According to the latest report by Report Ocean, titled “Robotic Process Automation Market”: Global Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031” provides an extensive analysis of the industry, including “Robotic Process Automation Market“, share, trends, and growth opportunities. The report also covers competitor and regional analysis and the latest advancements in the global market. The report is organized into five force analysis frameworks: SWOT, PESTEL, and Porter. This organization ensures qualified and verifiable aspects of market data operating in real-time scenarios.
Rise in innovations in RPA to accommodate changing consumer demands and high adoption of RPA in the BFSI and healthcare sectors are the major factors that drives the growth of the robotic process automation market. In addition to this, the COVID-19 pandemic is disrupting lives of people and affecting performances across all the industries with the rise in demand for automation technology further driving the growth of the market. RPA is being adopted in organizations to mitigate disruption by enabling businesses to maintain customer support, stay connected across the systems and teams, and offer stability in times of uncertainty.
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However, higher implementation cost of the RPA system due to the integration of high-quality hardware with efficient software control system may hinder the market growth to some extent. On the contrary, digital businesses are expected to create significant revenue growth opportunities for the market.
“Russia-Ukraine Impact in 2022: The market faced adverse consequences as a result of economic sanctions imposed on the Russian Federation by the United States and its allied nations.
The economic sanctions levied on the Russian Federation by the US and its partners are foreseen to exert a significant influence on the industry’s growth. Furthermore, the global business landscape experienced disruptions in import and export activities due to the conflict. The dominance of Russia and Roscommon, a semi-private space agency, within the commercial space sector had detrimental effects on alternative launch service providers in regions such as India, Japan, Europe, and the United States. These factors collectively had an adverse impact on the market during the period of conflict.”
Who is the largest key players of Robotic Process Automation Market Worldwide ?
– Automation Anywhere, Inc.
– Blue Prism
– EdgeVerve Systems Limited
– International Business Machines Corporation
– IPsoft Inc.
– Kofax Inc.
– NICE Ltd.
– Pegasystems Inc.
– UiPath
– WorkFusion, Inc.
Robotic process automation (RPA) include the use of specialized computer programs or software with machine learning and artificial intelligence (AI) capabilities to automate and standardize high-volume and repeatable business processes tasks. This technology consists of software robots or bots that works across application user interfaces as well as mimics the actions that a human worker would perform, such as logging in & out of applications, open emails & attachments, scrape data from the web, copying & pasting data, extract structured & semi-structured data from documents, and filling out forms. It helps improve customer service in the front offices and reduces efforts in the back offices.
The robotic process automation market is segmented on the basis of component, deployment model, organization size, industry vertical, and region. On the basis of component, it is categorized into software and services. On the basis of deployment model, it is classified into on-premise and cloud. By organization size, it is bifurcated into large enterprises and small & medium sized enterprises. On the basis of industry vertical, it is categorized into manufacturing, BFSI, healthcare & pharmaceuticals, IT & telecommunications, retail & consumer goods, government & defense, energy & utilities, transportation and logistics, and others (travel & hospitality, oil & gas, education, media & entertainment). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
– This study includes the robotic process automation market analysis, trends, and future estimations to determine the imminent investment pockets.
– The report presents information related to key drivers, restraints, and opportunities of the market.
– The robotic process automation market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
– Porter’s five forces analysis illustrates the potency of buyers & suppliers in the robotic process automation market.
Key Market Segments:
BY COMPONENT
– Software
– Services
BY DEPLOYMENT MODEL
– On-Premise
– Cloud
BY ORGANIZATION SIZE
– Large Enterprises
– Small & Medium Sized Enterprises
BY INDUSTRY VERTICAL
– Manufacturing
– Healthcare & Pharmaceuticals
– IT & Telecommunications
– Retail & Consumer Goods
– Government & Defense
– Energy & Utilities
– Transportation & Logistics
– Others
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BY REGION
– North America
o U.S.
o Canada
– Europe
o UK
o Germany
o France
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Research Methodology:
Based on the information you provided, it seems that the research methodology for the report from Report Ocean involved both primary and secondary research.
In the primary research, the authors conducted interviews with important sources of supply and demand, such as prominent industry participants, subject matter experts from key corporations, and consultants from significant firms and organizations operating in the global market. This primary research helped gather both qualitative and quantitative data relevant to the market report.
In the secondary research, the authors focused on using various viewpoints, such as the lowest point, regional area, and technology-oriented perspectives, to gather vital information about the business supply chain, the firm currency system, global corporate pools, and sector segmentation. The market size as a whole was determined through secondary research, and the results were then corroborated by the initial survey conducted in the primary research phase.
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