Robotic Process Automation (RPA) Market
Global Robotic Process Automation (RPA) Market Size, Share &Trends Analysis Report by Type (Software and Services), by Deployment (Cloud and On-Premise), by Process (Automated Solution, Decision Support & Management Solutions, and Interaction Solutions), and by Applications (BFSI, Healthcare, Retail, IT & Telecom, Manufacturing & Logistics, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global RPA market is anticipated to grow at a significant CAGR of 31.6% during the forecast period. Cloud-based automation enables automation self-service, with intuitive drag-and-drop actions and visual flow charts empowering non-technical teams to automate on their own. Cloud RPA enables users to automate any process via a web-based interface accessed in their browser. The rising trend of cloud-based solutions is propelling the growth of the RPA market during the forecast period. For instance, in May 2022, UiPath introduced automation cloud robots alongside a wealth of other powerful new capabilities as a part of the UiPath 2022.4 platform release. The new SaaS robots along with added features that simplify how developers create automation, uplevel security, and governance, and expand access to automation to Mac deepen the reach of automation in the enterprise.
Impact of COVID-19 Pandemic on Global Robotic Process Automation Market
The COVID-19 pandemic has caused waves of disruption for each industry in one way or another and forced players to prioritize digitalization. Robotic process automation solutions are proving to be a huge source of support for companies when they faced the Covid-19 crisis. Through the robotic process automation (RPA) solutions, the players proved to be a recession-proof savior for business continuity. Automation coupled with machine learning and artificial intelligence is enabling more sophisticated solutions across all industries which had created a huge demand for the robotic process automation market.
Segmental Outlook
The global RPA market is segmented based on the type, deployment, process, and application. Based on the type, the market is bifurcated into software and service. Based on the deployment, the market is sub-segmented into the cloud and on-premise. Based on the process, the market is augmented into automated solutions, decision support and management solutions, and interaction solutions. Based on the application, the market is further segmented into the BFSI, healthcare, retail, IT & telecom, manufacturing & logistics, and others. The above-mentioned segments can be customized as per the requirements. Among the process segment, automated solutions are expected to hold a considerable share in the market during the forecast period. With the help of robotic process automation, automation software ends repetitive tasks and makes digital transformation a reality. Furthermore, automation streamlines workflows, which makes organizations more profitable, flexible, and responsive.
Global Robotic Process Automation Market Share by Application, 2021 (%)
The Retail Segment is Expected to hold the Significant Share in the Global RPA Market
Among the application segment, the retail segment is expected to hold a significant share in the market over the forecast period. The retail industry has been employing RPA to smoothen its operations and increase growth to overcome multiple problems. Whether in-store or online, the retail business has various functions where time and human error are major concerns. RPA will help retailers improve operational efficiency and boost employee productivity.
Regional Outlooks
The global robotic process automation market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The North American region is expected to hold a prominent share in the robotic process automation market over the forecast. The presence of several players in the region along with the presence of well-developed & well-established infrastructure is the key factor driving the growth of the market.
Global Robotic Process Automation Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold the Considerable Share in the Global RPA Market
The Asia-Pacific region is expected to be the fastest-growing region and hold a considerable share of the market during the forecast period. Rapid development in AI, ML, and robotic technology in the region is supporting the market. According to the Indian Brand Equity Foundation (IBEF), as of 2020, Technology adoption is expected to double in India from the current 14% to 30% in the next 3–5 years. Moreover, Automation software companies have reported sharp increases in their utilization rates from ~60% to 95–98% in recent times. Even in a pre-Covid world, India was well placed to capitalize on the fast-growing robotic process automation (RPA) industry. There are more than 42,000 hyper-intelligent automation (HIA) developers in the country, concentrated in Bengaluru (35%) and New Delhi (18%).
