Select Language
According to the latest report by IMARC Group, titled “Robotic Process Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global robotic process automation market size reached US$ 2.4 Billion in 2021. Robotic process automation (RPA) is a type of software technology that helps to automate business processes. It enables operators to build, manage and deploy software robots that imitate human actions to interact with digital systems. RPA tools offer scalability, harness artificial intelligence (AI), and improve productivity and customer experiences. They also help organizations to reduce human errors and staffing costs. Additionally, RPA enables operators to configure a robot to interpret applications for triggering responses, manipulating data, and communicating with digital systems. There are four types of robots that can be configured through RPA, including data entry, validation and verification, system integration, and scheduled or trigger robots. RPA scenarios can range from automating tasks in an enterprise resource planning (ERP) system to automatically responding to an email.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Robotic Process Automation Market Trends:
During the coronavirus disease (COVID-19) pandemic, organizations started shifting toward automated solutions for ensuring continuous operations of their businesses, which is primarily driving the global RPA market growth. The integration of evolving business processes and cognitive technologies to automate redundant tasks is further contributing to the growth of the market. Other than this, RPA is being increasingly deployed across the healthcare, telecommunication, information technology (IT), and banking, financial services and insurance (BFSI) industries for improved efficiency and productivity. Moreover, the widespread utilization of cloud- and AI-based solutions amongst small- and medium-sized enterprises (SMEs) is consistently facilitating the market growth. Furthermore, rapid expansion in the e-commerce sector is creating a positive outlook for the market across the globe. Looking forward, the market is projected to expand at a CAGR of 30.08% during the forecast period (2022-2027).
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com