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Global Robotic Process Automation Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Aug 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Robotic Process Automation Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 31.5% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 2334.55 Million
Diagram Market Size (Forecast Year) USD 20432.82 Million
Diagram CAGR 31.5%

Global Robotic Process Automation Market, By Process (Automated Solutions, Decision Support and Management Solution, Interaction Solution), Operation (Rule Based, Knowledge Based), Type (Tool Based, Service Based), Solution (Software, Service), Enterprise Size (Large Enterprises, Small and Medium Enterprises), Deployment (On-Premise, Cloud), Industry (BFSI, Telecom and IT, Travel, Hospitality and Transportation, Retail and Consumer Goods, Manufacturing and Logistics, Healthcare and Pharmaceuticals, Others) - Industry Trends and Forecast to 2030.

Robotic Process Automation Market

Robotic Process Automation Market Analysis and Size

In recent times, robotic process automation (RPA) has evolved beyond simple task automation to include artificial intelligence (AI) and machine learning capabilities. Intelligent process automation (IPA) combines RPA with cognitive technologies, enabling the automation of more complex processes that involve decision-making and data analysis. Moreover, cloud computing has gained significant popularity. Cloud-based RPA offers various benefits such as scalability, flexibility, ease of deployment, and cost-effectiveness. It allows organizations to access RPA capabilities without the need for extensive infrastructure investment. These factors are aiding the demand for LiFi technology and its market.

Data Bridge Market Research analyses that the global robotic process automation market which was USD 2,334.55 million in 2022, would rocket up to USD 20,432.82 million by 2030, and is expected to undergo a CAGR of 31.50% during the forecast period. “Large enterprises” is expected to dominate enterprise size segment in global robotic process automation market as process automation solutions are gaining immense traction among large enterprises as these solution help minimize human errors and improve efficiency of the organization. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Robotic Process Automation Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customisable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Process (Automated Solutions, Decision Support and Management Solution, Interaction Solution), Operation (Rule Based, Knowledge Based), Type (Tool Based, Service Based), Solution (Software, Service), Enterprise Size (Large Enterprises, Small and Medium Enterprises), Deployment (On-Premise, Cloud), Industry (BFSI, Telecom and IT, Travel, Hospitality and Transportation, Retail and Consumer Goods, Manufacturing and Logistics, Healthcare and Pharmaceuticals, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

Sutherland Bulgaria (Bulgaria), Automation Anywhere Inc. (U.S.), Blue Prism (U.K.), Pegasystems Inc. (U.S.), Celaton (U.K.), UiPath (U.S.), Verint (U.S.), Redwood Technology B.V. (Netherlands), IBM Corporation (U.S.), NICE Systems Ltd. (Israel), THOUGHTONOMY (U.K.), KOFAX INC. (U.S.), Jacada Inc. (U.S.), Kryon Systems (Israel), OpenConnect Systems Incorporated (U.S.), Cicero Inc. (U.S.), Atos SE (France), Daythree Business Services sdn bhd (Malaysia), IPsoft Inc. (U.S.), Softomotive (U.K.)

Market Opportunities

  • Growth in cloud-based RPAs
  • Growing importance on process discovery and mining

Market Definition

Robotic process automation technology is typically used to streamline business operations, increase efficiency, and reduce human error. It can be applied to various industries and sectors, including finance, healthcare, customer service, logistics, and more. RPA bots can be programmed to interact with different software applications, databases, websites, and systems, often using user interfaces like humans do, without the need for complex integrations. Robotic process automation (RPA) refers to the use of software robots or "bots" to automate repetitive, rule-based tasks or processes within an organization. These bots are designed to mimic human interactions with computer systems and perform tasks such as data entry, data manipulation, form filling, report generation, and other routine activities.

Global Robotic Process Automation Market Dynamics

Drivers

  • Increasing efficiency and productivity of the organizations

RPA aims to automate repetitive and rule-based tasks, which were traditionally performed by humans. By utilizing software robots, organizations can achieve higher efficiency and productivity levels. RPA solutions can work for long without breaks, resulting in faster task completion and increased throughput thereby increasing efficiency. This allows human employees to focus on more strategic and value-added activities, leading to overall productivity gains.

