Robotic Process Automation (RPA) Market 2018 expected to grow at approximately USD 2,700 Million | Industry Leaders: Automation Anywhere, Nice Systems, Ipsoft, Pegasystems, Redwood Software, Xerox Corporation

Market Highlights:

As artificial intelligence is being increasingly integrated into day to day life and also in various technology forms. Market Research Future which concentrates on market reports linked to the semiconductors and electronics sector amongst others recently made available a report on this sector. The industry for robotic process automation is estimated to develop to revenues worth USD 2,700 Million by the year 2023, while expanding at 29 per cent CAGR between 2017 and 2023.

Adoption of RPA is considered to be one of the biggest trends that is shaping various sectors tremendously in the forecast period. The RPA industry is gaining high levels of growth due to the high levels of efficiency that can be achieved from these systems. The cost effectiveness benefit is also making the sector extremely lucrative to new and existing manufacturers in the sector. Reduced cost benefits is one the main benefits that is attracting investments into this market at a high rate.

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Major Key Players

The prominent players in the robotic process automation market are – Automation Anywhere (U.S.), Blue Prism (U.K.), Celaton Ltd (U.K.), Ipsoft (U.S.), Nice Systems Ltd. (Israel), Pegasystems (U.S.), Redwood Software (U.S.), Uipath (Romania), Verint (U.S.), Xerox Corporation (U.S.), among others. are profiled in Market Research Future analysis and are at the forefront of competition in the Robotic Process Automation market.

Industry News:

PeopleDoc has recently launched their RPA that uses PeopleBots and listen for suitable events to automate. The system has its eyes set on human resourcing where the company believe a hybrid procedure, a blend of RPA and human abilities, can simplify the process of recruiting and basic fault findings.

Blue Prism’s RPA software assists enterprises with a sourcing option that supports humans in increasing their productivity and enhances the experience and in the process achieve optimum results.

Mar 2018 UiPath has recently completed a fresh round of Series B funding successfully following which the Robotics Process Automation company is planning to additionally hire 100 engineers.The fresh endowment of $153 million in funding will allow the company’s product roadmap to get fast-tracked. Additionally, UiPath will also carry on the expansion of its worldwide operations with the setting up of new offices in cities like Houston, Amsterdam, Munich, Seoul, Paris and Washington in this year, along with their India centre. The company, UiPath is regarded to be one of the unique companies in this space and has an estimated value of $1.1 billion.

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.

Competitive Analysis

The businesses in this trade area are combining their resources to attain their vision for achieving a substantial portion of the business as early as possible. This has raised the possibilities for the approaching growth period significantly. The merchandise that are being provided presently differ greatly because of the rationale of the robust pace of technological discoveries. This consequence is productive for companies, so they can aim to uphold their commercial enterprise's liquidity to take the most effective decisions in terms of strategy execution and designing. The profitable situations accessible in this market are being utilized by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector.

Geographical Analysis

The regional analysis of the market for robotic process automation comprises of region such as Asia Pacific, Europe, North America, and Rest of the World. The North American region controls the main share in the robotic process automation sector due to increased growth in the field of technology and existence of developed countries in the region. The Europe region is one of the noteworthy players in the industry for robotic process automation. The countries like Germany, U.K. and Italy are the main suppliers in the market’s development owing to the rich automotive and manufacturing industry. The Asia-Pacific region is estimated to grow as the most rapidly growing sector through the forecast period. The development of the Asian nations and need for consumer electronic products is driving the makers to accept a cost effective skill in the manufacturing procedure.

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Segmentation:

The MRFR analysis is segmented into five key dynamics for the convenience of the report and enhanced understanding;

By Process: Automated Solution, Decision Support & Management Solution and Interaction Solution among others.

By Operations : Spend Analysis, E-Sourcing, E-Procurement, Contract Management and Supplier Management among others.

By Types: Tools, Services and Travel & Logistics

By Industries : BFSI, Healthcare & Pharmaceuticals, Manufacturing & Logistics, IT & Telecommunication, Retail, Travel, Hospitality, and Transportation among others.

By Regions: North America, Europe, APAC and Rest-of-the-World.

The BFSI segment by industries held the largest share of the robotic process automation market, in 2016.

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
LIST OF TABLES

TABLE 1 ROBOTIC PROCESS AUTOMATION MARKET, BY PROCESS

TABLE 2 ROBOTIC PROCESS AUTOMATION MARKET, BY OPERATIONS

TABLE 3 ROBOTIC PROCESS AUTOMATION MARKET, BY TYPE

TABLE 4 ROBOTIC PROCESS AUTOMATION MARKET, BY INDUSTRY

TABLE 5 ROBOTIC PROCESS AUTOMATION MARKET, BY REGION

TABLE 6 NORTH AMERICA ROBOTIC PROCESS AUTOMATION MARKET, BY PROCESS

TABLE 7 NORTH AMERICA ROBOTIC PROCESS AUTOMATION MARKET, BY OPERATIONS

TABLE 8 NORTH AMERICA ROBOTIC PROCESS AUTOMATION MARKET, BY TYPE

TABLE 9 NORTH AMERICA ROBOTIC PROCESS AUTOMATION MARKET, BY INDUSTRY

TABLE 10 U.S. ROBOTIC PROCESS AUTOMATION MARKET, BY PROCESS

TABLE 11 U.S. ROBOTIC PROCESS AUTOMATION MARKET, BY OPERATIONS

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LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 ROBOTIC PROCESS AUTOMATION MARKET: BY PROCESS (%)

FIGURE 3 ROBOTIC PROCESS AUTOMATION MARKET: BY OPERATIONS (%)

FIGURE 4 ROBOTIC PROCESS AUTOMATION MARKET: BY TYPE (%)

FIGURE 5 ROBOTIC PROCESS AUTOMATION MARKET: BY INDUSTRY (%)

FIGURE 6 ROBOTIC PROCESS AUTOMATION MARKET: BY REGION (%)

FIGURE 7 NORTH AMERICA ROBOTIC PROCESS AUTOMATION MARKET, BY PROCESS (%)

FIGURE 8 NORTH AMERICA ROBOTIC PROCESS AUTOMATION MARKET, BY OPERATIONS (%)

FIGURE 9 NORTH AMERICA ROBOTIC PROCESS AUTOMATION MARKET, BY TYPE (%)

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