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Robotic Process Automation Market Report by Component, Operation, Deployment Model, Organization Size, End User, and Region 2024-2032

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    Report

  • 145 Pages
  • September 2024
  • Region: Global
  • IMARC Group
  • ID: 5911958
The global robotic process automation market size reached US$ 4.0 Billion in 2023. Looking forward, the market is expected to reach US$ 33.9 Billion by 2032, exhibiting a growth rate (CAGR) of 26.8% during 2023-2032.

Robotic process automation (RPA) refers to an advanced software technology that builds, deploys, and manages software robots. It aids in manipulating data, passing data from different applications, triggering responses, or executing transactions. It also assists in streamlining workflows and increasing employee satisfaction, engagement, and productivity by eliminating repetitive tasks from their workdays. Apart from this, it offers greater resilience and higher accuracy, and accelerates transformation, improves compliance and boosts productivity. As it is also scalable, requires minimal investment, and provides a significant return on investment (ROI), the application of RPA is expanding among numerous industry verticals across the globe.

Robotic Process Automation Market Trends:

Due to the coronavirus disease (COVID-19) outbreak and consequent imposition of lockdown restrictions, there is a considerable rise in the shift towards remote working to comply with government regulations, continue business operations and prevent the spread of the pandemic. This represents one of the key factors driving the market. Moreover, RPA helps in inducing quick execution and the arrangement of a large volume of data in less time than mechanical procedures with reduced overhead expenditure for enterprises. Consequently, it is increasingly being utilized in the banking, financial services, and insurance (BFSI), healthcare, information technology (IT), and telecom industries worldwide.

Furthermore, leading players are integrating RPA with advanced technologies, such as machine learning (ML), which is advancing the capabilities of software bots beyond rule-based processes. It is also allowing task execution like human decision-making skills. Additionally, these players are utilizing artificial intelligence (AI) to handle cognitive processes that require skills, such as understanding documents, visualizing screens, and comprehending speech and carrying on conversations and chats.

Key Market Segmentation:

This report provides an analysis of the key trends in each sub-segment of the global robotic process automation market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on component, operation, deployment model, organization size and end user.

Breakup by Component:

  • Software
  • Services

Breakup by Operation:

  • Rule-based
  • Knowledge-based

Breakup by Deployment Model:

  • On-premises
  • Cloud-based

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium Sized Enterprises

Breakup by End User:

  • BFSI
  • Healthcare and Pharmaceuticals
  • Retail and Consumer Goods
  • IT and Telecommunication
  • Government and Defense
  • Transportation and Logistics
  • Energy and Utilities
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amelia US LLC, Automation Anywhere Inc., AutomationEdge, Blue Prism Group PLC, Infosys Limited, International Business Machines Corporation, Kofax Inc., NICE Ltd., Pegasystems Inc., UiPath, Verint Systems and WorkFusion Inc.

Key Questions Answered in This Report:

  • How has the global robotic process automation market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global robotic process automation market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the operation?
  • What is the breakup of the market based on the deployment model?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global robotic process automation market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Robotic Process Automation Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Operation
7.1 Rule-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Knowledge-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Deployment Mode
8.1 On-premises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cloud-based
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Organization Size
9.1 Large Enterprises
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Small and Medium Sized Enterprises
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End User
10.1 BFSI
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Healthcare and Pharmaceuticals
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Retail and Consumer Goods
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 IT and Telecommunication
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Government and Defense
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Transportation and Logistics
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Energy and Utilities
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Others
10.8.1 Market Trends
10.8.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Amelia US LLC
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Automation Anywhere Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 AutomationEdge
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Blue Prism Group PLC
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.5 Infosys Limited
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 International Business Machines Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Kofax Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 NICE Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Pegasystems Inc.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 UiPath
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.11 Verint Systems
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 WorkFusion Inc.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Robotic Process Automation Market: Major Drivers and Challenges
Figure 2: Global: Robotic Process Automation Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Robotic Process Automation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Robotic Process Automation Market: Breakup by Component (in %), 2023
Figure 5: Global: Robotic Process Automation Market: Breakup by Operation (in %), 2023
Figure 6: Global: Robotic Process Automation Market: Breakup by Deployment Mode (in %), 2023
Figure 7: Global: Robotic Process Automation Market: Breakup by Organization Size (in %), 2023
Figure 8: Global: Robotic Process Automation Market: Breakup by End User (in %), 2023
Figure 9: Global: Robotic Process Automation Market: Breakup by Region (in %), 2023
Figure 10: Global: Robotic Process Automation (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Robotic Process Automation (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Robotic Process Automation (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Robotic Process Automation (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Robotic Process Automation (Rule-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Robotic Process Automation (Rule-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Robotic Process Automation (Knowledge-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Robotic Process Automation (Knowledge-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Robotic Process Automation (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Robotic Process Automation (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Robotic Process Automation (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Robotic Process Automation (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Robotic Process Automation (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Robotic Process Automation (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Robotic Process Automation (Small and Medium Sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Robotic Process Automation (Small and Medium Sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Robotic Process Automation (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Robotic Process Automation (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Robotic Process Automation (Healthcare and Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Robotic Process Automation (Healthcare and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Robotic Process Automation (Retail and Consumer Goods) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Robotic Process Automation (Retail and Consumer Goods) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Robotic Process Automation (IT and Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Robotic Process Automation (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Robotic Process Automation (Government and Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Robotic Process Automation (Government and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Robotic Process Automation (Transportation and Logistics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Robotic Process Automation (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Robotic Process Automation (Energy and Utilities) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Robotic Process Automation (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Robotic Process Automation (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Robotic Process Automation (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: North America: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: North America: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: United States: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: United States: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Canada: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Canada: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Asia-Pacific: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Asia-Pacific: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: China: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: China: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Japan: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Japan: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: India: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: India: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: South Korea: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: South Korea: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Australia: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Australia: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Indonesia: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Indonesia: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Europe: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Europe: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Germany: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Germany: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: France: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: France: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: United Kingdom: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: United Kingdom: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Italy: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Italy: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Spain: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Spain: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Russia: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Russia: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Others: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Others: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Latin America: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Latin America: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Brazil: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Brazil: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Mexico: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Mexico: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Others: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Others: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Middle East and Africa: Robotic Process Automation Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Middle East and Africa: Robotic Process Automation Market: Breakup by Country (in %), 2023
Figure 90: Middle East and Africa: Robotic Process Automation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Global: Robotic Process Automation Industry: SWOT Analysis
Figure 92: Global: Robotic Process Automation Industry: Value Chain Analysis
Figure 93: Global: Robotic Process Automation Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Robotic Process Automation Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Robotic Process Automation Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Robotic Process Automation Market Forecast: Breakup by Operation (in Million US$), 2024-2032
Table 4: Global: Robotic Process Automation Market Forecast: Breakup by Deployment Mode (in Million US$), 2024-2032
Table 5: Global: Robotic Process Automation Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
Table 6: Global: Robotic Process Automation Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 7: Global: Robotic Process Automation Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Robotic Process Automation Market: Competitive Structure
Table 9: Global: Robotic Process Automation Market: Key Players

Companies Mentioned

  • Amelia US LLC
  • Automation Anywhere Inc.
  • AutomationEdge
  • Blue Prism Group PLC
  • Infosys Limited
  • International Business Machines Corporation
  • Kofax Inc.
  • NICE Ltd.
  • Pegasystems Inc.
  • UiPath
  • Verint Systems
  • WorkFusion Inc

Methodology

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Table Information