Robotic Process Automation Market Size, Share & COVID-19 Impact Analysis, By Deployment (On-Premises, Cloud), By Operation (Rule-Based, Knowledge-Based), By Application (Administration and reporting, Customer Support, Data Migration & Capture Extraction, Analysis, Others), By Industry (Retail, Manufacturing and Logistics Industry, BFSI, Healthcare, IT and Telecom, Hospitality, Others) and Regional Forecasts, 2021-2028
Fortune Business Insightspublished the latest research report on the Robotic Process Automation Market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, theRobotic Process Automation Marketstudy demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.
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|Market Size Value in 2020||USD 1.29 Billion|
|Growth Rate||CAGR of25 % from2021-2028|
|Revenue forecast in 2028||USD 7.64 Billion|
Increasing Adoption of Advanced Technologies to Fuel Market Growth
The increasing demand for automated technology by companies to handle their complex and unstructured information and automate their businesses end to end is expected to drive the robotic process automation market growth in upcoming years. Additionally, the combination of RPA technology with artificial intelligence as well as technologies is helping in extending the horizons of business processes. Using such advanced technologies helps automatically observe work activities, recognize optimal workflows, and suggest a self-regulatory path to businesses. For instance, in May 2020, AntWork announced the launch of ANTstein, an AI, RPA, and machine learning integrated platform. With this launch, the company aims to offer maximum bot utilization, insights into all types of data, data curation, and building.
This Report Answers the Following Questions:
Major companies in Robotic Process Automation Market Report are:
Pre-Post COVID-19 Impact on Global Robotic Process Automation Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Robotic Process Automation Market, since end-user industries were still not operating at their full capacity.
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global Robotic Process Automation Market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Robotic Process Automation Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
KEY QUESTIONS ANSWERED:
Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the Robotic Process Automation Market?
2) What is the market size, share?
3) Who are the top key players in the market?
4) What will be the future market of the Robotic Process Automation Market?
Table of Contents with Major Points:
1.1. Market Snapshot
1.2. Global and Segmental Market Estimates and Forecasts, 2018-2029 (USD Billion)
1.2.1. Robotic Process Automation Market, by Region, 2018-2029 (USD Billion)
1.2.2. Robotic Process Automation Market, by Type, 2018-2029 (USD Billion)
1.2.3. Robotic Process Automation Market, by Application, 2018-2029 (USD Billion)
1.2.4. Robotic Process Automation Market, by Verticles, 2018-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
2.Global Robotic Process Automation Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition and 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
3.Global Robotic Process Automation Market Dynamics
3.1. Robotic Process Automation Market Impact Analysis (2018-2029)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
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
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2029)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation and Conclusion
5.Global Robotic Process Automation Market, by Type
5.1. Market Snapshot
5.2. Global Robotic Process Automation Market by Type, Performance Potential Analysis
5.3. Global Robotic Process Automation Market Estimates and Forecasts by Type 2018-2029 (USD Billion)
5.4. Robotic Process Automation Market, Sub Segment Analysis
6.Global Robotic Process Automation Market, by Application
6.1. Market Snapshot
6.2. Global Robotic Process Automation Market by Application, Performance Potential Analysis
6.3. Global Robotic Process Automation Market Estimates and Forecasts by Application 2018-2029 (USD Billion)
6.4. Robotic Process Automation Market, Sub Segment Analysis
7.Global Robotic Process Automation Market, by Verticles
7.1. Market Snapshot
7.2. Global Robotic Process Automation Market by Verticles, Performance Potential Analysis
7.3. Global Robotic Process Automation Market Estimates and Forecasts by Verticles 2018-2029 (USD Billion)
7.4. Robotic Process Automation Market, Sub Segment Analysis
8.Global Robotic Process Automation Market, Regional Analysis
8.1. Robotic Process Automation Market, Regional Market Snapshot
8.2. North America Robotic Process Automation Market
8.3. Europe Robotic Process Automation Market Snapshot
8.4. Asia-Pacific Robotic Process Automation Market Snapshot
8.5. Latin America Robotic Process Automation Market Snapshot
8.6. Rest of The World Robotic Process Automation Market
9.1. Top Market Strategies
9.2. Company Profiles
188.8.131.52. Key InDurationation
184.108.40.206. Financial (Subject to Data Availability)
220.127.116.11. Product Summary
18.104.22.168. exact Developments
10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.3. Market Estimation
10.2. Research Attributes
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