Robotic Process Automation in Finance Market: Unveiling Market Size, Key Trends, and Demand Forecast Driving Future Growth!

The new report published by The Business Research Company, titled Robotic Process Automation In Finance Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the robotic process automation in finance market size has grown exponentially in recent years. It will grow from $7.87 billion in 2023 to $9.82 billion in 2024 at a compound annual growth rate (CAGR) of 24.8%. The robotic process automation in finance market size is expected to see exponential growth in the next few years. It will grow to $24.12 billion in 2028 at a compound annual growth rate (CAGR) of 25.2%.

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Rising Cloud Adoption Drives Robotic Process Automation In Finance
The rising adoption of cloud-based solutions is expected to propel the growth of robotic process automation in the finance market going forward. A cloud-based solution is a software or service hosted, managed, and accessed remotely over the internet, typically through a provider's servers. Cloud-based solutions allow businesses to scale their resources up or down based on demand, providing flexibility to accommodate growth or fluctuations in usage. Cloud-based RPA enables financial institutions to implement automation solutions quickly and efficiently while simplifying maintenance and updates. For instance, in January 2023, according to Google Cloud, a US-based software development organization, in 2022, 26% of individuals indicated using multiple public cloud-based solutions, an increase from 21% in 2021. Therefore, the rising adoption of cloud-based solutions is driving the growth of robotic process automation in the finance market.

Finance Market Expanding With AI Fintech Innovations
Major companies operating in the robotic process automation in the finance market are focusing on developing end-to-end automation through robotic process automation to streamline operations, reduce costs, minimize errors, and enhance overall efficiency in financial processes. End-to-end automation in finance revolutionizes traditional financial operations, enabling organizations to achieve greater efficiency, accuracy, transparency, and compliance while reducing manual effort, errors, and operational costs. For instance, in July 2023, SMA Technologies, a US-based software company, introduced OpCon RPA, adding Robotic Process Automation (RPA) capabilities to its automation platform for financial services. This addition enables clients to automate UI-specific workflows on Windows or the web, enhancing operational efficiency and reducing manual intervention in financial services workflows. OpCon RPA by SMA Technologies is tailored to address specific workflows unique to banks, credit unions, and other financial institutions, offering a specialized solution amidst a diverse RPA marketplace.

The robotic process automation in finance market covered in this report is segmented -

1) By Product: Software, Hardware, Services
2) By Organization Size: Small And Medium Enterprises, Large Enterprises
3) By Application: Asset Management, Fund And Security Services, Retail And Lending Management, Trading And Financial Management, Insurance, Other Applications

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Major companies operating in the robotic process automation in finance market are Microsoft Corporation Inc., SAP SE, Capgemini Technology Services India Limited, ServiceNow Inc., Xerox Corporation, Automation Anywhere Inc., Verint Systems Inc., Infosys Technologies Private Limited, Fortra LLC, BlackLine Systems Inc., EdgeVerve Systems Ltd., Prolifics Corporation Private Limited, Datamatics Technologies Private Ltd., AntWorks Pte. Ltd., Tungsten Automation Corporation, Kryon Systems Ltd., Jiffy.ai, ElectroNeek Robotics Inc., Celaton Ltd, OpenConnect Systems Inc., AutomationEdge Technologies Inc., WorkFusion Inc., CloudStorm LLC, Beijing Laiya Network Technology Co. Ltd., UiPath Inc.

Contents of the report:
1. Executive Summary
2. Robotic Process Automation In Finance Market Report Structure
3. Robotic Process Automation In Finance Market Trends And Strategies
4. Robotic Process Automation In Finance Market - Macro Economic Scenario
5. Robotic Process Automation In Finance Market Size And Growth
…..
27. Robotic Process Automation In Finance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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