Robotic Process Automation (RPA) Market Size, Share And Growth Report, 2030 (2024)

Robotic Process Automation (RPA) Market Research Report 2024: Business Opportunities, Growth and Trends Forecasts 2031

Global "Robotic Process Automation (RPA) Market" report provides a thorough analysis encompassing [104+ Pages], evaluating crucial Market Segments based on Product Type (Tools & Software, Services), Application (Banking, Financial Services and Insurance, Healthcare and Pharmaceuticals, Manufacturing and Logistics, Telecom and IT, Retail and Consumer Goods, Travel, Hospitality, and Transportation, Others (Energy and Utility, Government, and Academics)), and regional geography. This report also sheds light on emerging market trends and technological advancements, equipped with fundamental insights.

Robotic Process Automation (RPA) Market Demand Analysis (2019 to 2024) Vs Market Outlook (2024 to 2031)

360 Market Updates new survey, estimate that the Robotic Process Automation (RPA) market was worth USD 4146.81 Million in 2022 and would increase to USD 13571.72 Million by 2031 with a (Compound Annual Growth Rate) CAGR of 21.85 during 2024 to 2031.
Robotic Process Automation (RPA) Market Regional Analysis - North America (United States, Canada and Mexico), South America (China, Japan, Korea, India and Southeast Asia), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Middle East and Africa (Saudi Arabia, Egypt, Nigeria and South Africa)

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Who is the Largest Manufacturer of Robotic Process Automation (RPA) Market Worldwide?

Jacada
WorkFusion
HelpSystems
Verint Systems
Kofax
NTT Advanced Technology Corporation
AntWorks
Fuji Xerox
Blue Prism Group
BlackLine
Datamatics Global Services
Shanghai i-Search Software
Infosys (Edgeverve Systems)
UiPath
Pegasystems
Softomotive
Laserfiche
IPSoft
ActiveOps
NICE Systems
Automation Anywhere

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Scope of the Report

The scope of our Robotic Process Automation (RPA) Market Research Report encompasses:

Comprehensive Insights:We provide an in-depth analysis of the keyword market, covering a wide range of aspects crucial for your business growth.
Actionable Recommendations:Our report offers actionable recommendations based on data-driven insights, empowering you to make informed decisions.
Competitive Intelligence:Stay ahead of the competition with a thorough understanding of the strategies employed by key players.
Market Opportunities:Identify emerging opportunities and potential areas for expansion in the keyword market.
Risk Analysis:Assess market risks and develop mitigation strategies to navigate uncertainties effectively.

About Robotic Process Automation (RPA) Market:

The Global Robotic Process Automation (RPA) Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

