Robotic Process Automation (RPA) Market 2019 Industry Size, Global Applications, Development, Future Demand and Regional Trends by Forecast to 2023

The report on the global Robotic Process Automation (RPA) market covers historical market trends, current market dynamics, market valuation by segmentation as well as region,key player's market share analysis, competitive landscape and supply chain analysis.

Pune, India - February 12, 2019 /MarketersMedia/ —

Market Highlights:

Robotic process automation (RPA) is an application technology where software with capabilities of artificial intelligence and machine learning are used for handling high volume, repeatable tasks. RPA allows employees to configure and program computer software or a robot to interpret existing application in the organization for manipulating data, processing transactions and communicating with digital systems. The RPA is similar to traditional IT automation, but the major difference between these technologies is, RPA is capable of learning itself and adapt to changing circumstances which a conventional IT automation system lacks.

A report published by Market Research Future states that the robotic process automation market is expected to grow by USD 2,700 Million approximately by 2023 at 29% CAGR between 2017 and 2023.The factors that are driving growth of this market are high levels of cost saving for businesses. Since robots are utilized for the processes it helps reduce operational costs and also costs arising from human error. Thus a onetime investment on RPA ensures high returns to businesses who are more than eager to integrate these processes in their workflows.

Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/2209

Major Key Players

• Automation Anywhere (U.S.),
• Blue Prism (U.K.),
• Celaton Ltd (U.K.),
• Ipsoft (U.S.),
• Nice Systems Ltd. (Israel),
• Pegasystems (U.S.),
• Redwood Software (U.S.),
• Uipath (Romania),
• Verint (U.S.),
• Xerox Corporation (U.S.),
are profiled in Market Research Future analysis and are at the forefront of competition in the Robotic Process Automation market.

According to MRFR, The Robotic Process Automation Market is expected to grow at approximately USD 2,700 Million by 2023, at 29% of CAGR between 2017 and 2023.

Industry News:

PeopleDoc has recently launched their RPA that uses PeopleBots and listen for suitable events to automate. The system has its eyes set on human resourcing where the company believe a hybrid procedure, a blend of RPA and human abilities, can simplify the process of recruiting and basic fault findings.
Blue Prism’s RPA software assists enterprises with a sourcing option that supports humans in increasing their productivity and enhances the experience and in the process achieve optimum results.

Competitive Analysis

With the entry of new industry players in the robotic process automation segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced product types in the segment. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Effective planning is essential in terms of business development so as to gain maximum returns on investment.

Geographical Analysis

The regional analysis of robotic process automation market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America region accounts for largest share in robotic process automation market owing to high development in field of technology and presence of developed countries. Europe is one of the prominent player in the market of robotic process automation. Countries such as U.K., Germany and Italy are the major contributors in the market growth due to the rich manufacturing and automotive industry. Asia-Pacific is expected to emerge as fastest growing market during the forecast period. Development of Asian countries and demand for consumer electronic products is forcing the manufacturers to adopt a cost effective technology in the manufacturing process.

With rapid advancements in digitization and information technology in countries like China, India and Japan; the Asia Pacific region is expected to grow at highest CAGR in robotic process automation market.

Segmentation:

The MRFR analysis is segmented into five key dynamics for the convenience of the report and enhanced understanding;
By Process: Automated Solution, Decision Support & Management Solution and Interaction Solution among others.
By Operations : Spend Analysis, E-Sourcing, E-Procurement, Contract Management and Supplier Management among others.
By Types: Tools, Services and Travel & Logistics
By Industries : BFSI, Healthcare & Pharmaceuticals, Manufacturing & Logistics, IT & Telecommunication, Retail, Travel, Hospitality, and Transportation among others.
By Regions: North America, Europe, APAC and Rest-of-the-World.
The BFSI segment by industries held the largest share of the robotic process automation market, in 2016.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/robotic-process-automation-market-2209

Intended Audience
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• IT Solution Providers
• Supply Chain & Logistics Organizations
• Original Equipment Manufacturers
• Healthcare & Pharmaceutical Industry

LIST OF TABLES
TABLE 1 ROBOTIC PROCESS AUTOMATION MARKET, BY PROCESS
TABLE 2 ROBOTIC PROCESS AUTOMATION MARKET, BY OPERATIONS
TABLE 3 ROBOTIC PROCESS AUTOMATION MARKET, BY TYPE
TABLE 4 ROBOTIC PROCESS AUTOMATION MARKET, BY INDUSTRY
TABLE 5 ROBOTIC PROCESS AUTOMATION MARKET, BY REGION
TABLE 6 NORTH AMERICA ROBOTIC PROCESS AUTOMATION MARKET, BY PROCESS
TABLE 7 NORTH AMERICA ROBOTIC PROCESS AUTOMATION MARKET, BY OPERATIONS
Continued………

LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 ROBOTIC PROCESS AUTOMATION MARKET: BY PROCESS (%)
FIGURE 3 ROBOTIC PROCESS AUTOMATION MARKET: BY OPERATIONS (%)
FIGURE 4 ROBOTIC PROCESS AUTOMATION MARKET: BY TYPE (%)
FIGURE 5 ROBOTIC PROCESS AUTOMATION MARKET: BY INDUSTRY (%)
FIGURE 6 ROBOTIC PROCESS AUTOMATION MARKET: BY REGION (%)
Continued………

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/robotic-process-automation-market-2209

Source URL: https://marketersmedia.com/robotic-process-automation-rpa-market-2019-industry-size-global-applications-development-future-demand-and-regional-trends-by-forecast-to-2023/481583

Source: MarketersMedia

Release ID: 481583

More News From malaysiacorner.com

Malaysia cuts interest rate for first time in 3 years

May 26, 2019

KUALA LUMPUR, Malaysia — Malaysia's central bank cut interest rates Tuesday for the first time in nearly three years to help support growth and counter risks from a global slowdown, trade tensions and extended weakness in commodity prices. Bank Negara Malaysia says it decided to reduce its overnight policy rate, used by banks to calculate interest rates, to 3% from 3.25%. The rate was last cut by a quarter-basis point to 3% in July 2016, but was raised back to 3.25% in January 2018. The central bank forecast the economy will expand between 4.3-4.8% this year. It said in a...

Axiata, Telenor in merger talks to create telecoms giant

May 26, 2019

KUALA LUMPUR, Malaysia — Malaysia's Axiata Group Berhad said Monday it is in talks with Norway's Telenor ASA to merge their Asian operations to create one of the world's top telecommunications giants with some 300 million customers in nine countries. Axiata said in a statement that Telenor is expected to hold a 56.5 percent stake and Axiata 43.5 percent in the proposed "merger of equals." Both companies operate in Malaysia, Thailand, Myanmar, Bangladesh and Pakistan. Axiata also has a presence in India, Sri Lanka, Nepal, Cambodia and Indonesia but it said its Bangladesh operation would be excluded. Axiata said merged...

Brunei death penalty moratorium applied to new Shariah laws

May 26, 2019

KUALA LUMPUR, Malaysia — Brunei's sultan has said a moratorium on capital punishment is in effect for new Shariah criminal laws including stoning people for gay sex and adultery that sparked an international outcry. The United Nations has called the laws implemented April 3 "draconian" while the U.S. and several other countries have urged Brunei to halt its plans. Celebrities including George Clooney, Elton John and Ellen DeGeneres have rallied for a boycott of nine hotels in the U.S. and Europe linked to Brunei. Even before 2014, homosexuality was already punishable in Brunei by a jail term of up to...

Malaysia destroys 4 tons of ivory tusks, products

May 26, 2019

SEREMBAN, Malaysia — Malaysia on Tuesday destroyed nearly four tons of elephant tusks and ivory products estimated to be worth 13.26 million ringgit ($3.2 million) as part of its fight against the illegal ivory trade. Water, Land and Natural Resources Minister Xavier Jayakumar said the ivory was confiscated in 15 raids between 2011 and 2017. The tusks, which were marked, and products such as ivory bracelets and chopsticks were shown to reporters before they were to be thrown into a large incinerator in southern Negeri Sembilan state. Jayakumar said the tusks and products were burned to ensure they wouldn't be...

Former Malaysian leader's corruption trial enters second day

May 26, 2019

KUALA LUMPUR, Malaysia — The corruption trial of Malaysia's former Prime Minister Najib Razak entered a second day Monday, with a central bank investigator taking the stand in the case involving the transfer of suspicious money into Najib's bank accounts. One of few Southeast Asian leaders to be arraigned after losing office, Najib was solemn as he sat in the dock listening to the testimony. Central bank investigator Azizul Adzani Mohamad Ghafar, the second witness, testified he secured documents in 2015 related to the bank accounts of Najib, SRC International and another company. SRC is a former unit of 1MDB...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH

About Us

In Malaysia Corner, we’re here to bring back those days where you can still catch up with everyday news no matter which corner you are at.

Contact us: sales[at]malaysiacorner.com