Robotic Process Automation Market Size Worth $66,079.34 Million By 2032 | CAGR: 38.2%

Robotic Process Automation Market Size Worth $66,079.34 Million By 2032 | CAGR: 38.2%

The Robotic Process Automation Services Market size is expected to reach USD 66,079.34 million by 2032, according to a new study by Polaris Market Research. The report “Robotic Process Automation (RPA) Market Size, Share, Trends, & Industry Analysis Report, By Process (Automated Solution, Decision Support & Management Solution, Interaction Solution); By Operation; By Type; By Industry; By Organization Size; By Region: Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Robotic Process Automation (RPA) is a technology that automates repetitive, manual tasks in a business environment by using software robots. RPA allows organizations to streamline their operations, reduce errors and costs, and improve efficiency. The technology works by mimicking human actions, such as data entry and process execution, and is designed to integrate with existing systems and workflows. RPA can be used in a variety of industries, including finance, healthcare, and customer service, and has been shown to provide significant benefits to organizations that adopt it. RPA is expected to witness significant growth in the coming years due to its ability to automate manual tasks and improve efficiency.

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The COVID-19 pandemic has had a significant impact on the adoption and usage of Robotic Process Automation (RPA) technology. With the sudden shift to remote work and the increased demand for automation to improve efficiency and reduce costs, RPA has emerged as a key tool to help organizations navigate the challenges posed by the pandemic.

Robotic Process Automation Services Market Report Highlights

  • Automated solution segment is dominating the market during the forecast period. Businesses are increasingly adopting automation to improve their operations. The adoption of automation is particularly prevalent in industries such as manufacturing, logistics, and finance, but it's also becoming more widespread in other industries in the forecasted period.
  • Tool-based segment is leading in robotic process automation (RPA) and accounts for the largest market share. Tool-based RPA involves the use of software tools to automate repetitively without the need for human intervention. Over the period tool-based Tanique is easier and gives faster results for the software user interface.
  • Knowledge based segment sector will continue to hold a significant market share due to several factors. First, advancements in technology have created new opportunities for companies in this sector to develop and deliver innovative products and services.
  • Blue Prism Group Plc (UK), Celaton Ltd. (UK), Kofax Ltd. (U.S.), Xerox Corporation (U.S.), Verint Systems Inc. (U.S.), Automation Anywhere Inc. (U.S.), Ipsoft, Inc. (U.S.), Redwood Software (Netherlands), UiPath (U.S.), Pegasystems Inc. (U.S.), Daythree Business Services Sdn Bhd (Malaysia), Kryon Systems (Israel), Softomotive (UK).

Polaris Market Research has segmented the robotic process automation services market report based on component, deployment, application, end-use, and region:

Robotic Process Automation Services, By Process Outlook (Revenue, USD Million, 2019-2032)

  • Automated Solution
  • Decision Support and Management Solution
  • Interaction Solution

Robotic Process Automation Services, By Type Outlook (Revenue, USD Million, 2019-2032)

  • Tool Based
  • Model Based Application Tools
  • Process Based Application Tools
  • Service Based Consulting
  • Integration and Development
  • Training

Robotic Process Automation Services, By Operation Outlook (Revenue, USD Million, 2019-2032)

  • Rule Based
  • Knowledge Based

Robotic Process Automation Services, By Industry Outlook (Revenue, USD Million, 2019-2032)

  • IT & Telecom
  • Healthcare and Pharma
  • BFSI
  • Manufacturing
  • Logistics
  • Retail
  • Travel & Hospitality

Robotic Process Automation Services, By Organization Size Outlook (Revenue, USD Million, 2019-2032)

  • SMBs
  • Large Enterprises

Robotic Process Automation Services Market, Regional Outlook (Revenue - USD Million, 2019-2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa