Press release
Robotic Process Automation (RPA) Market Size, Share & Forecast 2028
In traditional workflow automation tools, a software developer produces a list of actions to automate a task and interface to the back-end system using internal application programming interfaces (APIs) or dedicated scripting language. In contrast, RPA systems develop the action list by watching the user perform that task in the application's graphical user interface (GUI), and then perform the automation by repeating those tasks directly in the GUI. This can lower the barrier to use of automation in products that might not otherwise feature APIs for this purpose.
Market Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for RPA estimated at US$ 426.7 million in the year 2022, is projected to reach a revised size of US$ 2404.5 million by 2028, growing at a CAGR of 33.4% during the forecast period 2022-2028.
The role of technology is evolving continuously at a faster pace. The last few decades witnessed various waves of technology progression that significantly impacted business growth. Few of these technologies are now declining as businesses globally are transforming into a dynamic digital environment. However, RPA is anticipated to evolve and soar over the forecast period. The modern enterprise demand RPA technology to be fast in implementation, execution, and scaling. It alleviates human workers of their mundane and repetitive daily tasks by processing workflow much quicker and subsequently more efficiently.
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Robot Process Automation Market By Type
• Professional Services
• Training Services
Robot Process Automation Market By Application
• BFSI
• Telecom/IT
• Healthcare
• Retail
• Manufacturing
• Others
Robot Process Automation Market By Company
• Atos SE
• Automation Anywhere Inc.
• Be Informed B.V.
• Blue Prism Group Plc
• Cicero Inc.
• Cognizant Technology Solutions Corporation
• Genfour
• Genpact Ltd.
• Infosys Ltd
• IPSoft Inc.
• Jacada Inc.
• Kofax Ltd
• Kryon Systems
• OpenConnect Systems Inc.
• OpenSpan
• Sutherland Global Services
• Thoughtonomy
• UiPath
• Verint Systems Inc.
BY REGION
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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