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Robotic Process Automation in BFSI Market 2020 How the Business Will Grow in 2026? WorkFusion, Inc., UiPath, Thoughtonomy, Softomotive, Kryon Systems, Pegasystems Inc., NICE, Blue Prism, Kofax Inc

03-18-2020 06:45 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

Robotic Process Automation in BFSI Market 2020 How the Business

Market Study Report added new report "Global Robotic Process Automation in BFSI Market Report". The report focuses on global major leading industry players with information such as company profiles, end users/applications, product and specification.

North American region is expected to maintain its dominance over the market for the next eight years. High demand particularly from the U.S. market is a key contributor to this scenario. Presence of highly sophisticated and advanced banking and financial infrastructure in the country, strong presence of industry participants, coupled with high demand for enhanced customer experience are some of the factors driving the market growth in the region. Countries such as China, Japan and South Korea are primarily driving the growth in Asia Pacific region, which is anticipated to witness high growth rate till 2026.

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The global Robotic Process Automation in BFSI market size is expected to reach USD 3,457.8 million by 2026 according to a new study by The marker research report. The report "Robotic Process Automation in BFSI Market Share, Size, Trends, Industry Analysis Report By Type (Software and Services); By Services (Consulting, Implementation, Training); By Organization Size (SME, Large Enterprises); By Application (Banking, Financial Services & Insurance); By Regions, Segments & Forecast, 2019 - 2026" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Banking sector is characterized by the presence of a large number of players thus resulting in a high industrial rivalry. Due to such competitive environment, companies are trying to implement cost effective solutions that may help them to stay ahead of the competition. RPA is one such preferred solution. It automates the otherwise tedious manual operations thus saving precious man hours, results in client satisfaction thus ultimately catering to client loyalty, and provides better quality control through its operating procedures. Such factors have resulted in the overall Robotic Process Automation in BFSI growth in the past and this scenario is expected to continue till 2026.

Robotic Process Automation is used in a variety of applications such as entry of a new account across various platforms and networks, duplicating of accounts and account reconciliation, extraction of forms, VAT reporting, cleansing and updating of account, credit card processing, loan processing among others. These processes are directly related to customer experience and hence, companies are automating these processes through RPA to provide better and enhanced customer experience in order to gain more market share. Such trends are benefitting the Robotic Process Automation in BFSI market growth.

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Some of the major industry participants include WorkFusion, Inc., UiPath, Thoughtonomy, Softomotive, Kryon Systems, Pegasystems Inc., NICE, Blue Prism, Kofax Inc. and Automation Anywhere Inc., among others. Companies are trying to provide one stop solutions to all the needs of their clients and are constantly developing new solutions to cater to the customized needs of the clients.

Table of Content:

Chapter 1. Overview and Scope
Chapter 2. Executive Summary
Chapter 3. RPA in BFSI Market Insights
Chapter 4. RPA in BFSI Market Size and Forecast by Type
Chapter 5. RPA in BFSI Market Size and Forecast by Services
Chapter 6. Global RPA in BFSI market share by Application, 2018 & 2026
Chapter 7. RPA in BFSI Market Size and Forecast by Organization Size
Chapter 8. RPA in BFSI Market Size and Forecast by Regions
Chapter 9. Company Profiles

For More Details on this Report At: https://www.marketstudyreport.com/reports/robotic-process-automation-in-bfsi-market-share-size-trends-industry-analysis-report-by-type-software-and-services-by-services-consulting-implementation-training-by-organization-size-sme-large-enterprises-by-application-banking-financial-services-insurance-by-regions-segment-forecast-2019-2026

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