Robotic Process Automation in BFSI Market Report 2026

The robotic process automation in bfsi market size has grown exponentially in recent years. It will grow from $2.05 billion in 2025 to $2.85 billion in 2026 at a compound annual growth rate (CAGR) of 38.6%. The growth in the historic period can be attributed to increasing transaction volumes in bfsI, rising pressure to reduce operational costs, growth in rule-based manual processes, expansion of digital banking services, increasing regulatory reporting requirements.

The robotic process automation in bfsi market size is expected to see exponential growth in the next few years. It will grow to $10.52 billion in 2030 at a compound annual growth rate (CAGR) of 38.6%. The growth in the forecast period can be attributed to increasing adoption of cognitive rpa solutions, rising integration of ai and machine learning, expansion of cloud-based rpa deployments, growing focus on straight-through processing, increasing demand for scalable automation platforms. Major trends in the forecast period include increasing automation of back-office banking processes, rising deployment of intelligent rpa bots, growing integration with core banking systems, expansion of compliance automation workflows, enhanced focus on operational accuracy.

The growing demand for digital transformation is expected to drive the expansion of robotic process automation (RPA) in the BFSI market in the coming years. Digital transformation in banking, financial services, and insurance (BFSI) involves the comprehensive adoption of digital technologies and strategies to fundamentally change how financial services are delivered, managed, and consumed. RPA software robots automate repetitive, rule-based tasks in the BFSI sector, such as data entry, reconciliation, account opening, and compliance reporting, significantly improving operational efficiency by saving time and effort. For example, in July 2024, the European Central Bank, a Germany-based central bank for the Eurosystem, reported that in 2023, the number of contactless card payments in the second half of the year increased by 16%, reaching 23.2 billion compared to the same period in 2022. As a result, the rising demand for digital transformation is fueling the growth of robotic process automation in the BFSI market.

Major companies operating in the robotic process automation (RPA) in BFSI market are focused on the adoption of technological advancements, such as business intelligence (BI) platforms to enhance operational efficiency and decision-making processes in the BFSI sector. It analyzes vast datasets, providing actionable insights, and aiding informed decision-making for enhanced financial strategies and risk management. For instance, In January 2023, Deutsche Bank, a Germany-based financial services provider in collaboration with its Blue Water Financial Technologies, a US-based financial services company, launched a robotic process automation (RPA) commercialization program, featuring a multibank data processing and reconciliation solution as its first commercial product in China. The solution can process tens of thousands of financial documents simultaneously, saving up to 60-80 hours of manpower per month and cutting reconciliation times from 2-3 days to under one hour. The program adopts a two-step strategy from Proof of Concept (PoC) to commercialization, focusing on creating a mutually beneficial ecosystem between banks and enterprises by integrating resources and new technology.

In October 2024, Baker Tilly US LLP, a US-based advisory, tax, and assurance firm, acquired Alirrium for an undisclosed amount. Through this acquisition, Baker Tilly aimed to enhance its robotic process automation (RPA), artificial intelligence (AI), and machine learning capabilities to strengthen its technology-driven services and help clients modernize operations and improve efficiency. Alirrium Inc. is a US-based technology services company specializing in RPA advisory and implementation services for commercial and federal clients, improving operational efficiency, data accuracy, and business process automation.

Major companies operating in the robotic process automation in bfsi market are International Business Machines Corporation, Salesforce Inc, Atos SE, Xerox Holdings Corporation, Genpact Limited, NICE Ltd., Pegasystems Inc., Protiviti Inc., UiPath SRL, Verint Systems Inc., Automation Anywhere Inc., AutomationEdge, WorkFusion Inc., Datamatics Global Services Limited, Kofax Inc., EdgeVerve Systems Limited, AntWorks, FPT Corporation, Softomotive, Kryon Systems, IPsoft Inc., OnviSource Inc., Daythree Business Services Sdn Bhd, Signity Solutions.

North America was the largest region in the robotic process automation in BFSI market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robotic process automation in bfsi market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the robotic process automation in bfsi market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The robotic process automation in BFSI market includes revenues earned by entities through services such as customer verification, form processing, customer onboarding, consulting, claims processing, data management between apps, account closure processing, loan processing, and maintaining compliance. The market value includes the value of related goods sold by the service provider or included within the service offering. The robotic process automation in BFSI market consists of sales of robotic process automation (RPA) software platforms, bots and automation tools, and analytics and reporting tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.