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 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
Pune, India -- (SBWIRE) -- 06/18/2018 -- Global Robotic Process Automation Market Research Report." Robotic process automation is used to optimize operations and improve speed and accuracy of core business processes. It can drive 24-49% cost savings by automating repetitive tasks, data intensive, and by improving the accuracy and efficiency of process execution. Robotic process automation (RPA) is a software-based approach, which replicates user actions to reduce or eliminate human intervention in repetitive, mundane, and manually intensive processes. By automating these manual processes BFSI industry can improve efficiency and accuracy. In addition, virtual workers can be deployed all time by reducing latency and driving higher levels of productivity.
Robotic process automation market is estimated to reach USD +2,465 Million by 2022, at a CAGR of +29 % between 2017 and 2022. The base year considered for the study is 2016 and the forecast period is – 2022.
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With the growing attractiveness and popularity of enterprise resource planning, there is a need for businesses to move toward automation of processes to stay competitive. There are various technologies that can be used in combination with robotic process automation to enable more effective automation of business processes. For instance, key vendors such as BluePrism, IPsoft, and Virtual Operations are planning to plug-in architecture tools, artificial intelligence, and cognitive abilities in their robotic process automation offerings.
Enterprises can focus on these technologies for cost savings and better efficiency in their business processes.
Some of the major players: software providers, and distributors. Players involved in the development of robotic process automation include 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.), and Xerox Corporation (U.S.).
Market report is adapted to the worldwide scenarios comprising development patterns, key regions improvement status and an inspection of numerous dynamics leading to the rise of the overall market, especially, North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa
The report additionally features the development trends in the worldwide Robotic Process Automation market. Factors, for instance, new project speculations, the achievability of new tasks, import, export, supply, and sale cost are in like manner studied in the report. The consumption value and consumption volume of the market are researched on the basis of application, type, and region
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Report depends upon in-depth and detailed market analysis, with involvement from industry experts. It evidently depicts the merchant scenario and an in-depth examination of the key traders functioning in the overall Robotic Process Automation market. Additionally, the publication also discusses the key driving factors influencing the continuous rise in the development in the business sector, and the obstructions going up against the vendors to a great extent. It additionally includes the key opportunities that are trending in the market
Table of Content:
Chapter 1 Robotic Process Automation Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis