Robotic Process Automation Market to Grow at 36.3% CAGR, Reaching New Heights by 2030

The global Robotic Process Automation (RPA) market was valued at USD 2.45 Billion in 2022 and is projected to register a strong compound annual growth rate (CAGR) of 36.3% during the forecast period. Rising demand to reduce operational costs, the growing influence of Industry 4.0 technologies, and the adoption of IoT and smart solutions across industries are the key factors driving market expansion.

RPA technology enables businesses to automate repetitive, manual tasks such as data entry by deploying software robots. These robots can interact with multiple systems, improving speed, reducing errors, and boosting overall productivity. With cost-saving benefits and greater accuracy than human workers, RPA is increasingly becoming a strategic tool for organizations looking to streamline operations.

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Some major companies included in the global Robotic Process Automation market report are:
UiPath

NICE

Pegasystems Inc.

OnviSource, Inc.

NTT Advanced Technology Corp.

Blue Prism Limited (SS&C Technologies Holdings, Inc.)

Automation Anywhere Inc

EdgeVerve Systems Ltd. (Infosys)

FPT Software

KOFAX, Inc.

The recent economic downturn and workforce reductions in several industries have further accelerated the demand for RPA. During the COVID-19 recession, the unemployment rate spiked sharply, compelling businesses to seek ways to cut costs. Automating repetitive tasks with RPA allows companies to redirect employees to higher-value activities, improving efficiency while keeping expenses under control.

Drivers of Growth

Organizations across the globe are adopting RPA to achieve quick returns on investment through cost savings and productivity gains. Companies like Uber have already integrated RPA solutions from partners such as and UiPath to standardize and automate processes, ensuring global compliance while reducing reliance on additional staff.

The growing adoption of the Internet of Things (IoT) is another major driver. Combined with RPA, IoT allows companies to collect and act on data from connected devices. For example, RPA bots can monitor warehouse conditions through IoT sensors and automatically adjust operations such as temperature control, reducing energy costs and optimizing performance.

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Challenges in Adoption

Despite its benefits, the RPA market faces challenges including integration issues, a shortage of skilled professionals, and security concerns. Successful deployment requires expertise in programming, process design, and analytics, which some organizations lack. In addition, as RPA solutions handle sensitive information across different systems, ensuring data protection and security remains a critical concern.

Market Insights by Type

Based on type, the market is divided into software and services. The software segment is expected to witness rapid growth during the forecast period. RPA software enables organizations to automate routine tasks, reduce errors, and improve scalability.

Blue Prism, now a part of SS&C Technologies Holdings, Inc., is one of the leading RPA software providers offering a secure and scalable platform. Its solutions include features such as audit trails, compliance tools, and role-based access controls, making it a reliable choice for enterprises handling sensitive data. The rising adoption of such software is expected to drive revenue growth in this segment.

Robotic Process Automation Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global Robotic Process Automation (RPA) market based on type, deployment, organization size, industry vertical, and region:

Type Outlook (Revenue, USD Billion; 2019-2032)
Software

Services

Deployment Outlook (Revenue, USD Billion; 2019-2032)
Cloud

On-premise

Organization Size Outlook (Revenue, USD Billion; 2019-2032)
Small and Medium Enterprises (SMEs)

Large Enterprises

Industry Verticals Outlook (Revenue, USD Billion; 2019-2032)
Banking, Financial Services and Insurance (BFSI)

Healthcare

Retail & E-commerce

Manufacturing

Transportation & Logistics

Others

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Outlook

With businesses worldwide under pressure to optimize operations and reduce costs, the demand for Robotic Process Automation is set to expand rapidly. As organizations continue to embrace automation alongside IoT and smart technologies, the RPA market is positioned for robust growth, reshaping the way industries operate and manage resources.

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