#robotic process automation Market

[trendingreportz]

Robotic Process Automation Market - Forecast(2025 - 2031)

Robotic Process Automation Market Overview

The Robotic Process Automation Market is estimated to reach USD22.14 billion by 2030, growing at a CAGR of 35.9% during the forecast period 2024-2030. Robotic process automation (RPA) is an automation software technology that makes it simple to design, deploy and manage software robots that resemble how people interact with digital systems and software. . Hyperautomation refers to the integration of various automation technologies, including RPA, artificial intelligence (AI), machine learning (ML), and process mining, to automate and optimize end-to-end business processes comprehensively. This trend involves expanding the scope of automation beyond routine, repetitive tasks to encompass complex, rule-based processes that involve decision-making and analysis. By combining RPA with AI and other advanced technologies, organizations can achieve greater efficiency, agility, and scalability in their operations, leading to increased productivity and cost savings. Intelligent automation involves the use of cognitive technologies, such as natural language processing (NLP), computer vision, and predictive analytics, to enable RPA bots to perform tasks that require cognitive capabilities. Cognitive RPA goes beyond rule-based automation by allowing bots to understand unstructured data, make decisions, and adapt to dynamic environments. This trend enables organizations to automate more sophisticated processes, enhance customer experiences, and drive innovation. By leveraging cognitive RPA, businesses can unlock new opportunities for growth and competitive advantage in an increasingly digital and data-driven world. 

Report Coverage

The “Robotic Process Automation Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Robotic Process Automation Market.

By Form: Attended Automation, Unattended Automation and Hybrid RPA.

By Solutions: Automated Software Solutions (Tools and Services, Software robot, Self-learning solutions, Rule-Based Operation, Knowledge-Based Operation, Cognitive automation, Enterprise software, Programmable RPA bots, Others), Decision Support Solutions and Interaction Solutions.

By Deployment: On-premises and Cloud.

By Organization Size: Small & Medium scale enterprises and Large scale enterprises.

By Application: Administration and reporting, Customer support, Data migration and capture, Data analysis, Compliance and Others.

By End-users: Aerospace and Defense, BFSI, Automobile, Food & Beverage, Retail, Governments, Education, Manufacturing, Transportation and Logistics, Telecommunication & IT, Energy and Utilities, Healthcare and Others.

By Geography: North America (the U.S., Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Others), APAC (China, Japan, South Korea, India, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa).

Request Sample

Key Takeaways

The large-scale enterprise segment held the largest share with 70% in the RPA market by organization size, in 2021. The high adoption of RPA in large-scale enterprises is driven by the growing demand for automation processes in complex business processes to gain maximum productivity.

The Retail sector segment by end users in the Robotic Process Automation Market is expected to grow fastest at a CAGR of 38.2% during the forecast period 2022-2027. The high adoption of RPA in the retail sector is due to its rapid switch to digital modes for efficient management and tracking of business activities.

Asia-Pacific is expected to grow the fastest at a CAGR of 39.1% in the Robotic Process Automation Market during the forecast period 2022-2027. The widescale adoption of RPA in this region is driven by the increasing adoption of technologically advanced RPA systems for handling complex business processes.

The high adoption of RPAaaS to eliminate the licensing cost for RPA is driving the market growth.

Robotic Process Automation Market Segment Analysis - by Organization Size

The Robotic Process Automation Market by organization size has been segmented into small & medium scale enterprises and large-scale enterprises. The large-scale enterprise segment held the largest share with 70% in the RPA market by organization size, in 2022. The high adoption of RPA in large-scale enterprises is driven by the growing demand for automation processes in complex business processes to gain maximum productivity. The leading companies are adopting new strategies such as extended licensing terms and supplemental software items to improve the RPA already in use. In April 2022, FPT Software Company stated that it would be giving its current customers a free extension on the licensing of its product.

Inquiry Before Buying

Robotic Process Automation Market Segment Analysis - by End-users

The Robotic Process Automation Market by end users has been segmented into aerospace and defense, BFSI, automobile, food & beverage, retail, governments, education, manufacturing, transportation and logistics, telecommunication & IT, energy and utilities, healthcare and others. The retail sector segment by end users in the Robotic Process Automation Market is expected to grow fastest at a CAGR of 38.2% during the forecast period 2024-2030. The high adoption of RPA in the retail sector is due to its rapid switch to digital modes for efficient management and tracking of business activities such as accounting and finance, customer service management and customer behavior analysis. In July 2022, Comtec Information System in their report stated that the use of RPA in retail sectors can save more than $2 trillion in the global workforce.

Robotic Process Automation Market Segment Analysis - by Geography

The Robotic Process Automation Market by geography is segmented into North America, Europe, APAC, South America and RoW. Asia Pacific is expected to grow at the fastest CAGR with 39.1%, during the forecast period 2024-2030. The widescale adoption of RPA in this region is driven by the increasing adoption of technologically advanced RPA systems for handling complex business processes. In 2022, the Blue Prism report stated several organizations in this are adopting intelligent RPA technology that uses machine learning for more complex business processes. It also stated Australia topped the list of organizations using RPA in APAC followed by India with 78% and 49% respectively.

Schedule a Call

Robotic Process Automation Market Drivers

The high adoption of RPAaaS to eliminate the licensing cost for RPA is driving the market growth.

RPAaaS eliminate the licensing cost for RPA. The RPAaaS enables zero cost for bot licensing as it is hosted on a cloud. It offers 100% faster deployment as no installation is required. The software will be also automated through the cloud automatically. This is expected to fuel market growth as the above factors will encourage more companies to adopt the technology. In July 2022, AutomationEdge a leading AI-powered IT automation and robotic process automation company in their report mentioned how RPAaaS will power the mid-market growth over the next few years.

The advancement in the latest technology like optical character recognition (OCR), machine learning and robotics process automation analytics is fueling the market expansion.

The latest technology such as optical character recognition (OCR), machine learning and robotics process automation analytics are integrated into the RPA. This led to the development of an intelligent automation system having Tools and Services & Decision Support solutions. This is expected to eliminate desk interaction by 40%, by 2025. In Jan 2022, an article published by NICE stated that OCR in RPA-enabled organizations is quipped to automate a large volume of operational business processes, particularly tasks that still depend heavily on scanned paperwork such as customer-completed forms.

Buy Now

Robotic Process Automation Market Challenge

The lack of awareness among enterprises about the advantages of RPA can restrict the market growth.

Lack of knowledge among enterprises on the full potential of robotic process automation and reluctance to invest in the integration of the software are two major challenges to the Robotic Process Automation Market growth. Most organizations are unaware of the full potential of robotic process automation and how digital transformation can help reduce the overall cost for the company. In Jan 2022, Techwire Asia in their survey report stated that 47% of organizations have not implemented due to lack of awareness, budget constraints and privacy concerns

Robotic Process Automation Industry Outlook

Product launches, collaborations, and R&D activities are key strategies adopted by players in the Robotic Process Automation Market. The Robotic Process Automation Market's top 10 companies include:

 IPsoft, Inc.

Verint Systems Inc.

Blue Prism Group plc

Xerox Corporation

Redwood Software

FPT Software Ltd.

Kofax Inc.

NICE Ltd Inc.

UiPath

OnviSource, Inc.

Recent Developments

In August 2022, macami.ai a robotic process automation company launched a new intelligent automation system which explores the integration of robotic process automation and artificial intelligence.

[sarena1995]

Robotic Process Automation Market Size, Growth, Major Players, Analysis and Forecast 2027 | Credence Research

The latest market report published by Credence Research, Inc. "the global robotic process automation market was US$ 898.3 Mn in 2018 and is expected to reach US$ 10,781.0 Mn by 2027", growing at a CAGR of 31.8% from 2019 to 2027.

In the epoch of digital transformation, Robotic Process Automation (RPA) has carved out a niche, affirming its potency as a catalyst in reshaping the operational landscape of various industries. The RPA market, escalating with rapid pace, is steering organizations towards unprecedented productivity, efficacy, and innovation, by automating mundane, repetitive tasks and allowing the human workforce to focus on more strategic, analytical, and creative endeavors.

RPA has gained prominence for its ability to mimic human interactions with digital systems. It carries out repetitive, rule-based processes by interacting with user interfaces, thereby mitigating the burden on human operators. From data entry, extraction, and migration to managing emails and processing transactions, RPA robots facilitate numerous administrative and clerical tasks with unparalleled accuracy and speed.

Browse the Full Report: https://www.credenceresearch.com/report/robotic-process-automation-market

The financial sector is one of the predominant adopters of RPA, leveraging the technology to handle tasks such as account maintenance, transaction processing, and compliance reporting. Similarly, the healthcare industry employs RPA bots for patient scheduling, billing, and claims processing, ensuring reduced errors and enhanced patient experience. The spectrum of RPA’s applicability extends to various other domains like retail, telecommunication, and manufacturing, indicating its versatile utility.

