The Global Robotic Process Automation Market Size accounted for USD 1.6 Billion in 2021 and is projected to achieve a market size of USD 25.1 Billion by 2030 rising at a CAGR of 35.9% from 2022 to 2030. Robotic process automation, also known as RPA, is a popular technology that enables businesses to automate recurring tasks using software robots or bots. The growing need for automated technology among various applications such as commercial enterprises is a key driver for robotic process automation (RPA) market growth.
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Robotic Process Automation (RPA) Market Report Statistics
- Global robotic process automation market revenue is estimated to reach USD 25.1 Billion by 2030 with a CAGR of 35.9% from 2022 to 2030
- North America robotic process automation market share accounted for over 38% shares in 2021
- According to Wipro estimates, RPA provides at least 15-20% cost benefit in back office operations
- Asia-Pacific robotic process automation market growth will register quick CAGR from 2022 to 2030
- Based on type, software acquired over 60% of the overall market share in 2021
- Increasing demand to manage complex unstructured data will fuel the global robotic process automation market value
- Rising inclination of AI and ML is a popular robotic process automation market trend that is fueling the industry demand
In Small and Medium-scale Enterprises (SMEs) that confront business constraints, regarding money-related and HR designation, the execution of RPA is relied upon to give development roads. The sending of RPA will help an association to keep its activities as lean as could reasonably be expected. Additionally, the utilization of mechanization advancements has turned into an urgent factor to increase long-haul gainful development. These product bots display the most extreme proficiency and can work 24/7*365 on their relegated errand, which brings about accomplishing quickened profitability.
Global Robotic Process Automation Market Dynamics
Market Drivers
- Growing need to automate business process
- Increasing demand to reduce operational cost
- Rising adoption of RPA in healthcare and BFSI sectors
- Advent of COVID-19 pandemic
Market Restraints
- High implementation cost
- Infrastructure issues associated with RPA
Market Opportunities
- Surging investments in the technology by SMEs
- Rising innovations in RPA to accommodate changing consumer demands
Robotic Process Automation Market Report Coverage
| Market |
Robotic Process Automation Market |
| Robotic Process Automation Market Size 2021 |
USD 1.6 Billion |
| Robotic Process Automation Market Forecast 2030 |
USD 25.1 Billion |
| Robotic Process Automation Market CAGR During 2022 - 2030 |
35.9% |
| Robotic Process Automation Market Analysis Period |
2018 - 2030 |
| Robotic Process Automation Market Base Year |
2021 |
| Robotic Process Automation Market Forecast Data |
2022 - 2030 |
| Segments Covered |
By Type, By Deployment, By Organization Size, By Application, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Automation Anywhere, Blue Prism Limited, EdgeVerve Systems Limited, Kofax Inc., FPT Software, NTT Advanced Technology Corporation, OnviSource, Inc., Pegasystems Inc., UiPath, and Xerox Corporation. |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Robotic Process Automation Market Growth Factors
The reception of artificial intelligence (AI) and automation solutions has empowered associations to handle such market difficulties while meeting customer desires. In addition, these automation advancements center more on upgrading the worker encounter instead of supplanting them. One such advance increasing quick market footing is the RPA innovation that handles dreary and rule-based errands without human intercession. Consequently, RPA empowers associations to robotize dull capacities and spotlight more on center business errands.
One of the major factors influencing the increased adoption of RPA technology is the growing demand for business process automation. The primary goal of RPA is to document an organization's activities for efficient management. RPA implementation provides advantages such as improved customer experience, improved internal processes, lower operational risk, cost savings, and increased efficiency Organizations are increasingly requiring these solutions to handle complex data and information, as well as to automate business processes. To automate their business processes, key players in the robotic process automation market are incorporating advanced technologies such as cloud, artificial intelligence (AI), machine learning (ML), and cognitive technologies.
Robotic Process Automation Market Segmentation
The global robotic process automation (RPA) market is segmented based on type, deployment, organization size, application, and geography.
Robotic Process Automation Market By Type
- Software
- Services
- Consulting
- Implementation
- Training
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According to our robotic process automation RPA market forecast, the services segment is expected to lead the industry with more than 60% share from 2022 to 2030. In addition to that, the services segment commanded rapid growth during the projected timeframe due to rising demand from players to enable high scalability and lessen cost by incorporating RPA as a service.
Robotic Process Automation Market By Deployment
Based on deployment, the on-premise segment acquired majority of the market share and is likely to continue its trend throughout the forecasted years from 2022 to 2030. On the other hand, cloud-based robotic process automation deployment model is anticipated to witness a record growth during the estimated timeframe from 2022 to 2030.
