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, 2022 - 2030

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, 2022 - 2030


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 in the 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$ 1755.2 Mn in 2021 and is expected to reach US$ 21,066.0 Mn by 2030, growing at a CAGR of 31.8% from 2022 to 2030. 

 

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 2021. The service segment accounted for around 60% of the overall revenue share of the market for robotic process automation in 2021. 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 2021, 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

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Robotic Process Automation market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Robotic Process Automation market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2020-2030
Base Year 2021
Forecast Period  2022-2030
Historical Year  2020
Unit  USD Million
Segmentation
Solution  
  • Software  
  • Services      
    • Consulting    
    • Implementation    
    • Training  

Automation Type  
  • Attended  
  • Un-attended  
  • Hybrid  

Deployment Type  
  • On-cloud  
  • On-premise  

Enterprise Size  
  • Large  
  • SMEs  

Industry Verticals  
  • BFSI  
  • Telecom  
  • Retail  
  • Healthcare  
  • Manufacturing  
  • Others

 Region Segment (2020–2030; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Robotic Process Automation market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Robotic Process Automation market?
  • Which is the largest regional market for Robotic Process Automation market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Robotic Process Automation market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Robotic Process Automation market worldwide?
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