Robotic Process Automation Market Industry Share, Business Size, Growth Factors and Forecast 2030

The Robotic Process Automation Market size was valued at USD 2.24 Billion in 2023 and the total Robotic Process Automation revenue is expected to grow at a CAGR of 38.53% from 2024 to 2030, reaching nearly USD 21.93 Billion by 2030.

Robotic Process Automation Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Robotic Process Automation industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Robotic Process Automation Market Dynamics

Market Dynamics and Regional Insights

Across industries, businesses are increasingly recognizing the transformative potential of RPA. The banking, financial services, and insurance (BFSI) sector, in particular, emerge as a frontrunner, leveraging RPA to automate critical processes and drive operational efficiency. North America leads the charge in RPA adoption, driven by government agencies and enterprises alike, while the Asia Pacific region presents a burgeoning landscape ripe for exponential growth.

UiPath: A Dominant Force

UiPath stands as a titan in the RPA sector, commanding an impressive market share and driving innovation with its comprehensive automation platform. Despite challenges posed by competitors, UiPath's unwavering commitment to excellence and strategic partnerships solidify its position as a market leader, shaping the future of automation.

Robotic Process Automation Market Segmentation

Robotic Process Automation Market , by Type

Software
Services

With an estimated market share of 62.3% in 2023, the robotic process automation (RPA) services category is expected to have the biggest share. This market includes consultation, implementation, and training programmes. Businesses are seeing increased competition, which is driving RPAA service providers to keep improving. Increased scalability and cost savings are made possible by continuous improvements in automation services, which are driving demand for RPA as a service. Establishing business cases, choosing vendors carefully for pilot project deployment, and discovering automation opportunities for optimisation are all made easier for organisations when RPA is implemented as a service.

Robotic Process Automation Market , by Deployment

Cloud
On-premise

It is anticipated that the on-premises category will consolidate its leadership position in the Robotic Process Automation Market by 2023, taking a commanding 78.9% of the market. Businesses benefit from the strategic advantage of being able to match RPA access policies with internal regulations through on-premise deployment, which guarantees efficient governance of client RPA systems in accordance with specific needs. Large-scale businesses are especially likely to favour on-premise RPA implementation in order to protect sensitive data, which is a result of their increased worries over data security and privacy.

Robotic Process Automation Market , by Industry

BFSI
Telecom & IT
Retail and Consumer Goods
Manufacturing

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Robotic Process Automation Market Key Players

North America:
1. UiPath
2. Automation Anywhere Inc.
3. PegasystemsInc
4. OpenSpan
5. Jacada Inc
Europe:
1. Blue Prism Group Plc
2. Celaton Ltd
3. Arago GmbH
4. EnableSoft
5. Be Informed B.V.
Asia Pacific:
1. Redwood Software
Global:
1. Kofax, Inc
2. Kryon Systems
3. Softomotive
4. THOUGHTONOMY
5. Work Fusion

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Table of content for the Robotic Process Automation Market includes:

Part 01: Executive Summary

Part 02: Scope of the Robotic Process Automation Market Report

Part 03: Global Robotic Process Automation Market Landscape

Part 04: Global Robotic Process Automation Market Sizing

Part 05: Global Robotic Process Automation Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

With a substantial 37.2% share of the robotic process automation market in 2023, North America holds the largest proportion. Over the course of the projected period, the region is anticipated to maintain a consistent Compound Annual Growth Rate (CAGR). The increasing deployment of RPA by businesses and government organisations is the main factor behind this noteworthy penetration in North America. Moreover, the application of RPA in Small and Medium-sized Enterprises (SMEs) in the North American area is mostly concentrated on improving different company operations, such as data input, accounting/finance, and procurement details, which significantly contributes to the growth of the market overall.

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