Robotic Process Automation Market, By Service Type (Professional Services and Training Services), By Organization Type (Small & Medium Enterprise and Large Enterprises), By Application (Banking, Financial Services and Insurance (BFSI), Telecom and IT, Healthcare, Retail, Manufacturing, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2029

Report Code: PMI98819 | Publish Date: April 2024 | No. of Pages: 168

Global Robotic Process Automation Market Overview

Introduction:

Robotic process automation (RPA) is an application software technology with capabilities of artificial intelligence and machine learning which are used for handling high volume, and repeatable tasks. RPA allows employees to configure and program computer software or a robot to interpret exiting application in the organization for manipulating data, processing transactions and communicating with digital systems. The RPA is similar to traditional IT automation but the major difference between these technologies is, RPA is capable of learning itself and adaptive to changing circumstances which a traditional IT automation system lacks. Robotic process automation tools helps in speeding up the process, centralize applications, eliminate errors, and provide cost cutting solutions.

Global Robotic Process Automation Market Dynamics

Growing demand for process automation tools and services from various industries across the globe is the major factor driving growth of the robotic process automation market. In addition, ease in business processes, increased efficiency, cost-effective, and highly profitable operation provided by RPA propels the growth of the global market. Rapid industrialization, deployment of smart factories, and increasing adoption of artificial intelligence and machine learning techniques across various sectors are other factors driving growth of the target market. These factors are expected to further fuel the global market growth over the forecast period. However, data insecurity risk and less potential for RPA in knowledge-based business processes limit growth of this global market. However, some developing, and underdeveloped countries suffer from lack of awareness about robotic process automation tools, and services which is another factor restraining growth of the target market. Furthermore, integration of new technologies with robotic process automation is expected to provide numerous opportunities for the global market.

Global Robotic Process Automation Market Segmentation

Robotic process automation market is segmented based on service type, organization type, application, and region.

On the basis of service type, the global market is segmented into professional services and training services. Based on organization type, the target market is segmented into small & medium enterprise and large enterprises. On the basis of application, the global market is bifurcated into banking, financial services and insurance (BFSI), telecom and it, healthcare, retail, manufacturing, and others.

 Regional Insights:

On the basis of region, the robotic process automation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the robotic process automation market in terms of revenue share, and is expected to maintain its dominance over the forecast period. This revenue growth and global market dominance can be contributed to early adoption of virtual and next generation technology, coupled with presence of major vendors in the US. The market in Europe accounts for second position in the global market, and is expected to witness moderate growth over the forecast period. The market in Asia Pacific is expected to witness significant growth over the forecast period, owing to increasing adoption of automated solutions, and services by various industries in countries in this region.

Global Robotic Process Automation Market Key Players

The key players operating in the robotic process automation market includes Pegasystems Inc., Nice Systems Ltd., Automation Anywhere, Inc., Blue Prism PLC, Ipsoft, Inc., Celaton Ltd., Redwood Software, Uipath SRL, Verint System Inc., and Xerox Corporation. 

Global Robotic Process Automation Market Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Service Type
      • Market Snippet, By Organization Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Market Segmentation, By Service Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Professional Services
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Training Services
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Market Segmentation, By Organization Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Small & Medium Enterprise
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Large Enterprise
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Market Segmentation, By Application, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Banking
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Financial Services and Insurance (BFSI)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Telecom and IT
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Healthcare
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Retail
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Manufacturing
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Organization Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Organization Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Organization Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Organization Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Organization Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Pegasystems Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Nice Systems Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Automation Anywhere, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Blue Prism PLC
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Ipsoft, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Celaton Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Redwood Software
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Uipath SRL, Verint System Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Xerox Corporation 
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Verint System Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
    • Analyst Views
  9. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The Robotic Process Automation market is segmented into basis of service type, organization type, application, and region.

Robotic process automation market is driven by growing demand for process automation tools and services from various industries across the globe.

By region, North America robotic process automation market accounted for major revenue share of the robotic process automation market and is further anticipated to maintain its dominance over the forecast period.

The Key players operating in the Robotic Process Automation market include Pegasystems Inc., Nice Systems Ltd., Automation Anywhere, Inc., Blue Prism PLC, Ipsoft, Inc., Celaton Ltd., Redwood Software, Uipath SRL, Verint System Inc., and Xerox Corporation.