Robotic Process Automation Market Analysis

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: