Robotic Process Automation Market Analysis, Demand, and Industry Size will grow 35 Billion by 2030
Research Reports
Mar 09, 2023
Robotic Process Automation Market Insights
According to MRFR analysis, the global Robotic Process Automation Market is expected to register a CAGR of 30.1% from 2022 to 2030 and hold a value of over USD 35 billion by 2030.
Robotic Process Automation (RPA) is a technology that allows organizations to automate repetitive, routine tasks typically done by humans using software robots. RPA software robots are designed to mimic the actions of humans, such as logging into a system, entering data, and navigating through applications. They can be used to automate a wide range of business processes, such as data entry, customer service, and back-office operations. The COVID-19 pandemic has had a significant impact on the adoption and use of RPA. The sudden shift to remote work and the need for businesses to quickly adapt to new ways of working has accelerated the adoption of RPA, as it allows organizations to automate processes and maintain business continuity. Additionally, RPA can also help organizations reduce labor costs and improve efficiency.
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The Robotic Process Automation (RPA) market is driven by a growing usage of smartphones with a healthy CAGR of 30.1% during the forecast period of 2022 to 2030.
Robotic Process Automation Market Key Players
Some of the Robotic Process Automation Market key players are –
- Broadcom Limited
- Samsung Electronics Co. Ltd.
- Huawei Technologies Co. Ltd.
- LG Corporation
- Foxconn Technology Group
- Fanuc Corporation
- ABB Ltd
- Seiko Epson Corporation
- Nachi Robotic System Inc.
- Nice Systems Ltd.
- Pegasystems
- Redwood Software
- Yaskawa Electric Corporation
- Denso Wave Incorporation.
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Robotic Process Automation Market Regional Analysis
The Asia-Pacific region is expected to see rapid growth in the robotic process automation industry. Many Asian countries are experiencing rapid economic growth, resulting in increased demand for technologically advanced and advanced electronic products such as Fitbits and smartphones. Automating the production of these devices is a response by manufacturers, who are also aiming to lower manufacturing costs to pass these savings on to consumers.
Market Segmentation
The Global Robotic Process Automation market has been segmented into type, application, and vertical.
Based on the process, the market has been segmented into Automated Solutions, Decision Support, and Management Solutions.
Based on the industry, the Robotic Process Automation Market has been segmented into IT & Telecommunication, Manufacturing & Logistics.
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