Title:
Robotic Process Automation Market, By Type (Software and Services), By Organization, By Application and Geography (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) - Analysis, Share, Trends, Size, & Forecast from 2014 - 2025.
REPORT HIGHLIGHT
The Robotic Process Automation Market was valued at USD 590.8 million by 2018, growing with 28.9% CAGR during the forecast period, 2019-2025.
Global Robotic Process Automation Market Exhibit a CAGR of 28.9%; Growing Adoption of Machine Learning Algorithms to Provide Impetus for Growth
Automation has played a major role in the development of several industrial operations across the world. The advancements in the field of embedded systems and robotics has created a huge potential for growth. The rapid incorporation of concepts such as the internet of things (IoT), artificial intelligence (AI), machine learning, and predictive analysis has sparked several innovations in the field of automation. The aforementioned concepts have proved fruitful for several large-scale and medium scale industrial operations. The increasing adoption of concepts such as machine learning and AI-driven robots has emerged in favour of robotic process automation (RPA) market growth.
Despite Ethical Barriers, Market to Rise at a Steady Rate, Owing to Advancements in Collaborative Technologies
Factors such as minimal upfront investments and adaption to changing business environment will contribute to an increase in the global robotic process automation market size in the coming years. Furthermore, reduced maintenance costs and improved efficiency will open up a huge potential for the robotic process automation market growth. Having said that, the market growth is restrained due to a few factors such as ethical barriers, hesitancy in reliance on automated bots, and difficulties in upgrade or flexibility in operations. Despite these factors, the growing market penetration by leading companies and incorporation of collaborative technologies such as cloud computation and the internet of things will overpower market restraint, which in turn will aid the growth of the global robotic process automation market in the near future.
Resulting from the High Product Demand, Services Type to Emerge as the Dominating Segment
Based on product type, the market is classified into software and services. Due to healthy market competition, companies are focused on providing enhanced services such as advisory and consultation. Proper guidance and consultation will help users function with reduced costs and improved efficiency. The services segment accounted for more than 50% of the global robotic process automation market share in 2018 and the groing demand will aid the growth of this segment in the coming years.
BFSI Application Segment to Witness Steady Growth
In recent years, automation has taken over industrial manufacturing processes. Automation allows an overall increase in efficiency and accuracy of several processes. The reduction in manual labour leads to subsequent decrease in manually occurring errors, thereby resulting in lesser operation costs. Among several major applications of robotic process automation, the BFSI application will emerge as the leading segment in the coming years. The demand for automated business tasks such as data entry, formulations, and a few other repetitive tasks will lead to a wider scope for growth. Thee BFSI segment will generate the highest robotic process automation market revenue in the forthcoming years.
RPA Systems to Witness the Highest Adoption in Small Scale Enterprises
Recent advancements in RPA technologies have led to strong market competition. As a result, companies are offering services at lower costs and this strategy has favour the small scale enterprises (SMEs). Benefits such as reduced investment, low maintenance costs, and lesser manual labour costs will offer a huge growth potential for SMEs. As a result, the SME segment is projected to account for a huge RPA market share throughout the forecast period.
RPA Market Leaders
The global robotic process automation market derives growth from the increasing investment by some of major companies. A few of the leading companies that have made their name heard on the global stage are: Genfour, Cicero Inc., Be Informed B.V., Atos SE, Genpact Ltd, Infosys Ltd, Kofax Ltd., OpenConnect Systems Inc., UiPath Inc., Thoughtonomy and Verint Systems Inc.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year - 2014 to 2017
- Base Year - 2018
- Estimated Year - 2019
- Projected Year - 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPES
- Software
- Services
- Implementation
- Consulting
- Training
MARKET, BY ORGANIZATION TYPE
- Large Enterprises
- Medium and Small Enterprises
- Others
MARKET, BY APPLICATION
- Retail
- Telecom & IT
- BFSI
- Manufacturing
- Pharma & Healthcare
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. ROBOTIC PROCESS AUTOMATION MARKET OVERVIEW
- 1.1. Study Scope
- 1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Types
- 2.1.2. Market Snippet by Organization Type
- 2.1.3. Market Snippet by Application
- 2.1.4. Market Snippet by Region
- 2.2. Competitive Insights
3. ROBOTIC PROCESS AUTOMATION KEY MARKET TRENDS
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. ROBOTIC PROCESS AUTOMATION INDUSTRY STUDY
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. ROBOTIC PROCESS AUTOMATION MARKET LANDSCAPE
- 5.1. Market Share Analysis
- 5.2. Key Innovators
- 5.3. Breakdown Data, by Key Manufacturer
- 5.3.1. Established Player Analysis
- 5.3.2. Emerging Player Analysis
6. ROBOTIC PROCESS AUTOMATION MARKET - BY TYPES
- 6.1. Overview
- 6.1.1. Segment Share Analysis, By Types, 2018 & 2025 (%)
- 6.2. Software
- 6.2.1. Overview
- 6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 6.3. Services
- 6.3.1. Overview
- 6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 6.3.3. Implementation
- 6.3.3.1. Overview
- 6.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 6.3.4. Consulting
- 6.3.4.1. Overview
- 6.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 6.3.5. Training
- 6.3.5.1. Overview
- 6.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
7. ROBOTIC PROCESS AUTOMATION MARKET - BY ORGANIZATION TYPE
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Organization Type, 2018 & 2025 (%)
- 7.2. Large Enterprises
- 7.2.1. Overview
- 7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 7.3. Medium and Small Enterprises
- 7.3.1. Overview
- 7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 7.4. Others
- 7.4.1. Overview
- 7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
8. ROBOTIC PROCESS AUTOMATION MARKET - BY APPLICATION
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2018 & 2025 (%)
- 8.2. Retail
- 8.2.1. Overview
- 8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 8.3. Telecom & IT
- 8.3.1. Overview
- 8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 8.4. BFSI
- 8.4.1. Overview
- 8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 8.5. Manufacturing
- 8.5.1. Overview
- 8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 8.6. Pharma & Healthcare
- 8.6.1. Overview
- 8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 8.7. Others
- 8.7.1. Overview
- 8.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
9. ROBOTIC PROCESS AUTOMATION MARKET- BY GEOGRAPHY
- 9.1. Introduction
- 9.1.1. Segment Share Analysis, By Region, 2018 & 2025 (%)
- 9.2. North America
- 9.2.1. Overview
- 9.2.2. Key Manufacturers in North America
- 9.2.3. North America Market Size and Forecast, By Country, 2014 - 2025 (US$ Million)
- 9.2.4. North America Market Size and Forecast, By Types, 2014 - 2025 (US$ Million)
- 9.2.5. North America Market Size and Forecast, By Organization Type, 2014 - 2025 (US$ Million)
- 9.2.6. North America Market Size and Forecast, By Application, 2014 - 2025 (US$ Million)
- 9.2.7. U.S.