Robotic Process Automation Market By Organization Size
- Large Enterprises
- Small and Medium Enterprises (SMEs)
As per our RPA industry analysis, large enterprises hold a significant market share in 2021 and will continue to do so in the coming few years. This could be attributed to the high and quick demand of RPA adoption to automated process and save millions. Additionally, large enterprises trend of spending more on automation also enables them to acquire latest and customized version of RPA software for their business process. However, SMEs are not lacking behind and are gradually investing more and more on RPA, thus resulting in an impressive growth from 2022 to 2030.
Robotic Process Automation Market By Application
- BFSI
- Manufacturing
- Pharma & Healthcare
- Retail
- Telecom & IT
- Communication and Media & Education
- Logistics and Energy & Utilities
- Others
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According to application, BFSI was the most revenue generating segment and accounted over 25% in 2021. The use of RPA in the BFSI sector enables banks and other financial organizations to automate business processes such as account opening, deposits, and loan lending in order to reduce costs. However, the pharma & healthcare segment is expected to grow the fastest during the projected period, owing to increased demand for RPA to automate hospital management systems.
Robotic Process Automation Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Robotic Process Automation (RPA) Market Regional Analysis
North America captures the major market share in 2021 accounting for over 38% of its share and is projected to continue its dominance during the forthcoming. Main parameter contributing to development of this region comprises increase in technology spending and also surge in need for automation by numerous end verticals such as BFSI and manufacturing.
Asia-Pacific is anticipated to observer profitable development forthcoming due to economic growths in countries, for instance, China and India, are anticipated to aid drive the market development. Enormous populace base with increasing ICT spending in the region captures to high need for reasonable treatment options. Europe captured the market share 23% of the global market share during the forecast period. The growth is attributed to increase in inclination towards technological advance thing in the regions. Also, occurrence of target populace base paired with increase their inclination towards technology and automation drives the regional market growth.
Robotic Process Automation Market Players
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major robotic process automation companies include Automation Anywhere, Blue Prism Limited, EdgeVerve Systems Limited, Kofax Inc., FPT Software, NTT Advanced Technology Corporation, OnviSource, Inc., Pegasystems Inc., UiPath, and Xerox Corporation.
CHAPTER 1. Industry Overview of Robotic Process Automation Market
1.1. Definition and Scope
1.1.1. Definition of Robotic Process Automation
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Robotic Process Automation Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Robotic Process Automation Market By Type
1.2.3. Robotic Process Automation Market By Deployment
1.2.4. Robotic Process Automation Market By Organization Size
1.2.5. Robotic Process Automation Market By Application
1.2.6. Robotic Process Automation Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Robotic Process Automation Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Robotic Process Automation Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Robotic Process Automation Market By Type
4.1. Introduction
4.2. Robotic Process Automation Revenue By Type
4.2.1. Robotic Process Automation Revenue (USD Billion) and Forecast, By Type, 2018-2030
4.2.2. Software
4.2.2.1. Software Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.3. Services
4.2.3.1. Services Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.3.2. Consulting
4.2.3.2.1. Consulting Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.3.3. Implementation
4.2.3.3.1. Implementation Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.3.4. Training
4.2.3.4.1. Training Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 5. Robotic Process Automation Market By Deployment
5.1. Introduction
5.2. Robotic Process Automation Revenue By Deployment
5.2.1. Robotic Process Automation Revenue (USD Billion) and Forecast, By Deployment, 2018-2030
5.2.2. On-Premise
5.2.2.1. On-Premise Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.3. Cloud
5.2.3.1. Cloud Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 6. Robotic Process Automation Market By Organization Size
6.1. Introduction
6.2. Robotic Process Automation Revenue By Organization Size
6.2.1. Robotic Process Automation Revenue (USD Billion) and Forecast, By Organization Size, 2018-2030
6.2.2. Large Enterprises
6.2.2.1. Large Enterprises Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.3. SMEs
6.2.3.1. SMEs Size Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 7. Robotic Process Automation Market By Application
7.1. Introduction
7.2. Robotic Process Automation Revenue By Application
7.2.1. Robotic Process Automation Revenue (USD Billion) and Forecast, By Application, 2018-2030
7.2.2. BFSI
7.2.2.1. BFSI Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.3. Manufacturing
7.2.3.1. Manufacturing Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.4. Pharma & Healthcare
7.2.4.1. Pharma & Healthcare Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.5. Retail
7.2.5.1. Retail Market Revenue (USD Billion) and Growth Rate (%), 2018-2030 BFSI
7.2.6. Telecom & IT
7.2.6.1. Telecom & IT Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.7. Communication and Media & Education
7.2.7.1. Communication and Media & Education Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.8. Logistics and Energy & Utilities
7.2.8.1. Logistics and Energy & Utilities Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.9. Others
7.2.9.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 8. North America Robotic Process Automation Market By Country
