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Robotic Process Automation Market Size, 2025 | RPA Industry Report

Robotic Process Automation (RPA) Market Size & Forecast Report, 2015 - 2025

Report ID: MN17618448  |  Published: October 2018  |  No of Pages: 115
Format: Electronic (PDF)  |  Industry: Industrial Automation  |  Publisher: Grand View Research

The global Robotic Process Automation (RPA) Market is expected to witness a substantial growth due to the increasing adoption of automation and modernization for industrial processes, and growing focus towards high-end productivity. Rise in the number of large-scale production lines, especially for the manufacturing of vehicles and electronic devices is expected to drive the growth of robotic process automation industry over the forecast period.

Robotic process automation (RPA) provides numerous advantages such as cost efficiency, lower time consummation, improved quality of operation, and higher productivity. Globally, the robotic process automation market is predicted to grow at a higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the RPA market.

Additionally, enhanced manufacturing efficiency and flexibility to carry out complex industrial operations are propelling market growth, in the recent years. Increasing awareness among manufactures about benefits associated with early implementation of robotic process automation (RPA) are predicted to expand market reach in the upcoming years.

Robotic process automation (RPA) technology is capable of handling repetitive and rule-based tasks without human intervention. Implementation of robotic process automation (RPA) technology enhances employee experience during harsh working conditions. Above-mentioned factors are expected to foster the growth of robotic process automation (RPA) industry over the forecast period.

Integration of robotic process automation (RPA) technology for business process by small and medium-scale enterprises (SMEs) to maximize profit margins, limit financial uncertainties and simplify human resources allocation, is expected to amplify market demand for robotic process automation (RPA) services in the near future. Robotic process automation (RPA) technology helps organizations to keep their operations as lean as possible. Accommodation of robotic process automation (RPA) technology assists small and medium-scale enterprises (SMEs) to target for long-term profits.

Robotic process automation (RPA) services acts as a software bot that offer higher performing capabilities and work tirelessly to complete assigned task, thus accelerating productivity. Robotic process automation (RPA) services also scales up business operations, enhances data security, and effectiveness by controlling and decoding the current application for processing a transaction, thereby triggering automatic responses. Robotic process automation (RPA) services is capable of manipulating existing data and interacting alongside other digital systems. The RPA market is broadly categorized into five major segments based on the application type such as BFSI (banking, finance service & insurance) sector, manufacturing sector, pharmaceutical & healthcare sector, retail industry, and IT & telecommunication sector.

The BFSI (banking, finance service & insurance) segment is growing rapidly in the robotic process automation industry with substantial revenue generation in the last few years. Growing popularity of robotic process automation (RPA) in the BFSI (banking, finance service & insurance) segment is attributed to the rising number of applications such as data entry, compliance regulations, and assembly &formulation. The pharmaceutical & healthcare sector segment has also witnessed substantial growth owing to the growing popularity of administrative procedures to manage critical patient data.

The robotic process automation (RPA) market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in business automation sector, rapid surge in number of research & development activities in the region and existence of well-established industrial infrastructure.

Asia-Pacific region is estimated to hold major market share in robotic process automation with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rapid industrialization, shifting trend towards digitalization, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the robotic process automation (RPA) industry are Automation Anywhere, Inc., Blue Prism Group plc, Be Informed B.V., Jacada, Inc., and OpenSpan LLC.

Market Segment:

Robotic Process Automation (RPA) Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Software
    • Services

Robotic Process Automation (RPA) Service Outlook (Revenue, USD Million, 2015 - 2025)
    • Consulting
    • Implementation
    • Training

Robotic Process Automation (RPA) Organization Outlook (Revenue, USD Million, 2015 - 2025)
    • Large Enterprises
    • Small and Medium Enterprises (SMEs)

Robotic Process Automation (RPA) Application Outlook (Revenue, USD Million, 2015 - 2025)
    • BFSI
    • Manufacturing
    • Pharma & Healthcare
    • Retail
    • Telecom & IT
    • Others

Robotic Process Automation (RPA) Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • France
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • MEA

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