Robotic Process Automation Market Research Report by Forecast to 2023
Pune, India -- (SBWIRE) -- 07/14/2017 -- Market Highlights:
On the basis of regional analysis the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America region is generating highest market share in robotics process automation market owing to higher technology implementation. North America region is leading due to presence of major players from the region in the robotics process automation market.
The implementation of RPA software by both small and medium enterprises is increasing rapidly. In US region, the implementation of RPA software in BFSI sector accounts for highest market share. Due to its capabilities to improve efficiency and reduce operational cost is driving the market in the region. The study also indicates, the high implementation of RPA software in financial and human resource domain is driving the market in the region. Mexico region also witnessed large utilization of RPA technology in manufacturing industry.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Robotic Process Automation Market -Forecast to 2023".
Major Key Players:
- Automation Anywhere (U.S.)
- Blue Prism (U.K.)
- Celaton Ltd (U.K.)
- Ipsoft (U.S.)
- Nice Systems Ltd. (Israel)
- Pegasystems (U.S.)
- Redwood Software (U.S.)
- Uipath (Romania)
- Verint (U.S.)
- Xerox Corporation (U.S.)
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Market Research Analysis:
By regional analysis, the market consists of North America, Europe, Asia-Pacific and Rest of the World. North America region is dominating the robotics process automation market. Asia-Pacific is few of the prominent players in the market owing to increase utilization of robotics automation process in healthcare & pharmaceuticals, retail, BFSI, IT & telecommunication industry among others. The robotics automation process witnessed its implementation in manufacturing industry.
The region witnessed high growth in the market due to emerging economies from countries such as China and India that offers outsourcing services, that is boosting the market in the region. Increased operational efficiency and low cost, reduction in overall employee strength , leveraging BFSI sector and other benefits associated with it is driving the market in the region.
Europe region is expected to be one of the prominent players owing to presence of RPA technology in rich manufacturing and logistics sector. Also economies from countries such as Germany, Russia, Spain and Denmark is having high adoption of RFA technology in various industrial sector.
Robotic Process Automation Market Segmentation:
By industry segment the Robotics Process Automation Market consists of BFSI, healthcare & pharmaceutical, manufacturing & logistics, IT & Telecommunication among others. In US region, there is a high implementation of RPA technology in BFSI sector due to its efficient data processing and workflow management capabilities. Owing to its high flexibility and scalability, there is a rapid deployment of robotics process automation technology in BFSI domain.
Robotic Process Automation Market (MRFR) Analysis:
By operations segment it consists of rule based and knowledge based operations. Rule based operations accounts for high market share as compare to knowledge based. Rule based operation is used in enterprises for repetitive administration task in the framework of constant business behavior.
By region, MRFR analysis shows that, North America region accounts for highest market share owing to presence of key market players from the region. In US region, RFA implementation in BFSI sector is increasing as it improves business process efficiency and competency. Due to its greater data processing and work flow management solution, RPA market is having higher demand in BFSI domain.
The regional analysis of robotic process automation market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America region accounts for largest share in robotic process automation market owing to high development in field of technology and presence of developed countries. Europe is one of the prominent player in the market of robotic process automation. Countries such as U.K., Germany and Italy are the major contributors in the market growth due to the rich manufacturing and automotive industry.
Asia-Pacific is expected to emerge as fastest growing market during the forecast period. Development of Asian countries and demand for consumer electronic products is forcing the manufacturers to adopt a cost effective technology in the manufacturing process.
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- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
- Supply Chain & Logistics Organizations
- Original Equipment Manufacturers
- Healthcare & Pharmaceutical Industry
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Software
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
List of Tables
Table 1 Robotic Process Automation Market, By Process
Table 2 Robotic Process Automation Market, By Operations
Table 3 Robotic Process Automation Market, By Type
List of Figures
Figure 1 Research Type
Figure 2 Robotic Process Automation Market: By Process (%)
Figure 3 Robotic Process Automation Market: By Operations (%)
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