Global Robotic Process Automation Market 2020 by Process, by Industry, Forecast and Opportunities 2024 – Skyline Gazette

The Research Report expressed by Orbisresearch, the market has come throughout significant development in the existence and can be anticipated to grow substantially within the period of forecast.Access the PDF sample of the report @https://www.orbisresearch.com/contacts/request-sample/3640967

The study reveals that the global Robotic Process Automation (RPA) market is expected to cross $7,000 million by 2024, at a CAGR of nearly 27% during the forecast period. Due to significant growth in technologies such as artificial intelligence (AI) and cognitive learning, the adoption of business automation technologies by enterprises has also increased. This has led to a rapid increase in demand for the virtual workforce to eliminate repetitive human efforts, on the back of which, the global robotic process the automation market is gaining traction.

Rule-based operations: the global market leader

Rule-based robotic process automation operations have been the largest larger contributor to the global robotic process automation market as compared to knowledge-based operation. This operation uses sophisticated computer software that automates rule-based processes, which are statements pre-defined in a software system, without the need for constant supervision of the human workforce.

The rule-based operation has gained significant interest from all sized enterprises as it enables organizations to configure software robots that effectively automate various annual and highly repetitive tasks. It also helps organizations in saving a lot of time by completing an actual human task within a fraction of seconds. The market for rule-based operations is expected to continue its dominance, during the forecast period, as it can be easily integrated within a business ecosystem without disrupting the traditional or legacy business framework

The market to witness the fastest growth in Asia-Pacific during the forecast periodGeographically, North America has been the largest market for robotic process automation, whereas Asia-Pacific is expected to witness the fastest growth among all regions, during the forecast period. The anticipated growth in the market can be attributed to factors such as advancement in new technologies, growing digitalization, growth in the automation software industry, and increasing adoption of business process automation solutions by small and medium scale enterprises in the region. Further, due to increasing demand for automation in major industry tasks such as business process outsourcing (BPO), outbound sales, and other back-office work, industries in the region have high tendency to adopt robotic process automation solutions at a rapid scale in the next few years.

Operational Excellence in the Middle-East is driving the global robotic process automation market

One of the foremost driver due to which the Global Robotic Process Automation Market is gaining traction is considered to be its success in increasing operational excellence in the rapidly developing Middle-East and North Africa (MENA). The regions in line with the global trend have rapidly opened up to embark on the RPA transformation wave. Although in its nascent stage, Robotics process automation has already created significant traction in the GCC region, due to high interest shown by the Middle-East CXOs.

Also, the companies in these regions, allowing software bots handle mundane and low-value tasks, employers are finding it easier to upgrade the skill levels of employees thereby retaining more local workforce, At present, corporates in the Financial services and Telecom space have started their RPA journey as early adopters. However, entities in other sectors as Oil & Gas, Healthcare, Retail, Real estate, manufacturing and Government sector are expected to join the bandwagon very soon

On the basis of User size, the market is segmented into Large Enterprise and SMEs. On the basis of Industry, the market is segmented into BFSI, Telecom & IT, Retail and Consumer Goods, Manufacturing, Healthcare and Pharmaceuticals, and Others. BFSI was the largest segment in the global robotic process automation market in 2017.

High competition among key players in the market

The research states that the global robotic process automation market is highly competitive, with players developing new robotic process automation applications. Some of the key players operating in the robotic process automation ecosystem are Nice Systems Ltd., Pegasystems Inc., Automation Anywhere, Blue Prism PLC, Ipsoft, Inc., Celaton Ltd., Redwood Software, Uipath SRL, Verint System Inc., Xerox Corporation, and IBM Corporation.

Most of the major vendors in the global robotic process automation market are actively focused on enhancing their offerings to meet the ongoing demand for advanced business automation solutions. This includes software integrated with artificial intelligence and cognitive learning.

Market Segmentation: Global Robotic Process Automation MarketBy Process Automated Solution Decision Support & Management Interaction Solution

By Operation Rule based Knowledge based

By Service Professional Training & Support

By User Size Large Enterprize SMEs

By Industry BFSI Telecom & IT Retail and Consumer Goods Manufacturing Healthcare and Pharmaceuticals Others

In addition, the report provides analysis of the robotic process automation market with respect to the following geographic segments: North Americao U.S.o Canada Europeo Germanyo U.K.o Russiao Franceo Rest of Europe Asia Pacific (APAC)o Chinao Indiao Japano Singaporeo Rest of Asia Pacific LATAMo Brazilo Mexicoo Rest of Latin America MEAo Saudi Africao UAEo Saudi Arabiao Rest of Middle-East

Table of Contents

Chapter 1. Research Objective1.1. Objective of the Study1.2. Market Definition1.3. Process Overview1.4. Market Scope1.3.1. Market Segmentation by Process1.3.2. Market Segmentation by Operation1.3.3. Market Segmentation by Service1.3.4. Market Segmentation by User Size1.3.5. Market Segmentation by Industry1.5. Analysis Period of the Study1.6. Data Reporting Unit1.7. Key Stakeholders

Chapter 2. Research Methodology2.1. Research Methodology2.2. Regional Split of Primary and Secondary Research2.3. Secondary Research2.4. Primary Research2.2.1. Breakdown of Primary Research Respondents2.2.1.1. By Region2.2.1.2. By Industry Participants2.3. Market Size Estimation2.4. Assumptions for the Study2.5. Market Breakdown and Data Triangulation

Chapter 3. Executive Summary

Chapter 4. Market Introduction4.1. Introduction4.1.1. Overview by Product4.1.2. Overview by Operation4.1.3. Overview by Service4.1.4. Overview by User Size4.1.5. Overview by Industry4.2. Value Chain Analysis4.3. Market Dynamics4.3.1. Trends4.3.2. Drivers4.3.2.1 Impact analysis of Drivers4.3.3. Restraints4.3.3.1 Impact Analysis of Restraints4.3.4. Opportunities4.4. Porters Five Forces Analysis4.4.1. Bargaining Power of Supplier4.4.2. Bargaining Power of Buyers4.4.3. Threat of New Entrants4.4.4. Threat of Substitute4.4.5. Intensity of Rivalry

Chapter 5. Market Size and Forecast by Process

Chapter 6. Market Size and Forecast by Operations

Chapter 7. Market Size and Forecast by Service

Chapter 8. Market Size and Forecast by User Size

Chapter 9. Market Size and Forecast by Industry

Chapter 10. Market Size and Forecast by Geography10.1. North America10.2. Europe10.3. Asia-Pacific10.4. Middle-East & Africa10.5. Latin America

Chapter 11. Market Competitiveness11.1. Market Landscape11.2. Market Player Analysis11.3. Recent Activities of Major Players11.3.1. Partnerships11.3.2. Product Launch11.3.3. Others

Chapter 12. Company Profiles12.1. Nice Systems Limited12.2. Pegasystems Inc.12.3. Automation Anywhere Inc.12.4. Blue Prism Limited12.5. Celaton Limited12.6. Redwood Software Inc.12.7. Ipsoft Inc.12.8. UiPath12.9. Zerox Corporation12.10. IBM Corporation

Chapter 13. Appendix

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Global Robotic Process Automation Market 2020 by Process, by Industry, Forecast and Opportunities 2024 - Skyline Gazette