Market Players Outlook
The major companies serving the global RPA market include Automation Anywhere, Inc., Blue Prism Ltd., Celaton Ltd., FPT Software Ltd., HelpSystems, LLC, NTT Advanced Technology Corp., Pegasystems, UiPath, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, OpenBots, a New Jersey-based open-source RPA provider that launched its platform in November 2020, announced its first major update. The company, whose suite includes studio, server, and discovery software that enables companies to build and manage RPA bots for free in an open-source environment, said it has launched two new products in addition to the release of its Version 1.8.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global robotic process automation (RPA) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Robotic Process Automation Market
• Recovery Scenario of Global Robotic Process Automation Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Robotic Process Automation Market by Type
4.1.1. Software
4.1.2. Service (Consulting, Implementing, and Training)
4.2. Global Robotic Process Automation Market by Deployment
4.2.1. Cloud
4.2.2. On-Premise
4.3. Global Robotic Process Automation Market by Process
4.3.1. Automated Solution
4.3.2. Decision Support and Management Solutions
4.3.3. Interaction Solutions
4.4. Global Robotic Process Automation Market by Application
4.4.1. BFSI
4.4.2. Healthcare
4.4.3. Retail
4.4.4. Information Technology (IT) & Telecom
4.4.5. Manufacturing & Logistics
4.4.6. Others (Media & Education, Energy & Utilities, and Travel)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amelia LLC
6.2. Automation Anywhere, Inc.
6.3. Blue Prism Ltd.
6.4. Celaton Ltd.
6.5. EdgeVerve Systems Ltd. (Infosys)
6.6. FPT Software Ltd.
6.7. HelpSystems, LLC
6.8. KOFAX, Inc.
6.9. NICE Ltd.
6.10. NTT Advanced Technology Corp.
6.11. OnviSource, Inc.
6.12. Pegasystems
6.13. Redwood software Inc.
6.14. UiPath
6.15. Verint Systems Inc.
6.16. Xerox Holdings Corp.
1. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL SOFTWARE FOR ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SERVICE ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
5. GLOBAL CLOUD-BASED ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ON-PREMISE ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
8. GLOBAL ROBOTIC PROCESS AUTOMATION BY AUTOMATED SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ROBOTIC PROCESS AUTOMATION BY DECISION SUPPORT AND MANAGEMENT SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL ROBOTIC PROCESS AUTOMATION BY INTERACTION SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
12. GLOBAL ROBOTIC PROCESS AUTOMATION FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL ROBOTIC PROCESS AUTOMATION FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL ROBOTIC PROCESS AUTOMATION FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL ROBOTIC PROCESS AUTOMATION FOR IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL ROBOTIC PROCESS AUTOMATION FOR MANUFACTURING & LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL ROBOTIC PROCESS AUTOMATION FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
22. NORTH AMERICAN ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
23. NORTH AMERICAN ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. EUROPEAN ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. EUROPEAN ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
26. EUROPEAN ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
27. EUROPEAN ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
28. EUROPEAN ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
32. ASIA-PACIFIC ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
34. REST OF THE WORLD ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
35. REST OF THE WORLD ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
37. REST OF THE WORLD ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
38. REST OF THE WORLD ROBOTIC PROCESS AUTOMATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL ROBOTIC PROCESS AUTOMATION MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL ROBOTIC PROCESS AUTOMATION MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL ROBOTIC PROCESS AUTOMATION MARKET, 2022-2028 (%)
4. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL SOFTWARE FOR ROBOTIC PROCESS AUTOMATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL SERVICE FOR ROBOTIC PROCESS AUTOMATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET SHARE BY DEPLOYMENT, 2021 VS 2028 (%)
8. GLOBAL CLOUD-BASED ROBOTIC PROCESS AUTOMATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL ON-PREMISE ROBOTIC PROCESS AUTOMATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET SHARE BY PROCESS, 2021 VS 2028 (%)
11. GLOBAL ROBOTIC PROCESS AUTOMATION BY AUTOMATED SOLUTION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL ROBOTIC PROCESS AUTOMATION BY DECISION SUPPORT & MANAGEMENT SOLUTIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL ROBOTIC PROCESS AUTOMATION BY INTERACTION SOLUTIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
15. GLOBAL ROBOTIC PROCESS AUTOMATION FOR BFSI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL ROBOTIC PROCESS AUTOMATION FOR HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL ROBOTIC PROCESS AUTOMATION FOR RETAIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL ROBOTIC PROCESS AUTOMATION FOR IT & TELECOM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL ROBOTIC PROCESS AUTOMATION FOR MANUFACTURING & LOGISTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL ROBOTIC PROCESS AUTOMATION FOR OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. US ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
23. CANADA ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
24. UK ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
25. FRANCE ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
26. GERMANY ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
27. ITALY ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
28. SPAIN ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF EUROPE ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
30. INDIA ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
31. CHINA ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
32. JAPAN ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
33. SOUTH KOREA ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
34. REST OF ASIA-PACIFIC ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF THE WORLD ROBOTIC PROCESS AUTOMATION MARKET SIZE, 2021-2028 ($ MILLION)
