Robotic Process Automation (RPA) Market

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Robotic Process Automation (RPA) Market Overview

The report is titled as ‘Robotic Process Automation (RPA) Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the Robotic Process Automation (RPA) market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The Robotic Process Automation (RPA) market is expected to grow at a significant rate in the near future.

The global Robotic Process Automation (RPA) market is estimated to reach at a value of US$ 1.6 Bn by the end of 2020 and expected to reach at a value of US$ 6.9 Mn by 2028 with a significant CAGR of 19.9%.

Robotic Process Automation (RPA) Introduction

Robotic process automation (RPA), more commonly known as smart automation or intelligent automation, can be perceived as advanced technologies that can be prioritized to accomplish a string of tasks, including triggering responses, data manipulation, and generating crucial communication with other systems and processes, which originally required human intervention. RPA consists of two distinct types - automation of regular office work and automation of modern intelligent processes via mediums such as Artificial Intelligence (AI). To put it in another way, robotic process automation or RPA can be comprehended as the introduction of digital workers in the corporate organization for the purpose to carry out and perform the work that only human workers were formerly considered capable of doing.

In addition to that, the leading players of the global markets are also aiming their attention to improve their offerings, via adding new and advanced attributes, including workload management, credential management, automation lifecycle management, SLA-based automation, and Citrix automation, as well as introducing latest data APIs. These modifications are further projected to attract newer industries that are looking for higher security and operational capabilities.

Robotic Process Automation (RPA) Market Dynamics

The enormous rise in acceptance and adoption of on-premise RPA solutions by organizations across the world that are pursuing to economize costs by turning a huge volume of processes to be automated through robotic process automation or RPA owing to several benefits it has to offer, comprising compliance, improved accuracy, cost-effectiveness, as well as scalability is measurable, which further leaves a positive impact on various financial services such as error reduction and audit savings, is majorly boosting the growth of the global robotic process automation (RPA) market. In addition, businesses and organizations are shifting to RPA solutions in order to have adequate IT support for keeping up with the infrastructure. Such factors positively fuels the demand of RPA in the global market, thus the global market of RPA is projected to grow rapidly in the near future.

Moreover, the rapid emergence and advancements in technologies like machine learning (ML) and artificial intelligence (AI) is also offering numerous growth opportunities for RPA solutions in the years to come, therefore estimated to propel the growth of the global robotic process automation (RPA) market over the forecast period.

In addition to that, subsequent to 1990s, many businesses and firms are increasingly outsourcing their white-collar work to emerging or developing countries across the world, where labor cost is low in order to reduce their additional operational costs. However, there has been a rise in the labor cost of developing countries as well, which compelled the businesses and organisations to incline towards advanced automation technologies.

With the same token, the automation of white-collar work through RPA, employing technologies like robotics and AI is accelerating the efficiency and effectiveness of work. Owing to which, the RPA is witnessing great demand in the global markets in the present-day world, which is further anticipated to give a positive push to the overall growth of the global robotic process automation (RPA) market over the coming years.

However, the employment of RPA solutions initially requires an appropriate infrastructure as well as skilled and experienced workforce to carry out all the processes in a right manner, which is likely to restrain the growth of the global RPA market in the given timeframe.

Robotic Process Automation (RPA) Market Segmentation

The global Robotic Process Automation (RPA) market is segmented on the basis of process, operations, type, industry and region. On the basis of the process, the Robotic Process Automation (RPA) market is segmented into Automated Solution, Decision Support And Management Solution, and Interaction Solution. The operations segment is divided into Spend Analysis, E-Sourcing, E-Procurement, Contract Management, and Supplier Management. Furthermore, the type segment is divided into Tools, Services, and Travel & Logistics. On the basis of industry, the market is bifurcated into BFSI, Healthcare & Pharmaceuticals, Manufacturing & Logistics, IT & Telecommunication, Retail, Travel, Hospitality, Transportation, and Others.

