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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236113
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236113
Global Robotic Process Automation Market Size study & Forecast, by Process By Operations By Type By Industry and Regional Analysis, 2022-2029
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Global Robotic Process Automation Market is valued approximately USD 1.89 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 38.2% over the forecast period 2022-2029. Robotic Process Automation is the application of technology to configure computer software or a robot to capture and interpret applications for rule-based processing of transactions, data manipulation, and communication with other digital systems. Robotic process automation deals with the application of smart software to carry out high-volume and repetitive tasks. The Robotic Process Automation market is expanding because of factors such as growing demand for automation of business processes and to simplify the complex handling process. According to the Statista, the size of the global industrial automation market reached some USD 175 billion in 2020. The market is expected to grow at a compound annual growth rate (CAGR) of around nine percent until 2025. In 2025, the size of the global industrial automation market should reach USD 265 billion. Another important component driving space increase is simplifying the complex handling process. Cloud-based industrial Automation software industry has been prominent for several years but is growing rapidly, and cloud-deployed software is expected to grow at a compound annual growth rate of 9.4 percent between 2018 and 2023. Moreover, in 2021 the global market for industrial robots was sized at about USD 43.8 billion and expected to grow at a CAGR of 10%, reaching USD 70.6 billion by 2028. However, the high cost of Robotic Process Automation stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Robotic Process Automation Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the existence of key market players within the region. Moreover, in 2020, the RPA market was worth around USD 640 million and expected to reach USD 3870 million by 2024. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising industrial automation and government initiatives in the market space.
Major market players included in this report are:
- Nice Systems Ltd.
- Automation Anywhere
- Blue Prism Group Plc
- Celaton Ltd.
- IPSoft, Inc.
- Pegasystems Inc.
- Redwood Software
- UiPath SRL
- Verint Systems Inc
- Xerox Corporation
Recent Developments in the Market:
- In Dec 2022, NICE launched an Enlighten AutoSummary, AI contact center solution for automatically generating contact center summaries of every customer interaction with an agent. Average handling times and after-call work are reduced as agents are relieved of the need for manual notetaking, while concise, accurate and actionable information about the interaction is immediately available to the next agent on the customer's journey.
In Global Robotic Process Automation Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Process, Operation, Type, Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Process:
- Automated Solution
- Decision Support and Management Solutions
- Interaction Solutions
By Operations:
- Rule-based
- Knowledge-based
By Type:
- Tools
- Services
By Industry:
- Banking, Financial Services and Insurance
- Healthcare and Pharmaceuticals
- Manufacturing and Logistics
- Telecom and IT
- Retail and Consumer Goods
- Travel, Hospitality, and Transportation
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Robotic Process Automation Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Robotic Process Automation Market, by Process, 2019-2029 (USD Billion)
- 1.2.3. Robotic Process Automation Market, by Operations, 2019-2029 (USD Billion)
- 1.2.4. Robotic Process Automation Market, by Type, 2019-2029 (USD Billion)
- 1.2.5. Robotic Process Automation Market, by Industry, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Robotic Process Automation Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Robotic Process Automation Market Dynamics
- 3.1. Robotic Process Automation Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing demand for automation of business processes
- 3.1.1.2. Increasing demand to simplify the complex handling process
- 3.1.2. Market Challenges
- 3.1.2.1. High initial cost of Robotic Process Automation
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing adoption of cloud-based automation solutions
- 3.1.1. Market Drivers
Chapter 4. Global Robotic Process Automation Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Robotic Process Automation Market, by Process
- 6.1. Market Snapshot
- 6.2. Global Robotic Process Automation Market by Process, Performance - Potential Analysis
- 6.3. Global Robotic Process Automation Market Estimates & Forecasts by Process 2019-2029 (USD Billion)
- 6.4. Robotic Process Automation Market, Sub Segment Analysis
- 6.4.1. Automated Solution
- 6.4.2. Decision Support and Management Solutions
- 6.4.3. Interaction Solutions
Chapter 7. Global Robotic Process Automation Market, by Operations
- 7.1. Market Snapshot
- 7.2. Global Robotic Process Automation Market by Operations, Performance - Potential Analysis
- 7.3. Global Robotic Process Automation Market Estimates & Forecasts by Operations 2019-2029 (USD Billion)
- 7.4. Robotic Process Automation Market, Sub Segment Analysis
- 7.4.1. Rule-based
- 7.4.2. Knowledge-based
Chapter 8. Global Robotic Process Automation Market, by Type
- 8.1. Market Snapshot
- 8.2. Global Robotic Process Automation Market by Type, Performance - Potential Analysis
- 8.3. Global Robotic Process Automation Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 8.4. Robotic Process Automation Market, Sub Segment Analysis
- 8.4.1. Tools
- 8.4.2. Services
Chapter 9. Global Robotic Process Automation Market, by Industry
- 9.1. Market Snapshot
- 9.2. Global Robotic Process Automation Market by Industry, Performance - Potential Analysis
- 9.3. Global Robotic Process Automation Market Estimates & Forecasts by Industry 2019-2029 (USD Billion)
- 9.4. Robotic Process Automation Market, Sub Segment Analysis
- 9.4.1. Banking, Financial Services and Insurance
- 9.4.2. Healthcare and Pharmaceuticals
- 9.4.3. Manufacturing and Logistics
- 9.4.4. Telecom and IT
- 9.4.5. Retail and Consumer Goods
- 9.4.6. Travel, Hospitality, and Transportation
- 9.4.7. Others
Chapter 10. Global Robotic Process Automation Market, Regional Analysis
- 10.1. Robotic Process Automation Market, Regional Market Snapshot
- 10.2. North America Robotic Process Automation Market
- 10.2.1. U.S. Robotic Process Automation Market
- 10.2.1.1. Process breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Operations breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. Industry breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Robotic Process Automation Market
- 10.2.1. U.S. Robotic Process Automation Market
- 10.3. Europe Robotic Process Automation Market Snapshot
- 10.3.1. U.K. Robotic Process Automation Market
- 10.3.2. Germany Robotic Process Automation Market
- 10.3.3. France Robotic Process Automation Market
- 10.3.4. Spain Robotic Process Automation Market
- 10.3.5. Italy Robotic Process Automation Market
