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

Automotive

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

  • Automotive
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

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

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 11,654.32 USD Million
Diagram Market Size (Forecast Year) USD 100,378.12 USD Million
Diagram CAGR %

Major Markets Players

  • UiPath
  • AUTOMATION ANYWHERE
  • Blue Prism Limited
  • KUFAX
  • Pegasystems

Global Robotic Process Automation RPA Software Market, By Product Type (Software Services and Tools) Service (Consulting, Implementing and Training), Deployment (Cloud and On-Premise), Organization (Large Enterprise, Small and Medium Enterprise), Application (BFSI, Retail, Consumer Goods, Pharma, Healthcare, Information Technology and Telecom, Communication Media and Education, Manufacturing, Logistics, Banking, Financial Services, Insurance, Travel, Hospitality, Transportation, Government, Utility, Academics and Others), Process (Automated Solution Decision Support Management Solution and Interaction Solution), Operation (Rule-Based and Knowledge-Based) – Industry Trends and Forecast to 2030.

Robotic Process Automation (RPA) Software Market

Robotic Process Automation RPA Software Market Analysis and Size

The robotic process automation (RPA) software market has been experiencing significant growth in recent years. RPA refers to the use of software robots or digital workers to automate repetitive and rule-based tasks that were previously performed by humans. These software robots can mimic human actions and interact with applications and systems to perform tasks such as data entry, data extraction, and transaction processing. The growth of the RPA software market can be attributed to several factors such as Cost and Time Savings, Increasing Demand for Process Efficiency, Integration with Artificial Intelligence (AI) and Machine Learning (ML), Scalability and Flexibility among others.

Data Bridge Market Research analyses that the global robotic process automation RPA software market which was USD 11,654.32 million in 2022, is expected to reach USD 1,00,378.12 million by 2030, and is expected to undergo a CAGR of 25.50% during the forecast period of 2023 to 2030. “Software Services” dominates the product type segment of the global robotic process automation RPA software market owing to the high demand for the type of products. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Robotic Process Automation RPA Software Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

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

Segments Covered

Product Type (Software Services and Tools) Service (Consulting, Implementing and Training), Deployment (Cloud and On-Premise), Organization (Large Enterprise, Small and Medium Enterprise), Application (BFSI, Retail, Consumer Goods, Pharma, Healthcare, Information Technology and Telecom, Communication Media and Education, Manufacturing, Logistics, Banking, Financial Services, Insurance, Travel, Hospitality, Transportation, Government, Utility, Academics and Others), Process (Automated Solution Decision Support Management Solution and Interaction Solution), Operation (Rule Based and Knowledge Based)

Countries Covered

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 Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

UiPath (Romania), AUTOMATION ANYWHERE (U.S.), Blue Prism Limited (U.K.), KUFAX Inc. (U.S.), Pegasystems (U.S.), NTT Advanced Technology Corporation (Japan), EdgeVerve Systems Limited (India), FPT software (Vietnam), HelpSystems, Redwood Software (U.S.), IPSoft (U.S.), Celaton ltd (U.K.), Atos SE (France), Cognizant Infosys Ltd (U.S.), Xerox Corporation (U.S.), Jacada (Israel), Kryon (Israel), business Vision (U.K.)

Market Opportunities

  • Integration of new technologies with robotic process automation (RPA) software
  • Rise in shift in company business operations because of the pandemic-induced work-from-home
  • Increase in need for automating redundant tasks

Market Definition

Robotics process automation software is an application of technology that configures computer software to capture and interpret various applications for processing transactions to excess data and communicate with other digital systems. Robotic process automation (RPA) software assist in processing a triggering responses, communicating with other digital systems transaction, and manipulating data. The implementation of this software offers benefits such as lower operational risk, reduced cost, better customer experience, and improved efficiency.

Global Robotic Process Automation RPA Software Market Dynamics

Drivers

  • The Shift in Company Business Operations

The rise in shift in company business operations because of the pandemic-induced work-from-home is one of the major factors driving the growth of global robotic process automation (RPA) software market. Also, the integration of cognitive technologies along with change in business processes across enterprises has a positive impact on the market.

  • Need for Automating Redundant Tasks

The increase in need for automating redundant tasks accelerate the market growth. Automation induces execution, arrangement of the large volume of data in less time and quick implementation compared to mechanical procedure and reduces overhead expense for enterprises.

  • Adoption of Advanced technologies

The rise in integration of robotic process automation (RPA) with machine learning to help in advancing the capabilities of software bots further influence the market. Artificial Intelligence (AI) in RPA offers enhanced business insights, and improved data integrity.

