Robotic Process Automation (RPA) Market 2018 – 2023 Global Key Leaders: Automation Anywhere, Pegasystems, Redwood Software, Nice Systems Ltd, Xerox Corporation

Market Highlights:
Robotic Process Automation is a capability (software and service) which facilitates transacting ability in IT application or website. Robotic Process Automation is achieved by configuring and programming a software or a robot to process transactions and communicate with other digital systems.

Robotic Process Automation is software based automation which can perform tasks like maintenance of records, answering queries, perform calculations and transactions. Robotic Process Automation enables automation of more and more complex business processes. Moreover, any application which is used in the organization can be operated using Robotic Process Automation. Many companies which provide Robotic Process Automation support technologies like HTML, .NET, Java and Citrix. Robotic Process Automation is emerging in the field of finance and accounting. Robotic Process Automation allows the companies to automate processes, enhancing the quality and removing the redundant processes involved in the delivery of the product.

The idea behind reconstituting the interactions between humans and machines is the major driving factor for Robotic Process Automation to create a better digital economy.

Robotic Process Automation faces many challenges in the real world such as issues with process analysis, maintenance of the process automation, issues with infrastructure and post implementation issues. Cost is another factor which will hinder the growth of Robotic Process Automation market as many small and medium enterprises may not be able to invest in the process automation infrastructure. The implementation of Robotic Process Automation also demands continuous monitoring of the process automation, training the employees, developing innovative robotic solution designs and carry out development tests.

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Major Key Players:
• Automation Anywhere (U.S.)
• Ipsoft (U.S.)
• Pegasystems (U.S.)
• Redwood Software (U.S.)
• Uipath (Romania)
• Verint (U.S.)
• Blue Prism (U.K.)
• Celaton Ltd (U.K.)
• Nice Systems Ltd. (Israel)
• Xerox Corporation (U.S.)

According to MRFR, The Robotic Process Automation Market is expected to grow at approximately USD 2,700 Million by 2023, at 29% of CAGR between 2017 and 2023.

Industry News
May 18, Blue Prism collaborates with identities to offer BFSI streamlined financial transactions.

Blue Prism, a pioneer in robotic process automation software, announced its partnership with identities, a leader in blockchain software solutions to help banks and financial institutions to securely digitize and automate payment and trade transaction processes, providing a detailed audit trial to facilitate the detection of fraudulent activities. Blue Prism’s Digital Workforce tool will help businesses to automate complex work processes.

May 18, Accenture launches Robotic Process Automation Centre of Excellence with Automation Anywhere in Netherlands.

Automation Anywhere, largest enterprise software provider in robotic process automation with the help of Accenture has developed a robotic process automation center in Heerlen, Netherlands. The delivery center will facilitate end-to-end RPA solutions to Accenture clients in this region.

March 18, Blue Prism and Fujitsu announce global partnership to deliver Enterprise Robotic Process Automation.

Blue Prism, a pioneer in robotic process automation software, and Fujitsu a leading provider of IT products and solutions announced to work together combining Fujitsu’s AI with Blue Prism RPA software to create a framework for enterprise clients across various industries in Europe, North America and Japan.

Regional Analysis:
The regional analysis of Robotic Process Automation market is studied for North America, Europe, Asia Pacific and Rest of the World. Since a large number of autonomous vehicles market firms are based in North America, it is one of the leading player in Robotic Process Automation market. Moreover, countries like U.S. and Canada have adopted robots and artificial intelligence technology in various industry segments, North America will dominate the Robotic Process Automation market. Hence, the key players in the market are constantly innovating and investing in research and development activities in order to create cost-effective product portfolio.

With rapid advancements in digitization and information technology in countries like China, India and Japan; the Asia Pacific region is expected to grow at highest CAGR in robotic process automation market.

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Intended Audience:
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• IT Solution Providers
• Supply Chain & Logistics Organizations
• Original Equipment Manufacturers
• Healthcare & Pharmaceutical Industry

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This release was published on openPR.