Robotic Process Automation (RPA) Market Worldwide Industry Details by Top Manufacture, Price, Supply-Demand, Recent Trends, Share, Development Trend and End User Analysis, Outlook for 2026

The global robotic process automation (RPA) market, one of the fastest emerging and most promising industries in sustainable and intelligent technologies, is set to see remarkable growth in the future. RPA solutions are very popular in companies to reduce operating costs. The widespread adoption of automated solutions in numerous end-use 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. Interaction solutions are expected to dominate the industry in the years to come. This can be linked to the increasing need to reduce the human error rate 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. Significant demand is expected for training and advisory services in the coming years. Demand is mainly driven by the increasing adoption of RPA solutions by small and medium-sized enterprises (SMEs).

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The RPA industry is divided into model-based and process-based segments on the basis of tools. It is expected that model-based RPA solutions will dominate the market in the next few years and there will be strong demand for tools for continuous testing such as analytics and dashboards.

Based on the operation, the RPA market is divided into rule-based and knowledge-based solutions. The demand for knowledge-based RPA tools is expected to increase significantly in the future as AI technology is increasingly used to understand employee and customer behavior and to streamline business processes. The implementation of advanced analytics solutions will further increase this demand.

Given the size of the organization, the market includes SMEs and large corporations. Large companies are likely to generate notable 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 are pursuing strategies to work with global players to meet this demand.

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

RPA is a key innovation in Industry 4.0 that can help manufacturers improve productivity, drive product innovation, and meet customer expectations while reducing costs. Geographically speaking, the Middle East and Africa RPA industry is expected to 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.

contents

Chapter 1 Methodology and Scope

  • 1.1 Definitions and forecast parameters
    • 1.1.1 Definitions
    • 1.1.2 Methodology and forecast parameters
  • 1.2 data sources
    • 1.2.1 Secondary
    • 1.2.2 Primary

Chapter 2 Summary

  • 2.1 Robotic process automation industry 360 degree overview, 2016 – 2026
    • 2.1.1 Business development
    • 2.1.2 Service trends
    • 2.1.3 Tool trends
    • 2.1.4 Trends in organization size
    • 2.1.5 Solution trends
    • 2.1.6 Operating trends
    • 2.1.7 Application trends
    • 2.1.8 Regional trends

Chapter 3 Insights into Industry

  • 3.1 Industry segmentation
  • 3.2 Effects of COVID-19 on the robotic process automation landscape
    • 3.2.1 Global outlook
    • 3.2.2 Regional impact
      • 3.2.2.1 North America
      • 3.2.2.2 Europe
      • 3.2.2.3 Asia-Pacific
      • 3.2.2.4 Latin America
      • 3.2.2.5 MEA
    • 3.2.3 The industrial value chain
      • 3.2.3.1 Research & Development
      • 3.2.3.2 Marketing
      • 3.2.3.3 Delivery
    • 3.2.4 Competitive landscape
      • 3.2.4.1 Strategy
      • 3.2.4.2 Distribution network
      • 3.2.4.3 Business growth
  • 3.3 Analysis of the industrial ecosystem
    • 3.3.1 Technology provider
    • 3.3.2 Software Developer
    • 3.3.3 End use landscape
    • 3.3.4 Sales channel analysis
    • 3.3.5 Supplier matrix
  • 3.4 Technology and innovation landscape
  • 3.5 Regulatory landscape
    • 3.5.1 North America
    • 3.5.2 Europe
    • 3.5.3 Asia-Pacific
    • 3.5.4 Latin America
    • 3.5.5 MEA
  • 3.6 Influential forces in industry
    • 3.6.1 Growth drivers
      • 3.6.1.1 High demand for minimizing operating costs in companies in North America
      • 3.6.1.2 Rising Demand for RPA in BFSI and IT & Telecom Industries in Asia Pacific
      • 3.6.1.3 Enhanced cooperation and partnership with the government for public sector development in Europe
      • 3.6.1.4 Growing demand for automation in the oil and gas industry in MEA
      • 3.6.1.5 Growing BPO Industry in Latin America
    • 3.6.2 Pitfalls and challenges in the industry
      • 3.6.2.1 High costs related to the technology
      • 3.6.2.2 Lack of awareness of RPA in underdeveloped and emerging economies
  • 3.7 Analysis of the growth potential
  • 3.8 Porter Analysis
    • 3.8.1 Supplier power
    • 3.8.2 Purchasing power
    • 3.8.3 New Entry Threat
    • 3.8.4 Threat from substitutes
    • 3.8.5 Internal rivalry
  • 3.9 PESTEL analysis

March 30, 2021