Global Robotic Process Automation Market Scenario Highlighting Key Drivers & Latest Trends (2022 - 2030) | Key Players - Blue Prism Limited, IBM, Microsoft, NICE, UiPath

Robotic Process Automation (RPA) refers to the use of software robots or artificial intelligence (AI) workers to automate repetitive, routine tasks that are typically performed by humans. RPA is used to automate various back-office and front-office processes such as data entry, data validation, invoice processing, customer service, and other administrative tasks. RPA helps to improve operational efficiency, reduce costs, and improve the quality of work.

In terms of revenue, the robotic process automation market was valued at US$ 1,546.78 Mn in 2020 growing at a CAGR of 29.5% over the forecast period (2022 - 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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The major drivers of the market growth include the increasing demand for automation across various industries, the need for cost reduction and efficiency improvement, and the increasing adoption of cloud-based RPA solutions. The COVID-19 pandemic has further accelerated the adoption of RPA as organizations have increasingly turned to automation to maintain business continuity and reduce dependence on human resources.

However, there are some restraints that may hinder the growth of the RPA market. One of the major challenges is the lack of awareness and understanding of RPA technology among businesses. Additionally, the lack of skilled resources to implement and manage RPA solutions is also a major challenge for the market. Security concerns related to RPA deployment and the risk of data breaches are also expected to hinder market growth.

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The RPA market is expected to witness significant growth in the coming years, driven by the increasing adoption of RPA by large enterprises, SMEs, and government organizations. The demand for RPA solutions is expected to increase across various industries such as healthcare, banking, finance, and insurance, retail, and telecommunications. The adoption of AI and machine learning technologies in RPA is expected to further accelerate market growth.

The market is highly competitive, with several key players such as Automation Anywhere, UiPath, Blue Prism, Pegasystems, and NICE competing for market share. These companies are focusing on product innovation, partnerships, and collaborations to expand their market presence and stay competitive. The market is also witnessing consolidation as large companies acquire smaller players to expand their offerings and capabilities.

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Key Players Influencing the Robotic Process Automation Market:

Automation Anywhere, Inc., Blue Prism Limited, EdgeVerve Systems Limited, IBM, Kofax Inc., Kryon Systems, Microsoft, NICE, NTT Advanced Technology Corporation, Pegasystems Inc., UiPath, WorkFusion, Inc., Other Market Participants

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Our 420+ Pages Report titled, Robotic Process Automation Market will include extensive information on the following pointers:

Global market size and forecast values (2015 - 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
Years Considered (2015 - 2030)
(Historic Years: 2015 - 2020
Base Year: 2021
Forecast Years: 2022 - 2030)
Market determinants and Influencing Factors
Market Dynamics (Drivers, Restraints, Opportunities and Trends)
Analysis on Impact of Covid-19 on Global Robotic Process Automation Market
Macro-Economic and Micro-Economic Indicators
Porter's Five Forces Analysis
Regulatory Landscape
PESTEL Analysis
Competitive Benchmarking: Global Presence and Growth Strategies
(Mergers and Acquisitions
Product Launches
Investments Trends
R&D Initiatives)
Market Share Analysis, 2021
Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.

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Global Robotic Process Automation Market:

By Offering
Solutions
Services

By Deployment
Cloud
On Premise

By Organization Size
Small and Medium Organizations
Large Organizations

By Platform
Desktop
Web
Mobile

By Department
Finance and Accounting
Contact Center
IT
HR
Legal
Others

By Region
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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