openPR Logo
Press release

ROBOTIC PROCESS AUTOMATION MARKET GROWTH IN FUTURE- COMPREHENSIVE STUDY ON KEY PLAYERS- NICE SYSTEMS LTD., PEGASYSTEMS INC., AUTOMATION ANYWHERE, BLUE PRISM PLC, IPSOFT, INC., CELATON LTD., REDWOOD SOFTWARE, UIPATH SRL, VERINT SYSTEM INC., XEROX CORPORATI

ROBOTIC PROCESS AUTOMATION MARKET

ROBOTIC PROCESS AUTOMATION MARKET

Market Overview

The study reveals that the global RPA market is expected to cross USD7, 000 Million by 2024, with a CAGR over 27% during the forecast period. Due to significant growth in technologies such as artificial intelligence (AI) and cognitive learning, the adoption of business automation technologies by enterprises has also increased. This has led to a rapid increase in demand for virtual workforce to eliminate repetitive human efforts, on the back of which, the global robotic process automation market is gaining traction.

Continuous advancement in AI and cognitive computing escalates the market growth. With growing advancement in Artificial intelligence & cognitive computing, which include machine learning techniques and greater computational power, Robotic process automation is also gaining traction and is anticipated to show a robust growth in the years to come. Earlier AI & RPA were considered as two different technologies, but now they are complimenting each other to process huge volumes of data and providing better decision making for organizations. Cognitive based computing which include adaptive learning, speech recognition and pattern identification algorithm is inherited in robotic process automation to transform business and taking the organization to the next level.

Request for Sample of this Report@ https://bit.ly/2OQ7gwO

Research Summary

According to BlueWeave Consulting, the key findings of the report “Global Robotic Process Automation Market Size, Share, Development, Growth and Demand Forecast to 2024” are:

• As per the findings of the research, ‘Rule based operations’ have been the largest revenue generators in the global robotic process automation market, as compared to ‘Knowledge based operations’. The rule based operation has gained significant interest from all sized enterprises as it enables organizations to configure software robots that effectively automate various annual and highly repetitive tasks. It also helps the organization, saving their time by completing an actual human task within a fraction of second. The market for rule based operations is expected to continue its dominance, during the forecast period, as it can easily be integrated within a business ecosystem without disrupting the traditional or legacy business framework.

• Geographically, North America has been the largest market for robotic process automation, whereas Asia-Pacific is expected to witness the fastest growth among all regions, during the forecast period. The anticipated growth in the market can be attributed to factors such as advancement in new technologies, growing digitalization, growth in automation software industry, and increasing adoption of business process automation solutions by small and medium scale enterprises in the region.

• Further, due to increase in demand for automation in major industry tasks such as business process outsourcing (BPO), outbound sales and other back office work will adopt robotic process automation solutions in the next few years.

Market Dynamics

Global robotic process automation market is anticipated to show double digit growth during forecast period. The market is expected to trend incline towards RPA owing to the reduction in workforce cost coupled with rise in adoption process. The major factor that will drive robotic process automation market further includes surge in demand for virtual workforces along with ease of doing business. However, constant change in automation technology and unavailability of technical workforce may hinder the growth of global RPA market in coming years. Some of the major trends observed in this market are evolution of robust software platforms, overall cost reduction related to workforce and continuous advancement in fields of AI and cognitive computing.

Research Methodology

Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global robotic process automation market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.

Competitive Dynamics

The research states that the global robotic process automation market is highly competitive, with players developing new robotic process automation applications. Some of the key players operating in the robotic process automation ecosystem are Nice Systems Ltd., Pegasystems Inc., Automation Anywhere, Blue Prism PLC, Ipsoft, Inc., Celaton Ltd., Redwood Software, Uipath SRL, Verint System Inc., Xerox Corporation, and IBM Corporation. Most of the major vendors in the global robotic process automation market are actively focused on enhancing their offerings to meet the ongoing demand for advanced business automation solutions. This includes software integrated with artificial intelligence, and cognitive learning.

TABLE OF CONTENTS

Chapter One: Research Objective
Chapter Two: Research Methodology
Chapter Three: Executive summary
Chapter Four: Market Introduction
Chapter Five: Market Size and Forecast by Process
Chapter Six: Market Size and Forecast by Operations
Chapter Seven: Market Size and Forecast by Service
Chapter Eight: Market Size and Forecast by User Size
Chapter Nine: Market Size and Forecast by Industry

List of figures

Figure:1 Global RPA market, BY Process, $M (2014 – 2024)
Figure:2 Global automated solution market, BY region, $M (2014 – 2024)
Figure:3 Global Decision support and management market, BY region, $M (2014 – 2024)
Figure:4 Global Interaction Solution market, BY region, $M (2014 – 2024)
Figure:5 Global RPA market, BY Operation, $M (2014 – 2024)
Figure:6 Global Rule Based RPA market, BY region, $M (2014 – 2024)

