Global Robotic Process Automation Market Size, Trends & Growth Opportunity, By Type (Tools, Service, and Travel Logistics), By Service (Consulting, Implementing,, and Training), By Application (BFSI, Pharmaceutical & Healthcare, Retail & Consumer Goods, IT & Telecom, Communication and Media & Education, Manufacturing, and Others), By Region and Forecast till 2027
Report ID : IR100410 | Industries : Energy & Power | Published On :May 2024 | Page Count : 230
Global Robotic Process Automation Market Size, Trends & Growth Opportunity, By Type (Tools, Service, and Travel Logistics), By Service (Consulting, Implementing,, and Training), By Application (BFSI, Pharmaceutical & Healthcare, Retail & Consumer Goods, IT & Telecom, Communication and Media & Education, Manufacturing, and Others), By Region and Forecast till 2027
Global Robotic Process Automation Market
The global Robotic Process Automation market was valued at USD 1.89 billion in 2021 and it is expected to reach at USD 14.21 billion in 2027 at a CAGR of 38.2 % during forecast period 2022-2027.
Robotic Process Automation allows faster implementation, and scaling of the huge volume data resulting in less time consumption and reduced overhead expense of organizations. Ease in business process is the main advantage of robotic process automation. Continuous technological advancements and increase in demand for robotics process automation by organizations will fuel the market growth.
Market Drivers
Increase in demand for automation of redundant tasks in the business process with machine learning and artificial intelligence enhancements is the key driving factor which is expected to boost the global robotic process automation market growth. The integration of technology to automate the repetitive task across various industries has resulted in reduced human error, increased throughput, and accelerated work. Combination of robotic process automation with cognitive technologies like machine learning, speech recognition, NLP (Natural Language Processing) is capable of handling higher-order tasks with AI assistance without human’s decision making capabilities.
COVID-19 Impact
increase in COVID-19 pandemic will positively contribute the market growth. Due to COVID 19 effect has resulted in inclination towards cost saving by reducing the number of employees involved in performing the task and improvement of work efficiency.
Recent development
In 2022, Fabric, a automation company,and Reply, which offer brands and retailers seamless integration to a single-point solution for a warehouse management system and automated robotic fulfillment.In 2022, a robotic process automation vendor paterned with new robotic process automation tools for process discovery and document processing.
Market Restraints
However, lack of awareness regarding robotic process automation is the major challenging factor which is expected to hinder the global robotic process automation market growth. Also, data insecurity risk hindering the implementation of market in the financial sector will affect the market growth.
Market Segmentation
Global Robotic Process Automation Market is segmented into type such as Tools, Services and Travel Logistics, by service such as Consulting, Implementing, and Training, by deployment such as Cloud, and On-premise, by organization size such as Large Enterprise, and Small and Medium Size Enterprise. Further, market is segmented into application such as BFSI, Pharmaceutical & Healthcare, Retail & Consumer Goods, IT & Telecom, Communication and Media & Education, Manufacturing, and Others.
Also, Global Robotic Process Automation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Ipsoft, Inc., Blue Prism PLC, Automation Anywhere, Pegasystems Inc., Nice Systems Ltd., Celaton Ltd., Redwood Software, Uipath SRL, Verint System Inc., and Xerox Corporation
Market Taxonomy
By Type
• Tools
• Services
• Travel Logistics
By Service
• Consulting
• Implementing
• Training
By Deployment
• Cloud
• On-premise
By Organization Size
• Large Enterprise
• Small and Medium Size Enterprise
By Application
• BFSI
• Pharmaceutical & Healthcare
• Retail & Consumer Goods
• IT & Telecom
• Communication and Media & Education
• Manufacturing
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Robotic Process Automation Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Robotic Process Automation Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Robotic Process Automation Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Robotic Process Automation Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Robotic Process Automation Market Share Analysis, By Type
5.3 Global Robotic Process Automation Market Size and Forecast, By Type
5.3.1 Tools
5.3.2 Services
5.3.3. Travel Logistics
6 Global Robotic Process Automation Market, By Service
6.1 Y-o-Y Growth Comparison, By Service
6.2 Global Robotic Process Automation Market Share Analysis, By Service
6.3 Global Robotic Process Automation Market Size and Forecast, By Service
6.3.1 Consulting
6.3.2 Implementing
6.3.3. Training
7 Global Robotic Process Automation Market, By Deployment
7.1 Y-o-Y Growth Comparison, By Deployment
