RPA Technology Market Size to Grow at a CAGR of 36.5% to USD 45,982.02 Million by 2030 – Key Companies, Strategic Initiatives, Investment Plans, Trends and Innovations

North America is expected to grow at the fastest CAGR throughout the forecast period. The push for businesses to improve operational efficiency and efficiency while controlling costs is expected to drive the rise of the RPA market.

DALLAS, Texas, Oct. 20, 2022 (GLOBE NEWSWIRE) — Global Robotic Process Automation Technology Market This number is expected to increase due to the growing need for automation technologies by businesses to process their complex and unstructured information and fully automate their operations in the coming years. The fusion of RPA technology with artificial intelligence and other technologies can also help broaden the scope of business processes. Using these cutting-edge technologies, it is possible to autonomously observe work activities, determine ideal workflows, and recommend self-regulatory paths for organizations.

The global robotic process automation technology market is expected to grow from USD 2,078.4 million to USD 45,982.02 million by 2030, at a CAGR of 36.5% during this period.

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Companies rely on digital platforms to automate their back-end and front-end activities. Robotic Process Automation (RPA) is a growing technology that spans many industries because of its potential to run businesses effectively during a pandemic. Therefore, the demand for cutting-edge software to automate processes is growing. RPA technology is one of the best tools for increasing productivity when working from home or other remote locations because it enables rapid automation of processes in a short period of time. Hence, it is expected to drive the expansion of the global robotic process automation technology market over the forecast period.

These robots are already having a positive impact on the medical and automotive industries. Employees can improve current software programs and automate their work through Robotic Process Automation (RPA). People can process data as well as simple financial transactions and interact with different digital platforms. Robotic processes can be automated using the latest hardware and software. Through the combination of artificial intelligence and machine learning, smarter and more advanced robots are being created.

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Report scope and details:

Among the operating segments of the market, the rules-based segment previously occupied a larger market share. Rules-based automation enables efficient management and completion of repetitive tasks that do not require human knowledge or intervention. Additionally, rule-based RPA maintains business application operations through existing user interfaces with the help of predefined inputs.

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North America accounted for the largest revenue share in 2021 and this trend is expected to continue throughout the forecast period. This is assessed based on the extent to which automation solutions and process management are used by businesses and government organizations in the region. Another factor driving market expansion is the use of RPA by North American SMEs as they become increasingly aware of how to improve various company operations including data entry, accounting/finance, purchasing details, record keeping and several other HR related functions .

In June 2021, FPT Software announced a partnership with US-based digital experience software developer Sitecore to bring Sitecore digital marketing solutions to the wider enterprise in Japan through intelligent automation, low-code and digital/IT transformation. For many Japanese companies, the cooperation will present new prospects. Additionally, FPT Software will have access to Sitecore’s business ecosystem, which includes top firms in public relations, advertising and IT consulting.

Table of contents:

1. Introduction

2. Research methodology

3. Market Outlook

4. RPA Technology Market Overview by Type, 2019-2029 (USD Billion)

• cloud

• local

5. RPA Technology Market by Operational Overview, 2019-2029 (USD Billion)

• Knowledge based

• Rule based

6. RPA Technology Market Overview by Application, 2019-2029 (USD Billion)

• Data migration and capture extraction

• analyze

• Customer Support

• Administration and reporting

7. RPA Technology Market End User Overview 2019-2029 (USD Billion)

• IT and Telecom

• BFSI

• health care

• health care

• retail

• Hospitality

• Manufacturing and logistics

8. RPA Technology Market Overview by Region 2019-2029 (USD Billion)

9. Company Profile

10. Appendix

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Adroit Market Research is an India-based business analysis and consulting firm established in 2018. Our target audience is a broad range of companies, manufacturing companies, product/technology development agencies and industry associations that need to understand market size, key trends, players, and the future prospects of an industry. We intend to be our clients’ knowledge partner, providing them with valuable market insights and helping them create revenue-generating opportunities. We follow one principle – explore, learn and transform. At our core, we are curious people who enjoy identifying and understanding industry patterns, conducting insightful research around our findings, and developing a roadmap to make money.

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