Robotic Process Automation Market size was valued at USD 4.06 billion in 2024 and is set to reach USD 245.26 billion by the end of 2037, expanding at around 37.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of robotic process automation is assessed at USD 5.28 billion.
The growth of the market can be attributed to the increasing number of organizations moving towards automation across the globe in order to reduce human errors. Moreover, it is a cutting-edge technology that requires less human intervention, such as machine learning, artificial intelligence, and others. Therefore, the growing adoption of these technologies is expected to boost the growth of the market. By the end of 2024, it is estimated that more than 65 percent of all managerial work will be automated across the globe.
A sophisticated software technique known as robotic process automation (RPA) creates, deploys, and manages software robots. The use of RPA is growing across a wide range of industry sectors owing to its scalability, low investment requirements, and high return on investment (ROI). It helps to streamline workflows and increase employee satisfaction, engagement, and productivity through removing monotonous chores. Nowadays, there has been a high adoption of advanced technologies, which include robotic process automation solutions. Moreover, software robots can be set up to mimic and understand applications for interacting with other digital systems, changing data, and eliciting responses thanks to the technology known as robotic process automation, which is guided by business logic and structured inputs
Growth Drivers
Challenges
There is a significant financial need to transform the traditional process into an automated process. Moreover, all the labors are not able to adopt the new technologies, so they are hesitant to use the new technologies in their processes. In addition, the automated processes keep on changing with the advancement, and the adaptability is not easy. Therefore, it is expected to restrain the growth of the global market in the upcoming years.
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
37.3% |
Base Year Market Size (2024) |
USD 4.06 billion |
Forecast Year Market Size (2037) |
USD 245.26 billion |
Regional Scope |
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Industry (Finance, Retail, Healthcare, BFSI, Manufacturing, IT & Telecom)
The global RPA market is segmented and analyzed for demand and supply by industry into finance, retail, healthcare, BFSI, manufacturing, it & telecom, and others. Out of these, the BFSI segment is expected to hold the largest share over the forecast period on the back of the rising need to reduce errors through automating business processes at the financial institutions such as deposits, account opening, and others. Moreover, there has been a surge in the adoption of RPA in BFSI organizations, that is further expected to boost the growth of the segment in the market. In addition, the need to automate the business processes in order to increase the work speed and efficiency, is another factor that is projected to rise the segment’s growth in the market. More than 60 percent of the finance organizations around the world have already piloted or actively using robotic process automation according to the estimated.
Organization (Large Enterprises, SMEs)
The global robotic process automation market is also segmented and analyzed for demand and supply by organization into large, and small & medium organization. Among these, the large organization is expected to have a significant share over the forecast period owing to the rising deployment of RPA by the large enterprise in order to reduce costs occurring owing to human errors in the processes. Furthermore, more time is wasted on traditional activities that increase the time for taking decisions. Therefore, it is anticipated to drive the growth of the large organization segment in the market.
Our in-depth analysis of the global market includes the following segments:
By Industry |
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By Solution |
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By Organization |
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By Deployment Mode |
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North American Market Forecast
The RPA market in North America is projected to be the largest with a share of about 29% by the end of 2037. The growth of the market can be attributed majorly to the presence of major innovators, and players in the region. Moreover, the RPA has been increasingly adopted by organizations, and the government agencies is further expected to increase the growth of the market in the region. In addition, government initiatives to increase the adoption of RPA among the various industries are also predicted to expand the market’s growth in the region. Since the Administration's inception, the largest 24 Federal agencies have implemented more than 100 initiatives to reduce administrative burden and direct more resources towards agency missions, resulting in billions of dollars in realized and anticipated savings and the reallocation of hundreds of thousands of full-time equivalent employee hours to higher-value work. Among these initiatives are more than 50 focused on process improvement and standardization, as well as approximately 30 utilizing artificial intelligence, robotic process automation, and other innovative software.
Europe Market Forecast
The European robotic process automation market is estimated to be the second largest, registering a share of about 24% by the end of 2037. The growth of the market can be attributed majorly to the surging enterprises efforts to improve the customer experience. Furthermore, the European region is the leader in the automobile industries, which have a great demand for automation. Additionally, there is a need for taking the right decision at the right time in the automobile sector, thus improved data analysis is required. Therefore, it is predicted to increase the growth of the market in the region.
APAC Market Statistics
Further, the RPA market in the Asia Pacific is projected to have the fastest growth by the end of 2037. The growth of the market can be attributed majorly to the growing popularity of digital transformation, and automation in countries such as China, Japan, and others. Moreover, the surging demand for automation solutions in different organization in the Asia Pacific region is estimated to rise the market’s growth in the region.
Pegasystems Inc. announced the launch of Robot Studio, robotic process automation (RPA) low-code authoring environment for Pega's intelligent automation platform.
OnviSource, Inc. announced the expansion of its Automata Robotics Process Automation solution with a new code new platform known as Orchestra that is powered by company’s new proprietary artificial intelligence engine, iMachine 2.0.
Author Credits: Abhishek Verma
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