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.
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 is particularly useful for organizations that have many different, complicated systems that are required to interact together effortlessly.
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Some of the leading RPA market players are Blue Prism Group Plc., WorkFusion, UiPath, Thoughtonomy Ltd., NICE Ltd., Automation Anywhere Inc., Softomotive, Pegasystems Inc., Redwood Software, and Kryon Systems among others.
The global RPA market for the verticals is fragmented into BFSI, Telecommunications, retail, healthcare, transportation & logistics and others. The segmentation is based upon the need for RPA to improve back end and front end business processes. Telecommunications and BFSI cumulatively in the RPA market have acquired the biggest share of almost one-fourth in 2017, followed by Transportation & logistics and healthcare. Telecommunications, particularly the BPOs are the early adopters of RPA. The increase in the demand for the global network the telecom industry is facing many challenges in providing the advanced services to its customers. The issues faced by various companies are handling a huge capacity of data, developing new and advanced services, controlling cost, and focusing on business efficiency; which may hinder the company’s operation, profitability, and focus on the customer.
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.
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.
Reason To Buy:
– Highlights key business priorities in order to assist companies to realign their business strategies
– Understand new and emerging developments in major region and impact of that on overall market.
– Identify key market drivers and restraints in market and to take align business in order to get maximum profit
– The key findings and recommendations highlight crucial progressive industry trends in this market, thereby allowing players across the value chain to develop effective long term strategies.
– Highlights key business priorities in order to assist companies to realign their business strategies
– Helps clients to overcome challenges expected to restrict growth prospects of this market during the forecast period
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