Enterprise Robotic Process Automation Market – Industry Insights
Enterprise resource planning (ERP) has been successful in building a strong market for itself in the commercial sector. These days, every business owner is using it to garner the best results for their organization. The popularity of ERP software has raised the need for automation which in turn has worked wonders for the global market for enterprise robotic process automation market. Over the forecast period of 2017-2023, the market is expected to gain impressive leads.
Enterprise robotic process automation is a distinct kind of technology. It enables the individuals of a commercial set-up to configure a software or a robot to store and construe the prevailing applications of that particular organization. It has the ability to perform a number of tasks. Some of the major ones are processing a financial transaction, manipulating sensitive data, communicating with other digital systems and triggering a feedback. This software can enhance a company’s overall output and also save them a whole lot of money and time.
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The market is expected to generate a staggering amount in terms of revenue by the end of the forecast period i.e. 2023. The estimated CAGR looks encouraging and supports this fact.
At present majority of the commercial brands are looking for tool and artificial-intelligence based robotic processes. The primary reason for this demand is that it robotic process automation helps in enhancing the business procedures and quickens the overall business process. This is one of the chief factors that effectively contribute towards the growth of the market.
Another aspect that further positively impacts the market happens to be the greater accessibility of an enterprise automated solution. Enterprise robotic process automation is majorly utilized by high-end commercial organizations for deployment of data management. Hence, the easy availability of automated solutions turns out to be favorable for the market.
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.
Market Segments
The worldwide market for enterprise robotic process automation has been segmented into four major parts.
- Operations: Knowledge-based and rule-based.
- Types: Services and tools.
- Industries: BFSI, retail, manufacturers, healthcare &pharmaceuticals and retail. Out of these, the healthcare & pharmaceuticals sub-segment will witness the higher growth rate during the forecast period.
- Process: Interaction solutions, automated solutions, decision support and management solutions. Amongst these, automated solutions held the largest market share back in 2016 and it will continue to do so in the forthcoming years as well.
Comprehensive Regional Analysis
Enterprise robotic process automation market has its reach across various areas of the world. The major regions where this market’s prevalence is observed are North America, Asia Pacific, Europe and Rest of the World.
North America accounts for the largest market share amongst all the other regions. It is because the use of enterprise resource planning (ERP) is widespread in this area. Therefore, the stakeholders of this region are trotting towards automation processes and in turn, the market gets benefitted.
The next major shareholder region-wise happens to be Europe. And the major cause for its lead is the increased demand for convergence of robotic process automation. This area will grow at an encouraging CAGR throughout the forecast period.
Industry News
TOKYO, March 30, 2018 – Fujitsu Limited and Blue Prism Group have just declared that they will be partnering to deliver enterprise robotic process automation to their clients worldwide. This merger seems promising and the industry is expected to secure many returns from it.
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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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