Robotic Process Automation Market to grow at 20% CAGR from 2017 to 2024 - PowerPoint PPT Presentation

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Robotic Process Automation Market to grow at 20% CAGR from 2017 to 2024


More Information @ 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. – PowerPoint PPT presentation

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Title: Robotic Process Automation Market to grow at 20% CAGR from 2017 to 2024

Global Robotic Process Automation Market to hit
5bn in 2024 Global Market Insights Inc.
Key Insights from Robotic Process Automation
  • Robotic Process Automation industry analysis is
    covered in this latest research report that aims
    to help those taking daily business decisions by
    providing market trends information, competitive
    landscape scenario, forecasts and more. Robotic
    Process Automation (RPA) Market size is set to
    exceed USD 5 billion by 2024.
  • 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.
  • Robotic process automation market has a huge
    potential to transform the way organizations
    operate and support various business processes.
    Surging eminence of BPM solutions led to rising
    need of automating the operations by small
    medium businesses to stay ahead of the

  • Lack of technical expertise associated with the
    deployment and integration might hinder the RPA
    market growth. Moreover, less potential of such
    solutions to grow in the knowledge based business
    operations is expected to curb the industry
    demand. Continuity in the business processes, ROI
    and practical implications are among the major
    concerns related to the technology
    implementation. Unwillingness of employees to
    make a transition from traditional business
    processes to automated business processes coupled
    with the lack of awareness will also pose a
    challenge to the adoption.
  • Increasing demand from organizations to automate
    the business processes such as handling customer
    enquiries is leading to the significant growth of
    automated solutions demand. Adoption of such
    automated solutions helps organizations to
    streamline the business operations and focus on
    their core competencies. Automation of monotonous
    tasks such as timesheets proposal submissions
    eliminates the work load on production team
    results in increased productivity and fueling the
    organizations competitiveness.

  • To bridge the gap between largely backed digital
    transformation projects, the IT telecom sector
    is expected to witness high growth in the Robotic
    process automation market. With a virtual
    workforce that streamlines the traditional
    business processes, RPA can accomplish this
    leading the valuable company resources to focus
    on more important work.
  • Europe Robotic process automation market is
    anticipated to witness significant growth over
    the forecast timeline. This can be attributed to
    the presence of large number of logistics and
    manufacturing companies in the region. Owing to
    the increasing need for customer support across
    various industry verticals such as BFSI, IT
    telecommunication, government and insurance, the
    RPA market has significant potential to grow in
  • Companies operating in the industry include Xerox
    Corporation, Blue Prism, Nice Systems Ltd.,
    Automation Anywhere, Ipsoft, Celaton Ltd.,
    Pegasystems, Redwood Software, Uipath and Verint.
    The industry is currently witnessing heavy
    investments in technology by various players to
    gain high ROI.

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


Browse Full Market Research Report On Robotic
Process Automation Market _at_ http//
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360 Analysis
  • By Application
  • 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. 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.
  • By Region Trends
  • Australia RPA market is anticipated to witness a
    significant growth over the forecast timeline
    owing to the need for customer support and
    request processing requirements across industries
    such as the banking, insurance, government, and
  • The Europe robotic process automation market will
    witness a surge owing to the presence of
    manufacturing and logistics firms in the region.
    The technology may help these industry verticals
    by operating with fewer number of people or
    shortage of labor, thereby, cutting on the cost
    and streamlining the resource allocation.
  • Competitive Market Share
  • The players in the RPA market include Blue Prism,
    Automation Anywhere, Celaton Ltd, Ipsoft,
    Pegasystems, Nice Systems Ltd., Redwood Software,
    Verint, Uipath and Xerox Corporation. Blue Prism.

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