  • Integration of cognitive technologies

The integration of cognitive technologies is another significant factor that shapes the definition of robotic process automation (RPA) and impacts the way businesses operate. Cognitive technologies, such as artificial intelligence (AI), natural language processing (NLP), and machine learning (ML), enhance the capabilities of RPA systems.

.Opportunity

  • Growth in cloud-based RPAs

Cloud computing has gained significant popularity, and RPA is no exception. Cloud-based RPA offers benefits such as scalability, flexibility, ease of deployment, and cost-effectiveness. It allows organizations to access RPA capabilities without the need for extensive infrastructure investment..

Restraints/Challenges

  • Security Risk

However, data insecurity risk hindering the implementation affecting financial sector and limited potential for robotic process automation in knowledge-based business processes are expected to obstruct the market growth. Lack of awareness regarding robotic process automation is projected to challenge the robotic process automation market

Recent Development

  • In February 2023, Kofax Limited announced in troduction of a contemporary automation software a policy for Intelligent Automation. The elements included Total Agility 7.11 and enhanced intelligent document processing, contemporary low code design features, and enhanced DevSecOps capabilities.

Global Robotic Process Automation Market Scope

The global robotic process automation market is segmented on the basis of process, operation, type, solution, enterprise size, deployment and industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Process

  • Automated Solutions
  • Decision Support and Management Solution
  • Interaction Solution

Operation

  • Rule Based
  • Knowledge Based

Type

  • Tool Based
  • Service Based

Solution

  • Software
  • Service

Enterprise Size

  • Large Enterprises
  • Small and Medium Enterprises

Deployment

  • On-Premise
  • Cloud

Industry

  • BFSI
  • Telecom and IT
  • Travel
  • Hospitality and Transportation
  • Retail and Consumer Goods
  • Manufacturing and Logistics
  • Healthcare and Pharmaceuticals
  • Others

Global Robotic Process Automation Market Regional Analysis/Insights

The global Robotic Process Automationmarket is analysed and market size insights and trends are provided by country, process, operation, type, solution, enterprise size, deployment, and industry as referenced above.

The countries covered in the global robotic process automation market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.  

North America is expected to dominate the robotic process automation market because of the high penetration rate of process management and automation solutions among enterprises and government agencies within the region.

Asia-Pacific is expected to witness the highest CAGR during the forecast period of 2023 to 2030 because of the adoption across the pharma, healthcare, IT and Telecom, retail, and manufacturing industries in the region.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Robotic Process Automation Market Share Analysis

The global robotic process automation market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global robotic process automation market.

Some of the major players operating in the global robotic process automation market are:

  • Sutherland Bulgaria (Bulgaria)
  • Automation Anywhere Inc. (U.S.)
  • Blue Prism (U.K.)
  • Pegasystems Inc. (U.S.)
  • Celaton (U.K.)
  • UiPath (U.S.)
  • Verint (U.S.)
  • Redwood Technology B.V. (Netherlands)
  • IBM Corporation (U.S.)
  • NICE Systems Ltd. (Israel)
  • THOUGHTONOMY (U.K.)
  • KOFAX INC. (U.S.)
  • Jacada Inc. (U.S.)
  • Kryon Systems (Israel)
  • OpenConnect Systems Incorporated (U.S.)
  • Cicero Inc. (U.S.)
  • Atos SE (France)
  • Daythree Business Services sdn bhd (Malaysia)
  • IPsoft Inc. (U.S.)
  • Softomotive (U.K.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The robotic process automation market will be USD 20,432.82 million by 2030.
The robotic process automation market growth rate is 31.50% by 2030.
Process, operation, type, solution, enterprise size, deployment, and industry are the factors on which the Robotic Process Automation market research is based.
Increasing efficiency and productivity of the organizations & Integration of cognitive technologies are the growth drivers of the robotic process automation market.
Kofax Limited announced the production of a contemporary automation software policy for Intelligent Automation is the latest development in the robotic process automation market.
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