Fact.MR has adopted a multi-disciplinary approach to shed light on the evolution of the global Robotic Process Automation market during the historical period of 2014 – 2018. The global robotic process automation market will grow at an extraordinary 33% CAGR from 2019 to 2029. Extensive rounds of primary and comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Robotic Process Automation market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the robotic process automation software market.
COVID-19 impact
The SARS-CoV-2 pandemic has wreaked havoc across the world with high transmission rates and fatalities. With the closing down of manufacturing facilities and production units, a great loss has been observed. Furthermore, supply chain disruptions have also affected the robotic process automation software market greatly. The global outbreak has affected numerous sectors and the robotic process automation software market is no exception. The study highlights the positive and negative factors due to the COVID-19 outbreak on the global robotic process automation software market.
After reading the Robotic Process Automation market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the Robotic Process Automation market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
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The Robotic Process Automation market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- APEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)
The evaluation of the competitive landscape in the Robotic Process Automation market covers the profile of the following top players:
- UiPath
- Automation Anywhere Inc.
- NICE
- Blue Prism
- Pegasystems
- Kofax
- NTT Advanced Technology Corporatio
- Genpact Ltd
- EdgeVerve
- IPsoft, Inc.
- Others
To expand the understanding of opportunities in the global Robotic Process Automation market report looks at close quarters into the opportunities and new avenues in following key segments:
- Software
- Service
In addition to understanding the demand patterns of various types, the report on the Robotic Process Automation market also enumerates trends expected to attract investments by other various associated industries.
On the basis of product types, the Robotic Process Automation market report offers insight into major adoption trends for the following segments:
- BFSI
- Manufacturing
- Pharma & Healthcare
- Retail
- Telecom & IT
- Others
By Deployment,
- Cloud
- On-Premise
By Organization,
- SMEs
- Large Enterprises
By Service,
- Consulting
- Implementation
- Training
The global Robotic Process Automation market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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Some important questions that the Robotic Process Automation market report tries to answer exhaustively are:
- Key strategic moves by various players in the Robotic Process Automation market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
- Which strategies will enable top players in the Robotic Process Automation market to expand their geographic footprints?
- Which new business models are expected to change the course of growth of key regional markets in near future?
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
- Which products segments have in recent years have seen new, lucrative application areas?
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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The global robotic process automation market is forecasted to exhibit a stellar CAGR of 33% during the forecast period (2020-2029), according to a market study by Fact.MR.
Factors predominantly fueling the growth are manufacturers in telecom, travel, insurance, healthcare, and banking realizing cost-effectiveness and labor efficiency by automating production process components.Robotic process automation bolsters organizations in reducing production timelines and eliminates errors possible in manual processes, thereby significantly benefitting in terms of revenue.
Despite the adverse effects the COVID-19 outbreak is having on businesses across the globe, the robotic process automation market is likely to benefit from the outbreak of COVID-19.The outbreak has disrupted supply chains and manual manufacturing plants have halted production, or operating with limited workforce.
Thereby, robotic process automation helps other industries in mitigating a huge business impact.Request for Sample Report with Statistical Info @ https://www.factmr.com/connectus/sample?flag=S_id=4628Segmental Highlights:Consulting service segment is expected to register significant growth and account for nearly 57% of overall market share.
The growth is primarily attributed to the growing awareness among organizations in developing economies, that are looking for cost-efficient alternatives in technology.Training segment will remain the second most lucrative segment, owing to increasing investments in training and development by organizations to enhance employee skillset and productivity.Service product types are projected to lead in terms of market share, accounting for more than 58% of the total value, on the back of enterprise organizations’ preference for end-to-end services to ensure organization-wide deployment of robotic process automation initiatives.Smart software-based robot process automation is projected will grow at a tremendous rate during the forecast period, owing to suitability and flexibility of deployment which befits the demands of small and medium scale enterprises (SMEs).Large enterprises will capture the majority of market value share owing to the increasing need of these organizations to expand their global footprint in highly competitive environments.North America is expected to persist its dominance in the top spot, accounting for more than half of the global market value.
The demand in the region is due to the growing adoption of robotic process automation to cater to the demand for the increasing millennial population.Banking, Financial Services & Insurance is forecasted to lead the end-use segment, holding more than a quarter of market value, owing to the surging application of artificial intelligence and big data analytics in evaluating consumer candidature for financial services.Explore 219 tables and 256 figures of the study.
Analysis of the Global Robotic Process Automation MarketA new study published by Fact.MR on the global Robotic Process Automation market includes a global analysis and opportunity assessment for the period 2019-2029.
The report offers a comprehensive assessment of the key market dynamics in detail.
The analysts take into account the historic as well as the current growth parameters to project the growth of the Robotic Process Automation market with maximum accuracy.The global robotic process automation market will project an astounding 17X growth from 2019 to 2029.
The report provides a Y-o-Y growth trend analysis and the current and future market volume projections (Units) for the assessment period.
The impact of the novel COVID-19 pandemic on the Robotic Process Automation market is assessed in the report along with valuable insights pertaining to how market participants are adapting to the current situation.Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4628In a bid to recognize the growth prospects in the Robotic Process Automation market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market.
Each segment of the Robotic Process Automation market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:North AmericaLatin AmericaEuropeJapanAPEJMEAThe key players in the global Robotic Process Automation market report consist ofAutomation Anywhere, Inc.NICEBlue PrismPegasystemsKofaxNTT Advanced Technology CorporationEach market player encompassed in the Robotic Process Automation market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R projects, and business tactics.
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