Robotic Process Automation (RPA) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Robotic Process Automation (RPA) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Robotic Process Automation Market
The robotic process automation market size was valued at USD 10.01 billion in 2023, and the market is now projected to grow from USD 50.50 billion in 2024 to USD 13.86 billion by 2032, exhibiting a CAGR of 20.3% during the forecast period of 2024-2032.
Due to the notable increase in the use of RPA software and solutions to assist COVID-19 patients visiting physicians, the COVID-19 pandemic is expected to have a favorable effect on the industry. The COVID-19 pandemic has doubled or tripled the need for contact center work for many healthcare professionals. In order to expedite the onboarding of remote contact center employees, a number of these centers are turning to automation. These factors affected the robotic process automation market growth.
Organizations are finding that handling complicated data and information and automating business processes calls for these kinds of solutions more and more. To streamline their corporate operations, major industry participants are integrating cutting-edge technologies including cloud, AI, ML, and cognitive technologies. These AI and cloud-based systems identify tasks, identify the best workflows on their own, and recommend self-regulating routes for companies. Businesses are creating RPA software and solutions based on the cloud and AI. These factors affected the robotic process automation market share.
Whether via chatbots, RPA, or other digital assistants, intelligent bots are gradually proliferating throughout the data ecosystem. These bots are increasingly capable of performing a wider range of jobs. A lot of knowledge workers think chatbots are outdated, template-based versions of what bots can achieve, especially with the rise of digital assistants like Siri and Alexa in both personal and professional settings.
Comprehensive Analysis of Robotic Process Automation Market
The market is split into software and services segments based on component types. The market can be classified as rule-based or knowledge-based based on how it operates. Application-wise, the market is divided into segments for analysis, customer assistance, administration and reporting, data migration and capture extraction, and other areas. The market is divided into segments for retail, the manufacturing and logistics sector, IT and telecom, BFSI, healthcare, hotels, and others (government, education, travel & transportation).
North America is expected to be the leading region of this particular product market and is anticipated to to grow over the forecasted period and also will continue to hold the largest market share.The region is proliferating in this particular market because autonomous, cutting-edge technologies like artificial intelligence (AI) and machine learning are becoming more and more popular.
Moderate market fragmentation exists. A few market players have been attributing this particular product market growth and share systems overall. Automation Anywhere (U.S.), Blue Prism Group PLC (U.K.), UiPath Inc. (U.S.), Microsoft Corporation (U.S.), and Nice Systems Ltd. (Israel)are some of the major competitors of this particular product market.
In May 2021, A special product was launched by the most known market player of this market. To encourage the use of industrial bots, Automation Anywhere Inc. introduced a cloud-based robotic process automation solution. It is possible to scale, install, and administer Automation Anywhere Inc.'s applications on a server. This particular company has shown an commendable progress during the forecast period which has attributed the market growth.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 20.3% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Component, By Operation, By Application, By Industry, and By Region
By Component Software
Services
By Operation Rule-Based
Knowledge-Based
By Application Administration and Reporting
Customer Support
Data Migration & Capture Extraction
Analysis
Others (Compliance, Strategy)
By Industry Retail
Manufacturing and Logistics Industry
BFSI
Healthcare
IT and Telecom
Hospitality
Others (Education, Travel & Transportation, Government)
By Region North America (By Component, By Operation, By Application, By Industry, and By Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
South America (By Component, By Operation, By Application, By Industry, and By Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America
Europe (By Component, By Operation, By Application, By Industry, and By Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- Benelux (By Application)
- Nordics (By Application)
- Rest of Europe
Middle East & Africa (By Component, By Operation, By Application, By Industry, and By Country)
- Turkey (By Application)
- Israel (By Application)
- GCC (By Application)
- South Africa (By Application)
- North Africa (By Application)
- Rest of the Middle East & Africa
Asia Pacific (By Component, By Operation, By Application, By Industry, and By Country)
China (By Application)
Japan (By Application)
India (By Application)
South Korea (By Application)
ASEAN (By Application)
