Global Robotic Process Automation Market Size study & Forecast, by Process (Automated Solution, Decision Support and Management Solutions, Interaction Solutions) By Operations (Rule-based, Knowledge-based) By Type (Tools, Services) By Industry (Banking, F

Global Robotic Process Automation Market Size study & Forecast, by Process (Automated Solution, Decision Support and Management Solutions, Interaction Solutions) By Operations (Rule-based, Knowledge-based) By Type (Tools, Services) By Industry (Banking, Financial Services and Insurance, Healthcare and Pharmaceuticals, Manufacturing and Logistics, Telecom and IT, Retail and Consumer Goods, Travel, Hospitality, and Transportation, Others) and Regional Analysis, 2022-2029

Global Robotic Process Automation Market is valued approximately USD 1.89 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 38.2% over the forecast period 2022-2029. Robotic Process Automation is the application of technology to configure computer software or a robot to capture and interpret applications for rule-based processing of transactions, data manipulation, and communication with other digital systems. Robotic process automation deals with the application of smart software to carry out high-volume and repetitive tasks. The Robotic Process Automation market is expanding because of factors such as growing demand for automation of business processes and to simplify the complex handling process. According to the Statista, the size of the global industrial automation market reached some USD 175 billion in 2020. The market is expected to grow at a compound annual growth rate (CAGR) of around nine percent until 2025. In 2025, the size of the global industrial automation market should reach USD 265 billion. Another important component driving space increase is simplifying the complex handling process. Cloud-based industrial Automation software industry has been prominent for several years but is growing rapidly, and cloud-deployed software is expected to grow at a compound annual growth rate of 9.4 percent between 2018 and 2023. Moreover, in 2021 the global market for industrial robots was sized at about USD 43.8 billion and expected to grow at a CAGR of 10%, reaching USD 70.6 billion by 2028. However, the high cost of Robotic Process Automation stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Robotic Process Automation Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the existence of key market players within the region. Moreover, in 2020, the RPA market was worth around USD 640 million and expected to reach USD 3870 million by 2024. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising industrial automation and government initiatives in the market space.

Major market player included in this report are:

Nice Systems Ltd.
Automation Anywhere
Blue Prism Group Plc
Celaton Ltd.
IPSoft, Inc.
Pegasystems Inc.
Redwood Software
UiPath SRL
Verint Systems Inc
Xerox Corporation

Recent Developments in the Market:
 In Dec 2022, NICE launched an Enlighten AutoSummary, AI contact center solution for automatically generating contact center summaries of every customer interaction with an agent. Average handling times and after-call work are reduced as agents are relieved of the need for manual notetaking, while concise, accurate and actionable information about the interaction is immediately available to the next agent on the customer’s journey.

 In Global Robotic Process Automation Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Process, Operation, Type, Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Process:
Automated Solution
Decision Support and Management Solutions
Interaction Solutions
By Operations:
Rule-based
Knowledge-based
By Type:
Tools
Services
By Industry:
Banking, Financial Services and Insurance
Healthcare and Pharmaceuticals
Manufacturing and Logistics
Telecom and IT
Retail and Consumer Goods
Travel, Hospitality, and Transportation
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

Nice Systems Ltd.
Automation Anywhere
Blue Prism Group Plc
Celaton Ltd.
IPSoft, Inc.
Pegasystems Inc.
Redwood Software
UiPath SRL
Verint Systems Inc
Xerox Corporation

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