• Home News Robotic Process Automation Market | Robotic Process Automation Market Analysis Report 2017-2023

Robotic Process Automation Market | Robotic Process Automation Market Analysis Report 2017-2023

Posted 30 Sep-2019 11:25 AM by Alan | 112

The global robotic process automation market is expected to grow at a CAGR of 33.3% during 2017 – 2023 to reach USD 2,821.0 million by 2023. Factors propelling the growth of robotic process automation market include increasing adoption of RPA technology for enterprise scale deployments, implementation at broader scale enabling easy implementation and high return on investment. The report segments the robotic process automation market by solution (interaction solution, automated solution ((business process, industry specific, infrastructure automation, others)), decision support and management solution) by Process (rule based and knowledge based), by Type (software tools and services), by Application Services (BFSI, healthcare and life sciences, IT & telecom, transaction intelligence, consumer services, others), and by region (North America, Europe, Asia-Pacific, Rest of the world (ROW). The report studies the global robotic process automation market over the forecast period (2017-2023).

Robotic process automation technology involves application of smart software to perform high-volume, repeatable tasks such as data processing, entry and integration by reducing humans intervention offering quality ,reduced time thus,  increasing profit margin. Unlike traditional application processing software, robotic automation offers a platform easing the business processes.

Browse full research report with TOC on “Robotic Process Automation changing the spectrum of business processing, to witness a CAGR of 33.3% during 2017 – 2023”at: https://www.energiasmarketresearch.com/global-robotic-process-automation-market-outlook/ 

To purchase report: [email protected]

Key findings from global robotic process automation market

  • The automated solution is accounted to hold for largest share of robotic process automation market in 2016. Further, the infrastructure automation is expected to register high growth rate on account of increasing implementation of RPA technology in shared service organizations such as BPOs
  • Banking financial services and insurance (BFSI) application services is expected to grow at highest rate. The BFSI sector is in continuous effort to reduce the operation cost and increasing profit margins increasing the adoption rate of RPA technology
  • Geographically, North America is the largest market adopting RPA technology in the small and large scale businesses. The growth in the region is primarily due to presence of large players and continuous development of the RPA technology over the past few years
  • The adoption of RPA technology in Asia-Pacific region is set to register high CAGR over the forecast period. The increasing adoption  and spending in healthcare, automotive and retail services drives the demand for the implementation of RPA in the region
  • Key players in robotic process automation Market are Peg systems Inc., Blue Prism PLC, Verint System Inc., Xerox Corporation, IBM, Arago Us, Inc., Accenture, Thoughtonomy Ltd., Ipsoft, Inc., Soft motive Ltd. among others.

Robotic Process automation- Alternate to outsourcing

RPA being an emerging technology is being adopted across various business processes across the globe. The technology is playing important role in . Robotics process automation (RPA) is a further step to the evolution of business process outsourcing. The technology enables to reduce the cost of operations by reducing requirement of employees to perform high volume rule based task. RPA technology offers companies an alternative to outsourcing and has high impact on reduced cost, making organizations to adopt the technology at high rate and broader scale across the globe.

Robotic Process automation Market- Regional Insight

North America region held the major market share in robotics process automation market. The growth in the region is attributed to adoption of RPA technology at broader scale. Further, the presence of major players in the region propels the growth for the robotics process automation implementation. The implementation of RPA software by small and medium enterprises at higher rate led to an increasing market share in the region. The implementation of RPA software and tools in BFSI sector is increasing rapidly in U.S. increasing the market size in the region. The greater adoption by financial, healthcare, human resource and banking sector drives the growth of RPA market in Asia-Pacific region. Further, Robotic Process Automation (RPA) software continues to grow significantly in the Asia-Pacific region, driven by trend opted by enterprises to create more of digital workforce in order to reduce the cost.


Company Information

Company Name Contact Person Contact Number Email Id Website
Energias Market Research Pvt. Ltd. Alan Andrews 7162394915 [email protected] https://www.energiasmarketresearch.com/

Latest News

A Brutally Forthright Exposure of World Apathy Towards Corruption and Endless Conflicts Excluive

London, England, Mar 28, 2020 -- Freelance war correspondent Mike Walker's reporting of the truth is becoming increasingly difficult and dangerous in ...Read More


Mapping Company Educates Readers On Sales Territory Mapping Excluive

Wake Forest, North Carolina (pressreleasepower) March 26, 2020 - Geographic Enterprises, a North Carolina mapping company, recently discussed the...Read More


Credihealth launches dedicated tele/video consultation service Excluive

March 26, 2019, New Delhi: Credihealth, India’s first digital health gateway, announced its launch of a dedicated tele/ video consultation service w...Read More


