Market Research Report
Global Robotic Process Automation Market By Type, By Deployment, By Enterprise Size, By Industry, By Region, Competition, Forecast & Opportunities, 2025
|Published by||TechSci Research||Product code||934796|
|Published||Content info||119 Pages
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|Global Robotic Process Automation Market By Type, By Deployment, By Enterprise Size, By Industry, By Region, Competition, Forecast & Opportunities, 2025|
|Published: May 1, 2020||Content info: 119 Pages||
Global robotic process automation or RPA market is projected to grow at a double-digit CAGR during the forecast period on account of growing adoption of RPA in end user industries as it is capable of performing tasks such as data manipulation, triggering responses, among others which earlier required human intervention. Growing adoption of robotic solutions and ongoing inclination of cloud-based services is also positively influencing the growth of the robotic process automation market across the globe.
Robotic process automation refers to set of technologies which can be coded or programmed to perform series of tasks. Their capability to communicate with digital systems and learn on its own are further anticipated to propel the adoption of RPA by enterprises in several verticals.
Global robotic process automation market can be segmented based on type, deployment, enterprise size, industry and region. Based on industry, market can be segregated into BFSI, IT & telecom, retail, healthcare and others. BFSI industry is the largest adopter of robotic process automation as banking institutions involve massive amount of transactions related data and several systems are connected to each other for swift flow of this data. RPA also helps to improve accuracy and efficiency of these transactions which is contributing to its wide adoption in this industry.
Based on geography, globally, the robotic process automation market can be classified into Asia-Pacific, North America, South America, Europe and Middle East & Africa. North America is expected to continue dominating the market during the forecast period. However, Asia-Pacific is likely to grow at the highest rate due to high demand for consumer goods from countries present in the region. Also, manufacturing sector and other consumer companies in these geographies are readily adopting RPA to fulfil demand for consumer goods in a cost-effective manner by automating the processes.
Major companies operating in the global robotic process automation market include UIPath Inc., Automation Anywhere Inc., Blue Prism Group PLC, Nice Robotic Automation Ltd., Pegasystems Inc., Blue Prism Group PLC, IPsoft Inc., Uipath SRL, Xerox Corp., IBM Corp., among others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of robotic process automation service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, vendors and presence of all major players across the region.
TechSci Research calculated global robotic process automation market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global robotic process automation market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Small & Medium Enterprise
IT & Telecom
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global robotic process automation market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Profit Margin Analysis