According to the latest research, the global Robotic Process Automation (RPA) market size was valued at USD 4146.81 million in 2022 and is expected to expand at a CAGR of 21.85% during the forecast period, reaching USD 13571.72 million by 2028. Robotic process automation 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 exciting application in the organization for manipulating data, processing transactions and communicating with digital systems. The Asia Pacific region is expected to be the fastest growing market over the forecast period. The Asia Pacific region is expected to be the fastest growing market over the forecast period. The development of Asian countries and the demand for consumer electronics have forced manufacturers to implement cost-effective technologies in their manufacturing processes. Automation including machine learning, robotics and AI is at the forefront of market growth in the Asia Pacific region. Awareness of automation in the region is also expected to increase. In addition, the growing demand for business process automation solutions from BPO divisions in China and India has contributed to regional growth. However, Indian SMEs are more concerned about data security, and affordability issues pose challenges for RPA vendors. In addition, it turns out that Japanese SMEs lack RPA training when implementing Japanese technology. However, it is expected that increased awareness within the region will promote the growth of the robotic process automation market. The economic results of RPA implementation are far from guaranteed As with any automation technology, RPA has the potential to eliminate jobs, which presents a talent management challenge for CIOs. While companies receiving RPA are trying to move many workers to new jobs, Forrester Research estimates that RPA software will threaten the livelihoods of 230 million or more knowledge workers (about 9% of the global workforce). Installing thousands of bots takes longer, is more complex, and costs more than most organizations want. The platform that interacts with the robot usually changes and it is not always necessary to deploy the necessary flexibility in the robot. In addition, a new regulation requires minor changes to the application form that could delay months of background work for zombies that are nearing completion in the background. Moreover, the economic results of RPA implementation are far from guaranteed. Although it is possible to automate 30% of tasks for most professions, this does not subtly reduce costs by 30%. Region Overview: In global comparison, a significant portion of the revenue was generated in United States (44.66% in 2022). Company Overview: UiPath is one of the major players operating in the Robotic Process Automation (RPA) market, holding a share of 16.82% in 2023. UiPath UiPath, Inc. develops software. The Company offers robotic, intelligent, and business process automatic, as well as provides claims and accounts payable services. UiPath serves customers worldwide Automation Anywhere Automation Anywhere is a developer of robotic process automation software, which employs software bots to complete processes. Automation Anywhere deliver the world’s most sophisticated Digital Workforce Platform making work more human by automating business processes and liberating people. Segmentation Overview: Among different product types, Services segment is anticipated to contribute the largest market share in 2028. Tools & Software Robotic process automation (RPA) is allows employees in a company to configure computer software or a “robot” to capture and interpret existing applications for processing a transaction, manipulating data, triggering responses and communicating with other digital systems. RPA Tools & Software are the software through which you can configure tasks to get automated. Services RPA Services refer to RPA Consulting, Automation Design, software installation, update, maintenance, etc. Application Overview: In the Robotic Process Automation (RPA) market, 41.52% of the total value was generated through the Banking, Financial Services and Insurance segment by application in 2022. This report elaborates on the market size, market characteristics, and market growth of the Robotic Process Automation (RPA) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Robotic Process Automation (RPA). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.

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The report provides a detailed breakdown of the Size and Growth Rate for each regional market, offering a comprehensive perspective. Furthermore, it furnishes extensive data on key market players, elucidating their strategies to sustain and grow their market share. This comprehensive examination serves to empower clients with a deeper understanding of the global Robotic Process Automation (RPA) market, facilitating well-informed investment decisions grounded in reliable information.

What are the factors driving the growth of the Robotic Process Automation (RPA) Market?

Growing demand for the below applications around the world has had a direct impact on the growth of the Robotic Process Automation (RPA)

Banking
Financial Services and Insurance
Healthcare and Pharmaceuticals
Manufacturing and Logistics
Telecom and IT
Retail and Consumer Goods
Travel
Hospitality
and Transportation
Others (Energy and Utility
Government
and Academics)

What are the types of Robotic Process Automation (RPA) available in the Market?

Based on Product Types the Market is categorized into Below types that held the largest Robotic Process Automation (RPA) market share In 2022.

FAQs

Robotic Process Automation (RPA) Market Size, Share And Growth Report, 2030? ›

The robotic process automation (RPA) market was estimated to be worth 3.7 billion U.S. dollars in 2022. This market is forecast to grow with a CAGR of 36.6 percent from 2022 to 2032. The market size is expected to be valued at 81.8 billion U.S. dollars by 2032.

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How big is the RPA market in 2030? ›

Robotic process automation (RPA) market size worldwide from 2020 to 2030 (in billion U.S. dollars)

Characteristic	Market size in billion U.S. dollars
2030*	13.39
2029*	12.22
2028*	10.96
2027*	9.66

7 more rows

Jul 25, 2023

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How big is the robotic process automation RPA market? ›

What is the forecast for RPA market size? ›

Robotic Process Automation Market Analysis

The Robotic Process Automation Market size is estimated at USD 4.02 billion in 2024, and is expected to reach USD 14.75 billion by 2029, growing at a CAGR of 29.70% during the forecast period (2024-2029).

