Home / ICT / Robotic Process Automation Market By Solution (Software, Services), By Automation Type (Attended, Un-attended, Hybrid), By Deployment (On-cloud, On-premise), By Enterprise Size (Large, SMEs), By Industry Verticals (BFSI, Telecom, Retail, Healthcare, Manufacturing, Others) - Growth, Future Prospects, and Competitive Analysis, 2019 - 2027

Robotic Process Automation Market By Solution (Software, Services), By Automation Type (Attended, Un-attended, Hybrid), By Deployment (On-cloud, On-premise), By Enterprise Size (Large, SMEs), By Industry Verticals (BFSI, Telecom, Retail, Healthcare, Manufacturing, Others) - Growth, Future Prospects, and Competitive Analysis, 2019 - 2027

Published: Apr 2020 | Published By: Acute Market Research

Key Market Insights

"Robotic process automation (RPA) aiding value to the businesses worldwide"

Robotic process automation (RPA) is the use of software bots to automate highly repetitive, routine tasks normally performed by knowledge workers. Automating repetitive tasks saves time and money. Robotic process automation bots expand the value of an automation platform by completing tasks faster, allowing employees to perform higher-value work. It helps in carrying out high-volume and repetitive tasks that take a lot of time for humans to accomplish, and which are typically monotonous to perform of robotic process automation market

Technological advancements have influenced businesses across the world to overcome new challenges aimed to cope with changing consumer demand and requirements. Also, it is helping these businesses to be competitive in the global market. RPA has the ability to deliver seamless operation coupled with significant value addition from the resources. These organizations worldwide are continually looking to identify processes that can be automated to accelerate productivity. In the recent past, large enterprises, as well as SMEs, are increasingly adopting robotic process automation, considering the benefits it is providing to their businesses. 

With the increasing competitiveness among the market players, there is a decreasing cost of automation software and services. In addition, a surge in demand for virtual workforce also supporting the growth of the market across the globe. Overall, the global robotic process automation market was US$ 898.3 Mn in 2018 and expected to reach US$ 10,781.0 Mn by 2027, growing at a CAGR of 31.8% from 2019 to 2027. 

 

RPA Type Segment Analysis

"Service segment dominating the market"

The RPA type segment is segmented into software and service. The service segment accounted for the largest share in the RPA market size in 2018. The service segment accounted for around 60% of the overall revenue share of the market for robotic process automation in 2018. The growing competition among the service providers is continuously enhancing advisory, consulting, and training services. This, in turn, helping the software user and service takers to achieve reduced costs and increased scalability. During the forecast period, it is estimated that the service segment will keep its dominance. 

 

Regional Analysis

"North America dominating the global market by region"

The North American region dominated the market for robotic process automation in 2018, and it is expected to continue its dominance over the forecast period. The increased penetration of automation and process management solutions across the well-established and technologically advanced industries present in the region have added advantages to the market. Furthermore, SMEs are increasingly adopting RPA technology within their business functions such as accounting/finance, human resource-related processes, and procurement. In addition, strong support from the U.S. government has encouraged all other state governments’ agencies to implement robotic process automation, which has fostered market growth.

The Asia Pacific region is expected to witness the fastest CAGR over the forecast period. Rising awareness about automation in the region is also expected to boost demand. Strong industrial growth and increasing investment from global players have added advantages to the adoption of RPA in the region. Furthermore, increasing demand for business process automation solutions in the BPO sector in China and India is contributing to regional growth. However, lack of trained and skilled employees is the major concern in the region and that is obstructing the regional market growth. Furthermore, those SMEs having budget constraints are having affordability issues that prove to the challenges for the RPA vendors.

 

"Growing partnerships is keeping the market competitive"

The global robotic process automation market is competitive. Prominent players operating in the robotic process automation market are adopting strategies such as a partnership with other companies, acquisition of smaller players to increase their client base and geographical reach. Following is the list of players included in the published reports.