7.2 Global Robotic Process Automation Market Share Analysis, By Deployment
7.3 Global Robotic Process Automation Market Size and Forecast, By Deployment
7.3.1 Cloud
7.3.2 On-Premise
8 Global Robotic Process Automation Market, By Organization Size
8.1 Y-o-Y Growth Comparison, By Organization Size
8.2 Global Robotic Process Automation Market Share Analysis, By Organization Size
8.3 Global Robotic Process Automation Market Size and Forecast, By Organization Size
8.3.1 Large Enterprise
8.3.2 Small and Medium Size Enterprises
9 Global Robotic Process Automation Market, By Application
9.1 Y-o-Y Growth Comparison, By Application
9.2 Global Robotic Process Automation Market Share Analysis, By Application
9.3 Global Robotic Process Automation Market Size and Forecast, By Application
9.3.1 BFSI
9.3.2 Pharmaceutical & Healthcare
9.3.3 Retail & Consumer Goods
9.3.4. IT & Telecom
9.3.5 .Communication, Media & Education
9.3.6. Manufacturing
9.3.7. Others
10Global Robotic Process Automation Market, By Region
10.1 Global Robotic Process Automation Market Share Analysis, By Region
10.2 Global Robotic Process Automation Market Share Analysis, By Region
10.3 Global Robotic Process Automation Market Size and Forecast, By Region
11 North America Robotic Process Automation Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 North America Robotic Process Automation Product Market Share Analysis, By Type
11.3 North America Robotic Process Automation Product Market Size and Forecast, By Service
11.4 North America Robotic Process Automation Product Market Size and Forecast, By Deployment
11.5 North America Robotic Process Automation Product Market Size and Forecast, By Organization Size
11.6North America Robotic Process Automation Product Market Size and Forecast, By Application
11.7 North America Robotic Process Automation Product Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12Europe Robotic Process Automation Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Europe Robotic Process Automation Product Market Share Analysis, By Type
12.3 Europe Robotic Process Automation Product Market Size and Forecast, By Service
12.4 Europe Robotic Process Automation Product Market Size and Forecast, By Deployment
12.5 Europe Robotic Process Automation Product Market Size and Forecast, By Organization Size
12.6 Europe Robotic Process Automation Product Market Size and Forecast, By Application
12.7 Europe Robotic Process Automation Product Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13Asia Pacific Robotic Process Automation Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Asia Pacific Robotic Process Automation Product Market Share Analysis, By Type
13.3 Asia Pacific Robotic Process Automation Product Market Size and Forecast, By Service
13.4 Asia Pacific Robotic Process Automation Product Market Size and Forecast, By Deployment
13.5 Asia Pacific Robotic Process Automation Product Market Size and Forecast, By Organization Size
13.6 Asia Pacific Robotic Process Automation Product Market Size and Forecast, By Application
13.7 Asia Pacific Robotic Process Automation Product Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14Latin America Robotic Process Automation Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Latin America Robotic Process Automation Product Market Share Analysis, By Type
14.3 Latin America Robotic Process Automation Product Market Size and Forecast, By Service
14.4 Latin America Robotic Process Automation Product Market Size and Forecast, By Deployment
14.5 Latin America Robotic Process Automation Product Market Size and Forecast, By Organization Size
14.6 Latin America Robotic Process Automation Product Market Size and Forecast, By Application
14.7 Latin America Robotic Process Automation Product Market Size and Forecast, By Country
15Middle East Robotic Process Automation Market Analysis and Forecast (2022 – 2027)
15.1 Introduction
15.2 Middle East Robotic Process Automation Product Market Share Analysis, By Type
15.3 Middle East Robotic Process Automation Product Market Size and Forecast, By Service
15.4 Middle East Robotic Process Automation Product Market Size and Forecast, By Deployment
15.5 Middle East Robotic Process Automation Product Market Size and Forecast, By Organization Size
15.6 Middle East Robotic Process Automation Product Market Size and Forecast, By Application
15.7 Middle East Robotic Process Automation Product Market Size and Forecast, By Country
16Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17Company Profiles
17.1 Ipsoft, Inc
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 Blue Prism PLC
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 Automation Anywhere
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Pegasystems Inc
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Nice Systems Ltd
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Celaton Ltd
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Redwood Software
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Uipath SRL
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Verint System Inc
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Xerox Corporation
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies