Robotic Process Automation Market By Form (Attended Automation, Unattended Automation & Hybrid RPA), By Solutions (Automated Software Solutions (Tools & Services, Software robot, Self-learning solutions, Rule-Based Operation, Knowledge-Based Operation, Cognitive automation, Enterprise software, Programmable RPA bots, Others), Decision Support Solutions & Interaction Solutions), By Deployment (On-premises & Cloud), By Organization Size (Small & Medium scale enterprises & Large scale enterprises), By Application (Administration & reporting, Customer support, Data migration & capture, Data analysis, Compliance & Others), By End-users (Aerospace & Defense, BFSI, Automobile, Food & Beverage, Retail, Governments, Education, Manufacturing, Transportation & Logistics, Telecommunication & IT, Energy & Utilities, Healthcare & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: AIR 0304 Report Format: PDF + Excel

Robotic Process Automation Market Overview

The Robotic Process Automation Market is estimated to reach USD22.14 billion by 2030, growing at a CAGR of 35.9% during the forecast period 2022-2027. Robotic process automation (RPA) is an automation software technology that makes it simple to design, deploy and manage software robots that resemble how people interact with digital systems and software. The variety of RPA solutions includes decision support, tools and services, automation software, software robot, rule-based operation, knowledge-based operation and enterprise software. The integration of artificial intelligence skills like machine learning models and analytics with RPA led to the development of intelligent automation and helped enterprise systems’ digital transformation. The high adoption of RPA in various sectors is due to the ongoing digital transformation and technological advancement of RPA systems that efficiently handling of complex business processes. In June 2022, CIO stated that with the use of the RPA system by IDG Communications, Inc., the team’s capacity for work can be boosted by 35% to 50%.

Report Coverage

The “Robotic Process Automation Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Robotic Process Automation Market.

By Form: Attended Automation, Unattended Automation and Hybrid RPA.
By Solutions: Automated Software Solutions (Tools and Services, Software robot, Self-learning solutions, Rule-Based Operation, Knowledge-Based Operation, Cognitive automation, Enterprise software, Programmable RPA bots, Others), Decision Support Solutions and Interaction Solutions.
By Deployment: On-premises and Cloud.
By Organization Size: Small & Medium scale enterprises and Large scale enterprises.
By Application: Administration and reporting, Customer support, Data migration and capture, Data analysis, Compliance and Others.
By End-users: Aerospace and Defense, BFSI, Automobile, Food & Beverage, Retail, Governments, Education, Manufacturing, Transportation and Logistics, Telecommunication & IT, Energy and Utilities, Healthcare and Others.
By Geography: North America (the U.S., Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Others), APAC (China, Japan, South Korea, India, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa).

Key Takeaways

  • The large-scale enterprise segment held the largest share with 70% in the RPA market by organization size, in 2021. The high adoption of RPA in large-scale enterprises is driven by the growing demand for automation processes in complex business processes to gain maximum productivity.
  • The Retail sector segment by end users in the Robotic Process Automation Market is expected to grow fastest at a CAGR of 38.2% during the forecast period 2022-2027. The high adoption of RPA in the retail sector is due to its rapid switch to digital modes for efficient management and tracking of business activities.
  • Asia-Pacific is expected to grow the fastest at a CAGR of 39.1% in the Robotic Process Automation Market during the forecast period 2022-2027. The widescale adoption of RPA in this region is driven by the increasing adoption of technologically advanced RPA systems for handling complex business processes.
  • The high adoption of RPAaaS to eliminate the licensing cost for RPA is driving the market growth.

Robotic Process Automation Market Value Share, By Region, 2021 (%)

Robotic Process Automation Market

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Robotic Process Automation Market Segment Analysis - by Organization Size

The Robotic Process Automation Market by organization size has been segmented into small & medium scale enterprises and large-scale enterprises. The large-scale enterprise segment held the largest share with 70% in the RPA market by organization size, in 2021. The high adoption of RPA in large-scale enterprises is driven by the growing demand for automation processes in complex business processes to gain maximum productivity. The leading companies are adopting new strategies such as extended licensing terms and supplemental software items to improve the RPA already in use. In April 2021, FPT Software Company stated that it would be giving its current customers a free extension on the licensing of its product.

