Robotic Process Automation Market Trends, Scope, Growth, Analysis 2021-2026

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Robotic Process Automation

According to the latest report by IMARC Group “Robotic Process Automation Market Trends: Global Industry Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global robotic process automation market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 29% during 2021-2026.

Robotic process automation (RPA) represents an advanced software technology that builds, deploys, and manages software robots. It assists in manipulating data, passing data from various applications, triggering responses, or executing transactions. Robotic process automation also aids in streamlining workflows and increasing employee satisfaction, engagement, and productivity by eliminating repetitive tasks from their workdays. Besides this, it offers numerous benefits, such as greater resilience, higher accuracy, accelerated transformation, enhanced compliance, improved productivity, etc. Robotic process automation is also scalable, requires minimal investment, and provides a significant return on investment (ROI).

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

Shifting consumer preferences towards remote working to comply with government regulations regarding COVID-19, continue business operations, and prevent the spread of the pandemic, are primarily driving the global RPA market. Besides this, various leading players are integrating RPA with advanced technologies, such as machine learning (ML),which is further augmenting the market growth. Additionally, numerous key manufacturers are utilizing artificial intelligence (AI) to handle cognitive processes that require skills, including visualizing screens, comprehending speech, carrying on conversations and chats, understanding documents, etc. This, in turn, will continue to propel the RPA market over the forecasted period.

Breakup by Component:

  • Software
  • Services

Breakup by Operation:

  • Rule-based
  • Knowledge-based

Breakup by Deployment Model:

  • On-premises
  • Cloud-based

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium Sized Enterprises

Breakup by End User:

  • BFSI
  • Healthcare and Pharmaceuticals
  • Retail and Consumer Goods
  • IT and Telecommunication
  • Government and Defense
  • Transportation and Logistics
  • Energy and Utilities
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Amelia US LLC
  • Automation Anywhere Inc.
  • AutomationEdge
  • Blue Prism Group PLC
  • Infosys Limited
  • International Business Machines Corporation
  • Kofax Inc.
  • NICE Ltd.
  • Pegasystems Inc.
  • UiPath, Verint Systems
  • WorkFusion Inc.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/robotic-process-automation-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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