Press release
Robotic Process Automation Market Rise at Moderate CAGR of 55.5% CAGR Through 2025 | Top Leading Players are WorkFusion, Automation Anywhere, Softomotive, Pegasystems, Redwood Software and Kryon Systems
The Robotic Process Automation Market report focuses on an in-depth segmentation of this market based on components, services, and verticals. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By verticals segment telecommunication and BFSI accounted for the largest share of the RPA market in 2017; whereas, Asia Pacific region is expected to grow at the highest CAGR during the forecast period.Leading of Robotic Process Automation Market Players:
1. Blue Prism Group Plc.
2. WorkFusion
3. UiPath
4. Thoughtonomy Ltd.
5. NICE Ltd.
6. Automation Anywhere Inc.
7. Softomotive
8. Pegasystems Inc.
9. Redwood Software
10. Kryon Systems
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RPA software is particularly useful for organizations that have many different, complicated systems that are required to interact together effortlessly. Global Robotic Process Automation Market is expected to grow from US$ 198.4 million in 2017 to US$ 6869.6 million by 2025 at a CAGR of 55.5% between 2018 and 2025.
RPA is a technology where robots are the software tools that automate business process delivery. This software facilitates improvised data security, business efficiency, and effectiveness by impersonating human activities and automating routine processes across varied business functions without hampering the on-going system and infrastructure.
RPA software comprises of a variety of components and tools for capturing digital data, which further includes digital image recognition, screen scraping. It might also consider a potential to be linked or attain an access to the server or a website. In addition, this software also uses some of the functions that are similar business process management tools like rule engine.
The report aims to provide an overview of global Robotic Process Automation Market with detailed market segmentation. Also, it analyzes the current RPA market scenario and forecasts the market until 2025. The report covers market dynamics affecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provides PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
North America is one of the prominent regions in Robotic Process Automation Market which will contribute the highest revenue globally due to technological developments and considerable application of RPA in different business functions. Rapidly growing economies in Asia-Pacific (APAC) with significant growth construction sector will pave the path for increasing adoption and propel the market for Robotic Process Automation Market. The APAC region is expected to lead the market with highest CAGR during the forecast period.
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Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Robotic Process Automation
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Robotic Process Automation, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Table of Content:
1. INTRODUCTION 13
1.1 SCOPE OF THE STUDY 13
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 13
2. KEY TAKEAWAYS 14
3. RPA MARKET LANDSCAPE 16
3.1 MARKET OVERVIEW 16
3.2 MARKET SEGMENTATION 17
3.2.1 RPA Market – By Component 18
3.2.2 RPA Market – By Services 18
3.2.3 RPA Market – By Vertical 19
3.2.4 RPA Market – By Geography 19
3.3 PEST ANALYSIS 20
3.3.1 North America PEST Analysis 20
3.3.2 Europe PEST Analysis 22
3.3.3 Asia Pacific PEST Analysis 24
3.3.4 Middle East & Africa PEST Analysis 26
3.3.5 South America PEST Analysis 28
4. RPA MARKET – KEY INDUSTRY DYNAMICS 30
4.1 DRIVERS 30
4.1.1 Increased opportunities arising at the early stage within the BPO & shared services 30
4.1.2 Cost benefits offered by RPA is a key factor attracting the buyers in the market 30
4.1.3 Product innovation by the technology providers is driving great interest from the myriad end-user industries 31
4.2 RESTRAINT 31
4.2.1 Frequent alterations in operating procedures and business rules impacting the RPA efficiency 31
4.2.2 Lack of impactful potential for SMBs (Small and Medium Businesses) 31
4.3 OPPORTUNITY 32
4.3.1 Cognitive RPA is anticipated to generate noteworthy growth opportunities in the coming years 32
4.4 FUTURE TRENDS 32
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 33
5. RPA MARKET – GLOBAL MARKET ANALYSIS 34
5.1.1 Robotic Process Automation Global Market Overview 34
5.1.2 RPA - Global Market and Forecast Analysis 34
6. RPA MARKET ANALYSIS – BY COMPONENTS 36
6.1 OVERVIEW 36
6.2 COMPONENTS MARKET FORECAST AND ANALYSIS 36
6.3 SOFTWARE MARKET 37
6.3.1 Overview 37
6.3.2 Software Market forecast and analysis 37
6.4 SERVICE MARKET 38
6.4.1 Overview 38
6.4.2 Service market forecast and analysis 38
6.4.3 Training Services 39
6.4.3.1 Overview 39
6.4.3.2 Training Services Market Forecast & Analysis 39
6.4.4 Professional Services 40
6.4.4.1 Overview 40
6.4.4.2 Professional Services Market Forecast & Analysis 40
6.4.4.2.1 Consulting Services Market Forecast & Analysis 41
6.4.4.2.2 Integration & Development Services Market Forecast & Analysis 42
6.4.4.2.3 Support & Maintenance Services Market Forecast & Analysis 43
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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