Opportunities

  • Increased Adoption of Automation

The growing need for process efficiency and productivity across industries is driving the adoption of automation solutions, including RPA. RPA software allows organizations to automate repetitive and rule-based tasks, reducing human error and improving operational efficiency. As more businesses recognize the benefits of automation, the demand for RPA software is expected to rise.

  • Government Investments on the Automotive Sector

Many governments are adopting smart city initiatives that include robotic process automation RPA software solutions. These initiatives aim to improve urban mobility, reduce pollution, and enhance the quality of life for citizens. Governments may provide funding, grants, or incentives to encourage the implementation of robotic process automation RPA software systems, creating opportunities for solution providers.

Restraints/Challenges

  • Rising Competition in Market

The global robotic process automation RPA software market is highly competitive, with numerous companies offering a wide range of products. This can make it challenging for new entrants or smaller companies to gain market share and establish a strong presence.

  • High Cost Associated with Implementation

The cost of robotic process automation RPA software systems is very high in the market. Automotive systems and payers face cost pressures, and there is a growing demand for cost-effective solutions. Manufacturers need to balance the development of innovative implants with affordability to meet market demands.

This global robotic process automation RPA software 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 the global robotic process automation RPA software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In January 2020, Blue Prism RPA and Nexis Diligence joined hands. The partnership aims at improving the efficiency and effectiveness of their entity owing to the diligence process with intelligent automation capabilities

Global Robotic Process Automation RPA Software Market Scope

The global robotic process automation RPA software market is segmented on the basis of product type, service, deployment, organization, process, operation and application. 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.

Product Type

  • Software Services
  • Tools

Service

  • Consulting
  • Implementing
  • Training

Deployment

  • Cloud
  • On-Premise

Organization

  • Large Enterprise
  • Small and Medium Enterprise

Process

  • Automated Solution Decision Support
  • Management Solution
  • Interaction Solution

Operation

  • Rule Based
  • Knowledge Based

Application

  • BFSI
  • Retail
  • Consumer Goods
  • Pharma and Healthcare
  • Information Technology and Telecom
  • Communication and Media Education
  • Manufacturing
  • Logistics
  • Utilities
  • Banking and Financial Services
  • Insurance
  • Travel
  • Hospitality
  • Transportation
  • Government
  • Academics
  • Others

Global Robotic Process Automation RPA Software Market Regional Analysis/Insights

The global robotic process automation RPA software market is analyzed and market size insights and trends are provided by country, product type, service, deployment, organization, process, operation, and application as referenced above.

The countries covered in the global robotic process automation RPA software 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 Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the global robotic process automation RPA software market because of the strong base of automotive facilities, strong presence of major players in the market.

Asia-Pacific is expected to witness significant growth in the global robotic process automation RPA software market during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in automotive facilities, growing research activities in the region, availability of massive untapped markets, large population pool.

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 Global Robotic Process Automation RPA Software Market Share Analysis

The global robotic process automation RPA software 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, global presence, production sites and facilities, production capacities, 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 global robotic process automation RPA software market.

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

  • UiPath (Romania)
  • AUTOMATION ANYWHERE (U.S.)
  • Blue Prism Limited (U.K.)
  • KUFAX Inc. (U.S.)
  • Pegasystems (U.S.)
  • NTT Advanced Technology Corporation (Japan)
  • EdgeVerve Systems Limited (India)
  • FPT software (Vietnam)
  • HelpSystems, Redwood Software (U.S.)
  • IPSoft (U.S.)
  • Celaton ltd (U.K.)
  • Atos SE (France)
  • Cognizant Infosys Ltd (U.S.)
  • Xerox Corporation (U.S.)
  • Jacada (Israel)
  • Kryon (Israel)
  • Business Vision (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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FREQUENTLY ASK QUESTIONS

The Robotic Process Automation RPA Software Market will be worth USD 1,00,378.12 million by 2030.
The Robotic Process Automation RPA Software Market growth rate is 25.50% during the forecast period.
The Shift in Company Business Operations, Need for Automating Redundant Tasks & Adoption of Advanced technologies are the growth drivers of the Robotic Process Automation RPA Software Market.
The product type, service, deployment, organization, process, operation and application are the factors on which the Robotic Process Automation RPA Software Market research is based.
Blue Prism RPA and Nexis Diligence joined hands & partnership aims at improving the efficiency and effectiveness of their entity owing to the diligence process with intelligent automation capabilities are the latest developments in the Robotic Process Automation RPA Software Market.
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