2021 Robotic Process Automation (RPA) Market is Booming: Who is Making Money, Who is Paying the Price?

The robotic process automation (RPA) market size is projected to reach USD XX Million by 2026, from USD XX Million in 2020 growing at a CAGR of 32.8% during 2021-2026. The research covers the current and historic robotic process automation (RPA) market size and its growth trend with company outline of Key players/manufacturers: UiPath, Automation Anywhere, Blue Prism, NICE, Pegasystems, KOFAX INC., NTT Advanced Technology Corporation, EdgeVerve Systems Limited, FPT software, OnviSource, Inc., and HelpSystems among others.

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This global Robotic Process Automation (RPA) market report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the industry with analysis on vendors, geographical regions, types, and applications. This Robotic Process Automation (RPA) market study estimates the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player. This global Robotic Process Automation (RPA) market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

With the effectual use of technology, innovative applications and expertise, this Robotic Process Automation (RPA) market research report has been generated which successfully manages bulky and complex market data tables. To give clear idea about the current and future marketplace, most up to date market insights and analysis has been offered via this report. Several critical market factors covered in this Robotic Process Automation (RPA) Market report consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. Market research report execution is becoming very central for the businesses to gain success because it offers insights into revenue growth and sustainability initiative.

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A shift in company business operations due to the pandemic-induced work-from-home situation is expected to favor market growth over the forecast period. The market is anticipated to evolve with the integration of cognitive technologies and changing business processes across enterprises. Moreover, the increasing need for automating redundant tasks is expected to drive the market over the forecast period. Automation induces quick implementation, execution, and arrangement of the large volume of data in less time than mechanical procedure with the reduced overhead expense for enterprises.

The role of technology is evolving continuously at a faster pace, aiding in overcoming business challenges to meet ever-changing consumer requirements. The integration of robotic process automation (RPA) with machine learning can help in advancing the capabilities of software bots beyond rule-based processes and allowing task execution similar to human decision-making skills. Moreover, Artificial Intelligence (AI) in RPA can aid in structuring unstructured data, enhance business insights, and improve data integrity. For instance, Automation Anywhere is developing a Discovery Bot that would exhibit the importance of AI systems in automation. The bot solution is expected to help in overcoming the challenges in RPA, such as identifying processes to automate by recording and analyzing keystrokes from worker’s desktops. The AI embedded in RPA bots and its application in enhancing automated processes across enterprises is expected to augment the market growth over the forecast period.

In a highly competitive market, it has become essential to increase the agility of work and deliver enhanced customer experiences. The enterprises across the BFSI, healthcare, IT and Telecom, and other industries are deploying RPA to increase productivity and efficiency while reducing overhead labor costs for repetitive tasks. RPA bots can work across different legacy systems to retrieve information available on the digital platform. For instance, bank users can check their account online and set up automatic bill payment and KYC verification, among other functions, through the use of the internet. These services have reduced manual intervention by assisting in delivering a better customer experience. Thereby, the need to automate repeated tasks across business domains, such as tech support, technology, finance, HR, operation, and procurement, is contributing to the market growth.

The global pandemic disrupted both internal and external business processes. Industries, such as retail, manufacturing, and IT & Telecom, were facing slumped business, whereas healthcare organizations were overwhelmed with the increasing number of Covid-19 cases. This unprecedented event affected back- and front-end office operations leading to long response time, employee burnout, documentation backlog, and supply chain disruptions among others. Thereby implementation of an automation solution was pivotal in optimizing costs, offering faster customer services, and streamlining testing and reporting. Moreover, the pandemic has accelerated the need for a digital workforce across enterprises and open up new avenues for RPA providers to capture the market. Automation is expected to define the work post-pandemic as the organizations are witnessing structural changes with employees working from home. The positive outcome of implementing RPA during a recession-induced by the pandemic is expected to boost its demand post-pandemic and impel the market growth.

Major Classifications are as follows:

Robotic Process Automation (RPA) Market: By  Type

Software
Service

Robotic Process Automation (RPA) Market: By Deployment

Cloud-Based
On-Premises

Robotic Process Automation (RPA) Market: By Industry Vertical

Large Enterprise
Small and Medium Enterprises (SME)

Robotic Process Automation (RPA) Market: By Application

BFSI
Pharma & Healthcare
Retail & Consumer Goods
Information Technology (IT) & Telecom
Communication and Media & Education
Manufacturing
Logistics, and Energy & Utilities
Others

Robotic Process Automation (RPA) Market: By Geography

Europe
Germany
France
United Kingdom
Italy
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Rest of Asia Pacific
North America
U.S.
Canada
South America
Brazil
Argentina
Rest of South America
Rest of the World
Middle East
Africa

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Robotic Process Automation (RPA) Market : Report Chapters

Chapter 01 – Executive Summary

Chapter 02 – Market Overview

Chapter 03 – Key Market Trends

Chapter 04 – Key Success Factors

Chapter 05 – Global Robotic Process Automation (RPA) Market – Pricing Analysis

Chapter 06 – Global Robotic Process Automation (RPA) Market Demand (in Value or Size in US$ Mn) Analysis and Forecast, 2021–2026

Chapter 07 – Market Background

Chapter 08 – Global Robotic Process Automation (RPA) Market Analysis () & Opportunity Assessment , By Product Type

Chapter 09 – Global Robotic Process Automation (RPA) Market Analysis  & Opportunity Assessment , by Distribution Channel

Chapter 10 – Global Robotic Process Automation (RPA) Market Analysis  & Opportunity Assessment , by Region

Chapter 11 – North America Robotic Process Automation (RPA) market Analysis  & Opportunity Assessment

Chapter 12 – Latin America Robotic Process Automation (RPA) Market Analysis  & Opportunity Assessment

Chapter 13 –Europe Robotic Process Automation (RPA) market Analysis  & Opportunity Assessment

Chapter 14 – East Asia Robotic Process Automation (RPA) market Analysis  and Forecast

Chapter 15 – South Asia Robotic Process Automation (RPA) market Analysis  and Forecast

Chapter 16 – Oceania Robotic Process Automation (RPA) market Analysis  and Forecast

Chapter 17 – MEA Robotic Process Automation (RPA) market Analysis  & Opportunity Assessment

Chapter 18 – Market Structure Analysis

Chapter 19 – Competition Analysis

Chapter 20 – Assumptions and Acronyms Used

Chapter 21 – Research Methodology

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