Press release
Global Robotic Process Automation Market By Size, Share, Technology, Key Players - Industry Expected to Reach US$ 7,324.9 Million by 2024
Robotic Process Automation Industry Analysis by Size, Share, And Technological Innovations
Operational Excellence in the Middle-East is driving the global robotic process automation market.
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One of the foremost driver due to which the Global Robotic Process Automation Market is gaining traction is considered to be its success in increasing operational excellence in the rapidly developing Middle-East and North Africa (MENA). The regions in line with the global trend have rapidly opened up to embark on the RPA transformation wave. Although in its nascent stage, Robotics process automation has already created significant traction in the GCC region, due to high interest shown by the Middle-East CXOs.
Also, the companies in these regions, allowing software bots handle mundane and low value tasks, employers are finding it easier to upgrade the skill levels of employees there by retaining more local workforce, At present, corporates in the Financial services and Telecom space have started their RPA journey as early adopters. However, entities in other sectors as Oil & Gas, Healthcare, Retail, Real estate, manufacturing and Government sector are expected to join the bandwagon very soon
Robotic Process Automation Market: Scope of the Report
The global Robotic Process Automation market is segmented on the basis of process, Operation, Service, User Size, and Industry. On the basis of process, the market is segmented into Automated Solution, Decision Support & Management, and Interaction Solution. Automated Solution was the largest segment in the global robotic process automation market in 2017, and is estimated to witness the highest growth during 2018-2024. On the Operation basis, the market is segmented into Rule-based and Knowledge based. Rule based segment accounted for the largest segment in the global robotic process automation market in 2017. On the basis of Service, the market is segmented into Professional and Training Support. On the basis of User size, the market is segmented into Large Enterprise and SMEs. On the basis of Industry, the market is segmented into BFSI, Telecom & IT, Retail and Consumer Goods, Manufacturing, Healthcare and Pharmaceuticals, and Others. BFSI was the largest segment in the global robotic process automation market in 2017.
On the basis of region, the market is segmented into five parts namely North America, Europe, Asia Pacific, Middle-East, Africa and Latin America. North America was the largest region in the global robotic process automation market in 2017 and it is estimated to grow over a CAGR of 25% during 2018-2024.
Robotic Process Automation Market: Competitive Dynamics
Companies, such as Nice Systems Limited, Pegasystems Inc., Automation Anywhere Inc., Blue Prism Limited, Celaton Limited, and Redwood Software Inc.are the key players in manufacturing robotic process automation. In terms of product offerings, Nice Systems Limited and Pegasystems Inc. are the major players in the market.
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Market Segmentation: Global Robotic Process Automation Market
By Process
Automated Solution
Decision Support & Management
Interaction Solution
By Operation
Rule based
Knowledge based
By Service
Professional
Training & Support
By User Size
Large Enterprize
SMEs
By Industry
BFSI
Telecom & IT
Retail and Consumer Goods
Manufacturing
Healthcare and Pharmaceuticals
Others
In addition, the report provides analysis of the robotic process automation market with respect to the following geographic segments:
North America
U.S.
Canada
Europe
Germany
U.K.
Russia
France
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Singapore
Rest of Asia Pacific
LATAM
Brazil
Mexico
Rest of Latin America
MEA
Saudi Africa
UAE
Saudi Arabia
Rest of Middle-East
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