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Robotic Process Automation Market to Expand at a Healthy CAGR of 33% through 2029

12-16-2021 02:14 PM CET | IT, New Media & Software

Press release from: Fact.MR

Robotic Process Automation Market

Robotic Process Automation Market

The following report provides forecast and analysis of the global robot process automation market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and, according to a Fact.MR study.

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Global Robot Process Automation Market: In-Depth Assessment on Key Segments
The global robot process automation market is segmented on the basis of type, service, organization, deployment, application and region.

Type

Software
Service

Service

Consulting
Implementation
Training

Organization

SMEs
Large Enterprises
Deployment

Cloud
On-Premise

Application

BFSI
Manufacturing
Pharma & Healthcare
Retail
Telecom & IT
Others

Region

North America
Latin America
East Asia
South Asia & Oceania
Middle East & Africa

The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of Robotic Process Automation.

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Some Notable Offerings by Fact.MR Report on Robotic Process Automation market:

• Fact.MR will provide you an analysis of the extent to which this Robotic Process Automation market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• Fact.MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

The Market survey of Robotic Process Automation offers a comprehensive analysis of diverse features, including production capacities analysis of Robotic Process Automation, demand, product developments, revenue generation, and Size of Robotic Process Automation Market across the globe.

Market Players Focus on Workflow Optimization
Market players can garner sustainable revenue streams by decreasing onboarding time and resolving scaling issues.

Organizations need to focus on reducing the friction surrounding robotic process automation by eliminating time consumption, and transforming effort-intensive processes.

RPA vendor selection criteria is moving towards products that offer detailed assessment of their ability to integrate, scale, and provide security and enterprise levels governance of manufacturing processes.

Measuring the effect of robotic process automation will act as a crucial factor for sustainable revenues during the forecast period.

Major players in the market that influence the competitive landscape are, but not limited to

UiPath
Automation Anywhere Inc.
NICE
Blue Prism
Pegasystems
Kofax
NTT Advanced Technology Corporation
Genpact Ltd
EdgeVerve
IPsoft Inc.

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Key Takeaways of Robotic Process Automation Market Study

Service product types hold the leading market share of more than 58% of the total value. Enterprise organizations are looking for end-to-end services that ensure organization wide deployment of robotic process automation initiatives.

Robotic process automation based on smart software meets the demands of small and medium enterprises. On the back of suitability and flexibility of deployment, the software segment will grow at an astounding 35% CAGR from 2019 to 2029.

Consulting service segment will grow thirteen-folds during the forecast period. This can be attributed to the growing need for customized robotic process automation from companies.

In terms of target clients, large enterprises hold a majority market value share on the back of increasing need of these organizations to expand their global footprint in highly competitive environments.

North America maintains share-wide leadership with more than 1/2 of the total market value. Early adopters are at the forefront of robotic process automation owing to the increasing demand from consumers for precision product manufacturing.

Banking, Financial Services & Insurance is the leading application segment for robotic process automation with over 1/4th of the total market value. This can be attributed to surging application of artificial intelligence and big data analytics in evaluating consumer candidature for financial services.

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How Fact.MR Assists in Making Strategic Moves For Robotic Process Automation Market Manufacturer?

• The data provided in the Robotic Process Automation market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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