Robotic Process Automation Market Research Report

 


Robotic Process Automation Market

Robotic Process Automation Market size is projected to expand at a healthy CAGR of 32.8% over the forecast period (2021-2028) due to the growing need for automating unnecessary tasks. RPA helps an organization in minimizing human error and decreasing staffing costs. Automation induces faster execution and arrangement of huge data in less time than mechanical processes with lower overhead expenses.

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Rapid digitalization across industries and government organizations, growing need to enhance speed, quality, and efficiency of organization and reducing reliance on human workforce for digital procedures to achieve cost efficiency are the prominent factors fuelling the Robotic Process Automation Market. Robotic process automation software help perform high-volume, boring and repetitive tasks that require excessive time and cost to be completed by humans, which will further bolster the market growth. The incorporation of robotic process automation (RPA) with machine learning and AI will offer lucrative opportunities to global robot process automation market.

However, execution of robotic process automation software and services is very costly, which has hampered the market growth. Also, growing concerns towards data safety will hinder the robotic process automation market share.

North America is projected to expand at a faster rate over the forecast period. The nation has witnessed a major trend of adopting process management and automation across organizations. The strong presence of prominent players in the nation such as Automation Anywhere, Inc., Appian Corporation, and International Business Machines Corporation, will drive the market growth. Also, RPA is majorly adopted by SMEs owing to the growing consciousness about enhancing various business processes such as record management, data entry, and accounting.

Market Segmentation
Robotic Process Automation Market by Deployment Mode
  • On-Premise
  • Cloud
Robotic Process Automation Market by Size of Enterprise
  • Small and medium Enterprises
  • Large Enterprises
Robotic Process Automation Market by Industry Vertical
  • IT and Telecom
  • BFSI
  • Healthcare
  • Retail
  • Manufacturing
  • Others

Robotic Process Automation Market by Region:

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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