Press release
Global Robotic Process Automation Market To Be Driven By The Growing Automation Of Business Operations In The Forecast Period Of 2022-2027
Robotic Process Automation Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
Historical Market Size (2020): USD 2.23 Billion
Forecast CAGR (2021-2026): 36.4%
The several benefits offered by use of robotic process automation (RBA) software is a major driver for the market. These benefits include greater productivity, accuracy, cost savings and fast ROI, delivery speed, and higher employee engagement. Furthermore, the use of RBA tools allows an organization to spend more time on strategic work and less time on repetitive tasks.
Asia-Pacific is likely to be the key growth engine for the global market, owing to the increasing usage of robotic process automation tools in its booming IT and retail sectors.
Industry Definition and Major Segments
Robotic process automation is a software technology that is used to build, deploy, and manage robots that emulate human actions and thus help in executing rule-based business processes. The software robots or "bots" created by robotic process automation software are faster, reliable and work with 100% precision.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/robotic-process-automation-market
The market has been segmented based on the component type as:
Software
Service
Based on the deployment model, EMR has also segregated the market as
On-premises
Cloud
Depending upon the size of the organization that uses robotic process automation systems, the market can be classified as
Large Enterprises
Small and Medium- Sized Enterprises
Based on the industry verticals, the market can be divided into:
BFSI
Manufacturing
Healthcare
IT and Telecommunications
Retail
Others
The EMR report also provides an analysis of regional markets :
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The COVID-19 pandemic has led to an increase in the adoption of robotic process automation (RPA). This is due to the need for faster and more accurate business process automation. The highly competitive and dynamic business environment has also propelled organizations to adopt and implement RPA tools.
It is expected that by 2022, more than 80% of large organizations will implement RPA in some form or the other. Also, many large organizations will triple the usage of RPA tools for their business purposes.
Key Market Players
The major players in the market are Automation Anywhere, Inc, Blue Prism Limited, EdgeVerve Systems Limited, IBM Corporation, and Pegasystems Inc. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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