Global Robotic Process Automation Market - Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Reports
  • Aug 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

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), Industry (BFSI, Telecom and IT, Travel, Hospitality and Transportation, Retail and Consumer Goods, Manufacturing and Logistics, Healthcare and Pharmaceuticals, Others), Deployment (On-Premise, Cloud), Solution (Software, Service), Enterprise Size (Large Enterprises, Small and Medium Enterprises), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026

Market Analysis: Global Robotic Process Automation Market

Global robotic process automation market is set to witness a healthy CAGR of 29.30% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed due to rising popularity and attractiveness of enterprise resource planning which is driving the needs of the business to move towards the automations. Robotic process automation provides good accuracy, improved cycle time and increased productivity in transaction and data processing which drives the market.

Market Definition: Global Robotic Process Automation Market

Robotic process automation refers to the use of software with Artificial Intelligence and Machine Learning capabilities that can manage high volumes of tasks and data. These can be queries, calculations, maintenance of records and transitions. It is a series of programs and codes along with commands which are executed by robots as per the demands of business policies and guidelines. Robotic automation interacts with the existing IT architecture with no complex system integration required. The main aim of these automations is replace the boring and repeatedly task being performed by humans.

Market Drivers:

  • The ease in business process with the installation of robotic process automation is driving the growth of the market
  • The consolidation of RPA with traditional business processes is booting the growth of the market
  • The high adoption of AI and cloud based solutions for internal efficiency among SME’s is contributing the growth of the business
  • The increasing focus on automation in BPO industry is driving the growth of the market
  • The increase in the demand for the processing of high volume data and transaction functions is propelling the growth of the market

Market Restraints:

  • The less potential for RPA in knowledge based business process is hampering the growth of the market
  • The data insecurity risk affects the implementation of RPA in financial sector which in turn  hinders the growth of the market

Segmentation: Global Robotic Process Automation Market

By Process

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

By Operation

 

  • Rule Based
  • Knowledge Based

By Type

  • Tool Based

    • Model-Based Application Tools
    • Process-Based Application Tools

  • Service Based

    • Consulting
    • Integration and Development
    • Training

By Industry

  • Banking, Financial Services and Insurance
  • Telecom and IT Industry
  • Travel, Hospitality and Transportation Industry
  • Retail and Consumer Goods
  • Manufacturing and Logistics Industry
  • Healthcare and Pharmaceutical Industry
  • Other Industries

By Deployment

  • On-Premises
  • Cloud

By Solution

  • Software
  • Service

By Enterprise Size

 

  • Large Enterprises
  • Small and Medium Enterprises

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Turkey
    • Switzerland
    • Belgium
    • Netherlands
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In October 2016, Automation Anywhere Inc., announced the launch of new  robotic process automation analytics solution Bot Insight that enables the users  to visualize and access the complex data and can provide with the real time actionable  business intelligence and operational insights on bot performance
  • In February 2016, NIIT Technologies has adopted intelligent automation by partnering with UiPath to drive greater business benefits for their clients globally. With the help of robotic process automation, NIIT Technologies can deliver end to end solutions to their customers

Competitive Analysis

Global robotic process automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of customer of robotic process automation market for Global, Europe, North America, Asia Pacific and South America, Middle East and Africa

Major Market Competitors/Players

Few of the major competitors currently working in the global robotic process automation market 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 others.

Research Methodology: Global Robotic Process Automation Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted 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 can drop down your enquiry.

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. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved


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