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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, and Segment Forecasts, 2020 - 2027

  • ID: 4668038
  • Report
  • February 2020
  • Region: Global
  • 115 pages
  • Grand View Research
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FEATURED COMPANIES

  • Automation Anywhere Inc.
  • Blue Prism
  • Genpact Ltd
  • IPsoft, Inc.
  • Kofax
  • NICE
  • MORE
The global robotic process automation market size is expected to reach USD 10.7 billion by 2027, expanding at a CAGR of 33.6% from 2020 to 2027. Robotic process automation (RPA) offers a proven solution for enterprises that are hampered by challenges and inefficiencies associated with legacy business systems. RPA enables organizations to automate structured functions and allows increased focus on core business activities. Increasing adoption of automation software and services has enabled organizations to meet consumer expectations and offer enhanced customer management.

The role of technology and its integration within the organizations is evolving at a faster pace. The ever-increasing regulatory changes and the compliance functions are reducing the speed of work done by employees. This has resulted in the adoption of robotics process automation to manage the compliance functions in a better manner than employees. This, in turn, is contributing towards reduction in cost and safeguarding organization from non-compliance. The RPA industry is growing at an unprecedented rate because of the high levels of efficiency and productivity being achieved by automation. Companies like Automation Anywhere, UiPath, and Blue Prism happen to be the leading players in the RPA market. The players in the market are concentrated on developing improved and cost-effective solutions and offering enhanced customer experience. Automation Anywhere offers a complete digital workforce portfolio, featuring, Bot Store, Digital Workers, RPA mobile app, and IQ Bot. The company is focused on offering a better and comprehensive product portfolio to its customers.

Small and medium organizations have a limitation in terms of cost and human resources. These organizations are continuously striving to reduce costs by improving and outsourcing their business processes. Additionally, when it comes to operating a small organization, the main focus is keeping the operations lean. Significant benefits of RPA implementation include improved employee and customer satisfaction, accelerated productivity gains, and enhanced compliance. Even though RPA software can be found across all industries, the major adopters include insurance companies, banks, and telecom companies, and utility companies. RPA offers organizations with comprehensive intelligence and assists users with actionable information and better insights. Furthermore, the RPA processes are customizable and are aimed at operating with the existing and new regulations and standards. Thus, automation technologies can help organizations in streamlining different structured processes.

Further key findings from the report suggest:
  • The service segment dominated the robotic process automation market in 2019 and is projected to continue its dominance, expanding at a CAGR of 35.4% over the forecast period
  • The large enterprises segment held the leading market share of more than 67% in 2019
  • North America held the dominant market share of approximately 40% in 2019. Asia Pacific, on the other hand, is anticipated to exhibit the fastest CAGR over the forecast period
  • Prominent players operating in the RPA market include UiPath, Automation Anywhere, Inc., NICE, Blue Prism, Pegasystems, Kofax, NTT Advanced Technology Corporation, Genpact Ltd, EdgeVerve, and IPsoft, Inc.

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FEATURED COMPANIES

  • Automation Anywhere Inc.
  • Blue Prism
  • Genpact Ltd
  • IPsoft, Inc.
  • Kofax
  • NICE
  • MORE
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Methodology
1.3.1 Information Procurement
1.3.2 Purchased Database
1.3.3 Internal database
1.3.4 Secondary sources & third-party perspectives
1.3.5 Primary Research
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
1.7 List of Abbreviations

Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Global Robotic process automation Market
2.2.1 Robotic process automation market size & forecasts, 2016 - 2027 (USD Million)
2.2.2 Type Segment Trends
2.2.2.1 Robotic process automation market, by type, 2016 -2027 (USD Million)
2.2.3 Service Segment Trends
2.2.3.1 Robotic process automation market, by service, 2016 - 2027 (USD Million)
2.2.4 Organization Segment Trends
2.2.4.1 Robotic process automation market, by organization, 2016 - 2027 (USD Million)
2.2.5 Deployment Segment Trends
2.2.5.1 Robotic process automation market, by deployment, 2016 - 2027 (USD Million)
2.2.6 Application Trends
2.2.6.1 Robotic process automation market, by application, 2016 - 2027 (USD Million)
2.2.7 Regional Segment Trends
2.2.7.1 Robotic process automation market, by region, 2016 - 2027 (USD Million)

