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Future Scope and Predictions for Robotic Process Automation Market to 2025 by Blue Prism Group, Workfusion, Uipath, Thoughtonomy, Nice Systems

10-26-2020 03:55 PM CET | IT, New Media & Software

Press release from: Premium Market Insights

Robotic Process Automation Market - Premium Market Insights

Robotic Process Automation Market - Premium Market Insights

RPA is among the most revolutionary outcome of enterprise technologies introduced in past few years, catapulting the changes in the business ecosystem by stimulating productivity at deprived cost. In order to implement this software efficiently into an organization's system, the exclusive services offered by the RPA service providers play a vital role.

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The List of Companies
1. BLUE PRISM GROUP PLC.
2. WORKFUSION
3. UIPATH
4. THOUGHTONOMY LTD.
5. NICE SYSTEMS LTD.
6. AUTOMATION ANYWHERE INC.
7. SOFTOMOTIVE
8. PEGASYSTEMS INC.
9. REDWOOD SOFTWARE
10. KRYON SYSTEMS

For the coming years, the market is anticipated to enter into the new category of software vendors, who would be developing advanced analytics and data mining capabilities. This would further extend the scope of automation across more multifaceted processes and allow automation of processes, with variable degrees of unstructured data/ content. These unstructured data/content would include freeform emails. The net impact of burgeoning autonomics in industries will endure cannibalizing labor arbitrage benefits from off-shoring of processes, which would further result into increased consideration towards in-sourcing strategy.

The global RPA market for the verticals is fragmented into BFSI, Telecommunications, retail, healthcare, transportation & logistics and others. The segmentation is based upon the need for RPA to improve back end and front end business processes. Telecommunications and BFSI cumulatively in the RPA market have acquired the biggest share of almost one-fourth in 2017, followed by Transportation & logistics and healthcare.

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TABLE OF CONTENTS
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

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Sameer Joshi
Call: US: +1-646-491-9876, Apac: +912067274191
Email: sales@premiummarketinsights.com

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