By Process

Automated Solution

Decision Support and Management Solution

Interaction Solution

By Operations

Spend Analysis

E-Sourcing

E-Procurement

Contract Management

Supplier Management

By Type

Tools

Services

Travel & Logistics

By Industry

BFSI

Healthcare & Pharmaceuticals

Manufacturing & Logistics

IT & Telecommunication

Retail

Travel

Hospitality

Transportation

Others

Robotic Process Automation (RPA) Market Key Players

The global Robotic Process Automation (RPA) market is dominated by Automation Anywhere, Blue Prism, Celaton Ltd, Ipsoft, Nice Systems Ltd., Pegasystems, Redwood Software, Uipath, Verint, Xerox Corporation, among others.

MMC Overview on Robotic Process Automation (RPA) Market Report

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the Robotic Process Automation (RPA) market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Robotic Process Automation (RPA)

Advantages of Robotic Process Automation (RPA)

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.


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1.    Global Robotic Process Automation (RPA) Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Robotic Process Automation (RPA) Market Overview

2.1.    Introduction

2.1.1.    Introduction

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Robotic Process Automation (RPA) Market Snapshot

2.4.    Global Robotic Process Automation (RPA) Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Robotic Process Automation (RPA) Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Robotic Process Automation (RPA) Assessment and Analysis

3.1.    Actions to encourage use of Robotic Process Automation (RPA) Technology

3.2.    Robotic Process Automation (RPA) Promotional Strategy Recommendation

3.3.    Road Map Analysis

3.4.    GAP Analysis

3.5.    Potential Analysis

4.    Covid-19 Impact on Robotic Process Automation (RPA) Market in 2020

5.    Global Robotic Process Automation (RPA) Market, By Process

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Process

5.1.2.    BPS Analysis, By Process

5.2.    Market Revenue (US$Mn) Forecast, By Process

5.2.1.    Automated Solution

5.2.2.    Decision Support and Management Solution

5.2.3.    Interaction Solution

5.3.    Global Robotic Process Automation (RPA) Market Attractiveness Index, By Process

6.    Global Robotic Process Automation (RPA) Market, By Operations

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Operations

6.1.2.    BPS Analysis, By Operations

6.2.    Market Revenue (US$Mn) Forecast, By Operations

6.2.1.    Spend Analysis

6.2.2.    E-Sourcing

6.2.3.    E-Procurement

6.2.4.    Contract Management

6.2.5.    Supplier Management

6.3.    Global Robotic Process Automation (RPA) Market Attractiveness Index, By Operations

7.    Global Robotic Process Automation (RPA) Market, By Type

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Type

7.1.2.    BPS Analysis, By Type

7.2.    Market Revenue (US$Mn) Forecast, By Type

7.2.1.    Tools

7.2.2.    Services

7.2.3.    Travel & Logistics

7.3.    Global Robotic Process Automation (RPA) Market Attractiveness Index, By Type

8.    Global Robotic Process Automation (RPA) Market, By Region

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Region

8.1.2.    BPS Analysis, By Region

8.2.    Market Revenue (US$Mn) Forecast, By Region

8.2.1.    North America

8.2.2.    Latin America

8.2.3.    Europe

8.2.4.    Asia Pacific

8.2.5.    Middle East 

8.2.6.    Africa

8.3.    Global Robotic Process Automation (RPA) Market Attractiveness Index, By Region

9.    North America Robotic Process Automation (RPA) Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market Revenue (US$Mn) Forecast, By Country

9.2.1.    U.S. Robotic Process Automation (RPA) Market

9.2.2.    Canada Robotic Process Automation (RPA) Market

9.3.    North America Robotic Process Automation (RPA) Market, By Process

9.3.1.    Automated Solution

9.3.2.    Decision Support and Management Solution

9.3.3.    Interaction Solution

9.4.    North America Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Operations

9.4.1.    Spend Analysis

9.4.2.    E-Sourcing

9.4.3.    E-Procurement

9.4.4.    Contract Management

9.4.5.    Supplier Management

9.5.    North America Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Type

9.5.1.    Tools

9.5.2.    Services

9.5.3.    Travel & Logistics

9.6.    North America Robotic Process Automation (RPA) Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Process

9.6.3.    By Type

10.    Latin America Robotic Process Automation (RPA) Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    Brazil Robotic Process Automation (RPA) Market