Chapter 3 Robotic process automation Market Variables, Trends & Scope
3.1 Market Segmentation
3.2 Robotic process automation - Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market Driver analysis
3.3.1.1 Need for reduced operational costs and increased efficiency
3.3.1.2 Growing demand for automation of business processes
3.3.2 Market challenge analysis
3.3.2.1 Rigidness of employees to switch from manual to automated process
3.4 Penetration and Growth Prospect Mapping
3.5 Industry Analysis Tool
3.5.1 Porter’s five forces analysis
3.5.2 Robotic process automation market - PEST analysis

Chapter 4 Robotic Process Automation Market: Competitive Analysis
4.1 Major Deals and Strategic Alliances, 2014 - 2018
4.2 Key Company Ranking Analysis, 2019

Chapter 5 Robotic Process Automation Market: Type Estimates & Trends Analysis
5.1 Type Market Analysis & Market Share, 2019 & 2027
5.2 Software
5.2.1 Global software market, by region, 2016 - 2027 (USD Million)
5.3 Service
5.3.1 Global service market, by region, 2016 - 2027 (USD Million)

Chapter 6 Robotic process automation Market: Service Estimates & Trends Analysis
6.1 Service Market Analysis & Market Share, 2019 & 2027
6.2 Consulting
6.2.1 Global consulting market, by region, 2016 - 2027 (USD Million)
6.3 Implementation
6.3.1 Global implementation market, by region, 2016 - 2027 (USD Million)
6.4 Training
6.4.1 Global training market, by region, 2016 - 2027 (USD Million)

Chapter 7 Robotic Process Automation Market: Organization Estimates & Trends Analysis
7.1 Organization Market Analysis & Market Share, 2019 & 2027
7.2 SMEs
7.2.1 Global SMEs market, by region, 2016 - 2027 (USD Million)
7.3 Large Enterprises
7.3.1 Global large enterprises market, by region, 2016 - 2027 (USD Million)

Chapter 8 Robotic Process Automation Market: Deployment Estimates & Trends Analysis
8.1 Deployment Market Analysis & Market Share, 2019 & 2027
8.2 Cloud
8.2.1 Global cloud market, by region, 2016 - 2027 (USD Million)
8.3 On-premise
8.3.1 Global on-premise market, by region, 2016 - 2027 (USD Million)

Chapter 9 Robotic Process Automation Market: Application Estimates & Trends Analysis
9.1 Application Market Analysis & Market Share, 2019 & 2027
9.2 BFSI
9.2.1 Global BFSI market, by region, 2016 - 2027 (USD Million)
9.3 Manufacturing
9.3.1 Global manufacturing market, by region, 2016 - 2027 (USD Million)
9.4 Pharma & Healthcare
9.4.1 Global pharma & healthcare market, by region, 2016 - 2027 (USD Million)
9.5 Retail
9.5.1 Global retail market, by region, 2016 - 2027 (USD Million)
9.6 Telecom & IT
9.6.1 Global transportation market, by region, 2016 - 2027 (USD Million)
9.7 Others
9.7.1 Global others market, by region, 2016 - 2027 (USD Million)

