RPA Market to Grow at 22.5% CAGR by 2030
Increase in demand for Robotic Process Automation, owing to rise in number of corporate offices and development in robotic industry propels the growth of the robotic process automation (RPA) industry.
According to a new research report by Next Move Strategy Consulting, the global Robotic Process Automation (RPA) market was valued at USD 2.27 billion in 2021, and is expected to reach USD 18.69 billion by 2030, with a CAGR of 22.5% during the forecast period.
Robotic Process Automation have been witnessing rapid growth in sales, owing to developments related to the BFSI sector that adopts RPA to collect, analyse, and extensively analyse consumer data. In addition, increase deployment of RPA in pharma& healthcare segment and communication and media & education sector to connect, cooperate, and interact across numerous channels via cloud-based applications, web applications, or mobile apps boost the market growth.
On the contrary, high price of RPA and the non-acceptance of automated techniques by organisations hampers the market growth to some extent. However, the increasing focus on human-aware AI systems and development of smarter robots is expected to propel the growth of RPA market.
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According to the report, the leading market players providing robotic process automation (RPA) include UiPath, Inc, Automation Anywhere, Blue Prism Limited, Nice Ltd., Pega System, Kofax Inc, NTT-AT, EdgeVerve System, HelpSystems and WorkFusion, Inc.
Key Insights from the robotic process automation market share report:
The information related to key drivers, restraints, and opportunities and their impact on the robotic process automation (RPA) market size is provided in the report.
Value chain analysis in the market study provides a clear picture of role of each stakeholder in the market.
The players in the global robotic process automation (RPA) market share, along with their competitive analysis is provided in the report.