Friday, November 16, 2018

US$ 819 Million Global Robotic Process Automation Market Value to Register 30% CAGR between 2018 and 2028, finds Bekryl


Bekryl Market Intelligence Report | Global Robotic Process Automation Industry Analysis
Global RPA Market is estimated to be valued over US$ 819 Mn in 2018 and will register 30% CAGR to create high revenue opportunity for RPA vendors, finds Bekryl Market Analysts

According to recently updated report by Bekryl, Global Robotic Process Automation (RPA) Market Value is expected to exceed USD 11 Billion by 2028. The industry will register impressive CAGR of 30% to create high incremental opportunity for engaged players.  

There has been massive deployment of RPA worldwide between 2015 and 2018 and is expected to maintain the momentum for another decade. The trend is quite strong in Europe and North America and will gain high traction in Asia Pacific by 2021. Industry digitization, emergence of artificial intelligence and internet of things (IoT) has created favorable business ecosystem for vendors. Few of the end-use sectors has been able to largely cut their operational cost by 70% and generate higher return on investment (ROI) through automation. Business process management witness highest deployment of RPA in 2018 and will account for 35% of total share by 2025.

Get Report Sample (PDF) https://bekryl.com/sample/sample-request/?bekryl=Get-Robotic-Process-Automation-RPA-Sample-Report.

Key trends from Robotic Process Automation Market Report:

Trend#1: BSFI and IT to collectively account for 52% of Global Installation in 2018

High security features, lower turnaround time along with faster technology adoption has led to wide scale RPA demand from BFSI and IT sector. RPA eases the IT infrastructure setup in BFSI sector and prevents fraudulent activities – thereby ensuring high level of security, better customer engagement and good profit margins. The system bridges the gap between BPM and ERM systems. Each year, the banking sector spends nearly 18% on IT infrastructure and security maintenance. Installation of RPA will help minimize such spending to large extent.

Trend#2: North America is estimated to Account for 58% of Global RPA Market Share in 2018

North America will account for over 58% of global sales in 2018. Various high level programs and R&D spending on automation has been conducted in the region, as a result of which favorable ecosystem exists in North America. The region is characterized by the presence of large number of RPA players with few backed by leading organizations. The region will continue to drive the RPA sales with U.S. accounting for 93% of regional RPA market share in 2018.

Western Europe will be another key destination for vendors. The Region is characterized by the presence of well established companies. Jacada Inc., Be Informed B.V., UiPath, Blue Prism Group Plc, Automation Anywhere Inc., and OpenSpan are key players with Automation Anywhere being the market leader. Germany accounted for 28% of regional share and will witness 2X increase in revenue by 2023. Over 85% of companies are expected to use RPA for operational efficiency in Germany by 2023.

Asia Pacific will be the future force destination for RPA vendors. The region will create high revenue opportunity by 2028. China and India will be major destination for RPA vendors. RPA market in Asia will be driven by its integration in banking, telecom and healthcare sectors. Large IT corporations are leveraging RPA to complete their client deliverable process in time bound task. Deployment will take place at a very large scale in China and India by 2021.

Trend#3: Multinational Companies (Revenue >US$ 350 Million) to Dominate the Global Robotic Process Automation Market

Much of the robotic process automation will take place in large scale enterprises. High capital influx along with in-built IT infrastructure are key factors driving the installations of such software in organization. These leading organizations spends nearly 250X higher amount on automation than that by mid-scale companies.

To know more about Robotic Process Automation market trends and data, visit: https://bekryl.com/industry-trends/robotic-process-automation-market-size-analysis

Blue Prism Group Plc, Be Informed B.V., Automation Anywhere Inc., OpenSpan and Jacada Inc., are key companies covered the robotic process automation market report.

Bekryl has analyzed robotic process automation market value by:

By Application:

  • Healthcare
  • BFSI
  • Retail
  • Telecom
  • IT services
  • e-commerce
  • Manufacturing
  • Insurance
  • Chemicals
  • Others

By Organization Size:

  • Large Scale Enterprises
  • Mid-Scale Enterprises
  • Small Scale Enterprises

Robotic Process Automation Market, By Automation:

  • Assisted Automation
  • Unassisted Automation

By Deployment:

  • Cloud/SaaS
  • Server (VMs)

Robotic Process Automation Market, By Tools

  • Model Based
  • Process Based

Robotic Process Automation Market, By Service

  • Training and Consulting
  • Professional

Europe RPA Market: https://bekryl.com/industry-trends/western-europe-robotic-process-automation-market-size-analysis

 

About Bekryl

Bekryl Market Analysts is a global market research and consulting service firm that helps industry stakeholders to take smarter decisions and achieve remarkable growth in today's disruptive business environment. We bring together data, leader's opinion and analytical service to help client define their growth strategy ranging from mergers and acquisitions based strategic decisions to finding market opportunity in business verticals namely chemicals, food & beverages, automotive, electronics and industrial production.

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