8.1. North America Robotic Process Automation Market Overview
8.2. U.S.
8.2.1. U.S. Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
8.2.2. U.S. Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.2.3. U.S. Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
8.2.4. U.S. Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
8.3. Canada
8.3.1. Canada Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
8.3.2. Canada Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.3.3. Canada Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
8.3.4. Canada Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
8.4. North America PEST Analysis
CHAPTER 9. Europe Robotic Process Automation Market By Country
9.1. Europe Robotic Process Automation Market Overview
9.2. U.K.
9.2.1. U.K. Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
9.2.2. U.K. Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.2.3. U.K. Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
9.2.4. U.K. Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
9.3. Germany
9.3.1. Germany Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
9.3.2. Germany Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.3.3. Germany Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
9.3.4. Germany Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
9.4. France
9.4.1. France Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
9.4.2. France Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.4.3. France Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
9.4.4. France Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
9.5. Spain
9.5.1. Spain Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
9.5.2. Spain Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.5.3. Spain Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
9.5.4. Spain Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
9.6. Rest of Europe
9.6.1. Rest of Europe Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
9.6.2. Rest of Europe Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.6.3. Rest of Europe Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
9.6.4. Rest of Europe Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Robotic Process Automation Market By Country
10.1. Asia Pacific Robotic Process Automation Market Overview
10.2. China
10.2.1. China Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
10.2.2. China Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.2.3. China Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.2.4. China Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
10.3. Japan
10.3.1. Japan Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
10.3.2. Japan Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.3.3. Japan Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.3.4. Japan Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
10.4. India
10.4.1. India Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
10.4.2. India Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.4.3. India Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.4.4. India Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
10.5. Australia
10.5.1. Australia Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
10.5.2. Australia Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.5.3. Australia Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.5.4. Australia Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
10.6. South Korea
10.6.1. South Korea Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
10.6.2. South Korea Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.6.3. South Korea Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.6.4. South Korea Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
10.7.2. Rest of Asia-Pacific Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.7.3. Rest of Asia-Pacific Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.7.4. Rest of Asia-Pacific Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Robotic Process Automation Market By Country
11.1. Latin America Robotic Process Automation Market Overview
11.2. Brazil
11.2.1. Brazil Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
11.2.2. Brazil Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.2.3. Brazil Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
11.2.4. Brazil Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
11.3. Mexico
11.3.1. Mexico Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
11.3.2. Mexico Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.3.3. Mexico Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
11.3.4. Mexico Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
11.4. Rest of Latin America
11.4.1. Rest of Latin America Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
11.4.2. Rest of Latin America Robotic Process Automation Revenue (USD Billion) and Forecast By, 2018-2030
11.4.3. Rest of Latin America Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
11.4.4. Rest of Latin America Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Robotic Process Automation Market By Country
12.1. Middle East & Africa Robotic Process Automation Market Overview
12.2. GCC
12.2.1. GCC Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
12.2.2. GCC Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
12.2.3. GCC Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
12.2.4. GCC Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
12.3. South Africa
12.3.1. South Africa Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
12.3.2. South Africa Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
12.3.3. South Africa Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
12.3.4. South Africa Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Robotic Process Automation Revenue (USD Billion) and Forecast By Type, 2018-2030
12.4.2. Rest of Middle East & Africa Robotic Process Automation Revenue (USD Billion) and Forecast By Deployment, 2018-2030
12.4.3. Rest of Middle East & Africa Robotic Process Automation Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
12.4.4. Rest of Middle East & Africa Robotic Process Automation Revenue (USD Billion) and Forecast By Application, 2018-2030
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Robotic Process Automation Market
13.1. Robotic Process Automation Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Robotic Process Automation Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Automation Anywhere
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (USD Billion), 2021
14.1.3.2. Automation Anywhere 2021 Robotic Process Automation Business Regional Distribution
14.1.4. Product /Service and Specification
14.1.5. Recent Developments & Business Strategy
14.2. Blue Prism Limited
14.3. EdgeVerve Systems Limited
14.4. Kofax Inc.
14.5. FPT Software
14.6. NTT Advanced Technology Corporation
14.7. OnviSource, Inc.
14.8. Pegasystems Inc.
14.9. UiPath
14.10. Xerox Corporation
