis.

This report also analyzes the impact of Coronavirus COVID-19 on the Robotic Process Automation industry.

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RPA systems can be tailored and structured for implementation based on current requirements and regulations. RPA technology enables companies to streamline various standardized processes. This feature is expected to increase the RPA market size over the forecast period.

The digital transformation efforts are expected to accelerate the growth in RPA market size over the forecast period. While RPA software is used in all industries, insurers, banks, and telecommunications companies are the largest users. With this technology, companies will accelerate their digital transformation efforts and unlock the value of previous investments in technology.

Improved employee and customer satisfaction, accelerated productivity gains, and improved compliance are some of the key benefits of implementing RPA. These offered benefits are expected to increase the size of the RPA market.

The use of artificial intelligence (AI) and cognitive computing in robotic process automation has increased dramatically with technological advances. AI and RPA technologies can process large amounts of data and improve decision-making in organizations when implemented together. To improve business processes and achieve organizational goals, cognitive computing, which includes adaptive learning, speech recognition, and design recognition algorithms, is integrated into the RPA. This implementation of RPA with AI and cognitive computing is expected to fuel market growth

Major factors driving the growth of RPA market size include increased business outsourcing, investments in IT infrastructure, and the adoption of new technologies in China and India.

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Because of its strong technological growth North America holds the largest RPA market share. In addition, the increasing adoption of RPA by MSMEs is expected to increase the market size.

Countries like Great Britain, Germany, and ItalyBecause of the strong manufacturing and automotive sectors, they are the main contributors to the growth of the RPA market.

Asia Pacific Growing consumer electronics products are forcing manufacturers in the production process to use RPA as a means of reducing costs and making efficient use of their workforce. During the forecast period Asia Pacific is expected to have the highest growth rate.

RPA Market by Regions

  • North America ((United States, Canada and Mexico)
  • Europe ((Germany, UK, France, Italy, Russia and Turkey etc)
  • Asia Pacific ((China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America ((Brazil etc)
  • middle East and Africa ((Egypt and GCC countries)

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RPA Market by Product Type

RPA Market by End User / Application

  • BFSI
  • Healthcare & Pharma
  • Manufacturing & logistics
  • IT & telecommunications
  • retail trade
  • travel
  • hospitality
  • transport
  • Other

RPA market company:

  • Automation Everywhere (US)
  • Blue prism (UK)
  • Celaton Ltd (UK)
  • Ipsoft (USA)
  • Nice Systems Ltd. (Israel)
  • Pegasystems (USA)
  • Redwood Software (USA)
  • Uipath (Romania)
  • Verint (USA)
  • Xerox Corporation (USA)
  • Other.

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Intelligent automation enables companies to improve conventional process performance using knowledge-based workflows. This is used to simplify business processes and speed up difficult decisions. Intelligent process automation is primarily a mix of AI and RPA.

The report provides a country specific and regional market size for the period 2015-2026. It also includes the market size and forecast for each application segment in terms of revenue for 2015-2026 period.

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  • RPA software market report

The Key Regions Covered In The Robotic Process Automation (RPA) Software Market Report Are: North America, Europe, China, Japan, South East Asia, Indiaand Central & South America, etc.

The report provides a country specific and regional market size for the period 2015-2026. It also includes the market size and forecast by type and application segment in terms of sales for 2015-2026 period.

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  • Enterprise RPA Market Report

Key factors driving the market growth in the robotics industry are the increasing demand for AI and tool-based robotic process automation.

Enterprise RPA is used in various industries including BFSI, telecommunications and IT to increase the accuracy and efficiency of various processes.

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  • COVID-19 Impact On Global RPA In Telecommunications Market Report

The COVID 19 pandemic has spread to nearly 100 countries around the world since the outbreak December 2019. The global impact of Coronavirus Disease 2019 (COVID 19) is already being felt and will have a significant impact on robotic process automation in the telecommunications market in 2020.

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  • RPA in the BFSI market report

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  • RPA product market report

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  • Effects of COVID-19 on Global RPA in the Healthcare Market report

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  • Effects of COVID-19 on Global RPA in Financial Market Report

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April 4, 2021