10.2.2.    Mexico Robotic Process Automation (RPA) Market

10.2.3.    Argentina Robotic Process Automation (RPA) Market

10.2.4.    Rest Of Latin America Robotic Process Automation (RPA) Market

10.3.    Latin America Robotic Process Automation (RPA) Market, By Process

10.3.1.    Automated Solution

10.3.2.    Decision Support and Management Solution

10.3.3.    Interaction Solution

10.4.    Latin America Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Operations

10.4.1.    Spend Analysis

10.4.2.    E-Sourcing

10.4.3.    E-Procurement

10.4.4.    Contract Management

10.4.5.    Supplier Management

10.5.    Latin America Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Type

10.5.1.    Tools

10.5.2.    Services

10.5.3.    Travel & Logistics

10.6.    Latin America Robotic Process Automation (RPA) Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Process

10.6.3.    By Type

11.    Europe Robotic Process Automation (RPA) Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    U.K. Robotic Process Automation (RPA) Market

11.2.2.    Germany Robotic Process Automation (RPA) Market

11.2.3.    Italy Robotic Process Automation (RPA) Market

11.2.4.    France Robotic Process Automation (RPA) Market

11.2.5.    Spain Robotic Process Automation (RPA) Market

11.2.6.    Russia Robotic Process Automation (RPA) Market

11.2.7.    Poland Robotic Process Automation (RPA) Market

11.2.8.    BENELUX Robotic Process Automation (RPA) Market

11.2.9.    NORDIC Robotic Process Automation (RPA) Market

11.2.10.    Rest Of Europe Robotic Process Automation (RPA) Market

11.3.    Europe Robotic Process Automation (RPA) Market, By Process

11.3.1.    Automated Solution

11.3.2.    Decision Support and Management Solution

11.3.3.    Interaction Solution

11.4.    Europe Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Operations

11.4.1.    Spend Analysis

11.4.2.    E-Sourcing

11.4.3.    E-Procurement

11.4.4.    Contract Management

11.4.5.    Supplier Management

11.5.    Europe Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Type

11.5.1.    Tools

11.5.2.    Services

11.5.3.    Travel & Logistics

11.6.    Europe Robotic Process Automation (RPA) Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Process

11.6.3.    By Type

12.    Asia Pacific Robotic Process Automation (RPA) Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    China Robotic Process Automation (RPA) Market

12.2.2.    India Robotic Process Automation (RPA) Market

12.2.3.    Japan Robotic Process Automation (RPA) Market

12.2.4.    Australia and New Zealand Robotic Process Automation (RPA) Market

12.2.5.    South Korea Robotic Process Automation (RPA) Market

12.2.6.    ASEAN Robotic Process Automation (RPA) Market

12.2.7.    Rest of Asia Pacific Robotic Process Automation (RPA) Market

12.3.    Asia Pacific Robotic Process Automation (RPA) Market, By Process

12.3.1.    Automated Solution

12.3.2.    Decision Support and Management Solution

12.3.3.    Interaction Solution

12.4.    Asia Pacific Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Operations

12.4.1.    Spend Analysis

12.4.2.    E-Sourcing

12.4.3.    E-Procurement

12.4.4.    Contract Management

12.4.5.    Supplier Management

12.5.    Asia Pacific Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Type

12.5.1.    Tools

12.5.2.    Services

12.5.3.    Travel & Logistics

12.6.    Asia Pacific Robotic Process Automation (RPA) Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Process

12.6.3.    By Type

13.    Middle East Robotic Process Automation (RPA) Market, By Region

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    GCC Countries Robotic Process Automation (RPA) Market

