Robotic Process Automation Market New Technology, Future Trend, Demand, Scope, Business Share, Growth Size, Opportunity and Global Forecast to 2027 | Pegasystems, Kofax, NTT Advanced Technology Corporation, Redwood Software
Robotic Process Automation Market New Technology, Future Trend, Demand, Scope, Business Share, Growth Size, Opportunity and Global Forecast to 2027 | Pegasystems, Kofax, NTT Advanced Technology Corporation, Redwood Software
Robotic Process Automation Marketin terms of revenue was worth of USD 2715.75 Million in 2020 and is expected to reach USD 18339.95 Million in 2027, growing at a CAGR of 31.07% from 2020 to 2027″. The global robotic process automation market is expected to grow at significant growth rate due to number of driving factors.
Increasing application for business process automation (BPA) through the use of artificial intelligence (AI) and software robots, growing industrial adoption of digital technology and innovative new technologies are the major driving factors for robotic process automation market.
Market Key Players:
Some major key players for global robotic process automation market are UiPath, Automation Anywhere Inc., NICE, Blue Prism, Celaton Ltd., Pegasystems, Kofax, NTT Advanced Technology Corporation, Redwood Software, Genpact Ltd, EdgeVerve, IPsoft Inc. Verint Systems Inc., Xerox Corporation and others.
Scope of Robotic Process Automation Market Report:
Robotic process automation (RPA) is the application of software robots or artificial intelligence (AI) to automate repetitive routine tasks mainly performed manually is skilled workers. These RPA systems develops action list by observing the user perform that task in the applications graphical user interface (GUI), then perform automation by repeating those tasks directly in GUI. This in turn lowers the barrier to application of automation in products that may not able to be used through application programming interfaces (APIs). This permits any developer to configure computer software or a robot to match and integrate actions of human using digital systems. RPA robots use the user interface to capture data and manipulate applications. They interpret, trigger responses and communicate with other systems by which they able to perform variety of repetitive tasks.
Robotic Process Automation market report is segmented based on type, process, and application and by regional & country level. Based on type, global robotic process automation market is classified as software and service. Based upon process, global robotic process automation market is classified into automated solution, decision support & management solution, and interaction solution. Based upon application, global robotic process automation market is classified into bfsi, manufacturing, pharma & healthcare, retail, Telecom & IT and others.
Robotic Process Automation Market Dynamics:
Increasing application for business process automation (BPA) through the use of artificial intelligence (AI) and software robots, growing industrial adoption of digital technology and innovative new technologies are the major driving factors for robotic process automation market.
Main advantage of RPA is it permits enterprises to automate at low cost and less time compared to previous system. Other than that, it is non-intrusive in nature and controls the existing infrastructure without making disruption to original systems, which would be difficult and costly to replace, which in turn attracts the end users to use RPA systems instead of other systems. It is estimated that more than 50 percent of business enterprises have adopted RPA system and in another 5 years it is going to be saturated and is currently fastest growing enterprise software due to its usefulness.
According to The National Association of Software and Services Companies (NASSCOM), RPA implementation can help companies with a “cost reduction of 35-65 per cent for onshore process operations and 10-30 per cent in offshore delivery and an investment recovery period as short as 6-9 months. Additionally, according to the Institute for Robotic Process Automation, an RPA software robot costs only one-third the price of an offshore full-time employee (FTE) and one one-fifth the price of an onshore worker. Other than that, an RPA software robot is capable of performing a list of more than 600 actions in a given sequence, which helps the employees to utilize their time in more productive work of a business. RPA is used in many industries, but the main users of this system are banks, insurance companies, telcos and utility companies. As the number of usability are being explored for many other applications in varied industries, the RPA market is expected to have high growth rate in forecasting period. However, the length of time to install robotic automations and the amount of maintenance required to keep them running are restraining the market up to some extent.
The report enhances the decision making capabilities and helps to create an effective counter strategies to gain competitive advantage:
Demand Side and Supply Side Perspective and analysis
Report Overview: It includes major players of the global Robotic Process Automation market covered in the research study, research scope, and market segments by type, market segments by application, years considered for the research study, and objectives of the report.
Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the global Robotic Process Automation market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Robotic Process Automation market are discussed.
Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.
Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.
Market Size by Application: Besides an overview of the global Robotic Process Automation market by application, it gives a study on the consumption in the global Robotic Process Automation market by application.
About US:
Brandessence Market Research and Consulting Pvt ltd
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London
Vitamin B3 Market is valued around USD 315.2 Million in 2020 and expected to reach USD 379.8 Million by 2027 with the CAGR of 2.7% over the forecast period.
Hummus Market is valued at USD 4361.5 Million in 2020 and expected to reach USD 7378.5 Million by 2027 with a CAGR of 7.8% over the forecast period.
