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Robotic Process Automation Market Size, Share & Trends Analysis Report by Type (Software, Service), by Application (BFSI, Retail), by Organization, by Service, by Deployment, by Region, and Segment Forecasts, 2020 - 2027

  • ID: 4668038
  • Report
  • July 2020
  • Region: Global
  • 140 pages
  • Grand View Research

FEATURED COMPANIES

  • Automation Anywhere Inc.
  • Blue Prism
  • EdgeVerve Systems Limited
  • FPT Software
  • HelpSystems
  • KOFAX INC.
Robotic Process Automation Market Growth & Trends

The global robotic process automation market size is expected to reach USD 25.66 billion by 2027, expanding at a CAGR of 40.6% over the forecast period. The organization's need to automate structured, repetitive processes to focus on core business activities and reduce operation time and effort is anticipated to drive the growth. The Robotic Process Automation (RPA) can be implemented across various business departments to automate numerous processes such as employee, customer, vendor onboarding, payroll processing, order processing, and report aggregation.

The integration of technology to automate the repetitive task across industries has resulted in accelerated work, reduced human error, and increased throughput. The combination of RPA with cognitive technologies such as speech recognition, machine learning, and Natural Language Processing (NLP) is capable of handling higher-order tasks with Artificial Intelligence (AI) assistance without humans' decision-making capabilities. RPA was designed to reduce the repetitive task by following a set of predefined procedures that do not require knowledge or insights, while the integration of AI allows RPA softbots to function as a knowledge-based dynamic system-to work beyond an automated cognitive system. The application of RPA from the bill of materials to customer query handling with the intelligence of AI has led to a high growth trajectory of the RPA market.

The COVID-19 pandemic effect has resulted in inclination towards cost saving by reducing the number of employees involved in performing the redundant task or improving the efficiency of its workforce using automation software. Specifically, the adoption of robotic process automation has increased in small and medium organizations that need to monitor its cost and human resource more precisely to save on additional and unwanted expenses. The significant benefit of RPA for SMEs includes improved employee and customer satisfaction, enhanced compliance, and accelerated productivity gains with reduced cost and time. Moreover, large enterprises are also adopting RPA to improve their business operation due to the implication of remote working that has affected the overall company business. Hence, changing workforce dynamics is expected to increase the adoption of RPA over the forecast period.

Robotic Process Automation Market Report Highlights
  • Robotic Process Automation market is anticipated to reach USD 25.56 Billion by 2027. The higher demand for automating the process to save time and reduce operational cost is driving market growth over the forecast period.
  • The BFSI segment is anticipated to grow at a CAGR of 40.1% over the forecast period.
  • North America held the dominant market share of approximately 37% in 2019. Asia Pacific, on the other hand, is anticipated to exhibit the fastest CAGR over the forecast period.
  • Some of the major players present in the market are UiPath, Automation Anywhere, Blue Prism, NICE, Pegasystems, KOFAX INC, NTT Advanced Technology Corporation, EdgeVerve Systems Limited, FPT software, OnviSource, Inc. and HelpSystems. These major players in the RPA market exhibit robust product offerings and presence across the world.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Automation Anywhere Inc.
  • Blue Prism
  • EdgeVerve Systems Limited
  • FPT Software
  • HelpSystems
  • KOFAX INC.
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2.Market Definition
1.3. Information procurement
1.3.1. Purchased database
1.3.2. Analyst's internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4 Primary research
1.4. Information Analysis
1.5. Market Formulation & Data Validation
1.6. List Of Abbreviations

Chapter 2 Executive Summary
2.1 Market Snapshot

Chapter 3 Robotic Process Automation - Market Variable, Trend & Scope
3.1 Penetration and Growth Prospect Mapping
3.2 Robotic Process Automation Market: Value Chain Analysis
3.3 Market Variable Analysis
3.3.1 Market Driver Analysis
3.3.2 Industry Challenges
3.4 Business Environment Analysis Tool
3.4.1 Robotic Process Automation Market: Pestel Analysis
3.4.2 Robotic Process Automation Market: Porter’s Analysis
3.5 Robotic Process Automation Market: Competitive Insight
3.5.1 Robotic Process Automation Market: Key Company Analysis 2019
3.5.2 Major Deals & Strategic Alliances Analysis

Chapter 4 Robotic Process Automation Market - Type Segment Analysis
4.1 Software
4.1.1 Sofware Market, 2016 - 2027 (USD Million)
4.2 Services
4.2.1 Services Market, 2016 - 2027 (USD Million)