Oceania (By Application)
Rest of Asia Pacific
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Table of Contents
169 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Key Industry Developments – Mergers, Partnerships, and Collaborations
- 4.2. Porters Five Forces Analysis
- 4.3. Technological Developments
- 4.4. Impact of COVID-19
- 5. Global Automotive Air Filters Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definitions
- 5.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.2.1. Passenger Cars
- 5.2.2. Light Commercial Vehicles
- 5.2.3. Heavy Commercial Vehicles
- 5.3. Market Analysis, Insights and Forecast – By Product Type
- 5.3.1. Air Intake Filters
- 5.3.2. Cabin Air Filters
- 5.4. Market Analysis, Insights and Forecast – By End-User
- 5.4.1. OEM
- 5.4.2. Aftermarket
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia-Pacific
- 5.5.4. Rest of the world
- 6. North America Automotive Air Filters Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.1.1. Passenger Cars
- 6.1.2. Light Commercial Vehicles
- 6.1.3. Heavy Commercial Vehicles
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Air Intake Filters
- 6.2.2. Cabin Air Filters
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. OEM
- 6.3.2. Aftermarket
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.1.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.4.1.2. Market Analysis, Insights and Forecast – By Product Type
- 6.4.1.3. Market Analysis, Insights and Forecast – By End-User
- 6.4.2. Canada
- 6.4.2.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.4.2.2. Market Analysis, Insights and Forecast – By Product Type
- 6.4.2.3. Market Analysis, Insights and Forecast – By End-User
- 6.4.3. Mexico
- 6.4.3.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.4.3.2. Market Analysis, Insights and Forecast – By Product Type
- 6.4.3.3. Market Analysis, Insights and Forecast – By End-User
- 7. Europe Automotive Air Filters Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.1.1. Passenger Cars
- 7.1.2. Light Commercial Vehicles
- 7.1.3. Heavy Commercial Vehicles
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Air Intake Filters
- 7.2.2. Cabin Air Filters
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. OEM
- 7.3.2. Aftermarket
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. U.K.
- 7.4.1.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.4.1.2. Market Analysis, Insights and Forecast – By Product Type
- 7.4.1.3. Market Analysis, Insights and Forecast – By End-User
- 7.4.2. Germany
- 7.4.2.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.4.2.2. Market Analysis, Insights and Forecast – By Product Type
- 7.4.2.3. Market Analysis, Insights and Forecast – By End-User
- 7.4.3. France
- 7.4.3.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.4.3.2. Market Analysis, Insights and Forecast – By Product Type
- 7.4.3.3. Market Analysis, Insights and Forecast – By End-User
- 7.4.4. Rest of Europe
- 7.4.4.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.4.4.2. Market Analysis, Insights and Forecast – By Product Type
- 7.4.4.3. Market Analysis, Insights and Forecast – By End-User
- 8. Asia Pacific Automotive Air Filters Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.1.1. Passenger Cars
- 8.1.2. Light Commercial Vehicles
- 8.1.3. Heavy Commercial Vehicles
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Air Intake Filters
- 8.2.2. Cabin Air Filters
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. OEM
- 8.3.2. Aftermarket
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.1.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.1.2. Market Analysis, Insights and Forecast – By Product Type
- 8.4.1.3. Market Analysis, Insights and Forecast – By End-User
- 8.4.2. Japan
- 8.4.2.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.2.2. Market Analysis, Insights and Forecast – By Product Type
- 8.4.2.3. Market Analysis, Insights and Forecast – By End-User
- 8.4.3. India
- 8.4.3.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.3.2. Market Analysis, Insights and Forecast – By Product Type
- 8.4.3.3. Market Analysis, Insights and Forecast – By End-User
- 8.4.4. South Korea
- 8.4.4.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.4.2. Market Analysis, Insights and Forecast – By Product Type
- 8.4.4.3. Market Analysis, Insights and Forecast – By End-User
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.5.2. Market Analysis, Insights and Forecast – By Product Type
- 8.4.5.3. Market Analysis, Insights and Forecast – By End-User
- 9. Rest of The World Automotive Air Filters Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.1.1. Passenger Cars
- 9.1.2. Light Commercial Vehicles
- 9.1.3. Heavy Commercial Vehicles
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Air Intake Filters
- 9.2.2. Cabin Air Filters
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. OEM
- 9.3.2. Aftermarket
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Ranking Analysis (2023)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles
- 10.5.1. Mann+Hummel GmbH (Germany)
- 10.5.1.1. Overview
- 10.5.1.2. Products & Services
- 10.5.1.3. SWOT Analysis
- 10.5.1.4. Recent Developments
- 10.5.1.5. Strategies
- 10.5.1.6. Financials (Based on Availability)
- 10.5.2. K&N Engineering, Inc. (U.S.)
