Robotic Process Automation Market Size, Share, & Trends 2030

[Redding, California - April 10, 2023]- Meticulous Research®, a distinguished global market research entity, proudly announces the release of its latest research report, entitled 'Robotic Process Automation Market by Offering (Software, Services), Type (Attended RPA, Unattended RPA), Application (Customer Account Management, Employee Onboarding), Sector (BFSI, IT & Telecom, Healthcare), and Geography - Global Forecast to 2030.'

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In this groundbreaking publication, Meticulous Research® anticipates the robotic process automation market to soar to $35.9 billion by 2030, experiencing a remarkable CAGR of 20.2% from 2023 to 2030. The surge in demand for automation in business processes, coupled with the escalating adoption of cutting-edge technologies such as cloud, AI, and machine learning, propels the growth of the robotic process automation market. However, the market faces challenges due to the high implementation costs associated with these solutions.

Key Growth Drivers and Opportunities:

The report highlights the burgeoning opportunities within the market, including the rise of RPA-enabled self-learning conversational chatbots and the increasing integration of robotic process automation solutions in the healthcare sector. Nevertheless, challenges persist in the form of misconceptions and a lack of awareness regarding robotic process automation.

Emerging Trends:

The report identifies the latest trends in the robotic process automation market, emphasizing the growing adoption of cloud-based solutions and the escalating demand for collaborative robotic process automation.

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Segmentation Overview:

The robotic process automation market is meticulously segmented based on offering (software, services), type (attended RPA, unattended RPA, Hybrid RPA), organization size (large enterprises, small & medium-sized enterprises), deployment mode (on-premise deployment, cloud-based deployment), application, and sector. Additionally, the study delves into a thorough analysis of industry competitors and provides insights at both regional and country levels.

Detailed Analysis:

Offering: The market is divided into software and services, with the software segment expected to dominate in 2023. This is attributed to the growing demand for automation in business processes, coupled with a focus on solution-centric automation capabilities.

Type: The report categorizes robotic process automation into attended RPA, unattended RPA, and hybrid RPA. In 2023, attended RPA is anticipated to hold the largest market share, driven by the need to enhance productivity and maximize returns, particularly in the BPO sector.

Deployment Mode: The market is analyzed based on on-premise deployment and cloud-based deployment. While on-premise deployment is expected to lead in 2023, cloud-based deployment is forecasted to register the highest CAGR, owing to its superior flexibility and increasing adoption by small & medium-sized enterprises.

Organization Size: Large enterprises are poised to dominate the market in 2023, attributed to robust IT infrastructure and skilled IT personnel. However, small & medium-sized enterprises are expected to register the highest CAGR during the forecast period.

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Application: The report evaluates various applications, with customer account management projected to account for the largest share in 2023 and exhibit the highest CAGR.

Sector: The BFSI segment is anticipated to lead the market in 2023, driven by the rising adoption of robotic process automation solutions for financial processes. However, the healthcare segment is expected to register the highest CAGR due to increased adoption in appointment scheduling, medical billing, and patient onboarding.

Geography: North America is projected to dominate the market in 2023, fueled by prominent players and increased adoption across BFSI, retail, and IT & telecommunications. Asia-Pacific, however, is anticipated to witness the highest growth rate during the forecast period, propelled by regional economic growth and expanding retail and BFSI sectors.

Top 10 Companies Operating in RPA Market: https://meticulousblog.org/top-10-companies-in-robotic-process-automation-market/

Key Players:

The report identifies key players in the robotic process automation market, including UiPath, Inc., Automation Anywhere, Inc., Pegasystems Inc., Blue Prism Group plc, Celaton Limited, OnviSource, Inc., Kofax Inc., FPT Software Company Limited, EdgeVerve Systems Limited, NICE Ltd., IBM Corporation, Verint Systems Inc., AutomationEdge Technologies, Inc., Appian Corporation, and EPSoft Technologies.

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