- 10.3.6. Rest of Europe Robotic Process Automation Market
- 10.4. Asia-Pacific Robotic Process Automation Market Snapshot
- 10.4.1. China Robotic Process Automation Market
- 10.4.2. India Robotic Process Automation Market
- 10.4.3. Japan Robotic Process Automation Market
- 10.4.4. Australia Robotic Process Automation Market
- 10.4.5. South Korea Robotic Process Automation Market
- 10.4.6. Rest of Asia Pacific Robotic Process Automation Market
- 10.5. Latin America Robotic Process Automation Market Snapshot
- 10.5.1. Brazil Robotic Process Automation Market
- 10.5.2. Mexico Robotic Process Automation Market
- 10.6. Rest of The World Robotic Process Automation Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Nice Systems Ltd.
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Automation Anywhere
- 11.2.3. Blue Prism Group Plc
- 11.2.4. Celaton Ltd.
- 11.2.5. IPSoft, Inc.
- 11.2.6. Pegasystems Inc.
- 11.2.7. Redwood Software
- 11.2.8. UiPath SRL
- 11.2.9. Verint Systems Inc
- 11.2.10. Xerox Corporation
- 11.2.1. Nice Systems Ltd.
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Robotic Process Automation Market, report scope
- TABLE 2. Global Robotic Process Automation Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Robotic Process Automation Market estimates & forecasts by Process 2019-2029 (USD Billion)
- TABLE 4. Global Robotic Process Automation Market estimates & forecasts by Operations 2019-2029 (USD Billion)
- TABLE 5. Global Robotic Process Automation Market estimates & forecasts by Type 2019-2029 (USD Billion)
- TABLE 6. Global Robotic Process Automation Market estimates & forecasts by Industry 2019-2029 (USD Billion)
- TABLE 7. Global Robotic Process Automation Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Robotic Process Automation Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Robotic Process Automation Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Robotic Process Automation Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Robotic Process Automation Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Robotic Process Automation Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Robotic Process Automation Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Robotic Process Automation Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Robotic Process Automation Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. Global Robotic Process Automation Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 18. U.S. Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. U.S. Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 20. Canada Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 21. Canada Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. Canada Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 23. UK Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 24. UK Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. UK Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 26. Germany Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 27. Germany Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. Germany Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 29. France Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 30. France Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. France Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 32. Italy Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 33. Italy Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Italy Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 35. Spain Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 36. Spain Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. Spain Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 38. RoE Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 39. RoE Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. RoE Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 41. China Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 42. China Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. China Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 44. India Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 45. India Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. India Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 47. Japan Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 48. Japan Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. Japan Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 50. South Korea Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 51. South Korea Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. South Korea Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 53. Australia Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 54. Australia Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. Australia Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. RoAPAC Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 59. Brazil Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 60. Brazil Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Brazil Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 62. Mexico Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 63. Mexico Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. Mexico Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 65. RoLA Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 66. RoLA Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. RoLA Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 68. Row Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 69. Row Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. Row Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 71. List of secondary sources, used in the study of global Robotic Process Automation Market
- TABLE 72. List of primary sources, used in the study of global Robotic Process Automation Market
- TABLE 73. Years considered for the study
- TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Robotic Process Automation Market, research methodology
- FIG 2. Global Robotic Process Automation Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Robotic Process Automation Market, key trends 2021
- FIG 5. Global Robotic Process Automation Market, growth prospects 2022-2029
- FIG 6. Global Robotic Process Automation Market, porters 5 force model
- FIG 7. Global Robotic Process Automation Market, pest analysis
- FIG 8. Global Robotic Process Automation Market, value chain analysis
- FIG 9. Global Robotic Process Automation Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Robotic Process Automation Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Robotic Process Automation Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Robotic Process Automation Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Robotic Process Automation Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Robotic Process Automation Market, regional snapshot 2019 & 2029
- FIG 15. North America Robotic Process Automation Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Robotic Process Automation Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Robotic Process Automation Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Robotic Process Automation Market 2019 & 2029 (USD Billion)
- FIG 19. Global Robotic Process Automation Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
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