Global Robotic Process Automation Market Size Analysis, 2018-2028

REPORT ID: BKR660Domain: Smart TechnologiesPublished Date: April 2018

 

 

Global Robotic Process Automation Market Size Analysis

The Global Robotic Process Automation Market Size is estimated to be valued over USD 819 million in 2018 and will register a CAGR of 30% to create high revenue opportunity for industry players during the forecast period (2018-2028).

Software robots has gained wide scale recognition and are performing large scale of operations that not only lower the operational cost but also raises the productivity scale. Emerging artificial technology has led companies especially large scale enterprises to adopt robot process automation (RPA) with machine learning technology to automate the whole operations and ensure higher efficiency. As a result, companies are becoming more agile and efficient and are expected to be fully digitalized in coming years.

Global Robotic Process Automation Market Drivers and Challenges

Global robotic process automation market is driven by factors such significant increase in ease of doing business through installation of robotic process automation. RPA market is not only useful in terms of overall economic value but also in workforce management, and improving quality control of company’s operations. IT reduces the overall time cycle and thus increases business performance by 2X to 8X. There is a high scope for automation and it is expected that nearly 51% of overall business operations can be automated. As such, there exists high potential for engaged players to drive their sales revenue worldwide.

Though the overall RPA penetration in the business process is quite low, it witnessed over 51% growth rate between 2013 and 2017 – suggesting nearly 25% of business process spending. It will further rise to 35% by end of forecast period.

There is immense opportunity for the growth of global robotic process automation market. Efficient learning, rapid innovations and effective testing in overall business ecosystem will drive the RPA adoption. Further, advent of artificial intelligence will hike the overall IT spending on initial stage. RPA will be the most benefited from such industry dynamics.

Global Robotic Process Automation Market Analysis, By Application

Robotic process automation market size will be driven by usage across wide range of applications namely – BFSI, healthcare, retail, telecom, IT services, retail, insurance, e-commerce, manufacturing, chemicals and others.

BFSI and IT will collectively account for over 52% of global demand in 2018. Adoption will be high in IT sector owing to higher IT spending, large scale business process with minimum turnaround time and faster technology adoption will act as key driving forces for IT sector. BPM is gaining higher traction and is expected to nearly 35% of spending towards RPA by 2026. As such, the RPA market share will grow on a higher note during the forecast period.

Besides IT sector, banking and financial services too will register lucrative growth. RPA eases the wide range of activity in BFSI without the need for complex programming and thus helps in better client services. Moreover, the RPA is capable of minimizing the fraudulent activities – ensuring better safety and higher customer engagement – leading to higher profit margins.

On an average, Banking and finance sectors spend nearly 18% on aligning IT with security for better processing networks. The spending is increasing with rise in business complexities – resulting in high operational cost and shrinking ROI. RPA is one such software and service platform that do not require complex programming. Once installed, it can scale up the business performance through automation and better turnaround with high security features.

Insurance and ecommerce will be fastest growing segment collectively registering 900 basis points during the forecast period. Large scale entities will be the first to adopt the RPA. Insurance carriers use RPA in claims processing along with faster data processing.

Global Robotic Process Automation Market Analysis, By Enterprise

Large scale enterprise dominates the robotic process automation market size. Leading companies spends 250X higher amount on automation compared to small and mid-scale. Only a small fraction of the industry is capitalized with RPA. Higher adoption of RPA in BPM will create favorable business environment. Large scale companies is expected to reach a valuation of US$ 630 million in 2018.

Global Robotic Process Automation Market Size and Forecast: Regional Analysis

North America is the early adopter of RPA services and is expected to dominate the global robotic process automation market value throughout the forecast period. North America RPA market accounted for 58% of overall sales followed by Western Europe and Asia Pacific. Presence of large scale companies along with higher spending on R&D has created favorable business environment in the region.

Asia Pacific will gain significant share post 2023 owing to RPA adoption in BPO and manufacturing sectors. China Japan and India will lead the regional share.

Global Robotic Process Automation Market Size and Forecast: Competition Landscape

Global robotic process automation market outlook is substantially consolidated. Blue Prism Group Plc, Automation Anywhere Inc., Jacada Inc., Be Informed B.V., and OpenSpan are key companies operating the industry. RPA adoption will increase in near future owing to its short time to investment recovery. It takes just 5 to 8 months to recover initial investment. As such, the market looks favorable during the forecast period.