Chapter 5 Robotic Process Automation Market - Service Segment Analysis
5.1 Consulting
5.1.1 Consulting Service Robotic Process Automation Market, 2016 - 2027 (USD Million)
5.2 Implementing
5.2.1 Implementing Service Robotic Process Automation Market, 2016 - 2027 (USD Million)
5.3 Training
5.3.1 Training Service Robotic Process Automation Market, 2016 - 2027 (USD Million)

Chapter 6 Robotic Process Automation Market - Deployment Segment Analysis
6.1 Cloud
6.1.1 Cloud Robotic Process Automation Market, 2016 - 2027 (USD Million)
6.2 On-Premise
6.2.1 On-Premise Robotic Process Automation Market, 2016 - 2027 (USD Million)

Chapter 7 Robotic Process Automation Market - Organization Segment Analysis
7.1 Large Enterprises
7.1.1 Large Enterprises Robotic Process Automation Market, 2016 - 2027 (USD Million)
7.2 Small and Medium Enterprises (SMEs)
7.2.1 Small and Medium Enterprises Robotic Process Automation Market, 2016 - 2027 (USD Million)

Chapter 8 Robotic Process Automation Market - Application Segment Analysis
8.1 BFSI
8.1.1 BFSI Robotic Process Automation Market, 2016 - 2027 (USD Million)
8.2 Pharma & Healthcare
8.2.1 Pharma & Healthcare Robotic Process Automation Market, 2016 - 2027 (USD Million)
8.3 Retail & Consumer Goods
8.3.1 Retail & Consumer Goods Robotic Process Automation Market, 2016 - 2027 (USD Million)
8.4. Information Technology (IT) & Telecom
8.4.1 Information Technology (IT) & Telecom Robotic Process Automation Market, 2016 - 2027 (USD Million)
8.5 Communication and Media & Education
8.5.1 Communication and Media & Education Robotic Process Automation Market, 2016 - 2027 (USD Million)
8.6 Manufacturing
8.6.1 Manufacturing Robotic Process Automation Market, 2016 - 2027 (USD Million)
8.7 Logistics, and Energy & Utilities
8.7.1 Logistics, and Energy & Utilities Robotic Process Automation Market, 2016 - 2027 (USD Million)
8.8 Others
8.8.1 Others Robotic Process Automation Market, 2016 - 2027 (USD Million)