Chapter 10 Robotic Process Automation Market: Region Estimates & Trends Analysis
10.1 Regional Market Analysis & Market Share, 2019 & 2027
10.2 North America
10.2.1 North America robotic process automation market, by type, 2016 - 2027 (USD Million)
10.2.2 North America robotic process automation market, by service, 2016 - 2027 (USD Million)
10.2.3 North America robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.2.4 North America robotic process automation market, by deployment, 2016 - 2027 (USD Million)
10.2.5 North America robotic process automation market, by application, 2016 - 2027 (USD Million)
10.2.6 U.S.
10.2.6.1 U.S. robotic process automation market, by type, 2016 - 2027 (USD Million)
10.2.6.2 U.S. robotic process automation market, by service, 2016 - 2027 (USD Million)
10.2.6.3 U.S. robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.2.6.4 U.S. robotic process automation market, by application, 2016 - 2027 (USD Million)
10.2.7 Canada
10.2.7.1 Canada robotic process automation market, by type, 2016 - 2027 (USD Million)
10.2.7.2 Canada robotic process automation market, by service, 2016 - 2027 (USD Million)
10.2.7.3 Canada robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.2.7.4 Canada robotic process automation market, by application, 2016 - 2027 (USD Million)
10.3 Europe
10.3.1 Europe robotic process automation market, by type, 2016 - 2027 (USD Million)
10.3.2 Europe robotic process automation market, by service, 2016 - 2027 (USD Million)
10.3.3 Europe robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.3.4 Europe robotic process automation market, by deployment, 2016 - 2027 (USD Million)
10.3.5 Europe robotic process automation market, by application, 2016 - 2027 (USD Million)
10.3.6 U.K.
10.3.6.1 U.K. robotic process automation market, by type, 2016 - 2027 (USD Million)
10.3.6.2 U.K. robotic process automation market, by service, 2016 - 2027 (USD Million)
10.3.6.3 U.K. robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.3.6.4 U.K. robotic process automation market, by application, 2016 - 2027 (USD Million)
10.3.7 Germany
10.3.7.1 Germany robotic process automation market, by type, 2016 - 2027 (USD Million)
10.3.7.2 Germany robotic process automation market, by service, 2016 - 2027 (USD Million)
10.3.7.3 Germany robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.3.7.4 Germany robotic process automation market, by application, 2016 - 2027 (USD Million)
10.3.8 France
10.3.8.1 France robotic process automation market, by type, 2016 - 2027 (USD Million)
10.3.8.2 France robotic process automation market, by service, 2016 - 2027 (USD Million)
10.3.8.3 France robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.3.8.4 France robotic process automation market, by application, 2016 - 2027 (USD Million)
10.4 Asia Pacific
10.4.1 Asia Pacific robotic process automation market, by type, 2016 - 2027 (USD Million)
10.4.2 Asia Pacific robotic process automation market, by service, 2016 - 2027 (USD Million)
10.4.3 Asia Pacific robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.4.4 Asia Pacific robotic process automation market, by deployment, 2016 - 2027 (USD Million)
10.4.5 Asia Pacific robotic process automation market, by application, 2016 - 2027 (USD Million)
10.4.6 China
10.4.6.1 China robotic process automation market, by type, 2016 - 2027 (USD Million)
10.4.6.2 China robotic process automation market, by service, 2016 - 2027 (USD Million)
10.4.6.3 China robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.4.6.4 China robotic process automation market, by application, 2016 - 2027 (USD Million)
10.4.7 India
10.4.7.1 India robotic process automation market, by type, 2016 - 2027 (USD Million)
10.4.7.2 India robotic process automation market, by service, 2016 - 2027 (USD Million)
10.4.7.3 India robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.4.7.4 India robotic process automation market, by application, 2016 - 2027 (USD Million)
10.4.8 Japan
10.4.8.1 Japan robotic process automation market, by type, 2016 - 2027 (USD Million)
10.4.8.2 Japan robotic process automation market, by service, 2016 - 2027 (USD Million)
10.4.8.3 Japan robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.4.8.4 Japan robotic process automation market, by application, 2016 - 2027 (USD Million)
10.4.9 ANZ
10.4.9.1 ANZ robotic process automation market, by type, 2016 - 2027 (USD Million)
10.4.9.2 ANZ robotic process automation market, by service, 2016 - 2027 (USD Million)
10.4.9.3 ANZ robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.4.9.4 ANZ robotic process automation market, by application, 2016 - 2027 (USD Million)
10.4.10 Singapore
10.4.10.1 Singapore robotic process automation market, by type, 2016 - 2027 (USD Million)
10.4.10.2 Singapore robotic process automation market, by service, 2016 - 2027 (USD Million)
10.4.10.3 Singapore robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.4.10.4 Singapore robotic process automation market, by application, 2016 - 2027 (USD Million)
10.4.11 ASEAN
10.4.11.1 ASEAN robotic process automation market, by type, 2016 - 2027 (USD Million)
10.4.11.2 ASEAN robotic process automation market, by service, 2016 - 2027 (USD Million)
10.4.11.3 ASEAN robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.4.11.4 ASEAN robotic process automation market, by application, 2016 - 2027 (USD Million)
10.5 Latin America
10.5.1 Latin America robotic process automation market, by type, 2016 - 2027 (USD Million)
10.5.2 Latin America robotic process automation market, by service, 2016 - 2027 (USD Million)
10.5.3 Latin America robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.5.4 Latin America robotic process automation market, by deployment, 2016 - 2027 (USD Million)
10.5.5 Latin America robotic process automation market, by application, 2016 - 2027 (USD Million)
10.5.6 Brazil
10.5.6.1 Brazil robotic process automation market, by type, 2016 - 2027 (USD Million)
10.5.6.2 Brazil robotic process automation market, by service, 2016 - 2027 (USD Million)
10.5.6.3 Brazil robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.5.6.4 Brazil robotic process automation market, by application, 2016 - 2027 (USD Million)
10.5.7 Mexico
10.5.7.1 Mexico robotic process automation market, by type, 2016 - 2027 (USD Million)
10.5.7.2 Mexico robotic process automation market, by service, 2016 - 2027 (USD Million)
10.5.7.3 Mexico robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.5.7.4 Mexico robotic process automation market, by application, 2016 - 2027 (USD Million)
10.6 Middle East & Africa
10.6.1 Middle East & Africa robotic process automation market, by type, 2016 - 2027 (USD Million)
10.6.2 Middle East & Africa robotic process automation market, by service, 2016 - 2027 (USD Million)
10.6.3 Middle East & Africa robotic process automation market, by organization, 2016 - 2027 (USD Million)
10.6.4 Middle East & Africa robotic process automation market, by deployment, 2016 - 2027 (USD Million)
10.6.5 Middle East & Africa robotic process automation market, by application, 2016 - 2027 (USD Million)

