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Robotic Process Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 146 pages | ID: R69C83515A25EN
IMARC Group

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The global robotic process automation market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.8 Billion by 2028, exhibiting a growth rate (CAGR) of 29.76% during 2022-2028.

Robotic process automation (RPA) refers to an advanced software technology that builds, deploys, and manages software robots. It aids in manipulating data, passing data from different applications, triggering responses, or executing transactions. It also assists in streamlining workflows and increasing employee satisfaction, engagement, and productivity by eliminating repetitive tasks from their workdays. Apart from this, it offers greater resilience and higher accuracy, and accelerates transformation, improves compliance and boosts productivity. As it is also scalable, requires minimal investment, and provides a significant return on investment (ROI), the application of RPA is expanding among numerous industry verticals across the globe.

Robotic Process Automation Market Trends:
Due to the coronavirus disease (COVID-19) outbreak and consequent imposition of lockdown restrictions, there is a considerable rise in the shift towards remote working to comply with government regulations, continue business operations and prevent the spread of the pandemic. This represents one of the key factors driving the market. Moreover, RPA helps in inducing quick execution and the arrangement of a large volume of data in less time than mechanical procedures with reduced overhead expenditure for enterprises. Consequently, it is increasingly being utilized in the banking, financial services, and insurance (BFSI), healthcare, information technology (IT), and telecom industries worldwide. Furthermore, leading players are integrating RPA with advanced technologies, such as machine learning (ML), which is advancing the capabilities of software bots beyond rule-based processes. It is also allowing task execution like human decision-making skills. Additionally, these players are utilizing artificial intelligence (AI) to handle cognitive processes that require skills, such as understanding documents, visualizing screens, and comprehending speech and carrying on conversations and chats.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global robotic process automation market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, operation, deployment model, organization size and end user.

Breakup by Component:

Software
Services

Breakup by Operation:

Rule-based
Knowledge-based

Breakup by Deployment Model:

On-premises
Cloud-based

Breakup by Organization Size:

Large Enterprises
Small and Medium Sized Enterprises

Breakup by End User:

BFSI
Healthcare and Pharmaceuticals
Retail and Consumer Goods
IT and Telecommunication
Government and Defense
Transportation and Logistics
Energy and Utilities
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amelia US LLC, Automation Anywhere Inc., AutomationEdge, Blue Prism Group PLC, Infosys Limited, International Business Machines Corporation, Kofax Inc., NICE Ltd., Pegasystems Inc., UiPath, Verint Systems and WorkFusion Inc.

Key Questions Answered in This Report:
How has the global robotic process automation market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global robotic process automation market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the operation?
What is the breakup of the market based on the deployment model?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global robotic process automation market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL ROBOTIC PROCESS AUTOMATION MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Software
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Services
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY OPERATION

7.1 Rule-based
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Knowledge-based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY DEPLOYMENT MODE

8.1 On-premises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Cloud-based
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY ORGANIZATION SIZE

9.1 Large Enterprises
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Small and Medium Sized Enterprises
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY END USER

10.1 BFSI
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Healthcare and Pharmaceuticals
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Retail and Consumer Goods
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 IT and Telecommunication
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Government and Defense
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Transportation and Logistics
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Energy and Utilities
  10.7.1 Market Trends
  10.7.2 Market Forecast
10.8 Others
  10.8.1 Market Trends
  10.8.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Amelia US LLC
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
  16.3.2 Automation Anywhere Inc.
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
  16.3.3 AutomationEdge
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
  16.3.4 Blue Prism Group PLC
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
  16.3.5 Infosys Limited
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6 International Business Machines Corporation
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
    16.3.6.4 SWOT Analysis
  16.3.7 Kofax Inc.
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
  16.3.8 NICE Ltd.
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
    16.3.8.4 SWOT Analysis
  16.3.9 Pegasystems Inc.
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10 UiPath
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
    16.3.10.3 Financials
  16.3.11 Verint Systems
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
    16.3.11.3 Financials
    16.3.11.4 SWOT Analysis
  16.3.12 WorkFusion Inc.
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Robotic Process Automation Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Robotic Process Automation Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Robotic Process Automation Market Forecast: Breakup by Operation (in Million US$), 2023-2028
Table 4: Global: Robotic Process Automation Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 5: Global: Robotic Process Automation Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 6: Global: Robotic Process Automation Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 7: Global: Robotic Process Automation Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Robotic Process Automation Market: Competitive Structure
Table 9: Global: Robotic Process Automation Market: Key Players

LIST OF FIGURES

Figure 1: Global: Robotic Process Automation Market: Major Drivers and Challenges
Figure 2: Global: Robotic Process Automation Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Robotic Process Automation Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Robotic Process Automation Market: Breakup by Component (in %), 2022
Figure 5: Global: Robotic Process Automation Market: Breakup by Operation (in %), 2022
Figure 6: Global: Robotic Process Automation Market: Breakup by Deployment Mode (in %), 2022
Figure 7: Global: Robotic Process Automation Market: Breakup by Organization Size (in %), 2022
Figure 8: Global: Robotic Process Automation Market: Breakup by End User (in %), 2022
Figure 9: Global: Robotic Process Automation Market: Breakup by Region (in %), 2022
Figure 10: Global: Robotic Process Automation (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Robotic Process Automation (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Robotic Process Automation (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Robotic Process Automation (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Robotic Process Automation (Rule-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Robotic Process Automation (Rule-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Robotic Process Automation (Knowledge-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Robotic Process Automation (Knowledge-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Robotic Process Automation (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Robotic Process Automation (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Robotic Process Automation (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Robotic Process Automation (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Robotic Process Automation (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Robotic Process Automation (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Robotic Process Automation (Small and Medium Sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Robotic Process Automation (Small and Medium Sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Robotic Process Automation (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Robotic Process Automation (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Robotic Process Automation (Healthcare and Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Robotic Process Automation (Healthcare and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Robotic Process Automation (Retail and Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Robotic Process Automation (Retail and Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Robotic Process Automation (IT and Telecommunication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Robotic Process Automation (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Robotic Process Automation (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Robotic Process Automation (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Robotic Process Automation (Transportation and Logistics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Robotic Process Automation (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Robotic Process Automation (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Robotic Process Automation (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Robotic Process Automation (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Robotic Process Automation (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: North America: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: United States: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: United States: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Canada: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Canada: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Asia-Pacific: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Asia-Pacific: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: China: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: China: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Japan: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Japan: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: India: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: India: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: South Korea: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: South Korea: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Australia: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Australia: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Indonesia: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Indonesia: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Europe: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Europe: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Germany: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Germany: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: France: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: France: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: United Kingdom: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: United Kingdom: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Italy: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Italy: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Spain: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Spain: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Russia: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Russia: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Latin America: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Latin America: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Brazil: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Brazil: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Mexico: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Mexico: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Others: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Others: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Middle East and Africa: Robotic Process Automation Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Middle East and Africa: Robotic Process Automation Market: Breakup by Country (in %), 2022
Figure 90: Middle East and Africa: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Global: Robotic Process Automation Industry: SWOT Analysis
Figure 92: Global: Robotic Process Automation Industry: Value Chain Analysis
Figure 93: Global: Robotic Process Automation Industry: Porter's Five Forces Analysis


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