While the advantages of RPA are multifaceted, including improved accuracy, cost efficiency, and customer service, its implementation is not without challenges. The integration of RPA requires a meticulous understanding of existing processes, strategic planning, and a culture that is conducive to change. Ensuring that RPA is embedded seamlessly within organizational structures and processes necessitates an inclusive approach that combines technological upgrades with skilling and re-skilling of the workforce.

In this digital age, scalability and agility have become pivotal for survival and growth. The advent of intelligent automation, which combines RPA with artificial intelligence (AI) and machine learning (ML), is propelling the market towards more sophisticated and intuitive solutions. Intelligent RPA bots not only execute predefined tasks but also learn and adapt from data patterns and user interactions, thereby enhancing decision-making capabilities and providing a competitive edge.

[rajasglobal]

Explore the dynamic landscape of Robotic Process Automation (RPA) in our comprehensive 2023 market analysis. Discover key trends, emerging technologies, and the transformative impact of RPA on industries worldwide. In today's rapidly evolving business landscape, efficiency and agility are paramount. Robotic Process Automation (RPA) has emerged as a pivotal technology, streamlining operations across various industries. This blog post delves into the intricacies of the RPA market, providing insights into its current state, key trends, and the profound impact it's having on businesses worldwide.

[gmiresearch]

https://www.nasseej.net/blogs/67502/Robotic-Process-Automation-Market-is-projected-to-grow-at-a

The factors driving growth of the Robotic Process Automation Market includes increasing application of robotic process automation for data entry, accounting/finance, procurement detail, and record keeping, growing demand for automation in Business Process Outsourcing (BPO) sector and improvements in the living standards.

[bhumikaa]

United States Robotic Process Automation Market Share

The United States robotic process automation market size was valued at USD 1.3 billion in 2024 and is projected to surge to USD 11.3 billion by 2033, growing at a robust CAGR of 27.6% from 2025 to 2033. The U.S. holds a significant market share, driven by widespread adoption across industries seeking operational efficiency and cost reduction.

[apieinvestavimapaprastai]

UiPath Inc. Stock Price Forecast: Is It the Right Time to Invest?

Explore UiPath Inc.stock price forecasts, and investment insights. Discover why this leading RPA company could be a valuable #UiPathInc #PATH #investment #stockmarket #stockpriceforecast #stockgrowth #ArtifacialIntelligence #stocinsights #NyseUiPath

UiPath Inc. is a global software company specializing in robotic process automation (RPA) and AI-powered automation. Founded in 2005 by Daniel Dines and Marius Tîrcă in Bucharest, Romania, UiPath’s platform helps businesses automate repetitive tasks, streamline workflows, and boost productivity. The company’s headquarters are in New York City, and it operates in over 31 countries. Continue…

[priyarao-01]

Robotic Process Automation: Boosting Efficiency Across Industries

What if you could delegate the most tedious tasks in your workday to a digital assistant who never tires, gets bored, or makes mistakes?

Robotic Process Automation (RPA) technology is revolutionizing business operations by automating repetitive tasks. With the precision of a Swiss watch and the agility of a ninja, RPA enables businesses to concentrate on innovation while minimizing errors and enhancing efficiency. In 2022, 85% of large enterprises adopted RPA, establishing it as a key solution for increasing productivity. Moreover, a survey by Automation Anywhere found that 78% of respondents plan to significantly boost their budgets for automation.

Understanding Robotic Process Automation (RPA): Benefits and Challenges

Robotic Process Automation (RPA) is revolutionizing business operations by automating repetitive, rule-based tasks. RPA leverages software bots that replicate human actions to execute processes such as data entry, invoice processing, and customer service inquiries. These bots adhere to predefined workflows and are activated by specific events or conditions, allowing for seamless automation of routine tasks without human intervention.

The benefits of RPA for businesses are significant. By automating mundane tasks, RPA enhances operational efficiency and accuracy, thereby reducing the likelihood of errors associated with manual processes. This results in considerable cost savings, as tasks that previously required hours of human effort can now be completed in minutes. Additionally, RPA enables employees to concentrate on more strategic, value-added activities, thereby improving job satisfaction and productivity.

However, adopting RPA presents challenges, including resistance to change, integration issues with existing systems, and the need for ongoing maintenance. To overcome these challenges, organizations should emphasize clear communication about the benefits of RPA, offer comprehensive training, and choose scalable, flexible RPA solutions that integrate seamlessly with their current technology infrastructure.

Having explored what Robotic Process Automation (RPA) is and its benefits, let’s now examine how this technology is being utilized across various industries to drive efficiency and accuracy.

