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), Country (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) Industry Trends and Forecast to 2028.
The robotic process automation market is expected to witness market growth at a rate of 31.47% in the forecast period of 2021 to 2028.. Data Bridge Market Research report on robotic process automation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The large acceptance of robotics across the globe is escalating the growth of robotic process automation market.
Robotic process automation is the utilization of software with Artificial Intelligence and Machine Learning capabilities for managing high volumes of tasks and data such as queries, calculations, maintenance of records and transitions among others. The automation refers to a series of programs and codes coupled with commands executed by robots as per the demands of business policies and guidelines.
The integration of cognitive technologies and changing business processes across enterprises acts as one of the major factors driving the growth of robotic process automation market. The increase in the need for automating redundant tasks and rise in inclination towards the robotic process automation owing to various features such as quick implementation, execution, and arrangement of the large volume of data in less time than mechanical procedure along with decreased expense for enterprises accelerate the market growth. The continuous technological advancements to business challenges to meet ever-changing consumer requirements and integration of robotic process automation (RPA) with machine learning for advancing the capabilities of software further influence the market. Additionally, rise in cost of manufacturing, digitization and increase in number of research and development positively affect the robotic process automation market. Furthermore, increase in demand for robotic process automation in the logistics industry and adoption of robotics process automation in the BPO sector extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, 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 in the forecast period of 2021-2028.
This robotic process automation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on robotic process automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Robotic Process Automation Market Scope and Market Size
The robotic process automation market is segmented on the basis of product, operation, type, solution, enterprise size, deployment and industry. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the robotic process automation market is segmented into automated solutions, decision support and management solution, and interaction solution.
- On the basis of operation, the robotic process automation market is segmented into rule based, and knowledge based.
- On the basis of type, the robotic process automation market is segmented into tool based, and service based.
- On the basis of solution, the robotic process automation market is segmented into software, and service.
- On the basis of enterprise size, the robotic process automation market is segmented into large enterprises, and small and medium enterprises.
- On the basis of industry, the robotic process automation market is segmented into BFSI, telecom and IT, travel, hospitality and transportation, retail and consumer goods, manufacturing and logistics, healthcare and pharmaceuticals, and others.
Global Robotic Process Automation Market Country Level Analysis
The robotic process automation market is analyzed and market size, volume information is provided by country, product, operation, type, solution, enterprise size, deployment and industry as referenced above.
The countries covered in the global robotic process automation market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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 Middle East and Africa (MEA).
North America dominates 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 2021 to 2028 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 impacts the current and future trends of the market. Data points like down-stream 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 global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Robotic Process Automation Market Share Analysis
The robotic process automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to robotic process automation market.
The major players covered in the robotic process automation market report are Sutherland Bulgaria, Automation Anywhere Inc., Blue Prism, Pegasystems Inc., Celaton, UiPath, Verint, Redwood Technology B.V., IBM Corporation, NICE Systems Ltd., THOUGHTONOMY, KOFAX INC., Jacada Inc., Kryon Systems, OpenConnect Systems Incorporated, Cicero Inc., Atos SE, Daythree Business Services sdn bhd, IPsoft Inc., softomotive, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Robotic Process Automation Market
Data Bridge Market Research is a leader in consulting and 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 production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis 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.