Global Robotic Process Automation Market is expected to grow from US$ 198.4 million in 2017 to US$ 6869.6 million by 2025 at a CAGR of 55.5% between 2018 and 2025.
The key players of Robotic Process Automation Market include Blue Prism Group Plc., WorkFusion, UiPath, Thoughtonomy Ltd., NICE Ltd., Automation Anywhere Inc., Softomotive, Pegasystems Inc., Redwood Software, and Kryon Systems includes and among others.
North America is one of the prominent regions in Robotic Process Automation Market which will contribute the highest revenue globally due to technological developments and considerable application of RPA in different business functions. Rapidly growing economies in Asia-Pacific (APAC) with significant growth construction sector will pave the path for increasing adoption and propel the market for Robotic Process Automation Market. The APAC region is expected to lead the market with highest CAGR during the forecast period.
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RPA is a technology where robots are the software tools that automate business process delivery. This software facilitates improvised data security, business efficiency, and effectiveness by impersonating human activities and automating routine processes across varied business functions without hampering the on-going system and infrastructure.
RPA software comprises of a variety of components and tools for capturing digital data, which further includes digital image recognition, screen scraping. It might also consider a potential to be linked or attain an access to the server or a website. In addition, this software also uses some of the functions that are similar business process management tools like rule engine. RPA software is particularly useful for organizations that have many different, complicated systems that are required to interact together effortlessly.
The Robotic Process Automation Market report focuses on an in-depth segmentation of this market based on components, services, and verticals. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By verticals segment telecommunication and BFSI accounted for the largest share of the RPA market in 2017; whereas, Asia Pacific region is expected to grow at the highest CAGR during the forecast period.
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The report aims to provide an overview of global Robotic Process Automation Market with detailed market segmentation. Also, it analyzes the current RPA market scenario and forecasts the market until 2025. The report covers market dynamics affecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provides PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
Key Insights Covered:
1. INTRODUCTION 131.1 SCOPE OF THE STUDY 131.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 13
2. KEY TAKEAWAYS 14
3. RPA MARKET LANDSCAPE 163.1 MARKET OVERVIEW 163.2 MARKET SEGMENTATION 173.2.1 RPA Market – By Component 183.2.2 RPA Market – By Services 183.2.3 RPA Market – By Vertical 193.2.4 RPA Market – By Geography 193.3 PEST ANALYSIS 203.3.1 North America PEST Analysis 203.3.2 Europe PEST Analysis 223.3.3 Asia Pacific PEST Analysis 243.3.4 Middle East & Africa PEST Analysis 263.3.5 South America PEST Analysis 28
4. RPA MARKET – KEY INDUSTRY DYNAMICS 304.1 DRIVERS 304.1.1 Increased opportunities arising at the early stage within the BPO & shared services 304.1.2 Cost benefits offered by RPA is a key factor attracting the buyers in the market 304.1.3 Product innovation by the technology providers is driving great interest from the myriad end-user industries 314.2 RESTRAINT 314.2.1 Frequent alterations in operating procedures and business rules impacting the RPA efficiency 314.2.2 Lack of impactful potential for SMBs (Small and Medium Businesses) 314.3 OPPORTUNITY 324.3.1 Cognitive RPA is anticipated to generate noteworthy growth opportunities in the coming years 324.4 FUTURE TRENDS 324.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 33
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5. RPA MARKET – GLOBAL MARKET ANALYSIS 345.1.1 Robotic Process Automation Global Market Overview 345.1.2 RPA – Global Market and Forecast Analysis 34
6. RPA MARKET ANALYSIS – BY COMPONENTS 366.1 OVERVIEW 366.2 COMPONENTS MARKET FORECAST AND ANALYSIS 366.3 SOFTWARE MARKET 376.3.1 Overview 376.3.2 Software Market forecast and analysis 376.4 SERVICE MARKET 386.4.1 Overview 386.4.2 Service market forecast and analysis 386.4.3 Training Services 396.4.3.1 Overview 396.4.3.2 Training Services Market Forecast & Analysis 396.4.4 Professional Services 406.4.4.1 Overview 406.4.4.2 Professional Services Market Forecast & Analysis 406.4.4.2.1 Consulting Services Market Forecast & Analysis 416.4.4.2.2 Integration & Development Services Market Forecast & Analysis 426.4.4.2.3 Support & Maintenance Services Market Forecast & Analysis 43
7. RPA MARKET ANALYSIS – BY END – USER 447.1 OVERVIEW 447.2 END-USER MARKET FORECAST AND ANALYSIS 447.3 BFSI MARKET 457.3.1 Overview 457.3.2 BFSI market forecast and analysis 457.4 RETAIL MARKET 467.4.1 Overview 467.4.2 Retail market forecast and analysis 467.5 TELECOMMUNICATION MARKET 477.5.1 Overview 477.5.2 Telecommunication market forecast and analysis 477.6 MANUFACTURING MARKET 487.6.1 Overview 487.6.2 Manufacturing market forecast and analysis 487.7 TRANSPORTATION & LOGISTICS MARKET 497.7.1 Overview 497.7.2 Transportation & Logistics market forecast and analysis 497.8 OTHERS MARKET 507.8.1 Overview 507.8.2 Others market forecast and analysis 50
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