- 9.2.7.1. Overview
- 9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.2.8. Canada
- 9.2.8.1. Overview
- 9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.3. Europe
- 9.3.1. Overview
- 9.3.2. Key Manufacturers in Europe
- 9.3.3. Europe Market Size and Forecast, By Country, 2014 - 2025 (US$ Million)
- 9.3.4. Europe Market Size and Forecast, By Types, 2014 - 2025 (US$ Million)
- 9.3.5. Europe Market Size and Forecast, By Organization Type, 2014 - 2025 (US$ Million)
- 9.3.6. Europe Market Size and Forecast, By Application, 2014 - 2025 (US$ Million)
- 9.3.7. Germany
- 9.3.7.1. Overview
- 9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.3.8. Italy
- 9.3.8.1. Overview
- 9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.3.9. United Kingdom
- 9.3.9.1. Overview
- 9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.3.10. France
- 9.3.10.1. Overview
- 9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.3.11. Rest of Europe
- 9.3.11.1. Overview
- 9.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.4. Asia Pacific (APAC)
- 9.4.1. Overview
- 9.4.2. Key Manufacturers in Asia Pacific
- 9.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 - 2025 (US$ Million)
- 9.4.4. Asia Pacific Market Size and Forecast, By Types, 2014 - 2025 (US$ Million)
- 9.4.5. Asia Pacific Market Size and Forecast, By Organization Type, 2014 - 2025 (US$ Million)
- 9.4.6. Asia Pacific Market Size and Forecast, By Application, 2014 - 2025 (US$ Million)
- 9.4.7. India
- 9.4.7.1. Overview
- 9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.4.8. China
- 9.4.8.1. Overview
- 9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.4.9. Japan
- 9.4.9.1. Overview
- 9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.4.10. South Korea
- 9.4.10.1. Overview
- 9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.4.11. Rest of APAC
- 9.4.11.1. Overview
- 9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.5. Latin America
- 9.5.1. Overview
- 9.5.2. Key Manufacturers in Latin America
- 9.5.3. Latin America Market Size and Forecast, By Country, 2014 - 2025 (US$ Million)
- 9.5.4. Latin America Market Size and Forecast, By Types, 2014 - 2025 (US$ Million)
- 9.5.5. Latin America Market Size and Forecast, By Organization Type, 2014 - 2025 (US$ Million)
- 9.5.6. Latin America Market Size and Forecast, By Application, 2014 - 2025 (US$ Million)
- 9.5.7. Brazil
- 9.5.7.1. Overview
- 9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.5.8. Mexico
- 9.5.8.1. Overview
- 9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.5.9. Argentina
- 9.5.9.1. Overview
- 9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.5.10. Rest of LATAM
- 9.5.10.1. Overview
- 9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.6. Middle East and Africa
- 9.6.1. Overview
- 9.6.2. Key Manufacturers in Middle East and Africa
- 9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2014 - 2025 (US$ Million)
- 9.6.4. Middle East and Africa Market Size and Forecast, By Types, 2014 - 2025 (US$ Million)
- 9.6.5. Middle East and Africa Market Size and Forecast, By Organization Type, 2014 - 2025 (US$ Million)
- 9.6.6. Middle East and Africa Market Size and Forecast, By Application, 2014 - 2025 (US$ Million)
- 9.6.7. Saudi Arabia
- 9.6.7.1. Overview
- 9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
- 9.6.8. United Arab Emirates
- 9.6.8.1. Overview
- 9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
10. KEY VENDOR ANALYSIS
- 10.1. UiPath Inc.
- 10.1.1. Company Snapshot
- 10.1.2. Financial Performance
- 10.1.3. Types Benchmarking
- 10.1.4. Strategic Initiatives
- 10.2. Cicero Inc.
- 10.3. Be Informed B.V.
- 10.4. Infosys Limited
- 10.5. Genfour
- 10.6. Genpact Limited
- 10.7. Kofax Ltd.
- 10.8. OpenConnect Systems Inc.
- 10.9. Atos SE
- 10.10. Thoughtonomy
- 10.11. Verint Systems Inc.
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
- 12.1. Research Methodology
- 12.2. References
- 12.3. Abbreviations
- 12.4. Disclaimer
- 12.5. Contact Us
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