List of Tables

Table 1 Global RPA market, BY Process, $M (2014 – 2017)
Table 2 Global RPA market, BY Process, $M (2018 – 2024)
Table 3 Global automated Solution market, BY region, $M (2014 – 2017)
Table 4 Global automated solution market, BY region, $M (2018 – 2024)
Table 5 Global Decision support and management market, BY region, $M (2014 – 2017)
Table 6 Global Decision support and management market, BY region, $M (2018 – 2024)

Browse full Research Report@ https://www.blueweaveconsulting.com/robotic-process-automation/

Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Phone Number: 18666586826

About BlueWeave Consulting & Research Pvt Ltd. (BWC)

BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

GD-69, Sector G, East Kolkata Twp

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ROBOTIC PROCESS AUTOMATION MARKET GROWTH IN FUTURE- COMPREHENSIVE STUDY ON KEY PLAYERS- NICE SYSTEMS LTD., PEGASYSTEMS INC., AUTOMATION ANYWHERE, BLUE PRISM PLC, IPSOFT, INC., CELATON LTD., REDWOOD SOFTWARE, UIPATH SRL, VERINT SYSTEM INC., XEROX CORPORATI here

News-ID: 1355845 • Views:

More Releases from BlueWeave Consulting & Research Pvt Ltd.

United States Enhanced Water Market Size, Share Growth is Projected to Growing a …
The United States enhanced water market is growing at high rate because of the rising health awareness and the need for additional nutritional supplements in the body due to a busy lifestyle.... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the US enhanced water market was worth USD 2,131.0 million in the year 2020. The data yielded by the study reveals that the
Global Electronic Bill Presentment and Payment (EBPP) Market Size & Share is Gro …
Electronic bill presentment and payment (EBPP) market is being driven by factors such as globalization, businesses expanding overseas, and consumers increasingly using plastic money. Market growth is also driven by the use of high-speed internet access on smart phones... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global electronic bill presentment and payment (EBPP) market was worth 18.5 number of bills in
Global Fatty Alcohol Market Size & Share is Predicted to Garner USD 8.4 Billion …
The global fatty alcohol market is growing at a high CAGR because of the increasing demand for bio-based renewable products to promote sustainability and control dependence on non-renewable products such as petrochemicals... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fatty alcohol market was worth USD 5.5 billion in the year 2020. The market is estimated to grow at a CAGR
Global Medical Goggle Market Size, Share & Growth is Projected to Grow at a CAGR …
The global medical goggle market is growing at a high CAGR because of the increasing demand for surgical procedures and prevalence of infectious diseases and stringent regulations regarding the safety of healthcare workers... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global medical goggle market was worth USD 443.4 million in the year 2020. The data generated by the study reveals that

All 5 Releases


More Releases for RPA

RPA Platform Training Market Is Booming Worldwide | UiPath Training, The RPA Aca …
Global RPA Platform Training Market Size, Status and Forecast 2020-2026 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider RPA Platform
RPA Platform Training Market SWOT Analysis by Key Players: UiPath Training, The …
Latest 2020 COVID Edition HTF MI Latest publication of the " Global RPA Platform Training Market Size, Status and Forecast 2019-2025 " examines the market for RPA Platform Training and the various changing dynamics and growth trends. The 100+ page report reviews the growing market for Global RPA Platform Training, market size and estimation till 2026 by key business segments and applications, plus the latest trends, opportunities and challenges. Get an Inside
RPA Platform Training Market Rising Growth With Keyplayer: UiPath Training, The …
A new Profession Intelligence Report released by Stats and Reports with the title Global RPA Platform Training Market "can grow into the most important market in the world that has played an important role in making progressive impacts on the global economy. Global RPA Platform Training Market Report presents a dynamic vision to conclude and research market size, market hope and competitive environment. The study is derived from primary and
Global RPA Platform Training Market 2018 | Major Kay Players – Anexas, Blue Pr …
WiseGuyRerports.com Presents “Global RPA Platform Training Market 2017-2021” New Document to its Studies Database About RPA Platform Training RPA involves the application of software robots that have AI and machine learning abilities. With these features such devices can handle repetitive, high-volume tasks that require manual labor. The concept of RPA allows developers to apply tailored complex automation to companies' processes. The implementation of RPA reduces operational costs and minimizes human errors. Many
Global Survey: RPA Platform Training Market 2017-2021 - Anexas, Blue Prism, Digi …
RPA involves the application of software robots that have AI and machine learning abilities. With these features such devices can handle repetitive, high-volume tasks that require manual labor. The concept of RPA allows developers to apply tailored complex automation to companies' processes. The implementation of RPA reduces operational costs and minimizes human errors. Many service and manufacturing industries use RPA to perform a variety of tasks, which may include the
Global IT Robotic Automation (RPA Tools and RPA Services) Industry Trends and Fo …
Researchmoz added Most up-to-date research on "IT Robotic Automation Market (RPA Tools and RPA Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" to its huge collection of research reports. Robotic automation involves a practice in which a machine or computer software mimics human actions in order to complete rule-based tasks. In context of IT industry, robotic automation is accomplished by using automation software, which utilizes