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How big is the RPA market in 2025? ›

The global robotic process automation (RPA) market size is expected to reach $3.97 billion by 2025, according to a new study by Grand View Research, Inc. It is estimated to expand at a CAGR of 31.1% over the forecast period.

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What is the future of robotics in 2030? ›

According to BCG estimates, the global robotics market is projected to grow from the current approximately $25 billion to a range between $160 billion and $260 billion by 2030. In this scenario, professional service robots could capture a market share of around $170 billion.

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What is the scope of automation by 2030? ›

According to a study by the McKinsey Global Institute, automation could dispense with 400 to 800 million jobs worldwide by 2030. Advancements in technology, particularly in artificial intelligence and robotics, have enabled certain tasks and jobs to be automated.

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What industry uses RPA the most? ›

Top Use Cases Of RPA Implementation

Telecommunications.
Banking.
Customer Care.
Insurance.
Healthcare.
Manufacturing.
Finance.
Property Management.

More items...

May 24, 2024

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What percentage of companies use RPA? ›

31% of all organizations have adopted RPA in 2023. That is up from the 26% adoption rate in 2022. In 2021 the adoption rate was 20%. Regarding investments, the percentage of organizations making new investments in RPA is 27%, down from 31% in 2022, and up from 26% in 2021.

What is the success rate of RPA? ›

Bot Success Rate / Bot Accuracy Rate

This metric shows the % of cases that have been covered by the bot on a given process. The good success metric for RPA is 80% and above. Of course, building an RPA bot with a 99% accuracy rate is entirely possible.

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What is the future outlook of RPA? ›

RPA will become increasingly intelligent as AI and ML technologies advance. Future RPA bots will not only perform tasks but also learn and improve from each interaction. This continuous improvement will turn RPA into a self-optimizing tool that provides deeper insights and more strategic value.

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Is the RPA market saturated? ›

The market is not quite saturated and 2024 will still see significant growth in RPA adoption and investment.

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What are analysts saying about RPA market growth? ›

KEY MARKET INSIGHTS

The global robotic process automation market size was valued at USD 13.86 billion in 2023. The market is projected to grow from USD 18.18 billion in 2024 to USD 64.47 billion by 2032, exhibiting a CAGR of 17.1% during the forecast period.

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What is the size of the RPA industry market? ›

According to the latest research, the global Robotic Process Automation (RPA) market size was valued at USD 4146.81 million in 2022 and is expected to expand at a CAGR of 21.85% during the forecast period, reaching USD 13571.72 million by 2028.

What is the RPA market share in 2024? ›

The Robotic Process Automation (RPA) market industry is projected to grow from USD 7.40 Billion in 2024 to USD 42.38 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.37% during the forecast period (2024 - 2032).

How big will the AI industry be in 2030? ›

The market for artificial intelligence grew beyond 184 billion U.S. dollars in 2024, a considerable jump of nearly 50 billion compared to 2023. This staggering growth is expected to continue with the market racing past 826 billion U.S. dollars in 2030.

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How big is the autonomous mobility market in 2030? ›

KEY MARKET INSIGHTS

The global autonomous vehicle market size was valued at USD 1,500.3 billion in 2022 and is projected to grow from USD 1,921.1 billion in 2023 to USD 13,632.4 billion by 2030, exhibiting a CAGR of 32.3% during the forecast period.

How big is the machine learning market in 2030? ›

The global Machine Learning Market size was valued at USD 19.45 billion in 2022 and is projected to reach USD 188.34 billion by 2030, growing at a CAGR of 37.47% from 2023 to 2030.

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How many jobs will robots take by 2030? ›

According to a recent report from Forrester, an influential analyst firm, it is projected that Generative AI will replace approximately 2.4 million job positions in the United States by the year 2030 and will also have a significant impact on an additional eleven million roles.

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