Robotic Process Automation Market Report 2022: Increasing Need for Reduced Operational Costs Driving Sector – ResearchAndMarkets.com – Business Wire

DUBLIN--(BUSINESS WIRE)--The "Robotic Process Automation Market Size, Share & Trends Analysis Report by Type, by Service, by Application, by Deployment, by Organization, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The global robotic process automation market size is anticipated to reach USD 30.85 billion by 2030, registering a CAGR of 38.2%. The increasing need for reduced operational costs is a significant driving factor for the market. Furthermore, the installation of the market with ease of business processes and transformation of robotic process automation with traditional business processes have boosted the market growth.

Continuous improvement and automation remain top of the strategic plan for an organization. Adopting some form of automation within enterprises is either on the roadmap or in a pilot stage. As a result, the implementation of RPA for ensuring cost reduction to build improved compliance, productivity, and maximize returns are becoming the top priorities for businesses. Moreover, focusing on improved outcomes through measurable indicators such as improved quality of work and time saving are positively impacting the dynamics of RPA within industries.

Additionally, RPA technology has proven to reduce the cost of a full-time offshore employee by half. RPA is creating a shift after labor arbitrage to reduce labor costs by 25 to 40 percent in business processes and IT environments. Moreover, the software robot replaces two to five full-time employees and the amount of work done by them, thereby increasing the efficiency of business processes.

The COVID-19 outbreak has sped up the demand for a workforce with digital skills across enterprises and opened up new directions for RPA companies to capture the market. Automation is anticipated to define the work after the pandemic as the organizations are witnessing organizational changes with work from home employees. The positive result of applying RPA during a recession influenced by the pandemic is anticipated to grow its demand post-pandemic and propel market growth.

Robotic Process Automation Market Report Highlights

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends & Scope

Chapter 4 Type Estimates and Trend Analysis

Chapter 5 Deployment Estimates and Trend Analysis

Chapter 6 Organization Estimates and Trend Analysis

Chapter 7 Application Estimates and Trend Analysis

Chapter 8 Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/noxkbb

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Robotic Process Automation Market Report 2022: Increasing Need for Reduced Operational Costs Driving Sector - ResearchAndMarkets.com - Business Wire