Robotic Process Automation (RPA) Market worth US$ 11,792.8 Million, Globally, by 2025 at 50.9% CAGR - Exclusive Report by The Insight Partners

"Robotic Process Automation (RPA) Market" study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

The robotic process automation (RPA) market size is projected to reach US$ 11,792.8 million by 2025 from US$ 431.9 in 2017; it is expected to witness healthy market growth of 50.9% CAGR during 2017-2025.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPTE100001271/?utm_source=OpenPR&utm_medium=10365

he RPA software and service providers have constantly been directing their efforts toward innovating their existing product offerings. These initiatives taken by the market players aim to overcome the key existing challenges in the market. The continuous evolution in product innovation is thus attracting significant interest from the various end users globally.

For instance, recently, UiPath along with Humlex introduced a chat and speech-driven control for enterprise RPA. Apart from this, other leading market players such as Automation Anywhere and Blue Prism are also making a noteworthy investments for stimulating innovation in their offerings. In future years, the market is expected to experience several advancements in the technology, subsequently leading to up surged demand for RPA solutions not only in large but also in small and medium enterprises. Thus, product innovation by the technology providers is expected to drive robotic process automation (RPA) market growth over the forecast period.

Have A 15-Minute-Long Discussion with The Lead Research Analyst and Author of The Report in A Time Slot Decided by You. You Will Be Briefed About the Contents of The Report and Queries Regarding the Scope of The Document Will Be Addressed as Well - https://www.theinsightpartners.com/speak-to-analyst/TIPTE100001271/?utm_source=OpenPR&utm_medium=10365

Robotic Process Automation (RPA) Market Share: By Region
In the latter years, countries such as South Korea, Japan, and Australia, have exhibited considerable strides in their efforts to enhance their industrial scenario. Also, APAC had been outperforming in terms of offering exceptional telecom services for a large number of customers every year. The region's success in the telecom industry is mainly attributed to the availability of low labor costs, a skilled workforce, and 24x7 service support. Further, its proficiency in the global business process outsourcing market has also provided a robust foundation to thrift toward cloud-based business process outsourcing.

Robotic Process Automation (RPA) Market Segments
The robotic process automation (RPA) market is segmented on the basis of component, services, vertical, and geography. By component, the robotic process automation (RPA) market is segmented into software and service. Based on services, the robotic process automation (RPA) market is segmented into training services and professional services. By verticals, the robotic process automation (RPA) market is segmented into BFSI, retail, telecommunications, manufacturing, transportation & logistics, and others. On the basis of geography, the robotic process automation (RPA) market size is primarily segregated into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

The report is a combination of qualitative and quantitative analysis of the virtual reality industry. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.

Vertical-Based Robotic Process Automation (RPA) Market Insights
According to the robotic process automation (RPA) market, the vertical is segmented into BFSI, retail, telecommunications, manufacturing, transportation & logistics, and others. Telecommunication led the robotic process automation (RPA) market share in 2017. However, BFSI is expected to lead the robotic process automation (RPA) market share in 2025. BFSI industry encapsulates insurance companies, non-banking financial companies, commercial banks, mutual funds, and other smaller financial bodies which operate through a huge amount of data. To maintain the quality of various products and services BFSI is adopting RPA to become highly automated, reliable, and more efficient. These sectors are implementing digitalization to many of their processes and customer offerings to rely on and maintain a large amount of transactional, back office, as well as various manual operations. The acceptance of RPA by BFSI industry is expected to facilitate the industry to attain certain characteristics such as rule-based decisions with minimum variance, high volume work, reducing manual processes, and less possibility of error. RPA is being deployed in BFSI industry to automate various processes which were previously done manually. For the banking industry, RPA is used to get better outcomes from ATM testing through automating the account opening process, sweep operations, and transaction processing. Similarly, for the financial services industry RPA automates and expects opportunities for KYC processes with efficient customer service, continuous collection and monitoring of data, and account closure processing. Furthermore, for Insurance industries, RPA allows the industry to handle easily the collection of last year's claims documents, policyholder records, and other endorsing data, and improve productivity by freeing up the additional space for handling more cases. The increasing various challenges faced by BFSI industry can be overcome by the adoption of RPA by managing and taking significant improvement steps. There are various RPA providers in the market, namely Softomotive Ltd., UiPath, Blue Prism PLC, and Capgemini SE.

Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the "Robotic Process Automation (RPA) market" market.
• Key market trends cracking up the growth of the "Robotic Process Automation (RPA) market" market.
• Challenges to market growth.
• Key vendors of "Robotic Process Automation (RPA) market" market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global "Robotic Process Automation (RPA) "market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.theinsightpartners.com/buy/TIPTE100001271/?utm_source=OpenPR&utm_medium=10365

Contact Us:
If you have any queries about this report or if you would like further information, pleas
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.