Robotic Process Automation Market Analysis by Current Industry Status & Growth Opportunities 2017-2024

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Robotic Process Automation Market By Tools,
Operation, Solution, Applications and Region
2017-2024 Global Market Insights, Inc.
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RPA Industry Overview

• The need to eliminate human intervention from
  tedious or time-consuming business processes,
  which are less complex, rule-based and do not
  require human decision making is anticipated to
  drive the RPA market over the forecast timeframe.
  Moreover, the need to enhance the operational
  efficiency, agility and performance of the
  organization will contribute in the overall
  industry growth.
• The inherent demand for automated technology to
  accurately perform complex tasks to reduce human
  errors is certain to impel RPA industry trends.
  Numerous firms have been striving to develop
  code-free, user friendly, and non-disruptive RPA
  software to access IT systems through user
  interface applications. Assigning manual jobs to
  bots simply implies that the reduction of human
  intervention in tedious tasks has now become
  commonplace. Experts have projected that the
  shift from humans to robots an automation
  paradigm will improve the process efficiency
  and reduce overall costs, which has been forecast
  to create profitable roadmap for robotic process
  automation market.

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RPA Industry Background

• Robotic process automation industry has been
  experiencing robust changes since the past
  decade, given that RPA software is extensively
  used for business process outsourcing and
  business process management. In addition, RPA
  tools have the strong capability to increase
  business process efficiency without having to
  implement any fundamental process change. The
  ability of the RPA software to effectuate smarter
  processes as compared to conventional IT
  applications is certain to augment robotics
  process automation industry size, slated to cross
  USD 5 billion by 2024.
• Some of the exceptional benefits that RPA tools
  boast of include, improved accuracy throughput,
  process scalability, risk mitigation,
  multitasking flexibility, auditing security,
  operational technical efficiency, capturing
  detailed information, time and cost efficiency,
  and reduction in delivery risks. Subject to a
  plethora of lucrative advantages, these tools
  find applications in the finance, information
  technology, and supply chain management sectors,
  which would undeniably emerge as profitable
  growth avenues for robotic process automation
  industry. In addition, integrating RPA with other
  automation technologies such as artificial
  intelligence and machine learning will lead to
  improvements in the speed, quality, accuracy, and
  efficiency of the business process operations,
  thereby leading to innovative inventions in the
  field of automated processes. The subsequent rise
  in the introduction and deployment of new
  automated technologies such as intelligent
  process automation will thus suitably impact RPA
  market share over the years ahead.

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U.S. RPA Market Share, By Organization Size, 2016

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Industry Coverage
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Microgrid Industry By Applications

• BFSI applications are the largest adopter in the
  RPA market as it is a highly regulated sector and
  automated solutions are offering a cost efficient
  and rapid way to cater the regulatory compliance
  issues by bridging the gaps between the ERP and
  BPMs systems. RPA enhances the accuracy and
  efficiency of different processes in the BFSI
  industry, which provide avenues for the robotic
  process automation market. These solutions also
  support in balance sheet settlement by assembling
  figures from different platforms and conducting
  an array of validation checks to make information
  available for a detailed analysis.
• The telecom and IT industry is anticipated to
  witness significant growth over the forecast
  timeframe to bridge the gap between large backed
  digital transformation projects. RPA can
  accomplish this with a virtual workforce that
  rationalizes existing processes, provides the
  foundation for intelligent automation, and
  releases the employees for more engaging work.

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Microgrid Industry By Region

• Robotic process automation market is forecast to
  experience escalated growth across various
  regions, with Europe and Australia contributing
  prominently towards the business expansion. While
  the shortage of workforce and a huge presence of
  manufacturing logistics companies are predicted
  to impel Europe robotic process automation
  market, the mounting demand for support staff to
  process customer requests across the banking,
  telecommunications, insurance, and government
  sectors will spur the growth of Australia RPA
  industry.

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Competitive Microgrid Industry Share

• Major firms such as Blue Prism, Automation
  Anywhere, Verint Systems, Pegasystems, and UiPath
  are likely to make vital contributions towards
  robotic process automation market in the
  forthcoming years. With technology slated to
  occupy the center space of the future, robotic
  process automation industry will grow at a rate
  of more than 20 over the coming seven years.

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Market research reports Key analytical components
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Market Insight Coverage
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Report Content
Chapter 1 Methodology Scope 1.1
Methodology 1.1.1 Initial data
exploration 1.1.2 Statistical model and
forecast 1.1.3 Industry insights and
validation 1.1.4 Definition and forecast
parameters 1.2 Data Sources 1.2.1
Primary 1.2.2 Secondary
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Report Content
Chapter 2 Executive Summary 2.1 RPA
industry 3600 synopsis, 2013 - 2024 2.1.1
Business trends 2.1.2 Regional trends 2.1.3
Solution trends 2.1.4 Organization size
trends 2.1.5 Application trends 2.1.6
Operation trends 2.1.7 Service trends Browse
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