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Global Robotic Process Automation Market 2017-2021

Global Robotic Process Automation Market 2017-2021

About Robotic Process Automation

The robotic process automation is defined as an automated system that can carry out rule-based and repetitive tasks without human intervention. RPA has an advantage of an automatic and regular software update that is carried out to prevent any delays in the execution of business processes. Business operations that are labor-intensive, require on-shore and off-shore man-power, regular training related to advanced models, and deputations of skilled manpower in business areas where robotic process automation software is implemented to optimize the cost.

Technavio’s analysts forecast the global robotic process automation market to grow at a CAGR of 25.19% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global robotic process automation market for 2017-2021. To calculate the market size, the report considers the installation of RPA software, maintenance and services in the case of operating system breakdown, and reinstallation of RPA software.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Robotic Process Automation Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Accenture
  • Cognizant
  • Deloitte
  • IBM
Other prominent vendors
  • Automation Anywhere
  • Blue Prism
  • EdgeVerve Systems (Part of Infosys)
  • EnableSoft
  • Kofax
  • Kryon Systems
  • NICE
  • Redwood
  • Softomotive
  • THOUGHTONOMY
  • UiPath
  • WorkFusion
Market driver
  • Improved cost savings for businesses
  • For a full, detailed list, view our report
Market challenge
  • Subscription cost of robotic process automation software
  • For a full, detailed list, view our report
Market trend
  • Emerging trends in business process transformation
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Robotic Process Automation Market 2017-2021

Technavio recognizes the following companies as the key players in the global robotic process automation market: Accenture, Cognizant, Deloitte, and IBM

Other Prominent Vendors in the market are: Automation Anywhere, Blue Prism, EdgeVerve Systems (Part of Infosys), EnableSoft, Kofax, Kryon Systems, NICE, Redwood, Softomotive, THOUGHTONOMY, UiPath, and WorkFusion.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emerging trends in business process transformation. Presently, businesses are focused on more client-centric processes rather being fixated only about productivity and generating profits. Therefore, there have been changes witnessed in the way the businesses are operating. The primary focus of industries is to reduce human error that is mostly due to the judgment based decisions and approaches. To phase out such errors from business operations, industries are now adopting robotic process automation solution. Few features identified that are now a trend in business operations as industries are more vigilant and focused on quality.”

According to the report, one of the major drivers for this market is Improved cost savings for businesses. Robotic process automation is a cost-effective software that allows industries to reduce the operational cost. For business processes that are highly standardized and to be adhered as per the industry and company policies, the RPA is incorporated at different levels. Industries are focused on optimizing operational cost that includes the reduction of manual labor. The implementation of RPA is a one-time investment and ensures a high return on investments.

Further, the report states that one of the major factors hindering the growth of this market is Subscription cost of robotic process automation software. Industries are working on different pricing models that involve various ways of employee hiring and revenue generation. The implementation of RPA software is incorporated to reduce the manpower and generate error-proof data. The implementation of RPA software involves the price quoted by the third-party vendor for RPA. Therefore, the subscription of RPA involves scheduled software updates and maintenance and pricing of RPA based on the business model implementation. Before entering a contract, several regulatory terms and conditions need to be settled between the end-user and software provider, which at times can increase the subscription cost or the cost incurred in design and development. In the case of conflict, the subscription negotiation will have to be renewed or the business model has to be changed. Both the processes are time-intensive and would lead to downtime, ultimately affecting the business process and productivity.

Companies Mentioned

Accenture, Cognizant, Deloitte, IBM, Automation Anywhere, Blue Prism, EdgeVerve Systems (Part of Infosys), EnableSoft, Kofax, Kryon Systems, NICE, Redwood, Softomotive, THOUGHTONOMY, UiPath, and WorkFusion.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Objectives of robotic process automation
  • Market landscape
    • Market overview
      • Table Global robotic process automation market
      • Table Cost-benefit analysis of robotic process automation and manual business management
    • Global robotic process automation market
      • Table Global robotic process automation market 2016-2021 ($ millions)
      • Table Major benefits attained through RPA implementation
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global robotic process automation market by end-user 2016 (% revenue)
    • Global robotic process automation in banking and financial services industry
      • Table Global robotic process automation market in banking and financial services industry 2016-2021 ($ millions)
      • Table Global robotic process automation market in banking and financial services industry- Year-over-year growth 2017-2021
      • Table Opportunities for RPA in banking and financial services industry
    • Global robotic process automation in IT/ITES industry
      • Table Global robotic process automation market in IT/ITES industry 2016-2021 ($ millions)
      • Table Global robotic process automation market in IT/ITES industry- Year-over-year growth 2017-2021
      • Table Opportunities for RPA in IT/ITES industry
    • Global robotic process automation in telecom industry
      • Table Global robotic process automation market in telecom industry 2016-2021 ($ millions)
      • Table Global robotic process automation market in telecom industry- Year-over-year growth 2017-2021
      • Table Opportunities for RPA in telecom industry
    • Global robotic process automation in logistics industry
      • Table Global robotic process automation market in logistics industry 2016-2021 ($ millions)
      • Table Global robotic process automation market in logistics industry- Year-over-year growth 2017-2021
      • Table Opportunities for RPA in logistics industry
    • Global robotic process automation in manufacturing industry
      • Table Global robotic process automation market in manufacturing industry 2016-2021 ($ millions)
      • Table Global robotic process automation market in manufacturing industry- Year-over-year growth 2017-2021
      • Table Opportunities for RPA in manufacturing industry
    • Global robotic process automation in healthcare industry
      • Table Global robotic process automation market in healthcare industry 2016-2021 ($ millions)
      • Table Global robotic process automation market in healthcare industry- Year-over-year growth 2017-2021
      • Table Opportunities for RPA in healthcare industry
  • Regional landscape
    • Geographical segmentation
      • Table Geographical segmentation
    • Regional comparison
      • Table Regional comparison
    • Robotic process automation market in Americas
      • Table Americas - Market size and forecast
      • Table Americas - Year-over-year growth
      • Table Top 3 countries in Americas
    • Robotic process automation in US
    • Robotic process automation in Canada
    • Robotic process automation in Mexico
    • Robotic process automation market in EMEA
      • Table EMEA - Market size and forecast
      • Table EMEA - Year-over-year growth
      • Table Top 3 countries in EMEA
    • Robotic process automation in Germany
    • Robotic process automation in UK
    • Robotic process automation in France
    • Robotic process automation market in APAC
      • Table APAC - Market size and forecast
      • Table APAC - Year-over-year growth
      • Table Top 3 countries in APAC
    • Robotic process automation in China
    • Robotic process automation in Japan
    • Robotic process automation in Singapore
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emerging trends in business process transformation
    • Digitizing business processes
    • Standardization of service delivery
  • Vendor landscape
    • Competition overview
      • Table Vendor's capabilities taken into consideration before RPA implementation
      • Table Impact of competitors on global robotic process automation market 2016 and 2021
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Accenture
      • Table Accenture business overview
      • Table Recent developments
    • Cognizant
      • Table Industry expertise
      • Table Recent development
    • Deloitte
      • Table Recent developments
    • IBM
      • Table Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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