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(Hosting-NewsWire.com, September 14, 2018 ) According to a new study published by Polaris Market Research the worldwide RPA market is anticipated to reach USD 7,288 million by 2026. Currently, majority of the organizations are implementing the solutions depending upon RPA which are fully developed in terms of applicability, credibility and clarity.
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Top Major Player:
Automation Anywhere Inc.
Blue Prism Group Plc.
Be Informed B.V. among others.
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RPA is proving the flexibility and benefits such as cost saving, scalability, enhanced accuracy, and compliance. Industry experts are focusing to transform the traditional Business Process Management (BPM) model and alter the worldwide outsourcing industry as these tools are less expensive and perform repetitive and complex tasks.
Robotic Process Automation (RPA) Market by Applications:
1. IT & Telecom
Robotic Process Automation (RPA) Market by Regions:
1. North America – (U.S., Canada)
2. Europe – (Germany, UK, France, Italy, Russia)
3. Asia-Pacific – (China, India, Japan, Australia)
4. Latin America – (Brazil, Mexico)
5. Middle East & Africa – (UAE, Saudi Arabia, South Africa).
The main difference between the RPA and other automated methodologies is the aligned processes used to complete the tasks carried by employees. RPA uses applications from a standard integration through the distribution of software without alteration to the applications or systems being regulated.
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Today, most of the new technologies are highly expensive however, RPA has simplified processes and is neither complex nor expensive. RPA has its major applications in multiple industry verticals such as IT, telecom, healthcare and BFSI, and it is anticipated that the BFSI vertical would have a major traction during the forecast period.
Key Findings from the study suggest the largest share of this market in 2017 was of North America. Due to the growing need to reduce the operational cost and increase effectiveness, medium and small enterprise are anticipated to inspect the highest CAGR. In the year 2017, Telecom & IT estimated for the highest market share. RPA is used widely in Telecom industry as the sector requires activities and demands from users with ever increasing amount of data processing.
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Over the forecast period, Asia Pacific is anticipated to grow at a CAGR of 41%. Due to the rising RPA awareness, this region holds automation technologies and applications at a faster pace. There is a growing demand to provide growth opportunities that are expected to incorporate Business Process-as-a-Service (BPaaS). By 2026, the North American robotics process automation market is expected to reach USD 3.4 billion. This is due to the increased perforation in medium and small enterprises of automation and process management solutions.
About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.
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