13.2.2.    Israel Robotic Process Automation (RPA) Market

13.2.3.    Rest Of Middle East Robotic Process Automation (RPA) Market

13.3.    Middle East Robotic Process Automation (RPA) Market, By Process

13.3.1.    Automated Solution

13.3.2.    Decision Support and Management Solution

13.3.3.    Interaction Solution

13.4.    Middle East Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Operations

13.4.1.    Spend Analysis

13.4.2.    E-Sourcing

13.4.3.    E-Procurement

13.4.4.    Contract Management

13.4.5.    Supplier Management

13.5.    Middle East Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Type

13.5.1.    Tools

13.5.2.    Services

13.5.3.    Travel & Logistics

13.6.    Middle East Robotic Process Automation (RPA) Market Attractiveness Index

13.6.1.    By Country

13.6.2.    By Process

13.6.3.    By Type

14.    Africa Robotic Process Automation (RPA) Market, By Region

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market (US$Mn) Forecast, By Country

14.2.1.    South Africa Robotic Process Automation (RPA) Market

14.2.2.    Egypt Robotic Process Automation (RPA) Market

14.2.3.    North Africa Robotic Process Automation (RPA) Market

14.2.4.    Rest Of Africa Robotic Process Automation (RPA) Market

14.3.    Africa Robotic Process Automation (RPA) Market, By Process

14.3.1.    Automated Solution

14.3.2.    Decision Support and Management Solution

14.3.3.    Interaction Solution

14.4.    Africa Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Operations

14.4.1.    Spend Analysis

14.4.2.    E-Sourcing

14.4.3.    E-Procurement

14.4.4.    Contract Management

14.4.5.    Supplier Management

14.5.    Africa Robotic Process Automation (RPA) Market Revenue (US$Mn) Forecast, By Type

14.5.1.    Tools

14.5.2.    Services

14.5.3.    Travel & Logistics

14.6.    Africa Robotic Process Automation (RPA) Market Attractiveness Index

14.6.1.    By Country

14.6.2.    By Process

14.6.3.    By Type

15.    Recommendation

15.1.    Market Strategy

16.    Competitive Landscape

16.1.    Competition Dashboard

16.2.    List and Company Overview of Global Key Players

16.3.    Company Profiles

16.3.1.    Automation Anywhere

16.3.1.1.    Company Overview

16.3.1.2.    Financial Overview

16.3.1.3.    Product Portfolio

16.3.1.4.    SWOT Analysis

16.3.1.5.    Key Developments

16.3.1.6.    Business Strategies

16.3.2.    Blue Prism

16.3.3.    Celaton Ltd

16.3.4.    Ipsoft

16.3.5.    Nice Systems Ltd.

16.3.6.    Pegasystems

16.3.7.    Redwood Software

16.3.8.    Uipath

16.3.9.    Verint

16.3.10.    Xerox Corporation

17.    Acronyms

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Frequently Asked Questions

The global Robotic Process Automation (RPA) market is estimated to reach at a value of US$ 1.6 Bn by the end of 2020 and expected to reach at a value of US$ 6.9 Mn by 2028 with a significant CAGR of 19.9%.

The enormous rise in acceptance and adoption of on-premise RPA solutions by organizations across the world that are pursuing to economize costs by turning a huge volume of processes to be automated through robotic process automation or RPA owing to several benefits it has to offer, comprising compliance, improved accuracy, cost-effectiveness, as well as scalability is measurable, which further leaves a positive impact on various financial services such as error reduction and audit savings, is majorly boosting the growth of the market.

The global Robotic Process Automation (RPA) market is segmented on the basis of process, operations, type, industry and region.

The global Robotic Process Automation (RPA) market is dominated by Automation Anywhere, Blue Prism, Celaton Ltd, Ipsoft, Nice Systems Ltd., Pegasystems, Redwood Software, Uipath, Verint, Xerox Corporation, among others.