Marketing Funnels - Ultimate Funnels Cracks The Code Helps Online Businesses Grow 10x's Faster Excluive

Sales Funnel experts Lavell Frost and Rajeev Kistoo reveal their formula for building funnels that convert. Every online business selling something ne...Read More


Transport Canada Gives STC Approval On Next Generation Exhaust Stacks DHC-6 Series Twin Otter Aircraft to Acorn Welding Ltd Excluive

EDMONTON, Alberta, March 24, 2020: Acorn Welding Ltd has received STC approval from Transport Canada on new, Next Generation exhaust stacks for the DH...Read More


Demand for Eco-friendly Hunting Gear to Create Significant Opportunity for the Hunting Gear Market Excluive

“Hunting Gear Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027” is an upcoming market research report added by the an...Read More


Ketsaal : kitchen appliances franchise l kitchen franchise business Excluive

Expecting to connect with more clients the nation over propelled its franchisee program, which is totally different from how marks by and large utiliz...Read More


7th International Conference on COPD and Lung Health Excluive

COPD 2020 Congress aims to bring together the prominent researchers, academic scientists, and research scholars to exchange and share their expe...Read More


Gong Cha Announces A New Store In New Jersey With Buy 1 Get 1 Free On Select Items Excluive

New York, USA - Gong Cha is pleased to announce that its Montclair bubble tea store, NJ location is now open! And esteemed customers can quickly enjoy...Read More


Manhattan Commercial HVAC Contractors Discuss Evaporator Coil Leaks Excluive

Manhattan, New York (pressreleasepower) March 23, 2020 - Cool Works Co., a Manhattan commercial HVAC contractor, recently released a blog educati...Read More


Increasing Spending on Recreational Activities to Fuel the Archery Equipment Market Excluive

“Archery Equipment Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027” is an upcoming market research report added by t...Read More


Indiana Hospice Educates On The Benefits Of Hospice Care For Aids Patients Excluive

Indianapolis, Indiana (pressreleasepower) March 21, 2020 - Harbor Light Hospice, an Indiana hospice, recently shared a blog informing people about the...Read More


Bruneau & Co. Auctioneers will Hold a Spring Comic Book & Toy Auction on Saturday, April 4, Online and in Cranston, RI Excluive

The auction will be held online and in Bruneau & Co’s gallery at 63 Fourth Avenue in Cranston. Sold will be graded comic books, comic art, Japan...Read More


Paintings by Indian Artists Maqbool Hussain, B. Prabha, Akbar Padamsee Top Bruneau & Co. Auction Held March 14 Excluive

Cranston, RI, USA, March 20, 2020 -- Vibrant paintings by prominent Indian artists piqued the interest of bidders at Bruneau & Co. Auctioneers’ ...Read More


Ireland Just Got Deeper as Newcomer Artist Daniela Introduces her Powerful Debut EP Kiss Excluive

Hailing from Ireland, Daniela is a talented singer and songwriter with a passion for beautiful melodies and relatable sonic aesthetics. Recently, she ...Read More


Fresh Series Of Strawberry Flavor Available At The Gong Cha's New Jersey Franchise Excluive

New York, USA - Gong Cha is happy to announce the grand opening of its new franchise in New Jersey with fresh strawberry series. The new store feature...Read More


ChainUP, CoinTube and CoinTelegraph China Offer Industry Insights into Blockchain Amidst COVID-19 Excluive

Singapore, Mar 19, 2020 -- On 12th March, ChainUP, CoinTube and Cointelegraph China jointly organized ‘Three-Way Talks’, a blockchain panel discus...Read More


Northern VA Pool Demolition Contractor Lists Reasons To Remove A Pool Excluive

Annandale, Virginia (pressreleasepower) March 18, 2020 - The Northern Virginia pool removal contractor at Dirt Connections recently released a blog ed...Read More


NY Iron Work Brings More Exciting Offer to the Local Residents Excluive

The NY Iron Work which has been an active and famous participant in serving the wielding work arena unleashes some more exciting services and offers...Read More


Machine Learning as a Service (MLaaS) Market To Rise Grow at an Astonishing CAGR by 2027 Excluive

The latest trending report introduced by Acumen research and Consulting gives deep insights into the drivers and restraints in the worldwide Machine L...Read More


Patient Portal Software Market Size, Share, Outlook, and Opportunity Analysis 2019 - 2027 Excluive

Patient portal software includes several facilities at a single platform such as appointment booking, and generating prescriptions among others. Key u...Read More


Recent Releases