Attractive Opportunity:
Robotic process
automation is the application of technology to configure computer
software or a robot to capture and interpret existing applications for
rule-based processing of transactions, manipulate data, trigger
responses, and communicate with other digital systems. Robotic process
automation deals with the application of smart software to carry out
high-volume and repetitive tasks that usually take a lot of time for
humans to accomplish, and which are typically monotonous to perform of
robotic process automation market.
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Key Findings of the Global Digital Pathology Market:
Robotic Process Automation (RPA) Market is estimated to reach USD
2,467.0 million by 2022, at a CAGR of 30.14% between 2017 and 2022.
To forecast the robotic process automation market size, in terms of value, of segments with respect to four main regions (along with their respective countries), namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
To provide the RPA market statistics with detailed classifications, along with the respective market size
To provide the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges
To analyze the competitive intelligence of players based on company
profiles, key player strategies, and game-changing developments such as
solution launches and acquisitions
What are the Driving Factors of the Robotic Process Automation Market ?
The research methodology used to estimate and forecast the robotic process automation market
begins with capturing data on key vendor revenue through secondary
research, covering Institute for Robotic Process Automation (IRPA),
press releases, investor relation presentations, annual reports, etc.
Vendor offerings are also taken into consideration to determine the
market segmentation. The bottom-up approach is employed to arrive at the
overall size of the global RPA market from the revenue of key players.
After arriving at the overall market size, the total market is split
into several segments and subsegments.
Robotic
process automation market for healthcare and pharmaceuticals will
likely to grow at the highest CAGR during forecast period to boost Drive The Market Growth
The
healthcare and pharmaceuticals industry is highly
information-dependent, as it involves medical records of patients,
credentials of patients, information on claims processing, revenue cycle
management, etc. In this regard, robotic process automation not only
helps reduce operational costs but also ensures greater accuracy.
Global Increasing
demand for Robotic process automation tools expected to hold the
largest market size of the overall robotic process automation market:
Robotic
process automation tools held the largest market size in 2018 owing to
its capability of eliminating repeatable and predictable human
interactions with business applications by mimicking the way people
interact with applications through a user interface and also by
following simple rules to make decisions.
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Robotic Process Automation Market Top Companies Profiles:
The
growth of robotic process automation in Canada is driven by the ramp-up
of the banking and financial industry. Human resource outsourcing,
business process outsourcing, and contact center outsourcing have seen
tremendous growth in Canada in recent times. The growth of the RPA
market in Mexico is driven by the booming manufacturing industry. New
factories and manufacturing units are being built in Mexico, requiring
proper supply chain management to be implemented to reduce costs.
The
RPA market report profiles the most promising players in the RPA
market. The competitive landscape of the market presents an interesting
picture of strategies adopted by many players. Nice Systems Ltd.
(Israel), Automation Anywhere (US), Blue Prism Group Plc (UK), Celaton
Ltd. (UK), IPSoft, Inc. (US), Pegasystems Inc. (US), Redwood Software
(US), UiPath SRL (UK), Verint Systems Inc. (US), and Xerox Corporation
(US) are few dominant players in the robotic process automation market.
PR Newswire Link :
https://www.prnewswire.com/in/news-releases/robotic-process-automation-market-worth-24670-million-usd-by-2022-615462134.html
Regional Insight by MarketsandmarketsTM Research:
The growth of the RPA market in Mexico is driven by the booming manufacturing industry. New factories and manufacturing units are being built in Mexico, requiring proper supply chain management to be implemented to reduce costs. Inventory management, purchase order, stocking goods, and economic order quantity management require automated processes—backed by software bots.
Regions & Countries Covered:
North America - (U.S., Canada, Mexico)
Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
Latin America - (Brazil, Argentina, Rest Of Latin America)
The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)
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