Global RPA Market Is Expected to Reach 12100 Mn US$ by the End of 2025

The global RPA market was 260 million US$ in 2018 and is expected to 12100 million US$ by the end of 2025, growing at a CAGR of 61.3% between 2019 and 2025.

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Los Angeles, CA -- (SBWire) -- 04/16/2019 --Robotic process automation (or RPA or RPAAI) is an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.

In traditional workflow automation tools, a software developer produces a list of actions to automate a task and interface to the back-end system using internal application programming interfaces (APIs) or dedicated scripting language. In contrast, RPA systems develop the action list by watching the user perform that task in the application's graphical user interface (GUI), and then perform the automation by repeating those tasks directly in the GUI. This can lower the barrier to use of automation in products that might not otherwise feature APIs for this purpose.

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The role of technology is evolving continuously at a faster pace. The last few decades witnessed various waves of technology progression that significantly impacted business growth. Few of these technologies are now declining as businesses globally are transforming into a dynamic digital environment. However, RPA is anticipated to evolve and soar over the forecast period. The modern enterprise demand RPA technology to be fast in implementation, execution, and scaling. It alleviates human workers of their mundane and repetitive daily tasks by processing workflow much quicker and subsequently more efficiently.

The global RPA market was 260 million US$ in 2018 and is expected to 12100 million US$ by the end of 2025, growing at a CAGR of 61.3% between 2019 and 2025.

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This report studies the RPA market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of RPA in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Atos SE

Automation Anywhere Inc.

Be Informed B.V.

Blue Prism Group Plc

Cicero Inc.

Cognizant Technology Solutions Corporation

Genfour

Genpact Ltd.

Infosys Ltd

IPSoft Inc.

Jacada Inc.

Kofax Ltd

Kryon Systems

OpenConnect Systems Inc.

OpenSpan

Sutherland Global Services

Thoughtonomy

UiPath

Verint Systems Inc.

By the product type, the market is primarily split into

Professional Services

Training Services

By the end users/application, this report covers the following segments

BFSI

Telecom/IT

Healthcare

Retail

Manufacturing

Others

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