Robotic Process Automation Market Segment Analysis - by End-users

The Robotic Process Automation Market by end users has been segmented into aerospace and defense, BFSI, automobile, food & beverage, retail, governments, education, manufacturing, transportation and logistics, telecommunication & IT, energy and utilities, healthcare and others. The retail sector segment by end users in the Robotic Process Automation Market is expected to grow fastest at a CAGR of 38.2% during the forecast period 2022-2030. The high adoption of RPA in the retail sector is due to its rapid switch to digital modes for efficient management and tracking of business activities such as accounting and finance, customer service management and customer behavior analysis. In July 2022, Comtec Information System in their report stated that the use of RPA in retail sectors can save more than $2 trillion in the global workforce.

Robotic Process Automation Market Segment Analysis - by Geography

The Robotic Process Automation Market by geography is segmented into North America, Europe, APAC, South America and RoW. Asia Pacific is expected to grow at the fastest CAGR with 39.1%, during the forecast period 2022-2030. The widescale adoption of RPA in this region is driven by the increasing adoption of technologically advanced RPA systems for handling complex business processes. In 2022, the Blue Prism report stated several organizations in this are adopting intelligent RPA technology that uses machine learning for more complex business processes. It also stated Australia topped the list of organizations using RPA in APAC followed by India with 78% and 49% respectively.

Robotic Process Automation Market Drivers

The high adoption of RPAaaS to eliminate the licensing cost for RPA is driving the market growth.

RPAaaS eliminate the licensing cost for RPA. The RPAaaS enables zero cost for bot licensing as it is hosted on a cloud. It offers 100% faster deployment as no installation is required. The software will be also automated through the cloud automatically. This is expected to fuel market growth as the above factors will encourage more companies to adopt the technology. In July 2021, AutomationEdge a leading AI-powered IT automation and robotic process automation company in their report mentioned how RPAaaS will power the mid-market growth over the next few years.

The advancement in the latest technology like optical character recognition (OCR), machine learning and robotics process automation analytics is fueling the market expansion.

The latest technology such as optical character recognition (OCR), machine learning and robotics process automation analytics are integrated into the RPA. This led to the development of an intelligent automation system having Tools and Services & Decision Support solutions. This is expected to eliminate desk interaction by 40%, by 2025. In Jan 2022, an article published by NICE stated that OCR in RPA-enabled organizations is quipped to automate a large volume of operational business processes, particularly tasks that still depend heavily on scanned paperwork such as customer-completed forms.

Robotic Process Automation Market Challenge

The lack of awareness among enterprises about the advantages of RPA can restrict the market growth.

Lack of knowledge among enterprises on the full potential of robotic process automation and reluctance to invest in the integration of the software are two major challenges to the Robotic Process Automation Market growth. Most organizations are unaware of the full potential of robotic process automation and how digital transformation can help reduce the overall cost for the company. In Jan 2022, Techwire Asia in their survey report stated that 47% of organizations have not implemented due to lack of awareness, budget constraints and privacy concerns

Robotic Process Automation Industry Outlook

Product launches, collaborations, and R&D activities are key strategies adopted by players in the Robotic Process Automation Market. The Robotic Process Automation Market's top 10 companies include:

  1.  IPsoft, Inc.
  2. Verint Systems Inc.
  3. Blue Prism Group plc
  4. Xerox Corporation
  5. Redwood Software
  6. FPT Software Ltd.
  7. Kofax Inc.
  8. NICE Ltd Inc.
  9. UiPath
  10. OnviSource, Inc.