E-Waste Management market in terms of revenue was estimated to be USD 33.58 Billion in 2017 and is expected to reach USD 102.46 Billion in 2026, growing at a CAGR of 11.8% from 2020 to 2026.
Market Overview:
Robotic Process Automation Marketin terms of revenue was worth of USD 2715.75 Million in 2020 and is expected to reach USD 18339.95 Million in 2027, growing at a CAGR of 31.07% from 2020 to 2027″. The global robotic process automation market is expected to grow at significant growth rate due to number of driving factors.
Increasing application for business process automation (BPA) through the use of artificial intelligence (AI) and software robots, growing industrial adoption of digital technology and innovative new technologies are the major driving factors for robotic process automation market.
Market Key Players:
Some major key players for global robotic process automation market are UiPath, Automation Anywhere Inc., NICE, Blue Prism, Celaton Ltd., Pegasystems, Kofax, NTT Advanced Technology Corporation, Redwood Software, Genpact Ltd, EdgeVerve, IPsoft Inc. Verint Systems Inc., Xerox Corporation and others.
Scope of Robotic Process Automation Market Report:
Robotic process automation (RPA) is the application of software robots or artificial intelligence (AI) to automate repetitive routine tasks mainly performed manually is skilled workers. These RPA systems develops action list by observing the user perform that task in the applications graphical user interface (GUI), then perform automation by repeating those tasks directly in GUI. This in turn lowers the barrier to application of automation in products that may not able to be used through application programming interfaces (APIs). This permits any developer to configure computer software or a robot to match and integrate actions of human using digital systems. RPA robots use the user interface to capture data and manipulate applications. They interpret, trigger responses and communicate with other systems by which they able to perform variety of repetitive tasks.
Robotic Process Automation market report is segmented based on type, process, and application and by regional & country level. Based on type, global robotic process automation market is classified as software and service. Based upon process, global robotic process automation market is classified into automated solution, decision support & management solution, and interaction solution. Based upon application, global robotic process automation market is classified into bfsi, manufacturing, pharma & healthcare, retail, Telecom & IT and others.
Robotic Process Automation Market Dynamics:
Increasing application for business process automation (BPA) through the use of artificial intelligence (AI) and software robots, growing industrial adoption of digital technology and innovative new technologies are the major driving factors for robotic process automation market.
Main advantage of RPA is it permits enterprises to automate at low cost and less time compared to previous system. Other than that, it is non-intrusive in nature and controls the existing infrastructure without making disruption to original systems, which would be difficult and costly to replace, which in turn attracts the end users to use RPA systems instead of other systems. It is estimated that more than 50 percent of business enterprises have adopted RPA system and in another 5 years it is going to be saturated and is currently fastest growing enterprise software due to its usefulness.
According to The National Association of Software and Services Companies (NASSCOM), RPA implementation can help companies with a “cost reduction of 35-65 per cent for onshore process operations and 10-30 per cent in offshore delivery and an investment recovery period as short as 6-9 months. Additionally, according to the Institute for Robotic Process Automation, an RPA software robot costs only one-third the price of an offshore full-time employee (FTE) and one one-fifth the price of an onshore worker. Other than that, an RPA software robot is capable of performing a list of more than 600 actions in a given sequence, which helps the employees to utilize their time in more productive work of a business. RPA is used in many industries, but the main users of this system are banks, insurance companies, telcos and utility companies. As the number of usability are being explored for many other applications in varied industries, the RPA market is expected to have high growth rate in forecasting period. However, the length of time to install robotic automations and the amount of maintenance required to keep them running are restraining the market up to some extent.
The report enhances the decision making capabilities and helps to create an effective counter strategies to gain competitive advantage:
Demand Side and Supply Side Perspective and analysis
Report Overview: It includes major players of the global Robotic Process Automation market covered in the research study, research scope, and market segments by type, market segments by application, years considered for the research study, and objectives of the report.
Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the global Robotic Process Automation market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Robotic Process Automation market are discussed.
Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.
Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.
Market Size by Application: Besides an overview of the global Robotic Process Automation market by application, it gives a study on the consumption in the global Robotic Process Automation market by application.
About US:
Brandessence Market Research and Consulting Pvt ltd
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London
Vitamin B3 Market is valued around USD 315.2 Million in 2020 and expected to reach USD 379.8 Million by 2027 with the CAGR of 2.7% over the forecast period.
Hummus Market is valued at USD 4361.5 Million in 2020 and expected to reach USD 7378.5 Million by 2027 with a CAGR of 7.8% over the forecast period.
E-Waste Management market in terms of revenue was estimated to be USD 33.58 Billion in 2017 and is expected to reach USD 102.46 Billion in 2026, growing at a CAGR of 11.8% from 2020 to 2026.
