Meticulous Research®, a top global market research company, has published a comprehensive report titled, “Robotic Process Automation Market by Offering (Software, Services), Type (Attended RPA, Unattended RPA), Application (Customer Account Management, Employee Onboarding), Sector (BFSI, IT & Telecom, Healthcare), and Geography - Global Forecast to 2030.”
The report predicts that the robotic process automation (RPA) market will reach $35.9 billion by 2030, with a robust CAGR of 20.2% from 2023 to 2030. This growth is driven by the escalating demand for business automation, advancements in technologies such as AI and cloud computing, and increasing RPA adoption in the BFSI sector. Nonetheless, high implementation costs could limit growth.
Growth opportunities are seen in RPA-powered chatbots and healthcare applications. Challenges include a lack of understanding and awareness of RPA. Trends include the increasing adoption of cloud-based RPA and the rise of collaborative RPA solutions.
The market is segmented by offering (software, services), type (attended RPA, unattended RPA, Hybrid RPA), organization size (large enterprises, SMEs), deployment mode (on-premise, cloud-based), application (administration, customer account management, etc.), and sector (BFSI, IT & telecom, retail, manufacturing, and more). The report also provides insights into regional and country-level market dynamics.
In 2023, the software segment is expected to dominate due to its benefits and growing demand. The services segment is projected to grow the fastest due to widespread adoption across industries. Attended RPA is forecasted to lead in both market share and growth, particularly in the BPO sector. On-premise deployments are expected to hold a larger share, with cloud-based deployments showing the highest growth rate. Large enterprises will lead, but SMEs will experience the fastest growth. Customer account management will be the top application segment, BFSI will be the leading sector, and healthcare will grow the fastest. North America will dominate geographically, while Asia-Pacific is expected to see the most rapid growth.
Key Players:
The key players operating in the robotic process automation market are UiPath, Inc. (U.S.), Automation Anywhere, Inc. (U.S.), Pegasystems Inc. (U.S.), Blue Prism Group plc (U.K.), Celaton Limited (U.K.), OnviSource, Inc. (U.S.), Kofax Inc. (U.S.), FPT Software Company Limited (Vietnam), EdgeVerve Systems Limited (India), NICE Ltd. (Israel), IBM Corporation (U.S.), Verint Systems Inc. (U.S.), AutomationEdge Technologies, Inc. (U.S.), Appian Corporation (U.S.), and EPSoft Technologies (U.S.).
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Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of offering, type, organization size, deployment mode, application, and sector?
• What is the historical market size for robotic process automation across the globe?
• What are the market forecasts and estimates for 2023–2030?
• What are the major drivers, restraints, opportunities, challenges, and trends in the global robotic process automation market?
• Who are the major players in the global robotic process automation market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the global robotic process automation market?
• What are the different strategies adopted by major market players?
• What are the geographic trends and high-growth countries?
• Who are the local emerging players in the global robotic process automation market, and how do they compete with other players?
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