The global robotic process automation (RPA) market is set to gain impetus from the rising number of COVID-19 cases requiring more registration and testing. According to the ‘Annals of Internal Medicine 2020’ report, 32% of healthcare providers spent more on state-of-the-art solutions to manage their costs and administrative services in the U.S. This information is published by Fortune Business Insights™ in a new report, titled, “Robotic Process Automation Market, 2021-2028.” The report further states that the robotic process automation market size is projected to grow from USD 1.61 billion in 2021 to USD 7.64 billion in 2028 at a CAGR of 25.0% in the forecast period. It stood at USD 1.29 billion in 2020.
A List of
Renowned Robotic Process Automation Providers Operating in This Market:
- Automation Anywhere (California, United States)
- Blue Prism PLC (Warrington, United Kingdom)
- IPsoft Inc. (New York, United States)
- Kofax, Inc. (California, United States)
- Nice Systems Ltd. (Ra'anana, Israel)
- NTT Advanced Technology Corporation (Kanagawa, Japan)
- Pegasystems, Inc. (Massachusetts, United States)
- Redwood Software (Houten, Netherlands)
- Uipath SRL (New York, United States)
- OnviSource, Inc. (Texas, United States)
- EdgeVerve Systems Limited (Karnataka, India)
- HelpSystems (Minnesota, United States)
- FPT software (Hanoi, Vietnam)
- Xerox Corporation (Connecticut, United States)
- Daythree Business Services Sdn Bhd (Selangor, Malaysia)
- Kryon Systems (New York, United States)
- Softomotive (London)
- Genpact Ltd (New York, United States)
- AntWorks (Singapore)
- KPMG (Amstelveen, Netherlands)
Read Sample PDF Brochure |
Report Coverage-
The research
report provides a complete analysis of existing organizations that can affect
the outlook throughout the forthcoming years in both positive and negative
ways. At the same time, it delivers an in-depth assessment by highlighting data
on numerous aspects that may contain drivers, challenges, dynamics, trends,
hindrances, and opportunities. It also offers the size of the robotic process
automation industry from a global perspective by determining historical data.
Drivers & Restraints-
Rising Incorporation of Artificial
Intelligence and Cognitive Technologies to Boost Growth
Organizations
nowadays are demanding for robotic
process automation solutions as they can operate business functionalities
from end-to-end and handle complicated unstructured information. Many companies
are blending cognitive technologies and artificial intelligence with these
software solutions to expand horizons of business process automation. These
factors are expected to propel the robotic
process automation market growth in the near future. However, the installment of
thousands of bots, training programs for existing employees, hiring of
new professionals, and setting up novel infrastructure require huge
investments, which may hinder growth.
Read a Detailed Summary of This Report:
https://www.fortunebusinessinsights.com/robotic-process-automation-rpa-market-102042
COVID-19 Pandemic-
COVID-19
Pandemic: Urgent Need to Adopt Digital Solutions for Automation will Aid Growth
The outbreak of the COVID-19 pandemic has compelled companies to shut
down their branches and physical stores. Hence, they are relying more on
digital solutions to automate front-end and back-end processes. The demand for
advanced software is surging rapidly as more firms are looking for transforming
their engagements with stakeholders, customers, suppliers, and employees. Our
reports will help you choose the right strategy to overcome various challenges
in the market for robotic process automation.
Regional Insights-
Government Initiatives to Implement Automation
Solutions will Favor Growth in North America
Geographically, North America earned USD 471.3 million in terms of revenue in 2020. This growth is attributable to the rising adoption of process management and automation solutions by small, and medium, and large enterprises. The government of the U.S. is also taking various initiatives to implement automation solutions for improving the work processes of numerous companies. On the other hand, Asia Pacific would exhibit the fastest growth because of the increasing adoption of Industry 4.0. Japan and China are anticipated to lead throughout the forthcoming years, while India is set to go through a rapid digital transformation.
Competitive Landscape-
Key Players Focus on Introducing New
Automation Solutions to Intensify Competition
The global
market houses several prominent companies that are currently aiming to conduct
research and development activities to introduce unique RPA solutions. The
COVID-19 pandemic has also compelled numerous companies to help the healthcare
sector manage their testing operations smoothly. Below are the two latest
industry developments:
- April 2020:
Automation Anywhere launched intelligent automation solutions to help
enterprises, healthcare agencies, and governments to deploy business and remote
working continuity programs to tackle the challenges faced owing to the
COVID-19 pandemic.
- October 2019: Automation Anywhere introduced the world’s
first cloud-native, web-based Digital Workforce platform named Automation
Anywhere Enterprise A2019. It can lower infrastructure barriers and costs to
adopt robotic process automation.
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/robotic-process-automation-rpa-market-9551
Thank you for sharing such a useful article. I had a great time. This article was fantastic to read. Continue to publish more articles on
ReplyDeleteData Engineering Services
AI Services
Data Analytics Solutions
Data Modernization Solutions