List of Companies Covered:

  • UiPath
  • Automation Anywhere Inc.
  • Blue Prism Ltd.
  • NICE
  • Pegasystems Inc.
  • Kofax Inc.
  • NTT Advanced Technology Corporation
  • EdgeVerve Systems Ltd.
  • ActiveOps Ltd.
  • HelpSystems
  • Others

Key Industry Development:

  • In May 2019, UiPath and Mannai Trading Co. WLL, the largest Systems Integrator & leading provider for Business Process Management (BPM) automation in Qatar, announced a technological partnership to drive a new level of integration of RPA to organizations in Qatar. This partnership with UiPath will provide customers in Qatar with access to best-of-breed implementation and management services along with industry-leading RPA and Intelligent Automation technology. 
  • In May 2019, UiPath, the leading enterprise Robotic Process Automation (RPA) software company, announced that it has partnered with PFS Tech, a boutique IT company offering digital consultancy, technology and outsourcing services to provide solutions that increase operational efficiency and improve business performance using RPA to automate repetitive, time-consuming tasks. Through this partnership, PFS Tech will enlist its extensive experience in the digital transformation and process automation fields and utilize UiPath’s AI-powered RPA platform towards delivering fully integrated solutions to PFS Tech clients. 

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Market Segmentation 

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 Solution Segment (2017-2027; US$ Mn)
  • Software
  • Services
     o Consulting
     o Implementation
     o Training

 Automation Type Segment (2017-2027; US$ Mn)
 • Attended
 • Un-attended
 • Hybrid

 Deployment Type Segment (2017-2027; US$ Mn)
 • On-cloud
 • On-premise

 Enterprise Size Segment (2017-2027; US$ Mn)
 • Large
 • SMEs

 Industry Verticals Segment (2017-2027; US$ Mn)
 • BFSI
 • Telecom
 • Retail
 • Healthcare
 • Manufacturing
 • Others

 Geography Segment (2017–2027; US$ Mn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the global robotic process automation market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio and business strengths. 

Unique data points of this report

  • Recent trends across different regions in terms of development of robotic process automation market
  • Attractive investment proposition for application segment as well as geography

Key questions answered in this report

  • What was the market size of robotic process automation market in 2018 and forecast up to 2027?
  • What are the key factors driving the global robotic process automation market?
  • What are the key market trends and high-growth opportunities observed in the robotic process automation market?
  • Which is the largest regional market for robotic process automation market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the robotic process automation market?
  • What are the key strategies adopted by the leading players operating in the market?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Robotic Process Automation (RPA) Market
2.2. Global RPA Market, by Solution, 2018 (US$ Mn)
2.3. Global RPA Market, by Automation Type, 2018 (US$ Mn)
2.4. Global RPA Market, by Process, 2018 (US$ Mn)
2.5. Global RPA Market, by Deployment, 2018 (US$ Mn)
2.6. Global RPA Market, by Enterprise Size, 2018 (US$ Mn)
2.7. Global RPA Market, by Industry Size, 2018 (US$ Mn)
2.8. Global RPA Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global RPA Market Value, 2017 – 2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Market Trends
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Robotic Process Automation (RPA) Market, by Solution , 2017 – 2027 (US$ Mn)
4.1. Overview
4.2. Software
4.3. Services

5. Global Robotic Process Automation (RPA) Market, by Automation Type, 2017 – 2027 (US$ Mn)
5.1. Overview
5.2. Attended
5.3. Un-attended
5.4. Hybrid

6. Global Robotic Process Automation (RPA) Market, by Process, 2017 – 2027 (US$ Mn)
6.1. Overview
6.2. Automation
6.3. Decision Support
6.4. Management
6.5. Interaction

7. Global Robotic Process Automation (RPA) Market, by Deployment, 2017 – 2027 (US$ Mn)
7.1. Overview
7.2. On-cloud
7.3. On-premise

8. Global Robotic Process Automation (RPA) Market, by Enterprise Size, 2017 – 2027 (US$ Mn)
8.1. Overview
8.2. Large
8.3. SMEs

9. Global Robotic Process Automation (RPA) Market, by Enterprise Size, 2017 – 2027 (US$ Mn)
9.1. Overview
9.2. BFSI
9.3. Telecom
9.4. Retail
9.5. Healthcare
9.6. Manufacturing
9.7. Others

10. North America Robotic Process Automation (RPA) Analysis, 2017 – 2027 (US$ Mn)
10.1. Overview
10.1.1. North America RPA Market Value and Growth, 2017 – 2027, (US$ Mn)
10.2. North America RPA Market Value, By Solution, 2017 – 2027 (US$ Mn)
10.2.1. Market Analysis
10.3. North America RPA Market Value, By Automation Type, 2017 – 2027 (US$ Mn)
10.3.1. Market Analysis
10.4. North America RPA Market Value, By Process, 2017 – 2027 (US$ Mn)
10.4.1. Market Analysis
10.5. North America RPA Market Value, By Deployment Type, 2017 – 2027 (US$ Mn)
10.5.1. Market Analysis
10.6. North America RPA Market Value, By Enterprise Size, 2017 – 2027 (US$ Mn)
10.6.1. Market Analysis
10.7. North America RPA Market Value, By Industry Vertical, 2017 – 2027 (US$ Mn)
10.7.1. Market Analysis
10.8. North America RPA Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
10.8.1. Market Analysis
10.8.2. U.S.
10.8.3. Rest of North America