Chapter 9 LED Lighting-Market: Regional Outlook
9.1 North America
9.1.1 North America Robotic Process Automation Market By Type, 2016 - 2027 (USD Million)
9.1.2 North America Robotic Process Automation Market By Service, 2016 - 2027 (USD Million)
9.1.3 North America Robotic Process Automation Market By Deployment, 2016 - 2027 (USD Million)
9.1.4 North America Robotic Process Automation Market By Organization, 2016 - 2027 (USD Million)
9.1.5 North America Robotic Process Automation Market By Application, 2016 - 2027 (USD Million)
9.1.6 U.S.
9.1.6.1 U.S. Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.1.6.2 U.S. Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.1.6.3 U.S. Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.1.7 Canada
9.1.7.1 Canada Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.1.7.2 Canada Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.1.7.3 Canada Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.2 Europe
9.2.1 Europe Robotic Process Automation Market By Type, 2016 - 2027 (USD Million)
9.2.2 Europe Robotic Process Automation Market By Service, 2016 - 2027 (USD Million)
9.2.3 Europe Robotic Process Automation Market By Deployment, 2016 - 2027 (USD Million)
9.2.4 Europe Robotic Process Automation Market By Organization, 2016 - 2027 (USD Million)
9.2.5 Europe Robotic Process Automation Market By Application, 2016 - 2027 (USD Million)
9.2.6 France
9.2.6.1 France Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.2.6.2 France Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.2.6.3 France Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.2.7 Germany
9.2.7.1 Germany Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.2.7.2 Germany Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.2.7.3 Germany Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.2.8 U.K.
9.2.8.1 U.K. Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.2.8.2 U.K. Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.2.8.3 U.K. Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.3 Asia Pacific
9.3.1 Asia Pacific Robotic Process Automation Market By Type, 2016 - 2027 (USD Million)
9.3.2 Asia Pacific Robotic Process Automation Market By Service, 2016 - 2027 (USD Million)
9.3.3 Asia Pacific Robotic Process Automation Market By Deployment, 2016 - 2027 (USD Million)
9.3.4 Asia Pacific Robotic Process Automation Market By Organization, 2016 - 2027 (USD Million)
9.3.5 Asia Pacific Robotic Process Automation Market By Application, 2016 - 2027 (USD Million)
9.3.6 China
9.3.6.1 China Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.3.6.2 China Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.3.6.3 China Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.3.7 India
9.3.7.1 India Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.3.7.2 India Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.3.7.3 India Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.3.8 Japan
9.3.8.1 Japan Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.3.8.2 Japan Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.3.8.3 Japan Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.3.9 ANZ
9.3.9.1 ANZ Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.3.9.2 ANZ Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.3.9.3 ANZ Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.3.10 Singapore
9.3.10.1 Singapore Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.3.10.2 Singapore Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.3.10.3 Singapore Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.3.11 ASEAN
9.3.11.1 ASEAN Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.3.11.2 ASEAN Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.3.11.3 ASEAN Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.4 Latin America
9.4.1 Latin America Robotic Process Automation Market By Type, 2016 - 2027 (USD Million)
9.4.2 Latin America Robotic Process Automation Market By Service, 2016 - 2027 (USD Million)
9.4.3 Latin America Robotic Process Automation Market By Deployment, 2016 - 2027 (USD Million)
9.4.4 Latin America Robotic Process Automation Market By Organization, 2016 - 2027 (USD Million)
9.4.5 Latin America Robotic Process Automation Market By Application, 2016 - 2027 (USD Million)
9.4.6 Brazil
9.4.6.1 Brazil Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.4.6.2 Brazil Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.4.6.3 Brazil Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.4.7 Mexico
9.4.7.1 Mexico Robotic Process Automation market by type, 2016 - 2027 (USD Million)
9.4.7.2 Mexico Robotic Process Automation market by service, 2016 - 2027 (USD Million)
9.4.7.3 Mexico Robotic Process Automation market by organization, 2016 - 2027 (USD Million)
9.5 MEA
9.5.1 MEA Robotic Process Automation Market By Type, 2016 - 2027 (USD Million)
9.5.2 MEA Robotic Process Automation Market By Service, 2016 - 2027 (USD Million)
9.5.3 MEA Robotic Process Automation Market By Deployment, 2016 - 2027 (USD Million)
9.5.4 MEA Robotic Process Automation Market By Organization, 2016 - 2027 (USD Million)
9.5.5 MEA Robotic Process Automation Market By Application, 2016 - 2027 (USD Million)

Chapter 10 Company Profiles
10.1 UiPath
10.1.1 Company Overview
10.1.2 Financial Performance
10.1.3 Product Benchmarking
10.1.4 Recent Developments
10.2 Automation Anywhere Inc.
10.2.1 Company Overview
10.2.2 Financial Performance
10.2.3 Product Benchmarking
10.2.4 Recent Developments
10.3 NICE
10.3.1 Company Overview
10.3.2 Financial Performance
10.3.3 Product Benchmarking
10.3.4 Recent Developments
10.4 Blue Prism
10.4.1 Company Overview
10.4.2 Financial Performance
10.4.3 Product Benchmarking
10.4.4 Recent Developments
10.5 Pegasystems
10.5.1 Company Overview
10.5.2 Financial Performance
10.5.3 Product Benchmarking
10.5.4 Recent Developments
10.6 KOFAX INC.
10.6.1 Company Overview
10.6.2 Financial Performance
10.6.3 Product Benchmarking
10.6.4 Recent Developments
10.7 NTT Advanced Technology Corporation
10.7.1 Company Overview
10.7.2 Financial Performance
10.7.3 Product Benchmarking
10.7.4 Recent Developments
10.8 EdgeVerve Systems Limited
10.8.1 Company Overview
10.8.2 Financial Performance
10.8.3 Product Benchmarking
10.8.4 Recent Developments
10.9 FPT Software
10.9.1 Company Overview
10.9.2 Financial Performance
10.9.3 Product Benchmarking
10.9.4 Recent Developments
10.10 OnviSource, Inc.
10.10.1 Company Overview
10.10.2 Financial Performance
10.10.3 Product Benchmarking
10.10.4 Recent Developments
10.11 HelpSystems
10.11.1 Company Overview
10.11.2 Financial Performance
10.11.3 Product Benchmarking
10.11.4 Recent Developments

Note: Product cover images may vary from those shown
  • UiPath
  • Automation Anywhere Inc.
  • NICE
  • Blue Prism
  • Pegasystems
  • KOFAX INC.
  • NTT Advanced Technology Corporation
  • EdgeVerve Systems Limited
  • FPT Software
  • OnviSource, Inc.
  • HelpSystems
Note: Product cover images may vary from those shown

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