© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Robotic Process Automation Market to hit $5bn in 2024: Global Market.

Author: Shankar Khatkale

0 downloads 0 Views

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Robotic Process Automation industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more. Robotic Process Automation (RPA) Market size is set to exceed USD 5 billion by 2024. Robotic Process Automation industry  The growing adoption of RPA technology by organizations to enhance their capabilities, performance and reduce operational costs is expected to drive the Robotic process automation market growth over the forecast timeline. In order to gain ease of the processes, organizations are increasingly deploying these solutions with the traditional business processes. Surge in demand to eliminate manual interference in simplified and time-consuming business processes is predicted to increase the technology adoption rate.  Robotic process automation market has a huge potential to transform the way organizations operate and support various business processes. Surging eminence of BPM solutions led to rising need of automating the operations by small & medium businesses to stay ahead of the competition. Key Insights from Robotic Process Automation Market :

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Lack of technical expertise associated with the deployment and integration might hinder the RPA market growth. Moreover, less potential of such solutions to grow in the knowledge based business operations is expected to curb the industry demand. Continuity in the business processes, ROI and practical implications are among the major concerns related to the technology implementation. Unwillingness of employees to make a transition from traditional business processes to automated business processes coupled with the lack of awareness will also pose a challenge to the adoption.  Increasing demand from organizations to automate the business processes such as handling customer enquiries is leading to the significant growth of automated solutions demand. Adoption of such automated solutions helps organizations to streamline the business operations and focus on their core competencies. Automation of monotonous tasks such as timesheets & proposal submissions eliminates the work load on production team results in increased productivity and fueling the organization’s competitiveness. Continued...

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  To bridge the gap between largely backed digital transformation projects, the IT & telecom sector is expected to witness high growth in the Robotic process automation market. With a virtual workforce that streamlines the traditional business processes, RPA can accomplish this leading the valuable company resources to focus on more important work.  Europe Robotic process automation market is anticipated to witness significant growth over the forecast timeline. This can be attributed to the presence of large number of logistics and manufacturing companies in the region. Owing to the increasing need for customer support across various industry verticals such as BFSI, IT & telecommunication, government and insurance, the RPA market has significant potential to grow in Australia.  Companies operating in the industry include Xerox Corporation, Blue Prism, Nice Systems Ltd., Automation Anywhere, Ipsoft, Celaton Ltd., Pegasystems, Redwood Software, Uipath and Verint. The industry is currently witnessing heavy investments in technology by various players to gain high ROI. Continued...

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Robotic Process Automation Market @ http://bit.ly/2xq0uFxhttp://bit.ly/2xq0uFx Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/2035

7 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  By Application BFSI applications are the largest adopter in the RPA market as it is a highly regulated sector and automated solutions are offering a cost efficient and rapid way to cater the regulatory compliance issues by bridging the gaps between the ERP and BPMs systems. The telecom and IT industry is anticipated to witness significant growth over the forecast timeframe to bridge the gap between large backed digital transformation projects.  By Region Trends Australia RPA market is anticipated to witness a significant growth over the forecast timeline owing to the need for customer support and request processing requirements across industries such as the banking, insurance, government, and telecommunications. The Europe robotic process automation market will witness a surge owing to the presence of manufacturing and logistics firms in the region. The technology may help these industry verticals by operating with fewer number of people or shortage of labor, thereby, cutting on the cost and streamlining the resource allocation.  Competitive Market Share The players in the RPA market include Blue Prism, Automation Anywhere, Celaton Ltd, Ipsoft, Pegasystems, Nice Systems Ltd., Redwood Software, Verint, Uipath and Xerox Corporation. Blue Prism. 360° Analysis

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Robotic Process Automation Market to hit $5bn in 2024: Global Market.

Recommend Documents