Enterprise Robotic Process Automation Market Size, Growth Analysis And Outlook By 2033

"The Business Research Company recently released a comprehensive report on the Global Enterprise Robotic Process Automation Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The enterprise robotic process automation market size has grown exponentially in recent years. It will grow from $2.08 billion in 2023 to $3.80 billion in 2024 at a compound annual growth rate (CAGR) of 35.6%. The growth in the historic period can be attributed to scalability and flexibility, regulatory compliance, cost reduction initiatives, digital transformation initiatives, and increased competition.

The enterprise robotic process automation market size is expected to see exponential growth in the next few years. It will grow to $12.92 billion in 2028 at a compound annual growth rate (CAGR) of 35.8%. The growth in the forecast period can be attributed to growing demand for workflow efficiency, rising complexity of business processes, increasing volume of data handling, and focus on customer experience enhancement. Major trends in the forecast period include integration with artificial intelligence (AI), expansion into small and medium enterprises (SMEs), cloud-based RPA solutions, the rise of citizen developers, and growing demand for industry-specific RPA solutions.

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Market Drivers and Trends:

Increasing demand for automation is expected to propel the growth of the enterprise robotic process automation market going forward. Automation refers to utilizing technology, programs, robotics, or processes to accomplish objectives with minimal human intervention. The rising demand for automation is being driven by the need to enhance operational efficiency and agility while reducing reliance on manual processes. Enterprise robotic process automation streamlines repetitive tasks and workflows within organizations, enhancing efficiency and productivity through automated software robots. For instance, in 2023, according to the International Federation of Robotics, a Germany-based non-profit organization, the installation of industrial robots surpassed 500,000 units in 2022, contributing an additional 5% to the previous record of 526,144 units installed in 2021. In Asia, 404,578 units were installed, reflecting a 5% increase from the 2021 figure of 385,143 units. Therefore, the increasing demand for automation is driving the growth of the enterprise robotic process automation market.

Major companies operating in the enterprise robotic process automation market are increasing their focus on developing advanced technologies, such as enterprise automation solutions, to gain a competitive edge in the market. Enterprise automation solutions aim to integrate various technologies and software platforms within an organization to streamline processes, improve efficiency, reduce costs, and boost overall productivity. For instance, in October 2023, Infor, a US-based enterprise software company, launched its Enterprise Automation Solution. It is a set of Infor Operating Service (Infor OS) multi-tenant cloud services designed to enable rapid scaling of automation throughout companies by integrating data integration, artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) capabilities into a unified platform. By using Infor Enterprise Automation, organizations can consistently enhance their enterprise resource planning (ERP) automation functionalities across various applications. This helps them achieve business objectives more quickly while reducing both integration costs and associated risks.

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Major Key Players of the Market:

International Business Machines Corporation, Atos SE, Sutherland Bulgaria, Pegasystems Inc., UiPath Inc., Nice Systems Ltd., Verint Systems, Fortra LLC, IPSoft, Automation Anywhere, Symphony AyasdiAI, BlackLine Systems Inc., Appian Corporation, Kofax Inc., Happiest Minds Technologies, Roboyo GmbH, AntWorks, EdgeVerve Systems, Jacada Inc., Ephesoft Inc., Redwood Software Inc., OpenConnect Systems Incorporated, AutomationEdge, ElectroNeek, Cicero Inc., WorkFusion, Celaton Ltd., Kryon Systems

Enterprise Robotic Process Automation Market 2024 Key Insights:

• The enterprise robotic process automation market size is expected to see exponential growth in the next few years. It will grow to $12.92 billion in 2028 at a compound annual growth rate (CAGR) of 35.8%.
• Automation Driving Growth In The Enterprise Robotic Process Automation Market
• Enterprise Automation Solution Revolutionizes Business Operations With Integrated Technologies
• North America was the largest region in the enterprise robotic process automation market in 2023

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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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