Press release
The Global Robotic Process Automation Market Will Grow At An Extraordinary 33% CAGR By 2031
From 2019 to 2029, the global robotic process automation market will grow at an astounding 33% CAGR. Controlled airspace accounts for more than three-fourths of the global market and is expected to generate a $3 billion absolute dollar opportunity between 2021 and 2031.Read Report Overview: https://www.factmr.com/report/4628/robotic-process-automation-market
Key Takeaways of Robotic Process Automation Market Study
Service product types dominate the market, accounting for more than 58% of total value. Enterprise organisations are looking for end-to-end services to ensure the successful implementation of robotic process automation initiatives across the organisation.
Robotic process automation based on intelligent software meets the needs of small and medium-sized businesses. The software segment will grow at an astounding 35% CAGR from 2019 to 2029, owing to its suitability and flexibility of deployment.
During the forecast period, the consulting service segment will grow thirteenfold. This can be attributed to companies' increasing demand for customised robotic process automation.
Large enterprises have a majority market value share in terms of target clients, owing to their increasing need to expand their global footprint in highly competitive environments.
North America maintains market share leadership, accounting for more than half of total market value. Because of the growing consumer demand for precision product manufacturing, early adopters are at the forefront of robotic process automation.
Banking, Financial Services, and Insurance account for more than a quarter of the total market value for robotic process automation. This is due to the increasing use of artificial intelligence and big data analytics in evaluating consumer eligibility for financial services.
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Major players in the market that influence the competitive landscape are, but not limited to
UiPath
Automation Anywhere Inc.
NICE
Blue Prism
Pegasystems
Kofax
NTT Advanced Technology Corporation
Genpact Ltd
EdgeVerve
IPsoft Inc.
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Global Robot Process Automation Market: In-Depth Assessment on Key Segments
The global robot process automation market is segmented on the basis of type, service, organization, deployment, application and region.
By Type :
Software
Service
By Service :
Consulting
Implementation
Training
By Organization :
SMEs
Large Enterprises
By Deployment :
Cloud
On-Premise
By Application :
BFSI
Manufacturing
Pharma & Healthcare
Retail
Telecom & IT
Others
By Region :
North America
Latin America
East Asia
South Asia & Oceania
Middle East & Africa
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What Do You Get in a Fact.MR Study?
Factors affecting the overall development of the global Robotic Process Automation Market
Factor that might restrain the growth of the global market in the coming years of the forecast period.
What is present competitive scenario of the global Robotic Process Automation Market and its intricate details concerning potential business prospects of leading market players
Pricing strategies of several different market players in the global Robotic Process Automation Market
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