Robotic Process Automation Market Demand By Type, Service, Organization, Deployment, Application, Region And Forecast To 2027

06/apr/2020 11:19:13 Grand View Research Contatta l'autore

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Robotic Process Automation Market

 

San Francisco, 6  April 2020: The Report Robotic Process Automation Market Size, Share & Trends Analysis Report By Type (Software, Service), By Application (BFSI, Retail), By Organization, By Service, By Deployment, And Segment Forecasts, 2020 – 2027

The global robotic process automation market size is expected to reach USD 10.7 billion by 2027, expanding at a CAGR of 33.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Robotic process automation (RPA) offers a proven solution for enterprises that are hampered by challenges and inefficiencies associated with legacy business systems. RPA enables organizations to automate structured functions and allows increased focus on core business activities. Increasing adoption of automation software and services has enabled organizations to meet consumer expectations and offer enhanced customer management.

The role of technology and its integration within the organizations is evolving at a faster pace. The ever-increasing regulatory changes and the compliance functions are reducing the speed of work done by employees. This has resulted in the adoption of robotics process automation to manage the compliance functions in a better manner than employees. This, in turn, is contributing towards reduction in cost and safeguarding organization from non-compliance. The RPA industry is growing at an unprecedented rate because of the high levels of efficiency and productivity being achieved by automation. Companies like Automation Anywhere, UiPath, and Blue Prism happen to be the leading players in the RPA market. The players in the market are concentrated on developing improved and cost-effective solutions and offering enhanced customer experience. Automation Anywhere offers a complete digital workforce portfolio, featuring, Bot Store, Digital Workers, RPA mobile app, and IQ Bot. The company is focused on offering a better and comprehensive product portfolio to its customers.

Small and medium organizations have a limitation in terms of cost and human resources. These organizations are continuously striving to reduce costs by improving and outsourcing their business processes. Additionally, when it comes to operating a small organization, the main focus is keeping the operations lean. Significant benefits of RPA implementation include improved employee and customer satisfaction, accelerated productivity gains, and enhanced compliance. Even though RPA software can be found across all industries, the major adopters include insurance companies, banks, and telecom companies, and utility companies. RPA offers organizations with comprehensive intelligence and assists users with actionable information and better insights. Furthermore, the RPA processes are customizable and are aimed at operating with the existing and new regulations and standards. Thus, automation technologies can help organizations in streamlining different structured processes.

Access Research Report of Robotic Process Automation Market @ https://www.grandviewresearch.com/industry-analysis/robotic-process-automation-rpa-market

 Further key findings from the report suggest:

  • The service segment dominated the robotic process automation market in 2019 and is projected to continue its dominance, expanding at a CAGR of 35.4% over the forecast period
  • The large enterprises segment held the leading market share of more than 67% in 2019
  • North America was the leading region for this technology in 2019, on account of the high penetration of process management and automation solutions in the region. Moreover, there has been a steady rise in the virtual workforce industry in the United States in recent years, with agencies such as 10up and append to strengthening their grasp on the market.
  • The major organizations involved in the use of RPA technology include: Automation Anywhere, Inc.; Blue Prism Group Plc; UiPath; Be Informed B.V.; OpenSpan; Jacada, Inc., EdgeVerve, IBM, Kofax, Kryon, and Pegasystems, among others.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/communication-services

Grand View Research has segmented the global robotic process automation market on the basis of type, service, organization, deployment, application, and region:

Robotic Process Automation Type Outlook (Revenue, USD Million, 2016 - 2027)

  • Software
  • Service

Robotic Process Automation Service Outlook (Revenue, USD Million, 2016 - 2027)

  • Consulting
  • Implementation
  • Training

Robotic Process Automation Organization Outlook (Revenue, USD Million, 2016 - 2027)

  • SMEs
  • Large Enterprises

Robotic Process Automation Deployment Outlook (Revenue, USD Million, 2016 - 2027)

  • Cloud
  • On-Premise

Robotic Process Automation Application Outlook (Revenue, USD Million, 2016 - 2027)

  • BFSI
  • Manufacturing
  • Pharma & Healthcare
  • Retail
  • Telecom & IT
  • Others

Robotic Process Automation Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Access Press Release of Robotic Process Automation Market @ https://www.grandviewresearch.com/press-release/global-robotic-process-automation-rpa-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

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