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(I-SoftwareNews.Com, January 18, 2018 ) Market Highlights:
According to a recent study report published by the Market Research Future, The global market of Robotic Process Automation is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The Global Robotic Automation Process Market is driven by the improved operation cost for businesses, growing usage of smartphones, demand for enterprise resource planning, emergence of artificial intelligence and machine learning technology. On the other hand, the installation cost of robotic process automation software and lack of technical expertise is hindering the growth of Robotic Process Automation Market.
The automated manufacturing & production process offers high potential leverage for improving productivity and profits for industrial process thereby reduce energy consumption and cost associated with the manufacturing process. Components such as programmable controllers, PACs, industrial robots, process control system, PLM software and discrete sensors are some of the popular products deployed by industrialist to automate their manufacturing and production process. Industrial robots have the ability of producing high quality products with accuracy and can generate high return on investment for the investors and also bring safety on the workplace. Automation technology is capable of replacing accidents caused in agriculture and manufacturing industries. Further, Owing to high demand of smartphones in consumer market, major smartphone manufacturing companies such as Apple, Samsung, Xiaomi, Oppo, has started deploying robotic process automation in their complex production process. Foxconn technology, a leading smartphone manufacturing company, has replaced their employees with robots to speed up the production process in order to meet the increasing demand in the consumer market.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2209
Major Key Players
Broadcom Limited (U.S.),
Denso Wave Incorporation (U.S.),
ABB Ltd. (U.S.),
Nachi Robotic System Inc. (U.S.),
Pegasystems (U.S.),
Redwood Software (U.S.),
Samsung Electronics Co. Ltd. (South Korea),
Huawei Technologies Co. Ltd. (China),
LG Corporation (South Korea),
Foxconn Technology Group (Taiwan),
Fanuc Corporation (Japan),
Seiko Epson Corporation (Japan),
Nice Systems Ltd. (Israel),
Yaskawa Electric Corporation (Japan),
KUKA Robotics (Germany)
The Robotic Process Automation Market is expected to grow at approximately USD 2,700 Million by 2023, at 29% of CAGR between 2017 and 2023.
Industry News
25 July 17 - The robotic process automation does have impactful potential for small & medium size companies but the analysis and application needs to a lot more granular and explicit about avenues of costs savings beyond head-count reductions.
July 12, 2017- Zurich Insurance Company Ltd (Zurich), a leading multi-line insurer, and Capgemini, a global leader in consulting, technology and outsourcing, won the Information Services Group (ISG) Paragon Award Europe in the Collaboration category for their joint Robotic Process Automation (RPA) projects.
Browse Full Report @ https://www.marketresearchfuture.com/reports/robotic-process-automation-market-2209
Competitive Analysis
The Market of Robotic Process Automation appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms. Prominent vendors of Robotic Process Automation targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to invent new Robotic Process Automation modules that match the changing trends and needs across the globe. These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain leadership position in the market. An ever-increasing emphasis has been observed among Robotic Process Equipment industry marketers on inbound lead generation over branding-oriented efforts.
Intended Audience
Investors and consultants
System Integrators
Government Organizations
Research/Consultancy firms
Technology solution providers
IT Solution Providers
Supply Chain & Logistics Organizations
Original Equipment Manufacturers
Healthcare & Pharmaceutical Industry
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:,
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Marketresearchfuture
Market Research Future
+1 (646) 845 9349
sales@wiseguyreports.com
Source: EmailWire.Com 
Source: EmailWire.com
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