- 10.5.2.1. Overview
- 10.5.2.2. Products & Services
- 10.5.2.3. SWOT Analysis
- 10.5.2.4. Recent Developments
- 10.5.2.5. Strategies
- 10.5.2.6. Financials (Based on Availability)
- 10.5.3. Denso Corporation (Japan)
- 10.5.3.1. Overview
- 10.5.3.2. Products & Services
- 10.5.3.3. SWOT Analysis
- 10.5.3.4. Recent Developments
- 10.5.3.5. Strategies
- 10.5.3.6. Financials (Based on Availability)
- 10.5.4. Donaldson Company, Inc. (U.S.)
- 10.5.4.1. Overview
- 10.5.4.2. Products & Services
- 10.5.4.3. SWOT Analysis
- 10.5.4.4. Recent Developments
- 10.5.4.5. Strategies
- 10.5.4.6. Financials (Based on Availability)
- 10.5.5. Robert Bosch GmbH (Germany)
- 10.5.5.1. Overview
- 10.5.5.2. Products & Services
- 10.5.5.3. SWOT Analysis
- 10.5.5.4. Recent Developments
- 10.5.5.5. Strategies
- 10.5.5.6. Financials (Based on Availability)
- 10.5.6. Cummins, Inc. (U.S.)
- 10.5.6.1. Overview
- 10.5.6.2. Products & Services
- 10.5.6.3. SWOT Analysis
- 10.5.6.4. Recent Developments
- 10.5.6.5. Strategies
- 10.5.6.6. Financials (Based on Availability)
- 10.5.7. Hengst SE (Germany)
- 10.5.7.1. Overview
- 10.5.7.2. Products & Services
- 10.5.7.3. SWOT Analysis
- 10.5.7.4. Recent Developments
- 10.5.7.5. Strategies
- 10.5.7.6. Financials (Based on Availability)
- 10.5.8. Parker Hannifin Corporation (U.S.)
- 10.5.8.1. Overview
- 10.5.8.2. Products & Services
- 10.5.8.3. SWOT Analysis
- 10.5.8.4. Recent Developments
- 10.5.8.5. Strategies
- 10.5.8.6. Financials (Based on Availability)
- 10.5.9. Ahlstrom Corporation (Finland)
- 10.5.9.1. Overview
- 10.5.9.2. Products & Services
- 10.5.9.3. SWOT Analysis
- 10.5.9.4. Recent Developments
- 10.5.9.5. Strategies
- 10.5.9.6. Financials (Based on Availability)
- 10.5.10. Lydall Inc. (U.S.)
- 10.5.10.1. Overview
- 10.5.10.2. Products & Services
- 10.5.10.3. SWOT Analysis
- 10.5.10.4. Recent Developments
- 10.5.10.5. Strategies
- 10.5.10.6. Financials (Based on Availability)
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