Robotic Process Automation (RPA) Market growing at a CAGR of 30.4% from 2023 to 2030

Key Market Overview

The global Robotic Process Automation (RPA) market is expected to witness significant growth and is anticipated to reach USD 20,215.71 Million by 2030. Additionally, the market which was valued at USD 2,463.06 Million in 2022, is predicted to grow at a compound annual growth rate of 30.4% during the period 2023-2030.

The report highlights the increasing adoption of Robotic Process Automation (RPA) for streamline and automate back-office tasks such as data entry, and others is proliferating the global market growth. Consegic Business Intelligence provides an inclusive research report on the medium voltage switchgear market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Robotic Process Automation (RPA) By Overview

The report analyses significant segments such as component, operation, enterprise size, application, end-user, and region, to identify emerging trends and potential opportunities. The component segment is expected to grow owing to industrial automation and growing demand for productivity. The component segment includes the software that is used to automate a wide range of business processes, including data entry, invoice processing, customer service, and supply chain management. Moreover, the services segment provides consulting, implementation, and support services to help organizations achieve their automation goals.

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Market Dynamics

Driver:

Growing adoption of RPA solutions in the retail industry is driving the Robotic Process Automation (RPA) market growth.
Continuous development in technology including cloud computing tends to be propelling the Robotic Process Automation (RPA) market growth.
The ability of robotic process automation (RPA) solutions to improve the efficiency and productivity of business operations is accelerating the growth of the robotic process automation (RPA) market.

Restraints:

Concerned associated with security of Robotic Process Automation RPA is hindering the market growth.
The integration of RPA solutions with the existing systems is limiting the growth of robotic process automation (RPA) market.

Market Segmentation:

Report Attributes	Report Details
By Component	Software and Services
By Operation	Rule-Based and Knowledge-Based
By Enterprise Size	Large Enterprises and SMEs
By Application	Administration & Reporting, Customer Support, Data Migration & Capture extraction, Analysis, and Others
By End-User	Retail, Manufacturing & Logistics, BFSI, Healthcare, IT & Telecommunication, Hospitality, and Others
By Region	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The market for Robotic Process Automation (RPA) is highly competitive due to the presence of major players such as Automation Anywhere, Blue Prism Group PLC, UiPath Inc., Microsoft Corporation, Nice Systems Ltd., WorkFusion, Inc. providing automation solutions to the national and international markets. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. The evolving research and developments in Robotic Process Automation (RPA) are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries. Further, the Robotic Process Automation (RPA) market is expected to witness significant growth in coming years due to increased demand for automation of various supply chain operations such as inventory management, order processing, and supplier management in various end-use industries including retail, manufacturing & logistics, BFSI, healthcare.

Automation Anywhere
Blue Prism Group PLC
UiPath Inc.
Microsoft Corporation
Nice Systems Ltd.
WorkFusion, Inc.
Pegasystems, Inc.
OnviSource, Inc.
Salesforce
Kryon Systems

Global Robotic Process Automation (RPA) Market growing at a CAGR of 30.4% from 2023 to 2030