Exclusive Report on Global Robotic Process Automation Industry: to grow at a whopping rate of CAGR 32.61%

The global Robotic Process Automation market size is expected to reach $17.45 Billion by 2028 growing at the CAGR of 32.61% from 2021 to 2028.

The increase for automation in modern industry seems inevitable since it saves people time and furthermore leads to cost reduction. Also, with the recent coronavirus upsurge in which hospitals everywhere are having to deal with patients, relief is expected to come in the form of RPA systems. RPA seems like a logical solution when medical professionals are otherwise unable to keep up with managing the rapidly growing workloads. All these factors will contribute greatly to the future growth of data-driven process automation systems, aka RPA.

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Key Players
Some of the major Robotic Process Automation players holding high market share include Automation Anywhere, Inc., Blue Prism, EdgeVerve Systems Limited, and International Business Machines Corporation. These players use new product development and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Automation Anywhere, Inc.
● Blue Prism
● EdgeVerve Systems Limited
● International Business Machines Corporation
● IPsoft Inc.
● Kofax Inc.
● NICE Ltd.
● Pegasystems Inc.
● UiPath
● WorkFusion, Inc.

The recently published research report on Global Robotic Process Automation Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Robotic Process Automation market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Robotic Process Automation market report also includes the following data points:
● COVID19 Impact on Robotic Process Automation market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Robotic Process Automation market

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Segmental Analysis
Market Segment By Component with focus on market share, consumption trend, and growth rate of Robotic Process Automation Market:
o Software
o Services

Market Segment By Application with a focus on market share, consumption trend, and growth rate of Robotic Process Automation Market:
o Manufacturing
o Healthcare & Pharmaceutical
o IT & Telecommunications
o Retail & Consumer Goods
o Government & Defense
o Others

For more information: https://evolvebi.com/product/robotic-process-automation-market-analysis-and-forecast-2021-2028-with-covid-impact-analysis/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

According to statistics, North America held the highest share in the worldwide robotic process automation market for the year 2020. This dominance can be attributed to the rising demand for advanced automation solutions to streamline operational processes by several enterprises operating in the region. It’s projected that the global RPA market is expected to exhibit an exponential growth over the next few years.

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