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(I-SoftwareNews.Com, October 11, 2018 ) Global Robotic Process Automation Market is expected to grow from US$ 198.4 million in 2017 to US$ 6869.6 million by 2025 at a CAGR of 55.5% between 2018 and 2025. RPA software is particularly useful for organizations that have many different, complicated systems that are required to interact together effortlessly.
Reason to Buy:
Highlights key business priorities in order to assist companies to realign their business strategies
- Understand new and emerging developments in major region and impact of that on overall market.
- Identify key market drivers and restraints in market and to take align business in order to get maximum profit
- The key findings and recommendations highlight crucial progressive industry trends in this market, thereby allowing players across the value chain to develop effective long term strategies.
- Highlights key business priorities in order to assist companies to realign their business strategies
- Helps clients to overcome challenges expected to restrict growth prospects of this market during the forecast period
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Some of the key players of Robotic Process Automation Market include Blue Prism Group Plc., WorkFusion, UiPath, Thoughtonomy Ltd., NICE Ltd., Automation Anywhere Inc., Softomotive, Pegasystems Inc., Redwood Software, and Kryon Systems includes and among others.
Global robotic process automation market has been categorized into two major segments including software and service. Service is further bi-furcated by training and professional services. Some of the professional services included in the report are consulting, system integration and support & maintenance. The rapid growth incidences of the companies have legitimated robotic process automation as an invention with a potential to transform all the industries virtually at a scale. The market at the moment is facing significant traction of scalable robotic process automation software organizations that have a broad array of applications to offer and caters to potential clients across various sectors. This trend is valuable contributing towards the growth of robotic process automation software for the coming years.
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The global robotic process automation market exhibit high growth in near future. Some of the major driving factors contributing to the market growth are increased opportunities arising at the early stage within the BPO & shared services, cost benefits offered by robotic process automation, and rapid product innovation by the technology providers. However, lack of impactful potential for SMBs and frequent alterations in operating procedures and business rules impacting the robotic process automation efficiency. These are some of restraining factors behind the slow growth of robotic process automation market during the forecast period.
Latest market study on “Robotic Process Automation (RPA) Market – Component (Software and Services) Services (Training and professional Services) and Verticals (BFSI, Telecommunication, Retail, Manufacturing, Transportation & Logistics, and Others) Global Analysis and Forecast”, the RPA market is estimated to reach US$ 6869.6 million by 2025 from US$ 198.4 million in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Table of Content:
1. INTRODUCTION 13
1.1 SCOPE OF THE STUDY 13
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 13
2. KEY TAKEAWAYS 14
3. RPA MARKET LANDSCAPE 16
3.1 MARKET OVERVIEW 16
3.2 MARKET SEGMENTATION 17
3.2.1 RPA Market – By Component 18
3.2.2 RPA Market – By Services 18
3.2.3 RPA Market – By Vertical 19
3.2.4 RPA Market – By Geography 19
3.3 PEST ANALYSIS 20
3.3.1 North America PEST Analysis 20
3.3.2 Europe PEST Analysis 22
3.3.3 Asia Pacific PEST Analysis 24
3.3.4 Middle East & Africa PEST Analysis 26
3.3.5 South America PEST Analysis 28
The Insight Partners