Press release
What's driving the Robotic Process Automation Market trends? Automation Anywhere, Blue Prism, Celaton, Epiance Software Pvt. Ltd, IBM, Kryon, Redwood Software, UiPath, Xerox
Robotic Process Automation Market
Robotic process automation market is forecast to experience escalated growth across various regions, with Europe and Australia contributing prominently towards the business expansion. While the shortage of workforce and a huge presence of manufacturing & logistics companies are predicted to impel Europe robotic process automation industry, the mounting demand for support staff to process customer requests across the banking, telecommunications, insurance, and government sectors will spur the growth of Australia RPA industry.
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Top competitors of Robotic Process Automation Market
1. Blue Prism Ltd.
2. Celaton Ltd.
3. Epiance Software
4. IBM Corporation
5. IpsoftInc.
6. KryonSystems
7. Nice System Ltd.
8. Pegasystem Inc.
9. Redwood Software Inc.
10. Uipath
11. Xerox Corporation
The emergence of digital technologies such as artificial intelligence (AI), natural language processing (NLP), and machine learning have also apparently been adding significant value to robotic process automation industry. Recently, HCL Technologies, one of the big names in the software space, launched two AI powered services, namely, DRYiCE TAO and DRYiCE COPA to provide strategic consulting services and a process transformation platform to enterprises. Through the DRYiCE COPA, HCL has paved the way for delivering next-generation products to consumers by envisaging a difference in the conventional role of robotic process automation. Many such enterprises have been looking out for AI-based products to rebuild their systems, which is slated to boost robotic process automation market share over the years ahead.
Another major factor that may generate lucrative opportunities for companies in robotic process automation market is that numerous clients from the telecom, banking, chemical, food processing, agriculture, and manufacturing sectors have been earnestly seeking RPA services. The deployment of RPA technology helps to improve operational functionality by enhancing the accuracy of work quality, and speed, which may spur RPA industry ahead. Speaking of companies, the competitive spectrum of RPA market includes biggies such as Automation Anywhere, Nice Systems Ltd., Blue Prism, Xerox Corporation, Ipsoft, Uipath, Celaton Ltd, Verint Systems, Pegasystems, and Redwood Software, that have been adopting growth strategies such as M&As to increase their customer base across the globe.
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