Report Overview:
Robotic process automation (or RPA) is an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers. The global robotic process automation (RPA) market size is expected to reach USD 3.97 billion by 2025, expanding at a CAGR of 31.1% over the forecast period. Business process Automation via Artificial Intelligence is a trend increasing in demand and is anticipated to be the key market growth driver. Improving core business with RPA enables an organization to streamline IT and business operations.
Increasing demand for process automation, healthcare automation, rise in the adoption of robotic technology, industrial robots etc. are driving a positive market growth. However, the growth of the market is also negatively impacted by frequent changes in business rules & operating procedures, lack of required support & skilled resources and infrastructure shortcomings.
Drivers and Barriers
Along with offering an understanding of the critical dynamics shaping the Robotic Process Automation (RPA) market, the report also takes note of several volume trends, the pricing history, along with the market value. A variety of potential growth boosters, barriers, and opportunities are considered, so the reader gets an acute knowledge of the total market.
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Regional Description
The Robotic Process Automation (RPA) market is analyzed on a global level as well as on a regional basis. The geographical distribution of the market focuses on Europe, Middle East & Africa, Asia Pacific, North America, and Latin America. These key regions are studied with context to widespread trends, various opportunities along with the outlook that could influence the market in the coming years.
Method of Research
In a bid to provide a thoroughly detailed analysis of the market in the next few years, it is studied backed by different parameters that are part of the Porter’s Five Force Model. Moreover, the data experts utilize SWOT, as per which the report manages to provide explicit details of the Robotic Process Automation (RPA) market. The methodological research of the market helps pinpoint its primary strengths, opportunities, weaknesses, and barriers.
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Top Players
Considering the top players, the report offers a glimpse into the market’s competitive landscape combined with the latest trends gaining momentum within the manufacturing space. The report highlights the numerous significant vendors that contribute towards market growth, who are either renowned or are new in the market.
This report focuses on the global Robotic Process Automation (RPA) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Robotic Process Automation (RPA) development in United States, Europe and China.
The key players covered in this study
NICE Systems
Pegasystems
Automation Anywhere
Blue Prism
Ipsoft
Celaton
Redwood Software
Uipath
Verint System
Xerox
Arago Us
IBM
Thoughtonomy
Market segment by Type, the product can be split into
Automated Solution
Decision Support and Management Solutions
Interaction Solutions
Market segment by Application, split into
Banking, Financial Services and Insurance
Healthcare and Pharmaceuticals
Manufacturing and Logistics
Telecom and IT
Retail and Consumer Goods
Travel, Hospitality, and Transportation
Others
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