Real-World Applications of Robotic Process Automation (RPA)

RPA in Finance: Enhancing Accuracy and Fraud Prevention

RPA is transforming the finance industry by automating complex, data-intensive tasks. It plays a critical role in reconciling bank statements, automating loan processing, and significantly reducing the risk of human error. Additionally, RPA supports fraud detection and prevention by continuously monitoring transactions for suspicious activities. In customer onboarding and Know Your Customer (KYC) verification, RPA ensures regulatory compliance while expediting the process.

For example, KeyBank, a regional American bank, adopted RPA early to boost efficiency and accuracy in its operations. RPA in banking automates processes like invoice management, purchase orders, and accounts receivable, allowing KeyBank to streamline payments and deliver smoother, error-free transactions at every stage.

RPA in Healthcare: Improving Patient Care and Operational Efficiency

RPA in healthcare is making significant strides by improving both patient care and administrative efficiency. Automating patient data entry and management ensures accurate records with minimal manual intervention. RPA also optimizes appointment scheduling and reminders, reducing no-shows and enhancing clinic management. Additionally, it streamlines medical records management, ensuring that patient information is always up-to-date and easily accessible.

A UK-based startup, T-Systems, is utilizing RPA to develop healthcare solutions, including a system for tracking the time and location of organs during transplant operations. Similarly, India-based Feat Systems offers an RPA-enabled web app that automates appointment creation, reminders, and cancellations, making the process more accessible and efficient for users.

RPA in Customer Service: Revolutionizing Response Times and Experience

RPA is transforming customer service by automating repetitive tasks, improving response times, and ensuring that customer inquiries are handled efficiently. Automated customer service processes such as ticket routing, order processing, and fulfillment are accelerated, resulting in faster delivery times and an enhanced customer experience. RPA-powered chatbots offer 24/7 support, addressing routine inquiries and escalating more complex issues to human agents.

For instance, Vaasan Sähkö Group leverages automation to enhance customer communication, leading to improved satisfaction. Sisua Digital implemented the Kyösti robot for Y-Foundation to boost customer service operations and deliver swift, reliable support.

RPA in Human Resources: Streamlining Employee Management

In human resources, RPA is transforming traditionally manual and time-consuming tasks such as employee onboarding and offboarding. Automation ensures consistency and compliance with company policies while assisting with time and attendance management by providing accurate tracking and reporting.

Romanian startup Aggranda specializes in creating intelligent automation solutions for HR companies. It automates routine tasks like data entry, payroll management, and time tracking, significantly reducing manual effort and streamlining HR processes.

What’s Next for Robotic Process Automation?

Robotic Process Automation (RPA) is evolving rapidly, especially when integrated with artificial intelligence (AI). By automating repetitive tasks, RPA allows employees to shift their focus to more strategic, creative, and value-driven activities, fostering a more engaged and productive workforce. Industry projections suggest that by 2030, AI-powered automation technologies could replace up to 30% of work hours in the United States.

The future of RPA looks bright, with advancements such as cognitive automation, machine learning integration, and cloud-based RPA solutions on the horizon. These innovations will further transform business operations, offering greater scalability, flexibility, and efficiency, setting the stage for a new era of automation.

[comparableau]

Global Robotic process automation in Aerospace market was valued at 6.5 billion is expected to grow at a skyrocket CAGR of ~24% during the forecast period (2023-2030).

[datadiscoveriesdaily]

Robotic Process Automation in BFSI Market Key Players, Industry Overview, Application and Analysis to 2024 to 2031

Robotic Process Automation in BFSI Market: Navigating the Future of Financial Operations

The Robotic Process Automation in BFSI Market was valued at 710.63 Billion in 2022 and expected to grow at CAGR of 40.1% over forecast period. In the dynamic landscape of the Banking, Financial Services, and Insurance (BFSI) sector, the integration of Robotic Process Automation (RPA) has emerged as a transformative force, reshaping traditional workflows and operational paradigms. RPA, a technology that utilizes robots or 'bots' to automate repetitive tasks, is gaining widespread adoption in the BFSI sector due to its potential to enhance efficiency, reduce operational costs, and mitigate risks.

Get the PDF Sample Copy (Including FULL TOC, Graphs, and Tables) of this report @ https://www.sanglobalresearch.com/request-sample/3039

Overview:

The BFSI sector, being data-intensive and compliance-driven, has recognized the significance of RPA in optimizing processes. RPA in BFSI involves the deployment of software robots to perform rule-based tasks, such as data extraction, validation, and reconciliation, across various functions like customer onboarding, account management, fraud detection, and regulatory compliance. This automation not only accelerates routine tasks but also ensures accuracy, enabling financial institutions to redirect human resources to more strategic and value-added activities.

