Enterprise Robotic Process Automation Market Global Market – Overview
Robot process automation (RPA) is a technology that configures a robot to detect and interpret applications required for data manipulation, transaction processing and co-ordinating with other automated systems. This technology is beneficial for companies that having huge workforce which could be replaced by robots. The processes can be traced by robots and with the use of automation algorithms, robotic process automation software is built which can save time and money invested in human labour. RPA technology can help organizations by providing better customer service, rapid completion of processes and efficiency in auditing processed data.
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The applications of RPA can be seen in customer service, accounting and financial services, healthcare, human resources and supply chain management. Due to escalation of digital transformations in past few years, the use of RPA solutions has increased to provide enterprise with quality of service. Investor have also realized opportunities in RPA market. For instance, UiPath, a start-up RPA vendor, became a $1 billion company after raising $153 million of funding from investors.
Key Players
Some of the prominent players in the global Enterprise Robotic Process Automation Market are Automation Anywhere (U.S.), Blue Prism Group (U.K.), Celaton Ltd (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), Pegasystems Inc. (U.S.), Redwood Software (U.S.), UiPath (Romania), Verint (U.S.), Happiest Minds (India), International Business Machines Corporation (U.S.) and Xerox Corporation (U.S.).among others.
Industry news
April 18, Myndshft Launches New Robotic Process Automation Solution – M:IA
Myndshft, the first cognitive blockchain platform developer has launched the only process automation application with native AI, M:IA which is developed for modern businesses.
April 18, Automation Anywhere Increases Investment in India, Opens New Facility in Bengaluru.
Automation Anywhere, the largest enterprise software provider in RPA, expects India to become the future of world’s automation hub due to huge demand for RPA solutions in India. Increase in adoption of RPA solutions by GICs, financial institutions, telecom service providers, technology and manufacturing companies has led Automation Anywhere deploy a new facility centre in Bengaluru, India.
March 18, Fujitsu and Blue Prism Announce Global Collaboration for Delivering Enterprise Robotic Process Automation (RPA).
Fujitsu Limited and Blue Prism Group PLC have collaborated to provide enterprise with RPA solutions across various industries. Both the companies are focusing to expand their reach towards Europe, North America and Japan so as to launch, operate and grow RPA-related activities.
Enterprise Robotic Process Automation Market Global Market – Segmentation
- Segmentation by type: tools and services.
- Segmentation by process: automated solution, decision support & management solutions, interaction solutions and others.
- Segmentation by operations: rule-based, knowledge-based and others.
- Segmentation by industry: BFSI, manufacturers, telecom, retail and others.
- Segmentation by region: North America, Europe, Asia Pacific and rest of the world.
Enterprise Robotic Process Automation Market Global Market – Regional Analysis
The regional analysis of enterprise robotic process automation market is studied for North America, Europe, Asia-Pacific and rest of the world. As economies like U.S. and Canada have adopted the use of bots at an early stage, they are expected to show their dominance in the market during the forecasting period. With the advancements in various industries such as healthcare, media & entertainment and telecom technologies, tremendous use of artificial intelligence and bots can be observed.
Asia-Pacific region is expected to show remarkable growth due to adoption of digitization and information technology. Countries like China, Japan and India are expected to show highest growth in APAC for enterprise robotic process automation market. The key players in the market are constantly innovating and investing in research and development activities in order to create cost-effective product portfolio.
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Intended Audience
- Associations, organizations, forums, and alliances
- Cloud service providers
- Customer experience solution providers
- Government bodies and departments
- Enterprise robotic process automation companies
- Enterprise robotic process automation providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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