Global Robotic Process Automation Market Outlook

The global robotic process automation market stood at a value of around USD 2.23 billion in 2020. The market is further expected lớn grow at a CAGR of 36.40% in the forecast period of 2023-2028 to attain a value of nearly USD 14.32 billion by 2026.

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On-Premise Deployment Segment lớn Strengthen the Global Robotic Process Automation Industry

Based on deployment model, the on-premise segment is expected lớn hold a significant mô tả in the global robotic process automation industry owing to lớn its in-house ownership properties. In addition, the on-premise deployment of the RPA function helps maintain the security of the company"s internal data while also ensuring the regulation of the automation process according to the company policies & protocols. In terms of industry vertical, the BFSI sector is estimated khổng lồ witness a significant growth in the forecast period due to the rapid implementation of technological innovations và artificial intelligence solutions for routine tasks pertaining to data management, among others.

North America to trương mục for a Significant Market cốt truyện of the Global Robotic Process Automation Industry

Based on region, North America is predicted to hold a substantial tóm tắt of the global robotic process automation industry. This surge can be attributed to lớn the rapid adoption of automated solutions in various large & SMEs based in the region due lớn increased government initiatives for the implementation of RPA in multiple industries. Meanwhile, the Asia Pacific is expected lớn observe a steady growth rate in the forecast period owing to the rapid employment of RPA software tools in industries such as IT và telecom & retail.

Robotic Process Automation: Market Segmentation

Robotic process automation refers khổng lồ the software mechanism that helps automate business processes, which are otherwise conducted manually. Users can create bots through this software tool, who learn rules concerning various business operations và emulate human actions in performing processes such as data entry & solving basic customer queries, such as chatbots available on multiple websites. These software tools help in reducing human effort in conducting repetitive and low-value tasks & allows users lớn focus on more practical, creative, và decision-making exercises.

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By component, the market is divided into:

SoftwareService

Based on deployment model, the industry can be branched into:

On-PremiseCloud

In terms of organisation size, the market can be segregated into:

Large EnterprisesSmall & Medium- Sized Enterprises

Based on industry vertical, the market can be categorised into:

BFSIManufacturingHealthcareIT và TelecommunicationsRetailOthers

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, và the Middle East and Africa.

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Increased Demand for Automation of Routine Business Operations lớn Bolster the Global Robotic Process Automation Industry

In today’s increasingly competitive environment, organisations must be highly agile và dynamic in their work while also upholding the integrity & efficiency of their services in order to remain relevant. In this pursuit, robotic process automation is an incredibly sought-after software tool by organisations from various industry verticals such as transportation & logistics và healthcare, among others, looking to increase their work efficiency và reduce time utilised in monotonous tasks. Other benefits associated with RPA include reduced operational risk, improved data processing, accuracy in data outputs, reduced costs, và enhanced consumer experience. These factors are driving the market growth for robotic process automation globally.

In March 2021, Google announced a strategic alliance established between Google cloud & Automation 360, a sản phẩm of Automation Anywhere, a leading RPA vendor. This alliance is aimed at promoting the implementation of intelligent automation services among organisations globally. Such collaborations by technology companies are expected khổng lồ aid the market growth in the forecast period.

Key Industry Players in the Global Robotic Process Automation Market

The report gives a detailed analysis of the following key players in the global robotic process automation market, covering their competitive landscape, capacity, and latest developments lượt thích mergers, acquisitions, & investments, expansions of capacity, & plant turnarounds:

Automation Anywhere Inc.Blue Prism LimitedEdgeVerve Systems LimitedIBM CorporationPegasystems Inc.Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter"s five forces model and SWOT analysis.

REPORT FEATURESDETAILS

Base Year	2022
Historical Period	2018-2022
Forecast Period	2023-2028
Scope of the Report	Historical & Forecast Trends, Industry Drivers & Constraints, Historical & Forecast Market Analysis by Segment-Component, Deployment Model, Organization Size, Industry Vertical, Region
Breakup byComponent	Software, Service
Breakup byDeployment Model	On-Premise, Cloud
Breakup byOrganization Size	Large Enterprises, Small và Medium-Sized Enterprises
Breakup byIndustry Vertical	BFSI, Manufacturing, Healthcare, IT and Telecommunications, Retail, Others
Breakup by Region	North America, Europe, Asia Pacific, Latin America, Middle East và Africa
Market Dynamics	SWOT, Porter"s Five Forces, Key Indicators for Price and Demand
Competitive Landscape	Market Structure, Company Profiles- Company Overview, product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered	Automation Anywhere, Inc., blue Prism Limited, EdgeVerve Systems Limited, IBM Corporation, Pegasystems Inc., Others
Report Price & Purchase Option	Explore our purchase options that are best suited lớn your resources and industry needs.
Delivery Format	Delivered as an attached PDF & Excel through email, with an option of receiving an editable PPT, according khổng lồ the purchase option.