Robotic Process Automation Market Industry Segmentation

By Application:

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

By Organization Size:

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

By Automation:

  • Assisted Automation
  • Unassisted Automation

By Deployment:

  • Cloud/SaaS
  • Server (VMs)

What Will You Discover in the Report?

  • An in-depth analysis of the Robotic Process Automation market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Robotic Process Automation market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Robotic Process Automation market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How End-users will reflect to the Robotic Process Automation industry during the forecast period
  • Who are the Robotic Process Automation industry leaders and what are the key initiatives taken by them for long term growth

Analyst access with Bekryl Market Analysts

Purchasing of Robotic Process Automation market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Robotic Process Automation Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Robotic Process Automation Market Value
    • Overall Market Forecast
    • Robotic Process Automation Growth Outlook, By Segments
    • Robotic Process Automation Growth Scenario, by Region
  6. The Robotic Process Automation Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain
    • Growth Factor Analysis
    • Key Industry Players By Region
  7. The Robotic Process Automation Industry Dynamics
    • Drivers
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition and Compliances, By Selected countries
  8. Global Robotic Process Automation Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Industry Predictive Analysis
    • Robotic Process Automation Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Robotic Process Automation Market Size and Forecast, (2017-2027)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Robotic Process Automation Industry Size and Forecast, By Segments

By Application:

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

By Organization Size:

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

By Automation:

  • Assisted Automation
  • Unassisted Automation

By Deployment:

  • Cloud/SaaS
  • Server (VMs)
  1. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Robotic Process Automation Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Robotic Process Automation Market, By Segments (As mentioned in section 10 of TOC)
    • S. Robotic Process Automation Market Size and Forecast, By Segments
    • Canada Robotic Process Automation Market Size and Forecast, By Segments
  2. Latin America Robotic Process Automation Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Robotic Process Automation Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Robotic Process Automation Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Robotic Process Automation Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Robotic Process Automation industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Robotic Process Automation Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Robotic Process Automation Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Robotic Process Automation Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Robotic Process Automation Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Robotic Process Automation industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Robotic Process Automation Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Robotic Process Automation Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Robotic Process Automation Market, By Segments (As mentioned in section 10 of Robotic Process Automation Market TOC)
    • Russia Robotic Process Automation Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Robotic Process Automation industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Robotic Process Automation Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Robotic Process Automation Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Robotic Process Automation Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Robotic Process Automation Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Robotic Process Automation industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Robotic Process Automation Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Robotic Process Automation Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Robotic Process Automation Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Robotic Process Automation Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Robotic Process Automation industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Robotic Process Automation Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Robotic Process Automation Industry Size and Forecast, (2017-2027)
    • Africa Robotic Process Automation Industry Share (%)
    • Africa Robotic Process Automation Industry Growth Forecast (%)
    • South Africa Robotic Process Automation Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Robotic Process Automation industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Robotic Process Automation Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • Blue Prism Group Plc,
      • Automation Anywhere Inc.,
      • Jacada Inc.,
      • Be Informed B.V.,
      • OpenSpan
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies) To access the detailed Robotic Process Automation industry TOC and sample research pages, download sample. Get Sample Report  

Robotic Process Automation Market Report Structure

Robotic Process Automation Industry Dynamics

This section enables Robotic Process Automation industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Robotic Process Automation market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Robotic Process Automation industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Robotic Process Automation Industry Trends
  • Robotic Process Automation Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Robotic Process Automation Industry Experts Market Opinion

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Robotic Process Automation industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Robotic Process Automation industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

 

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Robotic Process Automation market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Robotic Process Automation Market Size

  • S.
  • Canada

Latin America Robotic Process Automation Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Robotic Process Automation Market value analyzed across each Latin America country)

Western Europe Robotic Process Automation Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Robotic Process Automation Market value analyzed across each Western Europe country)

Central and Eastern Europe Robotic Process Automation Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Robotic Process Automation Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Robotic Process Automation Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Robotic Process Automation Market value analyzed across each Asia Pacific country)

Middle East Robotic Process Automation Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Robotic Process Automation Market value analyzed across each Middle East country)

Africa Robotic Process Automation Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

Robotic Process Automation Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Robotic Process Automation Market Growth Forecasting Methodology

In order to prepare historical data and analyze Robotic Process Automation market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Robotic Process Automation market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Robotic Process Automation market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Robotic Process Automation industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

 

Robotic Process Automation Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 



   
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By | 2018-04-23T15:16:24+00:00 April 16th, 2018|