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.
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.
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.
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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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