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Global Robotic Process Automation Market Size study & Forecast, by Process (Automated Solution, Decision Support and Management Solutions, Interaction Solutions) By Operations (Rule-based, Knowledge-based) By Type (Tools, Services) By Industry (Banking, Financial Services and Insurance, Healthcare and Pharmaceuticals, Manufacturing and Logistics, Telecom and IT, Retail and Consumer Goods, Travel, Hospitality, and Transportation, Others) and Regional Analysis, 2022-2029

February 2023 | 200 pages | ID: GAB398734A6AEN
Bizwit Research & Consulting LLP

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Global Robotic Process Automation Market is valued approximately USD 1.89 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 38.2% over the forecast period 2022-2029. Robotic Process Automation is the application of technology to configure computer software or a robot to capture and interpret applications for rule-based processing of transactions, data manipulation, and communication with other digital systems. Robotic process automation deals with the application of smart software to carry out high-volume and repetitive tasks. The Robotic Process Automation market is expanding because of factors such as growing demand for automation of business processes and to simplify the complex handling process. According to the Statista, the size of the global industrial automation market reached some USD 175 billion in 2020. The market is expected to grow at a compound annual growth rate (CAGR) of around nine percent until 2025. In 2025, the size of the global industrial automation market should reach USD 265 billion. Another important component driving space increase is simplifying the complex handling process. Cloud-based industrial Automation software industry has been prominent for several years but is growing rapidly, and cloud-deployed software is expected to grow at a compound annual growth rate of 9.4 percent between 2018 and 2023. Moreover, in 2021 the global market for industrial robots was sized at about USD 43.8 billion and expected to grow at a CAGR of 10%, reaching USD 70.6 billion by 2028. However, the high cost of Robotic Process Automation stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Robotic Process Automation Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the existence of key market players within the region. Moreover, in 2020, the RPA market was worth around USD 640 million and expected to reach USD 3870 million by 2024. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising industrial automation and government initiatives in the market space.

Major market player included in this report are:

Nice Systems Ltd.
Automation Anywhere
Blue Prism Group Plc
Celaton Ltd.
IPSoft, Inc.
Pegasystems Inc.
Redwood Software
UiPath SRL
Verint Systems Inc
Xerox Corporation

Recent Developments in the Market:
In Dec 2022, NICE launched an Enlighten AutoSummary, AI contact center solution for automatically generating contact center summaries of every customer interaction with an agent. Average handling times and after-call work are reduced as agents are relieved of the need for manual notetaking, while concise, accurate and actionable information about the interaction is immediately available to the next agent on the customer’s journey.

In Global Robotic Process Automation Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Process, Operation, Type, Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Process:
Automated Solution
Decision Support and Management Solutions
Interaction Solutions
By Operations:
Rule-based
Knowledge-based
By Type:
Tools
Services
By Industry:
Banking, Financial Services and Insurance
Healthcare and Pharmaceuticals
Manufacturing and Logistics
Telecom and IT
Retail and Consumer Goods
Travel, Hospitality, and Transportation
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Robotic Process Automation Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Robotic Process Automation Market, by Process, 2019-2029 (USD Billion)
  1.2.3. Robotic Process Automation Market, by Operations, 2019-2029 (USD Billion)
  1.2.4. Robotic Process Automation Market, by Type, 2019-2029 (USD Billion)
  1.2.5. Robotic Process Automation Market, by Industry, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET DYNAMICS

3.1. Robotic Process Automation Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Growing demand for automation of business processes
    3.1.1.2. Increasing demand to simplify the complex handling process
  3.1.2. Market Challenges
    3.1.2.1. High initial cost of Robotic Process Automation
  3.1.3. Market Opportunities
    3.1.3.1. Increasing adoption of cloud-based automation solutions

CHAPTER 4. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET, BY PROCESS

6.1. Market Snapshot
6.2. Global Robotic Process Automation Market by Process, Performance - Potential Analysis
6.3. Global Robotic Process Automation Market Estimates & Forecasts by Process 2019-2029 (USD Billion)
6.4. Robotic Process Automation Market, Sub Segment Analysis
  6.4.1. Automated Solution
  6.4.2. Decision Support and Management Solutions
  6.4.3. Interaction Solutions

CHAPTER 7. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET, BY OPERATIONS

7.1. Market Snapshot
7.2. Global Robotic Process Automation Market by Operations, Performance - Potential Analysis
7.3. Global Robotic Process Automation Market Estimates & Forecasts by Operations 2019-2029 (USD Billion)
7.4. Robotic Process Automation Market, Sub Segment Analysis
  7.4.1. Rule-based
  7.4.2. Knowledge-based

CHAPTER 8. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET, BY TYPE

8.1. Market Snapshot
8.2. Global Robotic Process Automation Market by Type, Performance - Potential Analysis
8.3. Global Robotic Process Automation Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
8.4. Robotic Process Automation Market, Sub Segment Analysis
  8.4.1. Tools
  8.4.2. Services

