Monday, July 23, 2018

Robotic Process Automation Market is projected to Rise at a 60.42% CAGR Value from 2014 to 2023

Robotic Process Automation (RPA) Market was worth USD 0.77 billion in 2014 and is expected to reach approximately USD 54.39 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 60.42% during the forecast period.

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Crystal Market Research adds “Robotic Process Automation (RPA) Market – 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2023” reports to its database.

Regional Outlook and Trend Analysis:
North America ruled the market in 2016, and the trend is foreseen to continue over the estimate time frame. This is due to the increased penetration of automation and process management solutions across the region. Furthermore, the virtual workforce industry is also evolving, with a number of virtual workforce agencies beginning to develop to the U.S. market.

Competitive Insights:
The leading players in the market are Cicero Inc, Automation Anywhere, OpenConnect, Be Informed B.V, Kryon Systems Ltd, Atos, UiPath, IPsoft Inc, Cognizant Technology Solutions, Kofax and Genfour Ltd. These organizations provide a robust solution for automation of back-office processes with cost-effective and efficient software robot platform.

Industry Outlook and Trend Analysis:

Expanding interest for business process automation by making the use software robots and artificial intelligence are foreseen to be a key pattern for market development over the conjecture time frame. Enhancing centre business process with RPA empowers an association with tools to make its own particular programming and robotize any business procedure. Besides, its capacity to take in the innumerable aptitude while reliably completing recommended capacities and scaling up or down to take care of the demand is foreseen to be a potential driving variable for RPA market development over the estimate time frame.

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Service Outlook and Trend Analysis:
The digital revolution is advancing the connectivity of the business procedure with cutting edge advancements which incorporate RPA. The professional service is imperative to the association for coordination and advancement and foundation administration and in addition giving them application administration benefits and related consulting. An expanded appropriation of these arrangements among associations is impelling the development of the consulting and professional services.

Organization Outlook and Trend Analysis:
In recent past, there has been an upsurge in the consciousness of automation among SME organizations. A huge level of this technology is incorporated into service offerings gave by Business Process Organizations (BPO). Robot orchestration, concentrated robot dashboard administration, and venture level robot arrangements have prompted the surge in RPA selection by BPO suppliers.

Application Outlook and Trend Analysis:
RPA offers colossal opportunities in different enterprises by encouraging better administrations and advancing an existing business process. The enterprises, for example, telecom and IT and financial services have been the primary movers and led the pack with robotization in business process, while healthcare and manufacturing firms have as of late expanded footing. Its application in telecom and IT portion was esteemed at USD 65.6 million in 2016, developing at a CAGR of more than 60.0% over the gauge time frame.

The Robotic Process Automation (RPA) Market is segmented as follows-
By Service:
Training services
Professional services

By Organization:
Large enterprises
Small and medium enterprise

By Application:
Telecom/IT
Retail
BFSI
Healthcare
Manufacturing
Others

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By Region:
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA

Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

What makes our report unique?
1) An extensive research study on the Global Robotic Process Automation (RPA) market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Robotic Process Automation (RPA) market.

2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.

3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

Major TOC of Robotic Process Automation (RPA) Market:
Part 1. Introduction

Part 2. Executive Summary

Part 3. Market Overview

Part 4. Market Analysis by Regions

Part 5. Robotic Process Automation (RPA) Market, By Application

Part 6. Robotic Process Automation (RPA) Market, By Services

Part 7. Robotic Process Automation (RPA) Market, By Product

Part 8. Robotic Process Automation (RPA) Market, By Region

Part 9. Company Profiles

Part 10. Global Robotic Process Automation (RPA) Market Competition, by Manufacturer

Part 11. Robotic Process Automation (RPA) Market Forecast (2018-2023)

…CONTINUED FOR TOC

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