Press release
Robotic Process Automation Market Future by Global Key Players: Automation Anywhere, Blue Prism, Celaton, Ipsoft, Nice Systems Ltd., Pegasystems, Redwood Software
As artificial intelligence is being increasingly integrated into day to day life and also in various technology forms. Market Research Future which concentrates on market reports linked to the semiconductors and electronics sector amongst others recently made available a report on this sector. The industry for robotic process automation is estimated to develop to revenues worth USD 2,700 Million by the year 2023, while expanding at 29 per cent CAGR between 2017 and 2023.
Adoption of RPA is considered to be one of the biggest trends that is shaping various sectors tremendously in the forecast period. The RPA industry is gaining high levels of growth due to the high levels of efficiency that can be achieved from these systems. The cost effectiveness benefit is also making the sector extremely lucrative to new and existing manufacturers in the sector. Reduced cost benefits is one the main benefits that is attracting investments into this market at a high rate.
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Robotic Process Automation Global Market – Key Players
Robotic Process Automation is adorned by numerous major players having geographical presence with a Lion’s share in the market. Key Vendors operating in the RPA market compete based on pricing, innovation, service, reputation. However, the significant growth in the market and immense revenue generation opportunities are attracting several new players to enter the global beauty devices. The cooperation strategy within the ecosystem is enabling business process management service providers and technology integrators to enter into a licensing agreement with the RPA technology providers.
The prominent players in the Robotic Process Automation Market are – Automation Anywhere (France), Blue Prism (U.K.), OpenSpan (U.S.), Celaton (U.K.), Exilant (India), OpenConnect Systems Incorporated (U.S.), Verint Systems (U.S.), Cognizant (U.S.), Infosys Limited (India), Atos Corporation (France) among others.
The Robotic Process Automation Market is expected to grow at approximately USD 2,700 Million by 2023, at 29% of CAGR between 2017 and 2023.
Robotic Process Automation is adorned by numerous major players having geographical presence with a Lion’s share in the market. Key Vendors operating in the RPA market compete based on pricing, innovation, service, reputation. However, the significant growth in the market and immense revenue generation opportunities are attracting several new players to enter the global beauty devices. The cooperation strategy within the ecosystem is enabling business process management service providers and technology integrators to enter into a licensing agreement with the RPA technology providers.
Robotic Process Automation Global Market – Synopsis
The key difference between other automation methods and RPA is the approach used for completing the tasks carried by employees. RPA utilizes applications through a standard interface along with the deployment of software without modification to the applications or systems being automated.
The BFSI domain held the largest share of the robotic process automation market among all the industries in 2016.In the BFSI space, multiple systems are linked to each other by interfaces to enable the flow of transaction-related data. Robotic process automation controls and monitors these interfaces to ensure seamless execution of transactions and fill data gaps. Robotic process automation improves the accuracy and efficiency of different processes in the BFSI industry. These solutions also help in regulatory reporting and balance sheet reconciliation by collating data from multiple systems and conducting a host of validation checks to prepare information for a detailed analysis.
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