Global Robotic Process Automation Market is growing rapidly. High development in the field of technology, need of efficiency and automation in industry, changing government norms towards the manual operation works in the industry are some of the key drivers for the market of robotic process automation.
The Robotic Process Automation is a key component of business process management and has proven exponentially beneficial to the companies. Easy learning and flexibility of changing the tasks of robots of process is the key feature which is helping in the wide adoption of RPA. Once the RPA is trained and is molded into the desired work environment, it has been seen that the RPA has performed tremendously.
The global RPA market is expected to grow at USD ~7 billion by the end of year 2022 with ~57% of CAGR.
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Major Key Players
- Automation Anywhere (France)
- Blue Prism (U.K.)
- OpenSpan (U.S.)
- Celaton (U.S.)
- Exilant (India)
- OpenConnect Systems Incorporated (U.S.)
- Verint Systems (U.S.)
- Cognizant (U.S.)
- Infosys Limited (India)
- Atos Corporation (France)
- Technology Providers
- Robots Manufacturing Companies
- Software distributors
- Software developing companies
- Banking Industry
- Research Institutes
The Global market of RPA is segmented on the basis of Organization Size and Industries. By organization size, the market has been segmented into SMEs and large enterprises where by industries the market consist deep study of segments- BFSI, Manufacturing, IT and Retail among others.
Market Research Analysis:
MRFR analysis shows that North America is dominating the market of RPA in the year 2016. High development in the IT industry and growing banking sector is driving the market in North America. Also, presence of developed countries in this region gives North America a competitive advantage over other countries. Europe is expected to stand as second biggest market due to the growing automotive and Healthcare industry in Germany and Italy. Asia-Pacific is expected to emerge as fastest growing market as China, South Korea and Japan are few of the biggest manufacturing driven economies. High demand of consumer electronic products in this region is also pushing the manufacturers to adopt RPA in the process.
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