Drivers:

Several factors fuel the rapid adoption of RPA in the BFSI sector. One of the primary drivers is the quest for operational efficiency. RPA streamlines mundane tasks, allowing financial institutions to handle vast volumes of data swiftly and accurately. Cost reduction is another compelling driver as RPA diminishes the need for manual intervention, leading to significant savings in labor costs. Additionally, regulatory compliance is a critical aspect of the BFSI sector, and RPA ensures adherence to stringent norms by minimizing errors and ensuring consistency in processes.

Restraints:

Despite the promising prospects, the integration of RPA in BFSI is not without challenges. One notable constraint is the initial investment required for implementation. While the long-term benefits are substantial, some financial institutions may hesitate due to the upfront costs associated with acquiring and implementing RPA solutions. Moreover, concerns regarding data security and privacy may act as a deterrent, especially in an industry where safeguarding sensitive customer information is paramount.

Growth Factors:

The growth of RPA in BFSI is propelled by its adaptability to diverse processes within the sector. As financial institutions increasingly recognize the potential of RPA to enhance customer experience, the technology is witnessing widespread adoption. Moreover, the scalability of RPA solutions ensures that they can be tailored to fit the unique requirements of different organizations, irrespective of their size or complexity. The continuous advancements in RPA technology, including the incorporation of artificial intelligence and machine learning capabilities, further contribute to its sustained growth in BFSI.

Future Outlook:

The future of RPA in BFSI appears promising, with ongoing technological advancements and a growing emphasis on digital transformation. The integration of cognitive capabilities, such as natural language processing and sentiment analysis, will elevate RPA from rule-based automation to a more intelligent and adaptive solution. This evolution is expected to drive innovation in areas like customer service, risk management, and decision-making processes, positioning RPA as a cornerstone of BFSI's digital evolution.

In conclusion, the integration of Robotic Process Automation in the BFSI sector represents a transformative shift in operational dynamics. As financial institutions navigate the challenges of a rapidly evolving landscape, RPA stands out as a key enabler of efficiency, cost-effectiveness, and compliance. While hurdles exist, the numerous drivers and growth factors underscore the inevitability of RPA becoming an integral part of the future of BFSI operations.

Get Customization on this Report: https://www.sanglobalresearch.com/customization/3039

Key Companies Profiled:  NICE; Nintex UK Ltd. (Kryon Systems); Pegasystems Inc.; Protiviti Inc.; UiPath; WorkFusion, Inc., Antworks, Atos SE; Automation Anywhere, Inc.; Blue Prism Limited; EdgeVerve Systems Ltd.; FPT Software; IBM; Kofax Inc.; Microsoft (Softomotive)

Global Robotic Process Automation in BFSI Market, Report Segmentation

Robotic Process Automation in BFSI Market, By Type

Software

Services

Services

Robotic Process Automation in BFSI Market, By Organization

SMEs

Large Enterprises

Robotic Process Automation in BFSI Market, By Application

Banking

Financial Services & Insurance

Global Anti-aging Devices Market, Regional Outlook

North America (U.S., Canada, and Mexico)

Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

South America (Brazil, Argentina, and Rest of South America)

Middle East & Africa (South Africa, UAE, and Rest of ME&A)

To know about the assumptions considered for the study download the pdf brochure:  https://www.sanglobalresearch.com/report/robotic-process-automation-in-bfsi-market/3039

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

Related Reports:

Artificial Intelligence Market: https://sanglobalresearch.com/report/artificial-intelligence-market/3027

Artificial Intelligence in Construction Market: https://sanglobalresearch.com/report/artificial-intelligence-in-construction-market/3026

About Us:

At San Global Research Report, we pride ourselves on our commitment to quality and accuracy. Our team of experienced researchers utilizes a combination of quantitative and qualitative methods to ensure that our findings are both accurate and reliable. With a strong emphasis on responsiveness, transparency, and collaboration, we work closely with our clients to understand their objectives and deliver actionable insights. Learn more about our research approach and how it can benefit your business.

Contact Us:

Address: Gera Imperium Rise, Phase 2 Hinjewadi, Pune, India

San Global Research | Web: http://www.sanglobalresearch.com

Direct Line: +91 9209275355

E-mail: hello@sanglobalresearch.com