Robotic Process Automation System Market Scope
A robotic Process Automation system is a type of technology that automates business operations by using business logic and structured inputs. A firm can use RPA tools to set up the software, or a "robot," to record and interpret applications for things like processing transactions, altering data, triggering reactions, and connecting with other digital systems. RPA scenarios range from creating an automatic response to an email to installing thousands of bots in an enterprise resource planning system, each trained to automate activities.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD N) |
Key Companies Profiled | UiPath (United Kingdom), Automation Anywhere (United States), Blue Prism (United Kingdom), Celaton Ltd (United Kingdom), KOFAX, Inc. (United States), NTT Advanced Technology Corp. (Japan), IPSoft (United States), Nice Systems Ltd. (Israel), Pegasystems (United States), EdgeVerve Systems Ltd. and FPT Software (Vietnam) |
CAGR | % |
The Robotic Process Automation System market is evolving rapidly, so stay informed about new technologies, platform updates, and user reviews to make informed decisions for your automation journey. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Robotic Process Automation System market throughout the predicted period.
UiPath (United Kingdom), Automation Anywhere (United States), Blue Prism (United Kingdom), Celaton Ltd (United Kingdom), KOFAX, Inc. (United States), NTT Advanced Technology Corp. (Japan), IPSoft (United States), Nice Systems Ltd. (Israel), Pegasystems (United States), EdgeVerve Systems Ltd. and FPT Software (Vietnam) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Redwood Software (United States), Verint (United States) and Xerox Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Robotic Process Automation System market by Type , by Application (Banking, Financial service and insurance (BFSI), Pharma & Healthcare, Retail & Consumer Goods, Information Technology (IT) & Telecom, Communication and Media & Education, Manufacturing, Logistics, and Energy & Utilities and Others) and Region with country level break-up.
On the basis of geography, the market of Robotic Process Automation System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2023, Pegasystems partnered with IBM to integrate RPA capabilities with IBM's Maximo Asset Management platform, automating maintenance and operation tasks for improved asset lifecycle management.
In October 2023, Pegasystems Intelligent Automation Integrated RPA capabilities into its Pega Infinity platform, providing a unified platform for managing business processes, robotic automation, and artificial intelligence within a single system.
Influencing Trend:
Inclusion of Cognitive Technologies such as Artificial Intelligence (AI), Machine Learning, Speech Recognition can Handle High-Level Task. and Digitalization of Robotic Process Automation Control and Monitor to Improve Competence, Speed, and Seamless Execution of Transaction in BSFI Industries
Market Growth Drivers:
Demand in Various Business Vertical Owing its Ability to Perform Task such as Completing Request for Quotations and Proposals, IT System Test and Monitoring and Handling Queries in the Billing and A surge of Highly Flexibility and Scalability of the Solution and Great Requirement for Data Process and Work Flow
Challenges:
Complex and Expensive Infrastructure, Installation of Thousands of Bots can Hinder the Robotic Process Automation System Market and Lack of Skilled Professional Team for the Process is Challenge for the Robotic Process Automation System Market
Restraints:
Requirement of Unique Identity and Latest Technology That is Expensive can Hamper the Robotic Process Automation System Market and Consumption of Number of Network Ports for the Robotic Process can Constrain the Robotic Process Automation System Market
Opportunities:
Control and Monitor to Improve Competence, Speed and Seamless Execution of Transaction in BSFI Industries will Grow the Robotic Process Automation System Market and Adoption by Small and Medium Scale Organization to Improve Customer and Employee Satisfaction will Boost the Robotic Process Automation System Market
Key Target Audience
Robotic Process Automation System Manufactures, Robotic Process Automation System Distributors and Suppliers, Robotic Process Automation System International Traders, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies, Downstream and Upstream Buyers and Others