Recent Developments

  • In August 2022, macami.ai a robotic process automation company launched a new intelligent automation system which explores the integration of robotic process automation and artificial intelligence.
  • In Sept 2021, according to a report by the WALL STREET JOURNAL by Jan 2022, 50% of global companies will make the adoption robotic process automation in their routine processes.
  • In April 2020, the United States Bank announced that the organization has implemented the UiPath software robot to handle loan applications from small and medium-sized companies (SMB) across the country.

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1. Robotic Process Automation Market Overview
    1.1 Definitions and Scope
2. Robotic Process Automation Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Product Type
    2.3 Key trends segmented by Geography
3. Robotic Process Automation Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking - Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis(Comparison of General Price Offerings in the Market)
4. Robotic Process Automation Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Robotic Process Automation Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Robotic Process Automation Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Robotic Process Automation Market – By Strategic Analysis (Market Size - $Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Robotic Process Automation Market – By Form (Market Size - $Million/Billion)
    8.1 Attended Automation
    8.2 Unattended Automation
    8.3 Hybrid RPA
9. Robotic Process Automation Market – By Solutions (Market Size - $Million/Billion)
    9.1 Automated Software Solutions
        a. Tools and Services
        b. Software robot
        c. Self-learning solutions
        d. Rule-Based Operation
        e. Knowledge-Based Operation
        f. Cognitive automation
        g. Enterprise software
        h. Programmable RPA bots
        i. Others
    9.2 Decision Support Solutions
    9.3 Interaction Solutions
10. Robotic Process Automation Market – By Deployment (Market Size - $Million/Billion)
    10.1 On-premises
    10.2 Cloud
11. Robotic Process Automation Market – By Organization Size (Market Size - $Million/Billion)
    11.1 Small & Medium scale enterprises
    11.2 Large-scale enterprise
12. Robotic Process Automation Market – By Application (Market Size - $Million/Billion)
    12.1 Administration and reporting
    12.2 Customer support
    12.3 Data migration and capture
    12.4 Data analysis
    12.5 Compliance
    12.6 Others
13. Robotic Process Automation Market - By End-users (Market Size - $Million/Billion)
    13.1 Aerospace and Defense
    13.2 BFSI
    13.3 Automobile
    13.4 Food & Beverage
    13.5 Retail
    13.6 Governments
    13.7 Education
    13.8 Manufacturing
    13.9 Transportation and Logistics
    13.10 Telecommunication & IT
    13.11 Energy and Utilities
    13.12 Healthcare
    13.13 Others.
14. Robotic Process Automation Market - By Geography (Market Size - $Million/Billion)
    14.1 North America
        14.1.1 the U.S.
        14.1.2 Canada
        14.1.3 Mexico
    14.2 South America
        14.2.1 Brazil
        14.2.2 Argentina
        14.2.3 Chile
        14.2.4 Colombia
        14.2.5 Rest of South America
    14.3 Europe
        14.3.1 Germany
        14.3.2 France
        14.3.3 the UK
        14.3.4 Italy
        14.3.5 Spain
        14.3.6 Russia
        14.3.7 the Netherlands
        14.3.8 Rest of Europe
    14.4 APAC
        14.4.1 China
        14.4.2 Japan
        14.4.3 South Korea
        14.4.4 India
        14.4.5 Australia
        14.4.6 Indonesia
        14.4.7Malaysia
        14.4.8 Others
    14.5 RoW
        14.5.1 the Middle East
        14.5.2 Africa
15. Robotic Process Automation Market - Market Entropy
    15.1 New product launches
    15.2 M&A's, collaborations, JVs and partnerships
16. Robotic Process Automation Market – Industry Competition Landscape (Premium)
    16.1 Market Share Global
    16.2 Market Share by Region
    16.3 Market Share by End-user
    16.4 Competition Matrix
17. Robotic Process Automation Market – Key Company List by Country Premium (Premium)
18. Robotic Process Automation Market - Company Analysis
    18.1 Company 1
    18.2 Company 2
    18.3 Company 3
    18.4 Company 4
    18.5 Company 5
    18.6 Company 6
    18.7 Company 7
    18.8 Company 8
    18.9 Company 9
    18.10Company 10
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