Robotic Process Automation Market Size, Share, Analysis - By Deployment (On-premise, Cloud); by Solution (Software, Service), By End User Industry (IT and Telecom, BFSI, Healthcare, Retail, Manufacturing), By Function (Capturing & prototyping, Automation, Orchestration, Analytics), By Region (North America, Asia Pacific, Europe, Rest of World) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Robotic Process Automation Market held USD 1.57 USD billion in 2020 and is to grow with a CAGR of 28% from 2020-2030. RPA (Robotic Process Automation) is the use of digital software robots to automate the processing of specified business procedures. This cutting-edge technology shines when it comes to procedures and activities that are clearly defined, repeatable, and rule-based. Since the software robots (RPA bots) work at the level of the graphical user interface (GUI) and can execute almost any process, neither process changes nor specialized interfaces are required for use. In this robotic process automation, the bots take over the roles and tasks of users and interact with other software systems. Contrary to an initial reflexive assumption, software robots are not physically existing machines as to know them from the manufacturing industry which implied robotic process automation.

Market Dynamics and Factors:

As more SaaS, IaaS, and PaaS products for customer relationship management, cloud computing, corporate resource management, open source resources, cooperative robot learning, network connections, and other financial applications are deployed, a market for RPA solutions is emerging. The rising trend of cloud-based solutions and increasing use of robot-based solutions across various end-user sectors is predicted to open up new chances for the worldwide establishment of robotic process automation market.

Market Segmentation:

Global robotic process automation market can be segmented into By Deployment (On-premise, Cloud); by Solution (Software, Service), by Function(Capturing & prototyping, Automation, Orchestration, Analytics); by End User Industry (IT and Telecom, BFSI, Healthcare, Retail, Manufacturing), By Region (North America, Asia Pacific, ,Europe, Rest of World)

Geographic Analysis:

The Asia-Pacific region is predicted to develop at an exponential rate for the growth of the robotic process automation market owing to rising demand for automation services in a variety of industrial applications such as healthcare, automotive, and manufacturing. North America expected to retain the leading position in the global robotic process automation market throughout the forthcoming years. This dominance in the robotic process automation may be attributed to the region's growing desire for sophisticated automation solutions to streamline the whole work process by various small, medium, and big businesses.

Competitive Scenario:

The current competitive environment is divided into three major players: service providers, technology vendors, and technology integrators. The robotic process automation market is typically composed of service providers, which are IT and technology organizations that provide edge services to their clients. The key players in the global robotic process automation market are accenture Plc(Ireland), Blue Prism Group Plc(UK), Cognizant Technology Solutions Corp(USA)., Deloitte(UK), Infosys Ltd(India), International Business Machines Corp(USA), NICE Ltd, UiPathSrl(USA).

Robotic Process Automation Market Report Scope