Key Market Overview
The report highlights the increasing adoption of Robotic Process Automation (RPA) for streamline and automate back-office tasks such as data entry, and others is proliferating the global market growth. Consegic Business Intelligence provides an inclusive research report on the medium voltage switchgear market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
The report analyses significant segments such as component, operation, enterprise size, application, end-user, and region, to identify emerging trends and potential opportunities. The component segment is expected to grow owing to industrial automation and growing demand for productivity. The component segment includes the software that is used to automate a wide range of business processes, including data entry, invoice processing, customer service, and supply chain management. Moreover, the services segment provides consulting, implementation, and support services to help organizations achieve their automation goals.
Market Dynamics
Driver:
- Growing adoption of RPA solutions in the retail industry is driving the Robotic Process Automation (RPA) market growth.
- Continuous development in technology including cloud computing tends to be propelling the Robotic Process Automation (RPA) market growth.
- The ability of robotic process automation (RPA) solutions to improve the efficiency and productivity of business operations is accelerating the growth of the robotic process automation (RPA) market.
Restraints:
- Concerned associated with security of Robotic Process Automation RPA is hindering the market growth.
- The integration of RPA solutions with the existing systems is limiting the growth of robotic process automation (RPA) market.
Market Segmentation:
Report Attributes | Report Details |
By Component | Software and Services |
By Operation | Rule-Based and Knowledge-Based |
By Enterprise Size | Large Enterprises and SMEs |
By Application | Administration & Reporting, Customer Support, Data Migration & Capture extraction, Analysis, and Others |
By End-User | Retail, Manufacturing & Logistics, BFSI, Healthcare, IT & Telecommunication, Hospitality, and Others |
By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market for Robotic Process Automation (RPA) is highly competitive due to the presence of major players such as Automation Anywhere, Blue Prism Group PLC, UiPath Inc., Microsoft Corporation, Nice Systems Ltd., WorkFusion, Inc. providing automation solutions to the national and international markets. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. The evolving research and developments in Robotic Process Automation (RPA) are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries. Further, the Robotic Process Automation (RPA) market is expected to witness significant growth in coming years due to increased demand for automation of various supply chain operations such as inventory management, order processing, and supplier management in various end-use industries including retail, manufacturing & logistics, BFSI, healthcare.
- Automation Anywhere
- Blue Prism Group PLC
- UiPath Inc.
- Microsoft Corporation
- Nice Systems Ltd.
- WorkFusion, Inc.
- Pegasystems, Inc.
- OnviSource, Inc.
- Salesforce
- Kryon Systems