CHAPTER 9. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET, BY INDUSTRY

9.1. Market Snapshot
9.2. Global Robotic Process Automation Market by Industry, Performance - Potential Analysis
9.3. Global Robotic Process Automation Market Estimates & Forecasts by Industry 2019-2029 (USD Billion)
9.4. Robotic Process Automation Market, Sub Segment Analysis
  9.4.1. Banking, Financial Services and Insurance
  9.4.2. Healthcare and Pharmaceuticals
  9.4.3. Manufacturing and Logistics
  9.4.4. Telecom and IT
  9.4.5. Retail and Consumer Goods
  9.4.6. Travel, Hospitality, and Transportation
  9.4.7. Others

CHAPTER 10. GLOBAL ROBOTIC PROCESS AUTOMATION MARKET, REGIONAL ANALYSIS

10.1. Robotic Process Automation Market, Regional Market Snapshot
10.2. North America Robotic Process Automation Market
  10.2.1. U.S. Robotic Process Automation Market
    10.2.1.1. Process breakdown estimates & forecasts, 2019-2029
    10.2.1.2. Operations breakdown estimates & forecasts, 2019-2029
    10.2.1.3. Type breakdown estimates & forecasts, 2019-2029
    10.2.1.4. Industry breakdown estimates & forecasts, 2019-2029
  10.2.2. Canada Robotic Process Automation Market
10.3. Europe Robotic Process Automation Market Snapshot
  10.3.1. U.K. Robotic Process Automation Market
  10.3.2. Germany Robotic Process Automation Market
  10.3.3. France Robotic Process Automation Market
  10.3.4. Spain Robotic Process Automation Market
  10.3.5. Italy Robotic Process Automation Market
  10.3.6. Rest of Europe Robotic Process Automation Market
10.4. Asia-Pacific Robotic Process Automation Market Snapshot
  10.4.1. China Robotic Process Automation Market
  10.4.2. India Robotic Process Automation Market
  10.4.3. Japan Robotic Process Automation Market
  10.4.4. Australia Robotic Process Automation Market
  10.4.5. South Korea Robotic Process Automation Market
  10.4.6. Rest of Asia Pacific Robotic Process Automation Market
10.5. Latin America Robotic Process Automation Market Snapshot
  10.5.1. Brazil Robotic Process Automation Market
  10.5.2. Mexico Robotic Process Automation Market
10.6. Rest of The World Robotic Process Automation Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Top Market Strategies
11.2. Company Profiles
  11.2.1. Nice Systems Ltd.
    11.2.1.1. Key Information
    11.2.1.2. Overview
    11.2.1.3. Financial (Subject to Data Availability)
    11.2.1.4. Product Summary
    11.2.1.5. Recent Developments
  11.2.2. Automation Anywhere
  11.2.3. Blue Prism Group Plc
  11.2.4. Celaton Ltd.
  11.2.5. IPSoft, Inc.
  11.2.6. Pegasystems Inc.
  11.2.7. Redwood Software
  11.2.8. UiPath SRL
  11.2.9. Verint Systems Inc
  11.2.10. Xerox Corporation

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Robotic Process Automation Market, report scope
TABLE 2. Global Robotic Process Automation Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Robotic Process Automation Market estimates & forecasts by Process 2019-2029 (USD Billion)
TABLE 4. Global Robotic Process Automation Market estimates & forecasts by Operations 2019-2029 (USD Billion)
TABLE 5. Global Robotic Process Automation Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 6. Global Robotic Process Automation Market estimates & forecasts by Industry 2019-2029 (USD Billion)
TABLE 7. Global Robotic Process Automation Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Robotic Process Automation Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Robotic Process Automation Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Robotic Process Automation Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Robotic Process Automation Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Robotic Process Automation Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Robotic Process Automation Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Robotic Process Automation Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Robotic Process Automation Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. Global Robotic Process Automation Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. U.S. Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. U.S. Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 21. Canada Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. Canada Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 24. UK Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. UK Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 27. Germany Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. Germany Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 30. France Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. France Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 33. Italy Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Italy Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 36. Spain Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. Spain Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 39. RoE Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. RoE Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 42. China Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. China Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 45. India Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. India Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 48. Japan Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. Japan Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 51. South Korea Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. South Korea Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 54. Australia Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. Australia Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 57. RoAPAC Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. RoAPAC Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 60. Brazil Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Brazil Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 63. Mexico Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. Mexico Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 66. RoLA Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. RoLA Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Robotic Process Automation Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 69. Row Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. Row Robotic Process Automation Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Robotic Process Automation Market
TABLE 72. List of primary sources, used in the study of global Robotic Process Automation Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Robotic Process Automation Market, research methodology
FIG 2. Global Robotic Process Automation Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Robotic Process Automation Market, key trends 2021
FIG 5. Global Robotic Process Automation Market, growth prospects 2022-2029
FIG 6. Global Robotic Process Automation Market, porters 5 force model
FIG 7. Global Robotic Process Automation Market, pest analysis
FIG 8. Global Robotic Process Automation Market, value chain analysis
FIG 9. Global Robotic Process Automation Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Robotic Process Automation Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Robotic Process Automation Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Robotic Process Automation Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Robotic Process Automation Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Robotic Process Automation Market, regional snapshot 2019 & 2029
FIG 15. North America Robotic Process Automation Market 2019 & 2029 (USD Billion)
FIG 16. Europe Robotic Process Automation Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Robotic Process Automation Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Robotic Process Automation Market 2019 & 2029 (USD Billion)
FIG 19. Global Robotic Process Automation Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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