Press release
Global Robotic Process Automation Market by Top Key Players: Automation Anywhere, Nice Systems, Blue Prism, Xerox Corporation, Ipsoft, Uipath, Celaton, Verint Systems, Pegasystems, Redwood Software
Robotic Process Automation Market
Robotic process automation market 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.
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.
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Top Key Players:
Key industry player in RPA market includes biggies such as Automation Anywhere, Nice Systems Ltd., Blue Prism, Xerox Corporation, Ipsoft, Uipath, Celaton Ltd, Verint Systems, Pegasystems, and Redwood Software, that have been adopting growth strategies such as M&As to increase their customer base across the globe.
Market share calculation in this report is not done based on companies covered in it. The calculation of RPA market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Today, new developments are observed across robotic process automation industry with Prodapt Solutions Private Limited, a software firm based in India, introducing Telebots™, a leading robotic process automation schema for digital & communications service providers. Telebots™ provides a fast and reasonable way of handling the issues faced by the service providers while automating the business processes.
Robotic process automation market is forecast to experience escalated growth across various regions, with Europe and Australia contributing prominently towards the business expansion. While the shortage of workforce and a huge presence of manufacturing & logistics companies are predicted to impel Europe robotic process automation market, the mounting demand for support staff to process customer requests across the banking, telecommunications, insurance, and government sectors will spur the growth of Australia RPA industry.
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Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Primary
1.2.2 Secondary
Chapter 2 Executive Summary
2.1 RPA industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Solution trends
2.1.4 Organization size trends
2.1.5 Application trends
2.1.6 Operation trends
2.1.7 Service trends
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.
About Global Market Insights
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