Robotic Process Automation Market Global Analysis & Forecast by Key Players: Blue Prism, Xerox Corporation, Celaton Ltd, Ipsoft, Pegasystems, Nice Systems Ltd.

Market Overview:-

The inherent demand for automated technology to accurately perform complex tasks to reduce human errors is certain to impel RPA industry trends. Numerous firms have been striving to develop code-free, user friendly, and non-disruptive RPA software to access IT systems through user interface applications. Assigning manual jobs to bots simply implies that the reduction of human intervention in tedious tasks has now become commonplace. Experts have projected that the shift from humans to robots – an automation paradigm – will improve the process efficiency and reduce overall costs, which has been forecast to create profitable roadmap for robotic process automation market.

Robotic process automation industry has been experiencing robust changes since the past decade, given that RPA software is extensively used for business process outsourcing and business process management. In addition, RPA tools have the strong capability to increase business process efficiency without having to implement any fundamental process change. The ability of the RPA software to effectuate smarter processes as compared to conventional IT applications is certain to augment robotics process automation industry size, slated to cross USD 5 billion by 2024.

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Top Key Players:-

The players in the robotic process automation market include Blue Prism, Automation Anywhere, Celaton Ltd, Ipsoft, Pegasystems, Nice Systems Ltd., Redwood Software, Verint, Uipath and Xerox Corporation. Blue Prism. The companies are constantly innovating their offerings to meet the demands of business automation processes. In addition, companies are making huge investments in the technology to gain ROI which will further escalate demand. Mergers and acquisition strategy is being used by the industry participants to increase their presence. Furthermore, the industry participants such as Automation Anywhere are expanding their customer bases to cater to more customers.

Regional Segmentations: -

Australia RPA market is anticipated to witness a significant growth over the forecast timeline owing to the need for customer support and request processing requirements across industries such as the banking, insurance, government, and telecommunications.

The Europe robotic process automation market will witness a surge owing to the presence of manufacturing and logistics firms in the region. The technology may help these industry verticals by operating with fewer number of people or shortage of labor, thereby, cutting on the cost and streamlining the resource allocation.

Partial Chapter of the Table of Content

Chapter 3 RPA Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Technological & innovation landscape
3.4.1 RPA roadmap
3.4.2 Impact of artificial intelligence
3.4.3 U.S.
3.4.4 EU
3.4.5 China
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.1.1 High demand to reduce operational cost across business in the U.S.
3.5.1.2 Emerging demand for RPA across the service sector in Asia Pacific
3.5.1.3 Rising demand across manufacturing and logistics industry in Europe
3.5.1.4 Flourishing IT & support industry in Brazil
3.5.2 Industry pitfalls & challenges
3.5.2.1 Lack of standardization
3.5.2.2 High cost associated with the technology
3.6 Growth potential analysis
3.6.1 Business model
3.7 Porter's analysis
3.7.1 Threat of new entrants
3.7.2 Buyer’s power
3.7.3 Threat of substitutes
3.7.4 Threat of suppliers
3.7.5 Industry rivalry
3.8 Competitive landscape, 2016
3.8.1 Strategy dashboard
3.8.2 Investment landscape
3.9 PESTEL analysis

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The robotic process automation market has been witnessing a vast number of strategic M&As in recent years. These proactive initiatives have profitably leveraged the robotic process automation industry growth, as per experts. Citing an instance, Accenture PLC, an IT service provider, has acquired Genfour Limited, an information management service company and a global leader in the RPA & AI delivery sector, with an aim to consolidate its position in the overall robotic process automation market. Through this deal, Accenture aims to develop and apply machine learning across complicated IT processes to automate them and improve the overall operational effectiveness. The need to automate the IT services through machine learning, big data analytics, and artificial intelligence will thus impel the overall RPA market share in the ensuing years.

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