RPA Market share research by applications and regions for 2017-2024 - PowerPoint PPT Presentation

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RPA Market share research by applications and regions for 2017-2024

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More Information @ The growing adoption of RPA technology by organizations to enhance their capabilities, performance and reduce operational costs is expected to drive the Robotic process automation market growth over the forecast timeline. In order to gain ease of the processes, organizations are increasingly deploying these solutions with the traditional business processes. Surge in demand to eliminate manual interference in simplified and time-consuming business processes is predicted to increase the technology adoption rate. – PowerPoint PPT presentation

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Title: RPA Market share research by applications and regions for 2017-2024


1
Robotic Process Automation Market to surpass 5bn
in 2024 Fractovia.org
2
Key Insights of RPA Market
  • Robotic Process Automation (RPA) Market set to
    exceed USD 5 billion by 2024, driven by rising
    demand across manufacturing and logistics
    industry.
  • Robotic process automation (RPA) market has been
    gaining remarkable popularity lately, subject to
    the fact that automation has become important
    component in various enterprises across the
    globe. It has been observed that many companies
    have been adopting RPA technology with an aim to
    reduce the capital cost of the products and
    modernize business operations. The rapidly
    increasing use of this technology in various
    sectors is a vital factor that is expected to
    stimulate robotic process automation industry
    share. More importantly, this technology is
    increasingly being deployed in the medical and
    oil gas sectors, which are touted to be two of
    the most dynamic markets of today. Companies have
    lately been following practices such as
    centralized business plan, training, and periodic
    product developments, that depicts their apparent
    urgency to deploy consistent automation in their
    business methodologies. This change of tactics is
    likely to have a positive impetus on robotic
    process automation (RPA) market, which, as per
    reports, collected a revenue of USD 600 million
    in 2016.

3
Continued
  • Reputed firms such as Xerox Corporation and IBM
    have implemented the RPA technology for a while
    now, to reduce costs and improve productivity.
    Apart from industrial applications, RPA is being
    favored by hospitals to quite an extent, to
    handle medication distribution, which will
    favorably propel RPA industry size. An instance
    proving the aforementioned statement to be true
    is that of the RAH implementing the largest
    automated pharmacy distribution system. The Royal
    Adelaide Hospital, based in South Australia, has
    recently implemented one of the largest automated
    pharmacy distribution systems, that boasts of the
    incorporation of RPA technology. Considering the
    benefits of this technology, many other hospitals
    across the Australian southern hemisphere have
    also been deploying this technology on large
    scale, which is likely to have a favorable impact
    on the regional robotic process automation market
    size.
  • The emergence of digital technologies such as
    artificial intelligence (AI), natural language
    processing (NLP), and machine learning have also
    apparently been adding significant value to
    robotic process automation industry. Recently,
    HCL Technologies, one of the big names in the
    software space, launched two AI powered services,
    namely, DRYiCE TAO and DRYiCE COPA to provide
    strategic consulting services and a process
    transformation platform to enterprises. Through
    the DRYiCE COPA, HCL has paved the way for
    delivering next-generation products to consumers
    by envisaging a difference in the conventional
    role of robotic process automation. Many such
    enterprises have been looking out for AI-based
    products to rebuild their systems, which is
    slated to boost robotic process automation (RPA)
    market share over the years ahead.

4

Browse Full Market Research Report Of RPA Market
_at_ http//bit.ly/2nYOece Request for a
Sample of this Research report _at_
https//www.fractovia.org/request-sample/629
5
U.S. RPA Market Share, By Organization Size, 2016

6

RPA Industry Background
7
Continued.
  • Latin America The new hotbed for RPA industry
    stakeholders
  • The industrial space in Latin America has of late
    been experiencing a dynamic transformation owing
    to the deployment of robotic process automation,
    subject to which several top-notch enterprises
    and service centers are expanding their business
    space across the region. Recently, Symphony
    ventures, a well-known company specializing in
    robotic process automation and intelligent
    automation, decided to expand its service centers
    across Latin America to fulfil the growing demand
    for its products in the region.
  • Another major factor that may generate lucrative
    opportunities for companies in robotic process
    automation market is that numerous clients from
    the telecom, banking, chemical, food processing,
    agriculture, and manufacturing sectors have been
    earnestly seeking RPA services. The deployment of
    RPA technology helps to improve operational
    functionality by enhancing the accuracy of work
    quality, and speed, which may spur RPA industry
    ahead. Speaking of companies, the competitive
    spectrum of RPA market includes biggies such as
    Automation Anywhere, Nice Systems Ltd., Blue
    Prism, Xerox Corporation, Ipsoft, Uipath, Celaton
    Ltd, Verint Systems, Pegasystems, and Redwood
    Software, that have been adopting growth
    strategies such as MAs to increase their
    customer base across the globe.

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