Chapter 11 Company Profiles
11.1 UiPath
11.11.1 Company overview
11.11.2 Financial performance
11.11.3 Product benchmarking
11.11.4 Strategic initiatives
11.2 Automation Anywhere Inc.
11.2.1 Company overview
11.2.2 Financial performance
11.2.3 Product benchmarking
11.2.4 Strategic initiatives
11.3 NICE
11.3.1 Company overview
11.3.2 Financial performance
11.3.3 Product benchmarking
11.3.4 Strategic initiatives
11.4 Blue Prism
11.4.1 Company overview
11.4.2 Financial performance
11.4.3 Product benchmarking
11.4.4 Strategic initiatives
11.5 Pegasystems
11.5.1 Company overview
11.5.2 Financial performance
11.5.3 Product benchmarking
11.5.4 Strategic initiatives
11.6 Kofax
11.6.1 Company overview
11.6.2 Financial performance
11.6.3 Product benchmarking
11.6.4 Strategic initiatives
11.7 NTT Advanced Technology Corporation
11.7.1 Company overview
11.7.2 Financial performance
11.7.3 Product benchmarking
11.7.4 Strategic initiatives
11.8 Genpact Ltd
11.8.1 Company overview
11.8.2 Financial performance
11.8.3 Product benchmarking
11.8.4 Strategic initiatives
11.9 EdgeVerve (An Infosys Company)
11.9.1 Company overview
11.9.2 Financial performance
11.9.3 Product benchmarking
11.9.4 Strategic initiatives
11.10 IPsoft, Inc.
11.10.1 Company overview
11.10.2 Financial performance
11.10.3 Product benchmarking
11.10.4 Strategic initiatives

*Full List of Tables and Figures Available on Enquiry.
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  • UiPath
  • Automation Anywhere Inc.
  • NICE
  • Blue Prism
  • Pegasystems
  • Kofax
  • NTT Advanced Technology Corporation
  • Genpact Ltd
  • EdgeVerve (An Infosys Company)
  • IPsoft, Inc.
Note: Product cover images may vary from those shown
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