Robotic Process Automation (RPA) Market Size, Share & Industry Report

Robotic Process Automation Market Synopsis:

Robotic process automation is an application technology where software with capabilities of artificial intelligence and machine learning are used for handling high volume, repeatable tasks. RPA allows employees to configure and program a computer software or a robot to interpret exiting application in the organization for manipulating data, processing transactions and communicating with digital systems. The RPA is similar to traditional IT automation but the major difference between these technologies is, RPA is capable of learning itself and adaptive to changing circumstances which a traditional IT automation system lacks.

According to the study, healthcare and pharmaceutical industry is expected to grow at the highest CAGR. The study indicates banking and financial industry accounts for large adoption of RPA. In robotic process automation market by type segment, tools acquire for largest market share. High efficiency with low cost are few of the major factors driving the market of RPA. Whereas complex pricing model while implementation and dealing with clients is one of major challenge to the market.

Robotic process automation market is segmented on the basis of operations that includes rule based and knowledge based operations. The knowledge based operations offers a new framework for efficient decision making process in logistics and warehouse industries. It enable users by offering interactive monitoring and optimization in the flow of logistics activities using hybrid techniques.

The robotic process automation (RPA) market size is expected to grow at approximately USD 2,700 Million by 2023, at 29% of CAGR between 2017 and 2023.

Regional Analysis:

The regional analysis of robotic process automation market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America region accounts for largest share in robotic process automation market owing to high development in field of technology and presence of developed countries. Europe is one of the prominent player in the market of robotic process automation. Countries such as U.K., Germany and Italy are the major contributors in the market growth due to the rich manufacturing and automotive industry. Asia-Pacific is expected to emerge as fastest growing market during the forecast period. Development of Asian countries and demand for consumer electronic products is forcing the manufacturers to adopt a cost effective technology in the manufacturing process.

Market Objectives:

  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the market.
  • To provide insights about factors affecting the market growth.
  • To analyze the RPA market based on porter’s five force analysis etc.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
  • To provide country level analysis of the market with respect to the current market size and future prospective.
  • To provide country level analysis of the market for segment on the basis of process, operations, type and industry.
  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the robotic process automation market.

Key Players:

The prominent players in the robotic process automation market are – Automation Anywhere (U.S.), Blue Prism (U.K.), Celaton Ltd (U.K.), Ipsoft (U.S.), Nice Systems Ltd. (Israel), Pegasystems (U.S.), Redwood Software (U.S.), Uipath (Romania), Verint (U.S.), Xerox Corporation (U.S.), among others.

Segments:

Robotic Process Automation Market for segment on the basis of process, operations, type and industry.

RPA Market by Process:

  • Automated Solution
  • Decision Support And Management Solution
  • Interaction Solution

RPA Market by Operations:

  • Spend Analysis
  • E-Sourcing
  • E-Procurement
  • Contract Management
  • Supplier Management

RPA Market by Type:

  • Tools
  • Services
  • Travel & Logistics

RPA Market by Industry:

  • BFSI
  • Healthcare & Pharmaceuticals
  • Manufacturing & Logistics
  • IT & Telecommunication
  • Retail
  • Travel
  • Hospitality
  • Transportation
  • Others

Intended Audience

  • Investors and consultants
  • System Integrators
  • Government Organizations
  • Research/Consultancy firms
  • Technology solution providers
  • IT Solution Providers
  • Supply Chain & Logistics Organizations
  • Original Equipment Manufacturers
  • Healthcare & Pharmaceutical Industry

Frequently Asked Questions (FAQ) :


As per MRFR analysis, the global robotic process automation market is likely to thrive at 29% of CAGR during the forecast period (2017-2023).

North America is likely to lead the global robotic process automation market due to technological upgradation and deployment of robotic process automation solutions across verticals in the region.

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