Robotic Process Automation Market is expected to grow with a CAGR of 39.9% from 2023 to 2030. (2024)

Robotic process automation is a type of business process automation technology that relies on artificial intelligence/digital workforce or metaphorical software robots. Software robotics is another name for it. Software called RPA makes it simple to create, deploy, and manage software robots that mimic how people interact with digital devices and software.

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Robotic Process Automation Market Size, Share & Trends Report Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 39.9% during the forecast period 2023-2030. North American market for Robotic Process Automation Market Size, Share & Trends Report Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030

For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:

North America

Asia-Pacific

Europe

Middle East and Africa

South America

The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

For competitor segment, the report include global key players of Robotic Process Automation Market Size, Share & Trends Report Market as well as some small players. The information for each competitor include:

Company Profile

Main Business Information

SWOT Analysis

Sales Volume, Revenue, Price and Gross Margin

Market Share

By Type

Software

Service

Consulting

Implementing

Training

In 2022, the robotic process automation service category is anticipated to have a 62.3% market share. Consulting, implementing, and training sessions are included in the service component. Due to increased business rivalry, RPAA service providers have improved the services they give. The need for RPA as a service has been fueled by ongoing improvements in automation services that offer great scalability and reduce cost. RPA as a service implementation helps the organisation discover the automation possibilities that need to be optimised and then builds business cases by focusing on the right vendor selection for a step towards pilot project deployment.

By Deployment

Cloud

On-premise

The robotic process automation market's on-premises segment is anticipated to have the highest proportion, or 78.9%, in 2022. Businesses may make sure RPA access controls adhere to internal standards by deploying RPA on-premise. Additionally, it aids in guiding client RPA systems in terms of requirements.During the time of forecasting, there is predicted to be considerable expansion in the robotic process automation market's cloud sector. When customers use RPA cloud services, RPA service providers buy and convert licences for them, enabling clients to put RPA bots into processes and make both instantly operable.

By Organisation

Large Enterprises

Small & Medium Enterprises

The robotic process automation market's big business segment is anticipated to have a 66.0% market share in 2022. RPA is being used by large businesses to cut down on time wasted on routine tasks and free up time for strategic decision-making. RPA also assists big businesses in minimising human error, increasing labour productivity, and lowering overhead costs. For current clients, RPA suppliers have extended licencing terms during the COVID-19 pandemic at no additional expense, allowing them to take advantage of RPA during the pandemic.

From 2023 to 2030, the SME category is anticipated to have the greatest CAGR. Due to RPA's flexibility, cost-effectiveness, lower technical risks, and increased organisational efficiency, SMEs are strongly pushing for its adoption.

By Application

BFSI

Pharma & Healthcare

Retail & Consumer Goods

Information Technology (IT) & Telecom

Communication and Media & Education

Manufacturing

Logistics and Energy & Utilities

Others

The robotic process automation market's BFSI sector, which will make up 29.1% of the total market in 2022, will have the highest revenue share. RPA is used in the financial sector to assist banks and other financial organisations in automating business procedures such as depositing money, creating new accounts, and granting loans, among others. RPA installation also increases productivity and workflow speed. Additionally, it opens the door to RPA and AI integration, which is necessary for the BFSI industry to establish new policies and services.The proliferation of businesses in the robotic process automation market that provide RPA solutions specifically designed for the BFSI industry has also aided the segment's expansion throughout the course of the forecast period. For instance, UiPath provides an RPA solution for the BFSI industry that has twice the capacity for transaction processing and a reconciliation time that is 80% quicker.

By Region

North America

APAC

Europe

South America

Middle East & Africa

In 2022, Europe had a revenue share of over 40.0%, and throughout the projected period, the regional market is anticipated to expand gradually. To tackle climate change and cut greenhouse gas emissions, the European Union has set lofty goals.Due to the region's rapid infrastructure development, Asia Pacific is predicted to grow at a fast CAGR of more than 17.0% throughout the projection period.

Companies

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