11. Europe Robotic Process Automation (RPA) Analysis, 2017 – 2027 (US$ Mn)
11.1. Overview
11.1.1. Europe RPA Market Value and Growth, 2017 – 2027, (US$ Mn)
11.2. Europe RPA Market Value, By Solution, 2017 – 2027 (US$ Mn)
11.2.1. Market Analysis
11.3. Europe RPA Market Value, By Automation Type, 2017 – 2027 (US$ Mn)
11.3.1. Market Analysis
11.4. Europe RPA Market Value, By Process, 2017 – 2027 (US$ Mn)
11.4.1. Market Analysis
11.5. Europe RPA Market Value, By Deployment Type, 2017 – 2027 (US$ Mn)
11.5.1. Market Analysis
11.6. Europe RPA Market Value, By Enterprise Size, 2017 – 2027 (US$ Mn)
11.6.1. Market Analysis
11.7. Europe RPA Market Value, By Industry Vertical, 2017 – 2027 (US$ Mn)
11.7.1. Market Analysis
11.8. Europe RPA Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
11.8.1. Market Analysis
11.8.2. U.K.
11.8.3. Germany
11.8.4. France
11.8.5. Rest of Europe

12. Asia Pacific Robotic Process Automation (RPA) Analysis, 2017 – 2027 (US$ Mn)
12.1. Overview
12.1.1. Asia Pacific RPA Market Value and Growth, 2017 – 2027, (US$ Mn)
12.2. Asia Pacific RPA Market Value, By Solution, 2017 – 2027 (US$ Mn)
12.2.1. Market Analysis
12.3. Asia Pacific RPA Market Value, By Automation Type, 2017 – 2027 (US$ Mn)
12.3.1. Market Analysis
12.4. Asia Pacific RPA Market Value, By Process, 2017 – 2027 (US$ Mn)
12.4.1. Market Analysis
12.5. Asia Pacific RPA Market Value, By Deployment Type, 2017 – 2027 (US$ Mn)
12.5.1. Market Analysis
12.6. Asia Pacific RPA Market Value, By Enterprise Size, 2017 – 2027 (US$ Mn)
12.6.1. Market Analysis
12.7. Asia Pacific RPA Market Value, By Industry Vertical, 2017 – 2027 (US$ Mn)
12.7.1. Market Analysis
12.8. Asia Pacific RPA Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
12.8.1. Market Analysis
12.8.2. Japan
12.8.3. China
12.8.4. India
12.8.5. Rest of Asia Pacific

13. Rest of the World Robotic Process Automation (RPA) Market Analysis, 2017 – 2027 (US$ Mn)
13.1. Overview
13.1.1. Rest of the World RPA Market Value and Growth, 2017 – 2027, (US$ Mn)
13.2. Rest of the World RPA Market Value, By Solution, 2017 – 2027 (US$ Mn)
13.2.1. Market Analysis
13.3. Rest of the World RPA Market Value, By Automation Type, 2017 – 2027 (US$ Mn)
13.3.1. Market Analysis
13.4. Rest of the World RPA Market Value, By Process, 2017 – 2027 (US$ Mn)
13.4.1. Market Analysis
13.5. Rest of the World RPA Market Value, By Deployment Type, 2017 – 2027 (US$ Mn)
13.5.1. Market Analysis
13.6. Rest of the World RPA Market Value, By Enterprise Size, 2017 – 2027 (US$ Mn)
13.6.1. Market Analysis
13.7. Rest of the World RPA Market Value, By Industry Vertical, 2017 – 2027 (US$ Mn)
13.7.1. Market Analysis
13.8. Rest of the World RPA Market Value, By Region, 2017 – 2027 (US$ Mn)
13.8.1. Market Analysis
13.8.2. Middle East & Africa
13.8.3. Latin America

14. Company Profiles
14.1. AIQ UiPath
14.2. Automation Anywhere
14.3. Blue Prism
14.4. NICE
14.5. Pegasystems
14.6. Kofax
14.7. NTT-AT
14.8. EdgeVerve Systems
14.9. OpenConnect
14.10. HelpSystems

*RPA - Robotic Process Automation

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