Robotic
Process Automation industry analysis is covered in this latest research
report that aims to help those taking daily business decisions by providing
market trends information, competitive landscape scenario, forecasts and more.
Robotic
Process Automation (RPA) Market size is set to exceed USD 5 billion by 2024; as
per a new research report by Global Market Insights, Inc.
The
growing adoption of RPA technology by organizations to enhance their
capabilities, performance and reduce operational costs is expected to drive the
Robotic process automation market growth over the forecast timeline. In order
to gain ease of the processes, organizations are increasingly deploying these
solutions with the traditional business processes. Surge in demand to eliminate
manual interference in simplified and time-consuming business processes is
predicted to increase the technology adoption rate.
Robotic
process automation market has a huge potential to transform the way
organizations operate and support various business processes. Surging eminence
of BPM solutions led to rising need of automating the operations by small &
medium businesses to stay ahead of the competition. Factors such as capability
of the technology to offer increased control over the processes and perform
high-volume routine tasks without human intervention, contributes significantly
to the RPA market growth. Rising awareness associated with the benefits of the
solutions among various organizations such as high level of accuracy and
efficiency provide impetus to the demand for Robotic process automation market
solutions.
Request for
a sample of this research report @ https://www.gminsights.com/request-sample/detail/2035
Lack of technical expertise
associated with the deployment and integration might hinder the RPA market
growth. Moreover, less potential of such solutions to grow in the knowledge
based business operations is expected to curb the industry demand. Continuity
in the business processes, ROI and practical implications are among the major
concerns related to the technology implementation. Unwillingness of employees
to make a transition from traditional business processes to automated business
processes coupled with the lack of awareness will also pose a challenge to the
adoption.
Increasing demand from organizations
to automate the business processes such as handling customer enquiries is
leading to the significant growth of automated solutions demand. Adoption of
such automated solutions helps organizations to streamline the business
operations and focus on their core competencies. Automation of monotonous tasks
such as timesheets & proposal submissions eliminates the work load on
production team results in increased productivity and fueling the
organization’s competitiveness.
To bridge the gap between largely
backed digital transformation projects, the IT & telecom sector is expected
to witness high growth in the Robotic process automation market. With a virtual
workforce that streamlines the traditional business processes, RPA can
accomplish this leading the valuable company resources to focus on more
important work. The BFSI industry is expected to witness highest adoption of
RPA solutions, which can be attributed to the accuracy, efficiency offered by
such systems in terms of costs, providing a quick way to address the regulatory
compliance issues by bridging the connection between the BPM and ERP systems.
Europe Robotic process automation
market is anticipated to witness significant growth over the forecast timeline.
This can be attributed to the presence of large number of logistics and
manufacturing companies in the region. The technology helps in rationalizing
the pickup & drop operations in order to obtain eminent advancement in the
cycle time and enhance the customer experience. Owing to the increasing need
for customer support across various industry verticals such as BFSI, IT &
telecommunication, government and insurance, the RPA market has significant
potential to grow in Australia.
Companies operating in the industry
include Xerox Corporation, Blue Prism, Nice Systems Ltd., Automation Anywhere,
Ipsoft, Celaton Ltd., Pegasystems, Redwood Software, Uipath and Verint. The
industry is currently witnessing heavy investments in technology by various
players to gain high ROI. Moreover, they increasingly focusing on improving the
offerings to meet the rising demand of automation processes.
RPA market research report includes in-depth coverage
of the industry with estimates & forecast in terms of revenue in USD
from 2013 to 2024, for the following segments:
Robotic process automation market, By Service
- Training
& consulting
- Professional
service
Robotic process automation market, By Tools
- Model-based
- Process-based
Robotic process automation market, By Organization
Size
- SMBs
- Large
enterprises
Robotic process automation market, By Solution
- Automated
- Decision
& management support
- Interaction
Robotic process automation market, By Operation
- Rule-based
- Knowledge-based
Robotic process automation market, By Application
- BFSI
- Telecom
& IT
- Healthcare
- Manufacturing
- Retail
- Transportation
- Others
The above information has been provided for the
following regions and countries:
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Asia
Pacific
- China
- India
- Japan
- Australia
- Malaysia
- Singapore
- Latin
America
- Brazil
- Mexico
- Middle
East
- South
Africa
- Saudi
Arabia
- UAE
Browse key industry
insights spread across 190 pages with 179 market data tables & 20 figures
& charts from the report, Robotic
Process Automation (RPA) Market in detail along with the table of contents:
About Global Market Insights
Global Market Insights, Inc., headquartered in
Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting
services. Our business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
Contact Us:
Arun
HegdeCorporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter
